EU Sanctions Watch: The EU unveiled a new Russia-focused sanctions package that also targets 50 firms across multiple countries including India, raising fresh hurdles for an EU-India trade deal that Brussels wants to ratify soon. EU Enlargement: EU Council President António Costa said all member states agreed to open the first accession negotiation cluster with Ukraine and Moldova, starting with “fundamentals.” Battery Push: The Commission backed a new €1.5bn “Battery Booster” plan with interest-free loans to scale European battery manufacturing, with a call expected in Q3 2026. ECB & Rates: The European Central Bank raised rates again as Iran-war energy shocks keep inflation risks alive, feeding pressure across European credit. Pharma Pricing: Pfizer warned it is reviewing Germany investment plans after proposed drug-price cuts, joining other drugmakers reacting to the policy shift. Banking Deals: Barclays agreed to buy GoHenry’s UK youth-finance business for £180m, while Starling priced a record £150m Tier 2 bond after heavy international demand. Fintech & Payments: Yellow Card selected Turnkey to deliver stablecoin payments in emerging markets, aiming to cut wallet friction for cross-border transfers. Aviation Rules: EU negotiators reached agreement on updated air passenger rights, tightening compensation and clarifying airline responsibilities. Agriculture Aid: The EU proposed €540m in support to help farmers absorb rising fertiliser costs, with potential to reach €1.5bn including national top-ups.