Heatwave + Energy Shock: Europe is facing a double hit as extreme heat and the Iran-driven energy squeeze push costs higher, with economists warning the damage is spreading across output, tourism, food, insurance and public budgets. Climate + Water Stress: Drought is exposing Europe’s rivers—Serbia’s Sava has revealed a long-buried steam tugboat as low water levels disrupt trade, power and supplies. Markets Watch: European shares were flat as higher oil prices and inflation worries offset bond-market support, with investors focused on rising borrowing costs. EU Policy + Migration: Spain is refusing to return 500 migrant girls from Ceuta to Morocco despite an EU recommendation, arguing child rights and legal guarantees must come first. EU Diplomacy + Armenia: The EU and UN launched a €2.47m air-quality monitoring upgrade in Armenia, aiming to modernize stations and improve public access to data. Ukraine Politics: Ousted defence minister Mykhailo Fedorov is renewing pressure for wartime elections, raising a fresh constitutional and political dilemma for Zelenskyy. Business + Tech: Temenos was named a Gartner Leader for retail core banking systems in Europe, while Nfon cut its 2026 outlook after weaker business telephony performance. Tourism + Travel: Bulgaria’s tourism push is targeting more flights in 2027, with plans for new routes to Varna and Burgas. Logistics + Trade: DP World says multimodal corridors are becoming key as congestion and climate disruption reshape European supply chains.