A global consumer revolution is set to take off amid an unprecedented expansion of the middle class.
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.
The size of the world economy will triple over the next four decades as emerging-market economies wield increasing power, HSBC Holdings Plc said.
Thirty-five years ago this month, a U.K. central banker by the name of Peter Cooke was worrying about a surge in lending to developing countries.
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.
The era of easy money is shaping up to keep going into 2014.
"The global economy was losing momentum and disinflation was building, meaning pricing power was being lost, before anything started to happen in the oil market."
- Karen Ward on Jan 08, 2015