G7 Diplomacy: Japan’s PM Sanae Takaichi begins her first Europe trip, lining up talks with the UK and Italy before attending the G7 summit in France, with energy security and critical minerals high on the agenda. EU Migration Overhaul: The EU Migration Pact takes effect today, triggering fresh political fault lines as critics warn of forced quotas and Brussels signals tougher enforcement against non-compliance. NATO Strain: The US is reportedly planning major reductions in aircraft and warships available for NATO operations in Europe, raising fears of capability gaps even as officials say alliance planning remains intact. Defence Industry Shock: Germany’s FCAS fighter-jet effort is dead, and Rheinmetall warns that follow-on tank plans could also face turbulence if France cuts budgets. EU Enlargement: Romania’s president hailed EU member states’ decision to open the first accession negotiation cluster with Moldova and Ukraine, calling it a step toward a “European family.” Council of Europe Watch: The Council of Europe’s Committee of Ministers urges Georgia to review laws after concerns over chilling effects on assembly rights. Markets & Cost of Living: The ECB raised rates again, citing inflation pressures linked to the Middle East and weaker growth prospects. Travel Disruption: Major European airports reported hundreds of delays and dozens of cancellations as summer demand strains operations.