EU Trade & Tariffs: A German Economic Institute study says EU–US goods trade hit a record €875bn in 2025 despite tariff tensions, but masks sharp pain in autos (EU car parts exports to the US down 20.4%). EU E-commerce Crackdown: From 1 July, the EU ended the €150 low-value customs exemption, adding a €3 fee per parcel category—raising costs for Temu and Shein hauls. Competition Law: Europe’s top court upheld Google’s record €4.1bn Android antitrust fine, ending an eight-year fight. Germany Reform Push: Chancellor Merz unveiled a sweeping recovery plan—tax cuts, red tape reduction, and a sick-leave overhaul requiring doctor notes from day one. Energy & Industry: SVOLT at EES Europe presented a full-scenario energy storage strategy for grid and AI data-centre loads. Cyber & Governance: Citizen Lab says a former Greek MEP on the PEGA spyware probe was hacked with Pegasus. Security: The US warns Russia may stage an armed provocation on Polish soil to test NATO resolve. Ukraine Aid: Kyiv says it will buy 100 Patriot missiles using a $1bn EU loan. Climate Pressure: Extreme heat is reshaping consumer behaviour, with research suggesting alcohol sales stop rising past ~32°C. Business Deals: Ferraro acquired Cibitex’s textile finishing unit; Objectway agreed to buy FNZ’s Swiss private banking tech business.