Karen Ward News
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A global consumer revolution is set to take off amid an unprecedented expansion of the middle class.
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Russia’s middle class will double to 60 percent of the population by 2050, benefiting hotels and restaurants, according to a report by HSBC Holdings Plc.
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As the Tunisian dictator Zine el Abidine Ben Ali discovered in January, there is no surer route to political oblivion than to deny people access to affordable food.
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Trading more online could help boost global economic growth, according to a paper published this week by the Centre for Economic Policy Research.
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The size of the world economy will triple over the next four decades as emerging-market economies wield increasing power, HSBC Holdings Plc said.
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Bank of England official Simon Wells, who led a team analyzing British economic data, resigned to join HSBC Holdings Plc, two people with knowledge of the matter said.
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Investors are betting with Ben S. Bernanke that surging food and energy prices won’t accelerate U.S. inflation, allowing him to maintain easy money.
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European governments are running into initial resistance as they seek to use this week’s Group of 20 summit to turn early praise for their revamped crisis- fighting strategy into financial support.
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Wheat may be the best-performing agricultural commodity in the second half as lower shipments from the Black Sea region create “ripple effects” that support prices, Barclays Capital said.
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European leaders bolstered their crisis-fighting toolbox with a plan that may generate only limited relief for stressed sovereigns unless it can be fleshed- out within weeks.
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