New York and Singapore rank as the world's most expensive cities, according to the Economist Intelligence Unit's (EIU) annual Worldwide Cost of Living survey.New York tops the rankings for the first time, while Singapore is back in the top position for the eighth time in ten years. Israel's Tel Aviv, which was found to be the world's most expensive city in 2021, is ranked at third place this year....
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.