Singapore named world's most expensive city for a fifth year runningMarch 16, 2018 - 11:07 AMT PanARMENIAN.Net - Singapore holds onto the title of the most expensive city in the world for a remarkable fifth year running, according to The Economist's Worldwide Cost of Living Survey 2018. The report compares more than 400 individual prices across over 150 products and services to provide a ranking of the world’s largest cities. Following Singapure in the list are 10 most expensive cities in the world: Paris (France), Zürich (Switzerland), Hong Kong SAR (China), Oslo (Norway), Geneva (Switzerland), Seoul (South Korea), Copenhagen (Denmark), Tel Aviv (Israel) and Sydney (Australia). Meanwhile, New York has moved four places down the ranking to 13th position owing to a weakening of the US dollar in 2017, which has also affected the position of other US cities. This, however, still represents a comparatively sharp increase in the relative cost of living compared with five years ago, when New York was ranked 27th. To determine which cities are costliest, The Economist compared the prices of basic commodities — like the cost of a loaf of bread, bottle of wine, pack of 20 cigarettes, or liter of gasoline — in each. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |