Energy & Inflation Watch: European CFOs are the most pessimistic in four years as geopolitical risk, energy shocks and critical-materials disruptions squeeze margins, with oil-price pressure also nudging investors toward another ECB rate move. Renewables Shift: A new analysis argues the energy crisis is pushing Europe faster toward renewables, since decentralized power is less exposed to supply shocks. Green Steel Sticking Point: Carmakers are hesitant to buy hydrogen-based steel because the cost hits their thin margins and buyers won’t pay more for something they can’t see. Baltic Security: Russia-linked hybrid activity is raising risks for Baltic Sea energy, ports, shipping and navigation, with offshore wind adding strategic stakes. Climate Extremes: The UN weather agency warns a supersized El Niño could intensify heat and extreme events across Europe into 2027. Industrial Decarbonisation: Shell, Schneider Electric and Axens installed an industrial electric heater at Rheinland to cut refinery emissions. EU Governance: The European Ombudsman opened an inquiry into the Parliament’s handling of undisclosed financial support for a Swedish MEP. Space Race: Isar Aerospace launched Europe’s first commercial orbital rocket from continental Europe, boosting autonomy ambitions.