Strong and sustained global growth has enabled living standards throughout most of the world to converge on an upward course. Even throughout Africa, the world’s poorest continent, there have been drastic improvements in health, education and governance. Countries such as Ethiopia and Tanzania are seeing the start of industrialisation. Yet a few parts of the world remain mired in desperate ...

It was probably inevitable that we would have a “retirement crisis” as hordes of baby boomers (people born between 1946 and 1964) sprint and stumble into their “golden years.” But it’s a fake crisis, even though it’s already becoming a staple of journalism and politics. It presumes that most Americans can’t afford to retire comfortably. Not so. It’s important to ...

Bloomberg The trade war just ratcheted up another notch and the outlook for Chinese manufacturing deteriorated further, signalling the caution that characterised a tumultuous August for global markets may have further to run. The ground is laid for a volatile start to September, exacerbated by the US Labor Day holiday on Monday crimping trading volume with Treasuries and equity markets ...