News
Tel Aviv ranked as number one most expensive city
Israeli city is named the world’s most expensive city above Paris and Singapore
In a survey by the Economist Intelligence Unit, Tel Aviv has taken the top spot for the first time in the world cost of living ranking, jumping up from 5th place last year.
This rank pushes last year’s winner, the one and only glamorous city of Paris down to joint second with Singapore followed by Zurich and Hong Kong
Tel Aviv’s climb to the top is mainly due to the soaring value of Israel’s currency and supply-chain problems.
The Israeili city has also seen price increases for approximately one tenth of goods in the city.
These increases are led by the rise in price of groceries and transport in local-currency terms.
The survey also found that Tel Aviv was the second most expensive city for alcohol and transport, fifth for personal care items, and sixth for recreation.
This comes as the rate of inflation is the fastest recorded over the past five years with data collected by the EIU in August and September showing that prices on average have risen 3.5% in local currency terms.
The EIU survey collects this data by comparing costs for goods and services in 173 cities with the US dollar.
Tel Aviv’s mayor, Ron Huldai made it clear that this isn’t necessarily good news as he warns the rising property prices (not included in EIU’s index) could see the city ‘explode’
“The fundamental problem is that in Israel there is no alternative metropolitan centre. In the United States, there is New York, Chicago, Miami and so on… There you can move to another city if the cost of living is too onerous,” Huldai said in an interview with Haaretz newspaper.
Compared to last year, most US cities have fallen in the list after the government responded to the covid-19 pandemic by injecting more money into the economy.
The war-torn city of Damascus in Syria maintained its spot in last place on the list, making it the cheapest city in the world.
Top five most expensive cities
- Tel Aviv
- Paris and Singapore in joint place
- Zurich
- Hong Kong
Top five cheapest cities
- Damascus
- Tripoli
- Tashkent
- Tunis
- Almaty
Source: EIU’s World Cost of Living index
News
Greenland says “No” to U.S. takeover — Chooses Denmark in geopolitical showdown
Greenland’s PM chooses Denmark over U.S. amid Trump’s controversy over Arctic control, emphasizing sovereignty and local sentiment.
Greenland’s PM chooses Denmark over U.S. amid Trump’s controversy over Arctic control, emphasizing sovereignty and local sentiment.
Greenland’s Prime Minister Jens‑Frederik Nielsen has delivered a clear message amid renewed pressure from the U.S. — if forced to choose between the United States and Denmark, Greenland will pick Denmark, NATO, and the EU.
Nielsen made the declaration in Copenhagen alongside Danish Prime Minister Mette Frederiksen ahead of diplomatic talks with top U.S. officials.
The announcement comes as U.S. President Donald Trump has again stoked controversy by suggesting Washington could pursue ownership or control of Greenland, citing strategic interests in the Arctic. European leaders and Greenlandic officials have pushed back strongly against these ideas, emphasising sovereignty and respect for international law.
This standoff places Greenland’s future in the spotlight — as Copenhagen and Nuuk reaffirm their ties, local sentiment remains overwhelmingly opposed to U.S. annexation and supportive of Greenland’s own path forward.
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News
Trump promises aid amid Iran unrest
Trump urges Americans in Iran to evacuate amidst escalating protests and vows support for protesters seeking freedom.
Trump urges Americans in Iran to evacuate amidst escalating protests and vows support for protesters seeking freedom.
President Trump has called on Americans in Iran to evacuate as tensions escalate following the government’s violent crackdown on antigovernment protesters. He has ruled out negotiations and encouraged protesters to continue their efforts, hinting that aid could be on the way.
The unrest in Iran has reportedly resulted in over 2,000 deaths, including both protesters and security forces. U.S. officials are reportedly weighing various responses, from sanctions to potential military options, though no immediate action has been confirmed.
Trump delivered a direct message to the people of Iran, emphasising support for their push for freedom and safety amid the growing crisis.
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News
Trump escalates pressure on the Federal Reserve with Powell probe
Trump administration investigates Fed Chair Powell, raising concerns over political pressure on monetary policy and economic stability.
Trump administration investigates Fed Chair Powell, raising concerns over political pressure on monetary policy and economic stability.
The Trump administration has launched a criminal investigation into Federal Reserve Chair Jerome Powell, dramatically escalating tensions between the White House and the central bank.
The probe centres on Powell’s testimony over a controversial renovation of the Federal Reserve’s headquarters, raising alarm over whether political pressure is being applied to monetary policy decisions.
The move has sparked fierce debate in Washington, with critics warning it could undermine investor confidence and destabilise economic expectations.
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