UK Leadership & Cost of Living: Andy Burnham is set to be sworn in as Britain’s new prime minister, promising to “rewire” the country and tackle the cost-of-living squeeze and failing public services as he forms a cabinet. AI & Semiconductors: Reuters reports ASML’s AI-driven surge has lifted it close to a possible €1tn valuation, after a strong second-quarter and upgraded 2026 guidance, while investors debate how long hyperscalers will keep funding data centres. EU Tech Regulation: The EU is pushing ahead on AI assistant rules, with Google and Apple warning that proposed Android changes could create security and privacy risks, as Brussels targets Big Tech’s control. EU Sanctions Friction: Support for the next Russia sanctions package is facing growing resistance, with member states seeking exemptions or blocking parts over the impact on domestic business interests. Energy & Markets: Oil prices edged up amid US-Iran strike escalation and diplomatic signals, while Europe remains sensitive to fuel-supply tightness during heat-driven demand. Spain Tourism Under Pressure: Storm damage is eroding parts of Spain’s coast, with some resorts turning from rebuilding sand to more natural protection as climate change worsens erosion. Cross-Border Payments: India and Spain are fast-tracking technical talks to link UPI with Bizum, aiming to make cross-border digital payments smoother. Trade & Investment Links: Cambodia’s trade with ASEAN and the EU rose in H1 2026, while Gabon’s president begins a France state visit focused on manganese processing and broader economic ties.