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
Markets shrug as Trump tariffs take effect
Investors remain calm amid Trump’s 15% tariffs, focusing on future policy uncertainty and inflation risks instead.
Investors remain calm amid Trump’s 15% tariffs, focusing on future policy uncertainty and inflation risks instead.
Investors are largely unfazed as U.S. President Donald Trump’s new tariffs officially come into effect. The administration has introduced a blanket 15 percent levy on imports, initially set at 10 percent under temporary regulations, but markets have responded with little drama. Analysts suggest traders have grown accustomed to tariff announcements, limiting any immediate shock to equities.
While the headline policy shift is significant, experts argue the real concern lies elsewhere. Ongoing uncertainty around global trade policy and the potential for further measures is keeping investors cautious. Rather than reacting to the current rate, markets appear more focused on what could come next.
Inflation pressures also remain firmly on the radar, as higher import costs could feed into consumer prices over time. For now, however, the broader market landscape looks largely unchanged, with investors taking a wait-and-see approach.
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News
Savannah Guthrie family offers $1 million reward in search for missing mother
Savannah Guthrie’s family offers $1M reward for info on her missing mother, as FBI investigates suspect linked to DNA evidence.
Savannah Guthrie’s family offers $1M reward for info on her missing mother, as FBI investigates suspect linked to DNA evidence.
The family of US television host Savannah Guthrie is offering a staggering $1 million reward for information leading to the recovery of her missing mother, Nancy Guthrie. Nancy was last seen on January 31 after being dropped off at her home near Tucson, Arizona, before she was reported missing the following day.
Authorities, including the FBI, have been investigating the disappearance, previously raising the reward to $100,000 as the search intensified. Investigators have now obtained a DNA sample from a glove found near Nancy’s home, believed to be linked to a suspect captured in doorbell camera footage before her suspected abduction.
Savannah shared a heartbreaking message as the desperate search continues, with her family urging anyone with information to come forward. The case has gripped the nation as officials pursue every possible lead.
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News
Albanese evacuated from Lodge due to security threat
Anthony Albanese evacuated from The Lodge amid security threat, federal police conducting thorough search assures public safety
Anthony Albanese evacuated from The Lodge amid security threat, federal police conducting thorough search assures public safety
– Prime Minister Albanese was evacuated from The Lodge due to a security threat.
– Australian Federal Police confirmed no current threat to public safety.
Anthony Albanese has been evacuated from The Lodge in Canberra due to a security threat.Federal police relocated the Prime Minister to a secure location around 6 pm.
A comprehensive search of the protection establishment is ongoing.
The Australian Federal Police confirmed there is no current threat to public safety.
An Australian Federal Police spokesperson said they were alerted to an alleged security incident at the property, near Parliament House.
“A thorough search of a protection establishment was undertaken and nothing suspicious was located,” a statement said.
“There is no current threat to the community or public safety.
The scene at The Lodge. Photo Credit: Lexie Jeuniewic
“Further information will be provided at an appropriate time.”
This incident follows a recent event where a man was shot dead by Secret Service agents after breaching the perimeter of Donald Trump’s Mar-a-Lago estate in Florida, while Mr Trump and his wife Melania were in Washington.
Security Incident
Prime Minister Albanese’s evacuation highlights ongoing security concerns. Authorities are increasing vigilance in light of recent events involving high-profile figures.
Coordination between federal and local agencies remains crucial to ensure safety and security protocols are effectively executed.
Earlier in the day, Albanese recorded an hour-long interview with journalist Karl Stefanovic at The Lodge.
Last week, Mr Albanese urged Australians to “turn the temperature down” following a major defence event in Canberra that was disrupted by police-investigated incidents.
Hundreds of attendees at the ADM Congress were evacuated after a suspicious package was discovered. The bomb squad was then deployed to the scene.
During another address, a rock was thrown through a hotel window causing a scramble for the exits.
The evacuation of The Lodge comes amid heightened concerns about threats directed at elected officials across Australia.
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