The european eco system has grown much bigger, but i think the significant development is that the fly wheel which it represents has taken off. In many additional markets, you have what's called network effect. And we've seen that with face boke into light. Or similar effectsi, ing two technology equa systems. So at some point they take off, the powers themselves. Success breeds success. And i think that has happened in europe. It produces its own capital. People have become rich. They then re invest their money. That produces more start ups and so and so forth. But there were also pen ventur capital firms investing more than before.
Gotabaya Rajapaksa, Sri Lanka’s president, announced
he will step down on Wednesday after protestors occupied Colombo, the country’s capital, over the weekend. Whoever succeeds him will inherit a host of thorny economic problems. Why
Europe’s big tech firms are well placed to weather a downturn. And remembering
Peter Brook, an extraordinary theatre director who died at the age of 93. To sign up for tomorrow’s webinar about Britain’s future after Boris Johnson’s resignation, sign up at
www.economist.com/boris-resigns.