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[Alan Pritchard]

Indeed there is: the Global Gazetteer. A database of some 3.6 million 
populated places with lat/long and i.a. information on time zone and DST.

Best wishes
Alan Pritchard
The GLOBAL GAZETTEER: the world on file
http://www.allm-geodata.com
Tel: +44 (0) 1202 417 477
> 
> A common Latitudes and longitude co-ordinate reference point  to be 
> used for
> cities (which area geographic areas-polygons) are usually established 
> by the
> "National Atlas, toponomy commissions, etc. within each country for that
> country. I do not know whether or not their is a single world wide 
> database
> which has this information.
> 
> Jake Knoppers