While California and Scandinavia tend to get top billing in tech, the Land Down Under now boasts one of the fastest-growing software and fintech hubs in the world.

Australia’s Olympians took home 19 medals in swimming at the Paris games, but the Land Down Under is also making waves in other arenas: software and fintech.

Australia’s tech industry, which expanded 80% between 2016 and 2021, is projected to reach $167 billion AUD by 2030 ($112 billion USD) as global software and fintech firms continue to spring up across the continent.¹

The Draghi report could create new focus on EU reforms, but we see more potential in Eastern Europe’s accession process.

I recently caught up with European Union policymakers and advisors in Brussels in the wake of Mario Draghi’s report on the European economy. Their impression? His wish list for improving the functioning of the existing single market is comprehensive, but most items are well known and have been discussed before. Their hope is that it will refocus attention on reform given the EU’s slow pace of innovation, economic growth and productivity gains.

The Fed’s dovish shift in focus from inflation control to labor market weakness marks an important inflection point for asset allocators.

The annual Jackson Hole Economic Policy Symposium provided a stage for the U.S. Federal Reserve to signal to the world the central bank’s policy approach for the remainder of the year. Chair Jerome Powell’s speech, delivered in Wyoming last week, was decidedly dovish, laying the path for interest rate cuts to begin in September. Recent weakening macroeconomic data and payrolls, as well as the (short-lived) market turmoil in early August sparked by U.S. ...