Water Stress Hits Industry: Record-low Rhine levels are raising alarms for German shipping and heavy users like chemicals and steel, with drought already disrupting logistics and power generation across Europe. Border Pressure in Spain: Ceuta faces “absolute chaos” after about 60,000 migrants crossed from Morocco in 24 hours, forcing shop closures and straining security and supplies. Defence & Procurement: Rheinmetall won a contract to supply weapon systems for the UK’s RCH 155 wheeled howitzers, reinforcing Germany’s role in European artillery production. Green Steel Momentum: Germany’s Salzgitter conversion to lower-emissions steel is backed with over €1.3bn in funding, aiming for a 2027 green steel start and major CO2 cuts. AI Copyright Clash: A German court ruled Suno illegally trained on unlicensed GEMA-managed songs, a landmark for Europe’s AI and music licensing rules. Business Expansion via Bavaria-Moldova: Bavaria and Moldova will set up an intergovernmental economic commission to boost investment links and jobs. Corporate Watch: Serviceplan reported FY25-26 revenue up to €873m and media operations up 2.7%, signaling continued ad-market resilience. Markets Mood: Stocks traded mixed as bond yields jumped, keeping investors cautious.