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The world’s most liveable cities in 2023 - The Economist   

LIVING CONDITIONS in cities across the world have fully recovered from the deterioration caused by the covid-19 pandemic, EIU’s latest liveability index shows. It rates living conditions in 173 cities across five categories: stability, health care, culture and environment, education and infrastructure. Cities in the Asia-Pacific region have rebounded the most. The index also suggests that life in cities is a bit better than at any time in the past 15 years. Our charts below show which cities topped the ranking.

The liveability survey was designed to help companies calculate hardship allowances for staff who were moving to a new—and possibly less tolerable—city. As a by-product, it also provides a snapshot of the most, and least, desirable cities to live in, at least if you’re an expat. Vienna, with its excellent mix of stability, culture and entertainment, and reliable infrastructure, tops the ranking for the fourth time in five years. Copenhagen, a similarly sized city with many of the same characteristics, is second. Melbourne, a fixture at the top of the ranking in the past, comes in third. In all, nine of the top ten cities are small to mid-sized; all ten, and indeed most of the top 50, are in rich countries. Big cities with high levels of crime, congestion and density tend to fare less well. London—down 12 places from a year ago—comes in 46th and New York is down ten spots to 69th.

Wellington and Auckland have climbed 35 and 25 places compared with a year ago; Hanoi is up 20 and Kuala Lumpur jumped 19 positions. Post-pandemic improvements in education and health-care scores across Asia, Africa and the Middle East were the main reasons for this year’s rise in living standards.

Continued here




Paris and Berlin compromise on reform of the electricity market - The Economist   

When Emmanuel Macron and Olaf Scholz met for a couple of days of talks along with their top ministers in Hamburg earlier this month, the French president and the German chancellor tried to present a united front. They munched Fischbrötchen (fish sandwiches) with their wives and took a tour of Hamburg harbour. The two-day meeting was meant to reset the most important bilateral relationship within the EU, one that had become increasingly troubled owing to a host of acrimonious disagreements on defence, EU budget rules and energy policies.

The visit seemed to go well. The tandem even made progress on perhaps the most tricky dossier, a reform of the EU electricity market that is meant to ease the burden of price spikes for European households and businesses and to bolster Europe’s competitiveness against America and China. Yet behind the scenes France and Germany continued to argue. That went on until the very day of a meeting of EU energy ministers on October 17th. And even though they managed to strike a compromise, there is plenty of bad blood. Paris sees the deal as a French victory; the Germans insist that their views largely prevailed.

The core of the row is over how EU members can subsidise their industries in the face of the hefty increases in energy prices that followed Russia’s invasion of Ukraine. France wants to extend to all its 56 nuclear power plants instruments called “contracts for difference” (CfD). These are guarantees issued by the government that oblige it to stump up for the difference if market prices turn out lower than an agreed “strike price”, but let it pocket the extra if the market price is higher. Berlin wants cfds to be an incentive for investment in renewable energy that should be applied only to new plants. It worries that their use for France’s nuclear fleet will deter investment in renewables.

Continued here





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