European start ups, at least when they are younger, tend to be more thrifty. And salaries is the most important cost for a start up. The other thing is america's ecosystem used to be very concentrated in silkan valley. That's changing. There's new york, there's austin, there's miami but that's a relatively new development.
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.