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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

World

Tonga welcomes more foreign aid as recovery continues

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Aid is trickling into Tonga from around the world, as more governments deploy ships and flights to the island nation following the massive tsunami on Saturday

The underwater volcano explosion triggered tsunami waves across the Pacific, claiming the lives of at least three people in Tonga.

The wild weather event caused significant damage and crippled communications – the true extent of the damage is still unknown.

A New Zealand vessel which is expected to arrive on Friday is the first major supply ship to pending to dock.

The captain of the HMNZS Aotearoa had earlier told ticker NEWS partner Reuters that the ship was carrying 250,000 litres of water, along with other supplies. The UN says clean water supplies are the top priority for the Pacific nation.

Australia has also deployed its largest ship, the HMAS Adelaide.

The vessel set sail bound for Tonga on Friday. The ship can carry helicopters which can be deployed from the ship to bring supplies to Tonga’s smaller outer islands.

That vessel is due to arrive mid-next week.

The UK also announced on Friday it was also redeploying its HMS Spey to the Tongan response and had sent aid supplies ahead with the Australian ship.

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World

17 dead after immense explosion rocks western Ghana

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17 people have died in Western Ghana after a truck carrying mining explosives collided with a motorcycle sparking an explosion

The explosion has left hundreds of buildings destroyed, many feared to be trapped among the rubble.

The accident happened around midday, near the mining city of Bogoso, 300km west of the West African country’s capital of Accra.

The exact number of casualties so far stands at 17, with authorities on the ground confirming another 59 are in hospital.

However, the head of the Prestea Huni-Valley municipal government where the explosion took place, Isaac Dsamani, told local media that officials had counted “about 17 dead bodies” so far.

According to reports, at least 57 who were injured had been taken to local hospitals.

More than 500 buildings have been destroyed.

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Ivanka Trump to be investigated

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The US House select committee investigating the January 6 Capitol riots is now requesting to speak with Ivanka Trump

Ivanka is Donald Trump’s daughter and was a senior White House advisor during the insurrection.

The request marks a major step forward in the investigation, as the panel closes in on the former president and his inner circle.

The committee publicly released a letter addressed to Ivanka… seeking “voluntary cooperation”.

The letter also includes testimony regarding Trump’s efforts to pressure former Vice President Mike Pence on the morning of the attack.

A spokesperson for Ivanka Trump has refused to respond as to whether the former president’s daughter will cooperate.

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