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☆ CNBC's Inside India newsletter: India's growing wealth divide
▼ + stars: | 2024-11-15 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +9 min

The rise in India's income and wealth inequality is not a result of the poor getting poorer, Sumedha Dasgupta, senior analyst at the Economist Intelligence Unit (EIU) flags. India's income gap (which is the difference in wages earned between different demographic) comes alongside a worsening wealth divide too. Instead, the phenomenon comes as the "rich are getting much richer at a faster rate," she told CNBC's Inside India. India's 3 household groupsA more pressing issue brought on by India's wealth and income divide is the emergence of different categories of households with distinct standards of living. Unequal education opportunitiesThe EIU's Dasgupta attributes India's vicious wealth and income gap cycle in large part to mismatched education opportunities.

Persons: Knight Frank, Dasgupta, CNBC's, Shumita Deveshwar, Deveshwar Organizations: Economist Intelligence Unit, Blume Ventures, Oxfam, Private, Department of School Education, Global Commons Alliance, TS Lombard Locations: India, United States, Brazil, South Africa, Venture, Saharan Africa, Indian

☆ From Atlanta to San Francisco: These are the 10 best U.S. cities to live in based on culture, education, infrastructure and more
▼ + stars: | 2024-06-30 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

The Economist Intelligence Unit Global Liveability Index ranked the best cities to live in the U.S. for 2024. For the third year in a row, Vienna, Austria, ranked as the world's best city to live. The Hawaii city landed in the top spot because of its high scores in education, infrastructure, and stability compared to other U.S. cities. The 10 best cities to live in the U.S.Honolulu, Hawaii Atlanta, Ga. Pittsburgh, Penn. 29 on the global list, ahead of other major U.S. cities like New York, L.A., and San Francisco.

Organizations: Economist Intelligence, Economist Intelligence Unit, Health, U.S, Los Angeles, Honolulu, Swiet, CNBC, U.S ., Wash . Washington D.C, Ill Locations: U.S, Vienna, Austria, America , New York, Los, Honolulu, Hawaii, America's, States, U.S . Honolulu, Hawaii Atlanta, Ga, Pittsburgh, Penn, Seattle, Wash . Washington, Chicago, Boston, Mass, Miami, Fla, San Francisco, Calif . Minneapolis, Minn, Atlanta , Georgia, New York

☆ Here are the 10 most livable cities in the world — and Europe dominates the list
▼ + stars: | 2024-06-28 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +2 min

Vienna, Austria is the wrold's most "liveable" city, according to the Economist Intelligence Unit's 2024 Global Liveability Index. For the third year in a row, Vienna, the capital of Austria, is the world's most livable city, according to the Economist Intelligence Unit. "Declines in stability and infrastructure across a number of cities in advanced economies were offset by structural improvements in healthcare and education in several cities in developing markets." Here are the 10 most livable cities in the world, according to EIU. North America was the second best region, scoring an average of 90.5 out of 100, and ranking highest for education.

Persons: EIU Organizations: Economist Intelligence, Economist Intelligence Unit, Western Locations: Vienna, Austria, Copenhagen, Denmark, Zurich, Switzerland, EIU, Austria Copenhagen, Denmark Zurich, Switzerland Melbourne, Australia Calgary, Canada Geneva, Switzerland Sydney, Australia Vancouver, Canada Osaka, Japan Auckland, New Zealand, Asia, Pacific, Melbourne, Sydney, Osaka, Japan, Auckland , New Zealand, Vancouver, Toronto, Western Europe, North America, Canada

☆ Argentina’s 'anarcho capitalist' Milei meets with Sam Altman, Tim Cook and Sundar Pichai in a bid to spur investment
▼ + stars: | 2024-05-30 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Argentina's President Javier Milei waves during the commemoration of the 214th anniversary of the May Revolution that led to the independence from Spain, at Plaza San Martin in Cordoba, Argentina, on May 25, 2024. On his seventh overseas trip since taking office late last year, Argentina's Milei traveled to San Francisco late Monday and has since met with OpenAI CEO Sam Altman, Google's Sundar Pichai and Apple CEO Tim Cook. The right-wing leader, and self-described "anarcho capitalist," is scheduled to meet with Meta CEO Mark Zuckerberg before departing from the U.S. on Friday. On a separate trip to the U.S. last month, Milei met with tech billionaire Elon Musk at a Tesla electric car factory in Austin, Texas. The growth of AI data centres will also require significant energy and water resources, of which Argentina has in abundance."

Persons: Javier Milei, Diego Lima, Argentina's Milei, Sam Altman, Google's Sundar Pichai, Tim Cook, Mark Zuckerberg, Milei, Elon Musk, Nicolas Saldias, Saldias, Mariano Machado, Verisk Maplecroft, We're, " Machado, Javier Milei's, Luis Robayo Organizations: Plaza San, Afp, Getty, Apple, Meta, U.S, Analysts, America, Economist Intelligence Unit, CNBC, Americas, Verisk Locations: Spain, Plaza San Martin, Cordoba, Argentina, San Francisco, U.S, Austin , Texas, Olivos, Buenos Aires Province

☆ Biden is fighting Trump's tough tactics by calling for tripled tariffs on Chinese steel imports
▼ + stars: | 2024-04-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewUS President Joe Biden last week called for a tripling of tariffs on Chinese steel and aluminum imports, echoing former President Donald Trump's levies on a range of goods from China. Biden — who is the frontrunner for the Democratic Party's presidential nominee — said China's steel production was backed by state funds, which enable the commodity to be sold cheaply to the US. He wants to hike a key tariff on Chinese steel and aluminum from 7.5% to 25%. AdvertisementHowever, the US isn't a large Chinese steel importer. AdvertisementLin added that China's steel sector is geared toward meeting domestic demand and doesn't receive any export-oriented subsidies.

Persons: —, Joe Biden, Donald Trump's, Biden —, Trump, Chim Lee, Biden, Lin Jian, Lin, Janet Yellen, EIU's Lee Organizations: Service, Democratic, Business, Bloomberg, Economist Intelligence Locations: China, Beijing, Chile, Brazil

☆ Here are the best places in the world to do business
▼ + stars: | 2024-04-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Singapore, Denmark and U.S. are the best places in the world to conduct business, according to the Economist Intelligence Unit business environment ranking. "Singapore will remain the best geography in the world to do business, as it has for the past 16 years," EIU's Country Forecast Manager and Europe analyst, Prianthi Roy, told CNBC. Factors driving the Southeast Asian nation's place as a premier business destination is its political stability and the government's focus on helping domestic private-sector companies upgrade technologically, she said. The EIU's ranking assesses the attractiveness of doing business across 82 countries and territories, and is measured based on indicators such as inflation, cost of living, economic growth, and fiscal policies. The gauge also offers insights to which economies are better placed for growth than others, and an "effective way to identify where an uptick in investment spending may soon be coming," said EIU's analysts.

Persons: Prianthi Roy Organizations: Economist Intelligence Unit, CNBC Locations: Singapore, Denmark, U.S

☆ The global cities with the best quality of life show how dire the affordability crisis is
▼ + stars: | 2024-02-01 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

AdvertisementLiving in a global city with a high quality of life is increasingly reserved for the wealthiest. The world's most liveable cities — for the wealthyThe rising cost of housing, food, and other household goods is helping worsen the affordability crisis in these cities. Vienna, for example, has kept housing costs remarkably low through its generous social housing system. The average studio apartment in Zurich costs $1.1 million and the average home across the country costs $1.4 million, the Times reported. Like in many American cities, a severe housing shortage in cities like Zurich and Geneva is also contributing to rising home costs.

Persons: —, EIU Organizations: Service, Economist's Intelligence, The New York Times, Times, Swiss Locations: Zurich, Copenhagen, Vienna, Austria Copenhagen, Denmark Melbourne, Australia Sydney, Australia Vancouver, Canada Zurich, Switzerland Geneva, Switzerland, Calgary, Canada, —, Geneva, Singapore, New York, Hong Kong Los Angeles Paris, France Copenhagen, Tel Aviv, Israel, Vancouver, Sydney, Paris

☆ Economists fear major disruption if the Israel-Hamas conflict is not contained
▼ + stars: | 2023-10-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

ReutersAny possible escalation of the Israel-Hamas war poses a major risk to the global economy, driving up energy prices and disrupting key trade routes, economists have warned. Israel's subsequent bombardment of Gaza in a bid to eliminate Hamas has increased the risk of a spillover to the wider Middle East region. The events in recent days have deepened the greatest fear among economists, that the conflict engulfs the region and begins to pose a long-term threat to global energy and trade infrastructure. Back then oil prices gained 30% in a matter of two weeks before settling at around 15% above pre-war levels," said J. Safra Sarasin Equity Strategist Wolf von Rotberg. "You choke off those points and you create major disruption not just to oil prices, but the whole supply chain of the world for energy and other goods as well."

Persons: Israel's, Isaac Herzog, Pat Thaker, Thaker, Brent, J . Safra Sarasin, J, Wolf von Rotberg, Elijah Oliveros, Rosen, Oliveros, Paul Gruenwald, Gruenwald Organizations: Hamas, Reuters, Palestinian, Lebanese, Hezbollah, Economist Intelligence Unit, CNBC, Fed, ECB, West Texas, J ., Safra Sarasin Equity Locations: Israel, Palestinian, Gaza, Lebanon, East, Africa, Saudi, Ukraine, Europe, Iran, Tehran, Saudi Arabia, Suez, Persian, Hormuz, U.S, Chile, Turkey, Thailand, Philippines, India, Egypt

☆ Singapore’s birth rate is at a record low — but ‘throwing money’ at the problem won’t solve it
▼ + stars: | 2023-09-18 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

Mai Yo | Klaud9 | Getty ImagesSINGAPORE — Almost two decades ago, Loh and her husband made a decision not to have children. Singapore's birth rate hit a record low in 2022, after years of decline. "There is a sense of instability is dragging people further away from having children," Zheng told CNBC. Shrinking labor forceA declining birth rate, coupled with an aging population, will have repercussions on Singapore's labor force. "Having fewer children means you have a smaller workforce that can contribute to the economy.

Persons: Mai Yo, Loh, Jaya Dass, " Dass, Wen Wei Tan, EIU's Tan, Tan, Mu Zheng, Zheng, Tan Poh Lin, Lee, Carlina, Dass Organizations: Institute of Policy Studies, Getty, SINGAPORE, CNBC, Singapore Department of Statistics, Ranstad's, Women, Getty Images Government, Economist Intelligence Unit, EIU, National University of Singapore, Lee Kuan Yew, of Public Locations: Singapore, Jaya, Jaya Dass Asia, Pacific, Covid, Ranstad's Asia, —, New York City, Singapore's

☆ Hollywood's janitors swept out of jobs by dual strikes
▼ + stars: | 2023-09-14 | by ( Jorge Garcia | ) www.reuters.com time to read: +3 min

"You start to think your savings are not great, your medication is expensive, and other expenses to cover are difficult," said Cendejas, 43. Janitors - like caterers, carpenters and costume workers and other Hollywood trades - have been swept up in the economic downturn that has come with the so-called "hot labor summer" in Hollywood. Cendejas hopes the strikes will end soon, but she is not encouraged by what she has seen. While recovering from her surgery, she embroiders handmade napkins to sell and bring in some income for her home. [1/3]Former Hollywood studio janitor Yolanda Cendejas, 43, embroiders handmade napkins for extra income after being laid off due to the Hollywood strikes, in Los Angeles, California, U.S. September 6, 2023.

Persons: Yolanda Cendejas, Cendejas, Jorge Garcia, Karla Chavez, David Huerta, Huerta, Mary Milliken, Rosalba O'Brien Organizations: Hollywood, Los, REUTERS, Service Employees International Union, SEIU, Writers Guild of America, SAG, SEIU's United Service Workers, Netflix, Thomson Locations: Los Angeles, Mexico, Hollywood, Los Angeles , California, U.S

☆ Thailand's Parliament is about to pick a new prime minister — and a generation's hopes are at stake
▼ + stars: | 2023-07-12 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

Move Forward Party leader and prime ministerial candidate Pita Limjaroenrat addresses supporters ahead of the July 13 parliamentary vote to elect Thailand's next prime minister, in front of Central World in Bangkok on July 9, 2023. The installation of Wan Noor as a compromise candidate after second-placed party Pheu Thai had objected to Move Forward's choice, was just the beginning. "It puts the Pheu Thai Party in an advantageous position if Mr Pita fails to get sufficient votes from the senators to back him as prime minister." Limjaroenrat needs 376 votes to become prime minister. Pictured in this May 18 photograph are (from left) Sudarat Keyuraphan, leader of the Thai Sang Thai Party; Pita Limjaroenrat, prime minister candidate and leader of the Move Forward Party; and Cholnan Srikaew, leader of Pheu Thai Party.

Persons: Pita Limjaroenrat, Thailand's, Tananchai, Wan, —, Party —, Limjaroenrat —, Prayut Chan, Wan Noor, Thai, Mr Wan, Syetarn Hansakul, Mr Pita, it's, Sudarat Keyuraphan, Cholnan Srikaew, Forward's, King Maha Vajiralongkorn, Prapanth Koonmee, Nomura, EIU's, Limjaroenrat, Napon Jatusripitak, ISEAS, Thitinan Pongsudhirak, Thaksin Shinawatra, — he's, Pheu, Thaksin, He's, he's, Pavin Chachavalpongpun Organizations: Forward Party, Afp, Getty, Thailand's, Representatives, Party, Harvard, Thai Party, Economist Intelligence Unit, National Assembly, Thai Sang, Pheu Thai Party, Limjaroenrat's, ISEAS Yusof, Institute, Chulalongkorn University, CNBC, Prachachat Party, Kyoto University's Center, Southeast Asian Studies, Thai Lawyers for Human Locations: Bangkok, Thai, Thai Sang Thai, Thailand, Singapore, Thai Rak Thai

☆ America keeps missing out on topping a list of the world's most liveable cities to Canada, Europe, and Australia
▼ + stars: | 2023-07-01 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Melbourne has topped the list seven times so far, but Vienna has come first for the past two years. Instead, the ranking has been dominated by cities in Europe, Australia, and Canada. Last year, when two cities were tied for both third and 10th place, the list consisted of six cities in Europe, three in Canada, and one each in Japan and Australia. In creating the list, the EIU looked at 173 cities across the world. Since the EIU started the ranking in 2009, Melbourne, Australia, has topped the list seven times.

Persons: —, –, isn't, San Diego – Organizations: Economist Intelligence, Service, New Zealand, Commonwealth Fund Locations: Melbourne, Vienna, Austria, Honolulu, Europe, Australia, Canada, Japan, New, Auckland , New Zealand, California, Los Angeles, San, San Francisco, New York City, Auckland, Vancouver

☆ Vienna is the world's most livable city — again. Here are the other top spots
▼ + stars: | 2023-06-22 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

Austria's Vienna has come up on top again as the best city to live in globally, according to a report by the Economist Intelligence Unit (EIU). Austria's Vienna has come up top again as the best city to live in globally, according to a report by the Economist Intelligence Unit (EIU). Copenhagen also retains its position as the second most livable city in the world, while Australian cities Sydney and Melbourne broke into the top five. Hong Kong also moved 13 places up the rank to 61st most livable city in the world. Decline in stability scoresWhile health-care, education, infrastructure, culture and entertainment scores saw improvements in the past year, stability saw a "marginal decline," said the EIU.

Persons: New Zealand's Wellington, CNBC's, EIU Organizations: Austria's, Economist Intelligence Unit, Melbourne, Germany's Locations: Austria's Vienna, Copenhagen, Sydney, Vienna, Austria, Denmark, Melbourne, Australia, Vancouver, Canada, Zurich, Switzerland, Calgary, Geneva, Toronto, Osaka, Japan, Auckland, New Zealand, Asia, Pacific, New Zealand's, Hong Kong, Western Europe, Germany's Frankfurt

☆ Meet a millennial who moved from Turkey to the Netherlands for better job opportunities: 'At least I can go and earn some money when I am still young'
▼ + stars: | 2023-06-04 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Bengisu Yildiz, 30, moved from Turkey to the Netherlands last year. Her first job in the Netherlands wasn't a great match, but Yildiz found a new job where she's happy. Bengisu Yildiz, 30, decided to move from Turkey to the Netherlands last year, in part to experience a new lifestyle — and in part for a new job opportunity. Yildiz shared with Insider what her job is like on a hybrid schedule, her future goals, and what she misses about Turkey. "Maybe I can open an urban farm there to facilitate some job opportunities for young people like me who are interested with the topic," she said.

Persons: Bengisu Yildiz, Yildiz, —, Turkey, Netherlands Yildiz, wasn't, she's, Turkey Yildiz, I'm Organizations: Service, Amsterdam Locations: Turkey, Netherlands, Istanbul, Europe, Amsterdam, London

☆ Economic fears to cap oil prices below $90 through 2023 - Reuters poll
▼ + stars: | 2023-05-31 | by ( Kavya Guduru | ) www.reuters.com time to read: +2 min

A survey of 43 economists and analysts forecast Brent crude would average $84.73 a barrel in 2023, down from the $87.1 consensus in April and current levels of around $73. Most analysts expect oil to trade around the $80-level per barrel this year, with data and analytics firm Kpler noting that "macroeconomic concerns are a major driver of crude prices this year, overshadowing relatively tight fundamentals." West Texas Intermediate (WTI) U.S. crude is expected to average $79.20 a barrel in 2023, down from the previous month's $82.23 consensus. "Even if OPEC+ does not cut in June, the threat of production cuts will remain as long as oil remains significantly below $80 per barrel," EIU'S Sherwood said. OPEC+ surprised the market in April with output cuts that briefly drove up oil prices.

Persons: Brent, Matthew Sherwood, Suvro, EIU'S Sherwood, Kavya Guduru, Noah Browning, Barbara Lewis Organizations: bbl, West Texas, Organization of, Petroleum, DBS Bank, Thomson Locations: OPEC, U.S, Russia, Vienna, Bengaluru

☆ Thailand election: Campaign freebies may be a 'band-aid solution' with fiscal risks
▼ + stars: | 2023-05-09 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +6 min

A Thai protester with a sign calling for equal workers' rights and a fair election at a Labor Day rally in Bangkok in 2023. Experts widely agree that pro-democracy groups are expected to perform strongly in light of deep-seated discontent with the current military-affiliated administration. Contenders can be divided into two categories: parties that support the pro-military establishment and a pro-democracy camp of opposition factions. Few details have been provided about funding, worrying economists who say those policies would weigh on already stretched public finances after significant fiscal support during the pandemic. Only the Move Forward party has campaigned on changing the defamation law, while Pheu Thai previously said it will consider discussing it in Parliament.

☆ 'It's not a pretty picture': Russia's support is growing in the developing world
▼ + stars: | 2023-03-30 | by ( Elliot Smith | ) www.cnbc.com time to read: +8 min

Chinese President Xi Jinping met with Russian President Vladimir Putin in Moscow earlier this month and the two leaders vowed to deepen economic ties. watch nowWhile South Africa caused controversy in February by holding joint military drills with Russia and China on the anniversary of the invasion of Ukraine. The EIU said the number of neutral countries rose from 32 to 35, now representing almost 31% of the global population. However, this bloc also represents just under 68% of global GDP, highlighting an emerging disconnect between wealthy Western economies and the Global South. Countering organized Russian propaganda first requires acknowledging the problem, and building awareness about the aims and effectiveness of sanctions, she said.

☆ China fell in EIU's democracy index partly because of its Covid restrictions, analyst says
▼ + stars: | 2023-02-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina fell in EIU's democracy index partly because of its Covid restrictions, analyst saysFei Xue of the Economist Intelligence Unit says the country has been a laggard in terms of lifting Covid restrictions on social and economic life.

☆ Singapore and New York are the most expensive cities to live in, EIU says
▼ + stars: | 2022-12-02 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +5 min

New York City, along with Singapore, is the most expensive city to live in, according to the Economist Intelligence Unit. Alexander Spatari | Moment | Getty ImagesSingapore has once again been ranked as the most expensive city to live in, sharing the top spot with New York City this year, according to the Economist Intelligence Unit (EIU). San Francisco — which did not make the top 10 last year — is now the eighth most expensive city to live in. Japan's Osaka is the 43rd most expensive city to live in, a big drop from its 10th position in 2021. Japan's Osaka is the 43rd most expensive city to live in, according to the Economist Intelligence Unit.

☆ 'Path to oblivion': Ukraine military gains could deepen Russia's economic problems
▼ + stars: | 2022-09-21 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

Foreign Ministry Of Uzbekistan | via ReutersUkraine's counteroffensive, which has seen vast swathes of Russian-occupied territory get recaptured, could be compounding Russia's economic troubles, as international sanctions continue to hammer its fortunes. Holger Schmieding, chief economist at Berenberg, said the recently Ukrainian military gains could hit Russia's economy hard. "Even more so than before, the Russian economy looks set to descend into a gradually deepening recession," Schmieding said in a note last week. Statistics are scarce on the true state of the Russian economy, with the Kremlin keeping its cards relatively close to its chest. She added that the Kremlin had "put Russia's economy on that path to oblivion" and vowed that sanctions were "here to stay."

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