Tue, Jun 27, 2017 | updated 12:40 AM IST

London 'cheaper than New York' following pound's Brexit plunge

Updated: Mar 21, 2017 17:39 IST      
London 'cheaper than New York' following pound's Brexit plunge

London [U.K.], Mar. 21 (ANI): With the Brexit-inspired 15 percent fall in the value of sterling since the EU referendum last year, London has become one of the cheapest of the world's major global centres.

The city's cost of living has fallen behind that of New York, Paris and Tokyo to its lowest level for two decades, reports The Guardian.

London's tumble down the Economist Intelligence Unit (EIU) world rankings has made prices in London much cheaper for foreign visitors, although not for local residents who earn their incomes in sterling.

"While the declines mean that British cities are cheaper compared to their international peers, the rise in import prices caused by the weak pound will mean that locals won't see their own shopping baskets falling in price. In fact, the opposite is likely to be true and, while U.K. cities fell down the ranking local prices for the basket of goods surveyed have begun to creep back up," the EIU said.

The world's most expensive city is Singapore, where average prices are 20 percent higher than in New York and one-third more than in London.

Sydney, Melbourne, Auckland and Wellington feature in the world's top 20 most expensive cities and each of them are pricier than London.

Almaty in Kazakhstan has been recognised as the cheapest city in the world, despite the galloping inflation in the country.

The EIU compares more than 400 individual prices across 160 products and services, including food, drink, clothing, rents, transport and utility bills. Prices are converted into US dollars, with each city ranked above or below New York. (ANI)

Washington DC [United States] June 27 (ANI): Pakistan is the United States' 'frenemy' and not an ally in war on terror, said a United States security expert on Monday.

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Washington D.C. [USA], June 27 (ANI): Washington's decision to designate Hizbul Mujahideen Chief Syed Salahuddin as a global terrorist shows that the United Sates recognises that India is a victim of terrorism, said a senior political scientist here.

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Washington D.C. [USA], June 26 (ANI): Speaking ahead of the meeting between Prime Minister Narendra Modi and U.S. President Donald Trump here on Monday, former Pakistan ambassador to Washington Hussain Haqqani expressed hope that with closer India-U.S. ties, Islamabad would also change its policies towards terror groups.

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New Delhi [India], June 26 (ANI): Prime Minister Narendra Modi in his meeting with Secretary of State United States of America Rex W. Tillerson and Secretary of Defence Corps General James Mattis discussed ways to counter terrorism effectively.

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Washington D.C. [USA], June 26 (ANI): India on Monday welcomed Washington's decision to designate Hizbul Chief Mohammad Yusuf Shah, also known as Syed Salahuddin, as a 'Specially Designated Global Terrorist.'

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Washington DC [U.S.A.], June 26 (ANI): With Prime Minister Narendra Modi all set to meet US President Donald Trump today, Senior Associate for South Asia at the Woodrow Wilson Center, Michael Kugelman said that counter-terrorism is a major area of co-operation between the two countries, and the war against Islamic terrorism is bound to bring both nations together.

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Washington D.C. [U.S.], June. 26 (ANI): In a major vindication for India and embarrassment for Pakistan, the U.S. Department of State on Monday designated Hizbul Chief Mohammad Yusuf Shah, also known as Syed Salahuddin, as a 'Specially Designated Global Terrorist'.

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Washington D.C.: PM Modi meets US State Secy and Defense Secy

Updated: Jun 26, 2017 22:06 IST     

Washington D.C. [USA], June 26 (ANI): Ahead of his meeting with U.S. President Donald Trump, Indian Prime Minister Narendra Modi held talks with Secretary of State Rex Tillerson and U.S. Defense Secretary James Mattis.

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Washington D.C. [USA], June 26 (ANI): Director of India Initiative at Hudson Institute Dr. Aparna Pande has said that closer ties between India and U.S. will surely send a strong message to China and especially Pakistan, who would come under pressure to take action against terror groups enjoying safe haven in the country.

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Washington D.C. [USA], June 26 (ANI): The U.S. Supreme Court on Monday permitted the Trump administration to partially reinstate the travel ban which would affect people from Iran, Libya, Somalia, Sudan, Syria and Yemen.

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New Delhi [India], June 26 (ANI): U.S. President Donald Trump has alleged that the former administration failed to take action against Russia for election meddling, as it was confident of Hillary Clinton's win.

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PM Modi, President Trump to meet at White House 1.20 a.m. IST

Updated: Jun 26, 2017 18:12 IST     

Washington [United States], June 26 (ANI): Prime Minister Narendra Modi and U.S. President Donald Trump will have a one-on-one meeting in the Oval Office of the White House for 20-minutes between 3.50 p.m. and 4.10 p.m. (EST) (that is tentatively between 1.20 a.m. and 1.40 a.m.IST on Tuesday June 27).

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Washington D.C. [USA], June 26 (ANI): Prime Minister Narendra Modi, in an opinion piece published in Wall Street Journal, has said that India and United States share the determination to defeat the scourge of terrorism.

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Pakistan celebrates two Eids

Updated: Jun 26, 2017 17:02 IST     

Islamabad [Pakistan] June 26, (ANI) : People in Pakistan celebrated two Eids. The Central-Ruet-i-Hilal committee announced that Eid will be celebrated across Pakistan on Monday.

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Bangladesh marks Eid ul-Fitr

Updated: Jun 26, 2017 16:32 IST     

Dhaka [Bangladesh] June 26,(ANI) : People in Bangladesh celebrated Eid-ul-Fitr, the biggest religious festival of the Muslims, across the country on Monday.

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Indo-Nepal border sealed due to local polls

Updated: Jun 26, 2017 16:29 IST     

Kathmandu [Nepal], June 26 (ANI): The India-Nepal border was sealed for three days beginning Monday ahead of the second phase of local level election scheduled to take place on June 28.

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London [U.K.], June 26 (ANI): At least six people, including three children were injured after a car crashed into a crowd of Muslims, who were leaving Eid prayers outside a sports centre in England's New Castle.

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Nepal marks Eid-ul-Fitr with hope for betterment in coming days

Updated: Jun 26, 2017 15:46 IST      By: Binod Prasad Adhikari

Kathmandu [Nepal]. June 26 (ANI): Muslims in Nepal on Monday marked the end of a month long fasting with the celebration of Eid-ul-Fitr with hopes of betterment in coming days.

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Kathmandu [Nepal], June 26 (ANI): Nepali chartered accountants graduating from India will not be granted licenses to practice back home after mid-July 2018.

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London: Mansfield Road apartments fire under control

Updated: Jun 26, 2017 14:42 IST     

London [UK], June 26 (ANI): A massive fire which erupted at the Mansfield Road apartments on Sunday night is now under control, the London Fire Brigade said.

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