A global consumer revolution is set to take off amid an unprecedented expansion of the middle class.
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.
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.
Trading more online could help boost global economic growth, according to a paper published this week by the Centre for Economic Policy Research.
The size of the world economy will triple over the next four decades as emerging-market economies wield increasing power, HSBC Holdings Plc said.
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.
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.
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.
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.
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.