Corporate Distress in Germany: Destatis says 188,000 companies shut in 2025 (+10% y/y), with insolvency filings still rising (2,276 in April, +7.1% y/y), and even creditworthy firms now failing. Critical Metals & Batteries: Finland’s Kokkola is positioning as a European critical-metals and battery-material hub, with cobalt refining and plans for an aluminium smelter under discussion. Ukraine Missile Supply Chain: UK PM Andy Burnham says Britain will let MBDA share classified component info for SCALP long-range missiles so Ukraine can build locally; the Kremlin threatens to destroy production sites. Defense Sabotage Risk: Reports claim Russia is escalating sabotage across Europe’s defense and Ukraine-supporting industry, using remote recruitment and “disposable” local attackers. Fertilizer Regulation Pressure: Morocco’s OCP says it cut cadmium in phosphate fertilizers to below 20 mg/kg P2O5 (from 2025), aiming to stay compliant as Europe tightens health rules. EV Battery Systems Deal: Schaeffler and CATL plan to co-develop battery management systems and integrated power solutions for European automakers. Manufacturing Tech: Nikon SLM Solutions and Bosch produced a full V8 engine block as a single 3D-printed aluminium piece, cutting tooling and casting lead times.