EU-China Trade Clash: China’s commerce ministry says the EU’s Foreign Subsidies Regulation probe into JD.com and the Ceconomy takeover is unlawful extraterritorial action, ordering firms not to assist EU cross-border measures. German Economy & Inflation: Europe’s mood sours as German factory-gate inflation hits a three-year high, while eurozone construction output falls sharply—adding pressure to already tight borrowing conditions. Energy & Logistics Shock: Europe’s natural gas prices jump back to 2023 crisis levels as Hormuz reopening fears rise, while drought and record heat slash Rhine river capacity, pushing up shipping costs and disrupting industrial supply chains. Climate Impact on Health: Germany records about 14,000 heat-related deaths this summer, underscoring how extreme weather is feeding economic and public-health strain. Bundesbank Warning: The central bank says low river flow could temporarily slow Germany’s recovery in Q3, with investment plans also weighed down by higher rates. Corporate & Tech Moves: Siemens announces $200m+ in new U.S. manufacturing and 1,500 jobs; Momenta and XHeart pick BlackBerry QNX for safety-certified autonomous driving platforms. Security & Markets: U.S. agencies warn of active cyber threats targeting industrial control systems using Siemens S7 PLCs. Geopolitics in Focus: Germany and partners condemn Israel’s E1 West Bank settlement tender plans, warning they undermine the two-state solution. Sports & Business Culture: The NHL schedules Bruins games in Munich and Oilers games in Cologne for 2027-28, betting on hockey’s growth in Germany.