cities on the planet here are the top ten take a look now three cities joined at the top that is singapore paris and hong kong living in the european cities zurich geneva and copenhagen also cost you an arm and a leg the super expensive cities in asia include or soccer in japan and south korea's capital seoul u.s. cities new york and los angeles as well as tel aviv in israel also make the cut but what about african cities none of them are in the top ten but that doesn't mean that they aren't getting more expensive to one of the biggest movers up the ranks is kenya's capital nairobi it comes in at number sixty four in the world and that makes it the most expensive city in africa so what's behind these trends and should we what should we make of this kind of ranking anyway let's bring in four more joy in nairobi joy good to have you with us first of all how are these rankings even worked out what factors did the study's authors consider. well when i rule b. i think and the rest of the line i guess the used about fifty thousand individual prices of various goods and services and those include you k

economist intelligence unit revealing the world's moes expensive cities in its annual survey singapore, paris tied for number one spot first time in the survey's history three cities shared the title. bottom of the list caracas, damascus and a couple of points from this, one a little surprised paris at the top france's economy not going that well very different tax position to the companies there, cities it's joined up with singapore and hong kong. london not in the top ten. >> really? >> i would have guessed new york, london, tokyo. >> tokyo not in the top ten and osaka was. seoul is single most expensive loaf of bread, $15 >> wow. >> that's a -- >> new york is benchmark that's what i liked about the survey how others cities are relative to new york. >> surprising. >> london out of the top ten and not that surprising. >> are there - >> i don't know. anyway, all interesting reading. >> pound is weaker so maybe there's something there. >>> glossier hitting a $1 billion valuation following the lartdest round of funding with $100 million from investors with sequoia capital leading the way. smart

singapore, paris, and hong kong tied for the world's most expensive cities. managers on notice. theresa may plans to seek a longer extension. taylor: in the u.s., all eyes on the fomc. they are expected to hold rates. inflation likely will be at the heart of the fed's policy review. is rushdiscuss all this patel and edmund shing. viraj patelatel -- and edmund shing. is there anything tomorrow that you hear from the fed that will change your call on dollar? viraj: for us, when we look at the fomc and hear the message from jerome powell, we expect marginal rate hikes going forward to be a function of confidence in the global economy, and that renders u.s. as passive in the dollar category. cycle, stage in the interest rates -- what we are really watching out for is the 2020 and 2021 dots. that will confirm or reaffirm investor expectations that this is the peak of the u.s. interest rate cycle. taylor: you also talked about the peak of the u.s. interest rate cycle and the late cycle we are in. some of the calls on inflation will be big what we hear from the fed.

for the past five years singapore has been a top the list all by itself but now you have singapore hong kong and paris they are now all tied for first place on this on this very unique very important list you also have number four geneva. all copenhagen and new york they're tied for seventh tel aviv in los angeles check in tied at number ten interesting late new york was thirteen last year l.a. was fourteen so they're back in the top ten but five years ago bart they were tied for thirty ninth place which i couldn't believe but that's that that's what they were five just five years ago so and it's interesting european cities have high household costs asian cities believe it or not have very high grocery costs and in the u.s. it's domestic help in utilities that drive the costs up to to make it hard to live in these cities i was surprised because you know they terribly talked about london real estate being so high a few years ago and i just spoke with somebody you know we did a lot of work in hong kong recently and a thousand square foot place was running for twenty five thousand dollars a month in cent

this year it's between singapore, hong kong and paris. the priciest city in the u.s., no surprise here, is new york but it ranks seventh worldwide. los angeles came in tenth and san francisco didn't even make the top 20, janai. >> that is impressive that san francisco didn't make the top 20. new york making it is absolutely no surprise, as you said. you guys are doing pretty well down there in texas. >> we try to do what we can, and we pay you in sunshine as well. >> oh, my gosh. we're just going for broke up here. >>> coming up, a cow makes a run for it down a new york city highway. >>> also ahead, the increasing chaos and violence on spring break in miami. that city announcing new steps to control the crowds. >>> and also the astounding $430 million contract for one baseball player. why this deal is considered a major league bargain. oh! oh! oh! ♪ ozempic®! ♪ (announcer) people with type 2 diabetes are excited about the potential of once-weekly ozempic®. in a study with ozempic®, a majority of adults lowered their blood sugar and reache

the cost of living in relative terms in singapore has been coming down and not only has a hong kong come up to be equal but also pariscost of living. singapore has come down a little bit because of the weaker singapore dollar. also with the introduction of competition in the utilities market, things like electricity are trending downwards. in hong kong the prices for cars, fuel, eck at and cigarettes have gone up by more than in singapore. when a look at this survey, it looks like currency plays a big role, in places like japan, australia and others. cities in australia and new zealand have gotten cheaper because of the currency. it does not affect the price of internationally traded goods because that even the hour. in china or malaysia, where the currency has gone down, the cost of living is not necessarily follow. a trend was emerging cities in south east asia, outside singapore, where kuala lumpur raised ten places despite the weakening of its currency. anyone living in a big city knows how bad congestion can get. from mumbai to new york city, traffic jams are get. from mumbai to new york city, trafficjams are pa

. >> paris is tied for number one with hong kong and singapore. cost of personal care, recreation and entertainment are high -- a woman's haircut will cost you just over 100 euros, ,wice the price of osaka japan. macdonald: so, the argument goes that young aussies are spending way too much money on expensive avocado on toast and that's why we can't afford to buy a house. but in truth, we all know it is much more complicated than that. whether you're young or old, retired or working, borrowing for the first time or already up to your ears in debt, that old australian dream of owning your own home now seems harder to achieve than ever. don't even bother turning up here unless you've got a couple of spare million rattling around in your pocket. but the point is, australia is not alone. we're now part of a global phenomenon, where housing affordability is reaching crisis point. so, tonight, we're taking you on a journey, a global journey in search of some solutions.

paris is the most expensive alongside hong kong and singapore. that could be blackpool!k at why they are more expensive and the difference between them and where london ranks. i was looking at this earlier and looking at why so many people leave london to live elsewhere. your‘re watching business live. our top story: the speaker of the house of commons has blocked a possible third vote in theresa may's brexiteer. it creates uncertainty for businesses both large and small. we could get more developments on what happens next. a quick look at how the markets are faring. the uncertainty leaving investors treading water. they are waiting to see the signals they get from the us central bank, which gives details on its interest rate decisions and how quickly it will raise rates in the coming year. that is due out on wednesday. if you're thinking of splashing the cash when buying a newjumperorscarf — it doesn't get much more luxurious than cashmere. the global market for cashmere knitwear is growing at almost 4% a year — and it's expected to be worth more than $3—billion by 2022

singapore and india are looking into the idea. to that leaves the pressure on it the cd and go see asians at paris to tie disparate national efforts into a global agreement. something fronts folks could be the case by next year. the oecd has once again it slashed its grorowth outlook f r major european economies in itis latest forecast the e economic policy organization predicted it significantly lower growth for the eurozone france. germany andnd the u. k. for next year it blames policy uncertainty over issues like president trade that gloomier outlook. from three fours in speaking t o the oecd's chihief economist los boonone about what it means for the u. k. in particular. we've revised down no protection fofor the u. k.. which is now supposed to add to thee to a bit less than 1%. and it's sad you to some extend to the brakes eaten the impact it has on on investment as we were mentioning. with abuse the the u. k. ease and o on the e economy and the tool so being dragged down. by the uncertainty created and to some extent the s slowdown in china which is another one of our concerns. you can see more of that interview and a more i

new york, paris, milan — now the fashion world is watching shanghai, as designers try to crack the lucrative chinese market. it is 7:00am in the morning in singapore midnight in london, where british mps are once again getting ready to vote on alternatives to theresa may's brexit deal. the prime minister has been urged not to ignore them if they back a softer brexit later. mrs may's deal has already been rejected three times. here is our political correspondent iain watson. chanting: shame on you! the original brexit day has been and gone, and the protests carry on. chanting: give us all a final say! this week, crucial decisions will have to be taken if mps are to avoid leaving with no deal by the new deadline of 12 april. tomorrow, parliament will debate alternatives to the prime minister's proposals. and this cabinet minister made it clear he could live with a closer relationship to the eu, if that's what mps want. if parliament is voting overwhelmingly against leaving the european union without a deal, but is voting in favour of a softer brexit, then i don't think it's sustainable to say, well, we'll ignore parliament's position and therefore l

and it appears that singapore, paris and hong kong are the world's most expensive cities. the top. the survey also looks at the cheapest places in the world — caracas, venezuala is top of the list. a p pa re ntly apparently they did this to calculate the cost of living expenses for expats and business travellers, i'm wondering if i can claim four years of backdated expenses, probably not. anyway, it co m pa res expenses, probably not. anyway, it compares 133 cities, and the benchmark, apparently, is new york. but i'm not sure convinced about this, because i was looking at the cost of beer. it says the cost of beerin cost of beer. it says the cost of beer in new york is $3 33, and our friends were saying he could give us $3 if we could show him a borrower that was the cost. it says $2 for a beerin that was the cost. it says $2 for a beer in paris, i don't know where they're getting their prices from! and london is 20 seconds on the list! they say it's a dog's life — so how about a dog museum? i took my own four—legged freind to new york to find out more. within 25 years, en