Regulatory Boost for Fintech: Teya was selected by the UK FCA for its Scale-up Unit, aiming to help fast-growing regulated firms with product and policy engagement. Banking Expansion: Revolut won a full banking licence in France, setting up a second EU hub and paving the way for broader service rollout across Western Europe. Energy Security via Cyprus Gas: Cyprus says the Cronos field will start supplying Europe as early as March 2028 after a pipeline to Egypt’s Zohr and LNG processing. EU Space Push: The Commission plans 66 new IRIS2 satellites, taking the constellation toward 348 and boosting secure government connectivity. Cross-border E-commerce Rules: Temu is expanding Slovenia’s seller and logistics network as the EU tightens low-value parcel customs exemptions. Climate Shock to Growth: Copernicus reports western Europe’s hottest June-July on record, with drought and low river flows hitting transport, irrigation and power. Heatwave Economic Cost: Triodos estimates extreme heat could erase about 1% of EU GDP (around €180bn). Markets Watch: European stocks were steady as Hormuz reopening uncertainty kept oil elevated and investors looked to a busy data week. Poland’s Scale: Poland became the EU’s sixth-largest economy in 2025, with GDP growth outpacing the bloc. Biotech Dealmaking: ABL Ascend named Suman Subramanian as Chief Business Officer, while Oculis agreed to buy Accure’s Privosegtor rights to strengthen its neuro-ophthalmology pipeline.