Japan is slowly transitioning into a new financial era. Headline inflation has remained above the Bank of Japan’s 2% target since April 2022, marking the longest period of above-target inflation in more than 35 years. While the initial surge was driven largely by higher fresh food and energy prices, underlying inflation has also firmed, albeit more gradually. During this period ...

Two weeks ago, our brief outlined what COP30 needed to deliver: clearer national climate plans, stronger protection for tropical forests, and credible finance for emerging economies. Now that the summit has concluded, the results show meaningful steps forward but stop short of the structural change that science indicates is necessary. Belém did not shift global climate politics ...

Image generated by Gemini   After a bruising two years marked by falling discretionary spending, bloated inventories, and rising costs, the global sporting-goods sector is searching for its next turnaround story. Investors may not need to look far: the world’s largest sporting events are lining up like a perfectly staged relay. Between the 2026 FIFA World Cup, the 2026 Winter O ...

Of course, our MacroFriday is focused on macro-economic developments, but some companies have grown so large and/or important that their impact on the economy and financial markets can no longer be overlooked. One such company is Nvidia, which has rapidly become the largest company in the world. On Wednesday, investors followed the publication of Nvidia’s third-quarter results ...

Europe’s wind industry has been one of its greatest industrial achievements. For decades, European engineers and companies have defined global standards in turbine technology, offshore construction and system integration. The sector contributed in 2024 more than €54 billion to Europe’s GDP and exports €13.8 billion worth of high-value equipment and services each year[1]. These ...

How to Value (Tech) Stocks Traditional ways to value companies (such as multiples, sum-of-the-parts, discounted cash flows…) already existed long before Econopolis was founded. However, for emerging subindustries (like software SaaS), these tools often fail spectacularly. A young tech company often reinvests every dollar of revenue back into growth, resulting in negative earni ...

From 10 to 21 November 2025, world leaders will gather in Belém, Brazil, for the 30th UN Climate Conference (COP30). The choice of venue, at the mouth of the Amazon, gives both symbolic and practical weight to a crucial moment for global climate diplomacy. Ten years after the Paris Agreement, countries are expected to show whether ambition can still match reality. The setting h ...

I would prefer not to touch upon this sore spot, but unfortunately the current environment leaves me with no other choice. Despite some fragile survey-based optimism about the European industry, industrial production continues to trend lower in the eurozone.   Last week in our MacroFriday, we discussed industrial production in the US, which showed a decade without growth once w ...

A couple of years ago, I wrote an article about ‘Resource Nationalism’ in which I talked about a record deployment of clean energy technologies which were propelling unprecedented demand growth in the so-called critical minerals markets. As a result of this, these energy transition minerals, which used to be a rather small segment of the market, had moved to centre stage in the ...

Nuclear fusion is the holy grail for producing energy: virtually limitless clean energy without the waste or meltdown risk of fission. Besides from making reaching climate goals a lot easier, it also provides a solution to the recently more prominent question of energy security and independency. The latest headliness have made updated promises for this exiting new technology, y ...