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Tel Aviv ranked as number one most expensive city

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Israeli city is named the world’s most expensive city above Paris and Singapore

Tel Aviv travel | Israel, Middle East - Lonely Planet

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

  1. Tel Aviv
  2. Paris and Singapore in joint place
  3. Zurich
  4. Hong Kong

Top five cheapest cities

  1. Damascus
  2. Tripoli
  3. Tashkent
  4. Tunis
  5. Almaty

Source: EIU’s World Cost of Living index

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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.

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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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Iran at a crossroads as White House weighs nuclear talks and military action

White House considers Iranian nuclear talks proposal amid rising tensions, balancing military options with diplomacy.

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White House considers Iranian nuclear talks proposal amid rising tensions, balancing military options with diplomacy.


The White House is considering an Iranian proposal to restart nuclear talks, opening the door to a possible diplomatic breakthrough after months of rising tension. The move signals that negotiations may still be on the table, even as uncertainty dominates Washington’s next steps.

President Trump has indicated talks could be on the horizon, but he is also openly weighing strong military options. That dual-track approach highlights the high stakes of the moment and the pressure on US leadership to balance deterrence with dialogue.

Trump is expected to meet with senior aides to discuss strategy and decide the best course of action on Iran, as global markets and allies closely watch every signal coming from the administration.

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Sendle shuts down, small businesses left scrambling

Sendle’s sudden closure leaves small businesses reeling as they scramble for shipping solutions

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Sendle’s sudden closure leaves small businesses reeling as they scramble for shipping solutions

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In Short:
– Sendle has unexpectedly ceased operations, leaving small businesses without courier services and cancelled pickups.
– Customers are frustrated and searching for alternatives, while competitor firms are reaching out to fill the gap.
Aussie courier service Sendle has ceased operations unexpectedly, affecting many small businesses that relied on its services. Announced via email on January 11, the company warned customers that existing parcels would be delivered at the “discretion of the delivery partner.”
Additionally, all scheduled pickups from January 12 were cancelled.

Customers have been left confused and frustrated, lacking guidance on how to fulfill orders.

Sendle expressed regret for the disruption but did not provide a detailed explanation for the closure. A banner on their website confirmed the halt in services, with social media accounts disabled and customer inquiries no longer being monitored.

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The shutdown comes as Sendle had recently merged with US logistics firms to create FAST Group, but that merger has now reportedly unraveled due to financial issues.

Small business owners, many of whom had turned to Sendle for better pricing compared to competitors like Australia Post, are now scrambling to find alternative delivery options.

Unexpected Closure

Many business owners shared their experiences on social media, highlighting the immediate need to find new courier services. One owner reported significant losses and mentioned having to repackage orders that were scheduled for shipment.

The collapse of Sendle has raised concerns about job losses, though the company has not disclosed the number of affected employees.

Competitors have begun reaching out to small businesses in response to the demand created by Sendle’s sudden exit from the market.

Aramex Australia says it “is aware that Sendle has halted all bookings for parcel pick-ups and deliveries in Australia with immediate effect. Aramex recognises that this development may create uncertainty for businesses that rely on Sendle to ship their goods.”

“While Aramex cannot comment on the specific circumstances surrounding Sendle’s operations, we are ready to support e-comm and B2B businesses that are seeking an alternative courier partner moving forward. Aramex has the infrastructure, global network, national coverage and local franchise expertise in place to assist customers who need ongoing delivery services without disruption. Our priority is providing certainty, reliability and continuity of service for Australian businesses.”

“Sendle is a tech platform that has enabled business customers to book courier services. Aramex has a long history of delivering for Sendle customers. Aramex operations continue as normal, providing reliable courier services to our customers.”


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