EU Tech Clash: The European Commission fined Google $1bn (€890m) under the Digital Markets Act, triggering fresh US-EU trade threats from Donald Trump and a Section 301 probe that could mean “substantial” tariffs on EU goods. US Tariffs Shock: New US duties of 10% and 12.5% hit imports from 60 economies from July 24, justified under forced-labour rules after a prior tariff framework was struck down by the Supreme Court. Markets: European shares edged higher as SAP lifted tech stocks, even as investors weighed higher oil prices and policy uncertainty. Wildfires & Displacement: Spain and France faced “apocalyptic” wildfires, with at least one death and more than 270,000 people evacuated; France deployed the military as blazes threatened major areas near Madrid and Bordeaux. Corporate Reshuffle: Nestlé is moving bottled-water brands into a joint venture with Platinum Equity, aiming for a focused water-and-premium beverages platform. UK Defence Push: Britain’s new Chancellor John Healey signalled billions more for defence spending, while also backing a “buy British” procurement drive to turbocharge jobs. Energy Policy: The EU is easing methane rules for oil and gas for three years, citing energy security fears amid the Strait of Hormuz crisis. Labour & Migration: Germany is leaning on skilled migration as its workforce ages, while unemployment pressures remain high in parts of Europe.