Defence & Innovation: NATO’s new uncrewed systems and counter-drone training range in Latvia (Sēlija) is giving defence firms a battlefield-style place to test and iterate fast—an edge for European suppliers and SMEs tied to drones and security. EU Budget Control: EU capitals are pushing to tighten how the Commission uses “Global Europe” external action funds, after money was used to smooth big trade deals—raising governance questions that can affect contractors and small beneficiaries. SME Tech & Cyber: Estonia’s CyCon cyber-conflict event highlights growing supply-chain risk and the role of SMEs in protecting critical systems, as Estonia’s defence cyber command expands. AI for Business: An Irish initiative, “AI – Good for Business,” is rolling out practical AI adoption support for SMEs, with roadshows and real examples. UK Startup Pressure: UK Companies House data review suggests nearly 2 in 5 startups launched since 2021 have already shut down, underlining cost and survival strain for new firms. Energy Costs Hit SMEs: UK SMEs are bracing for another fuel and energy spike as US strikes around Iran cloud hopes for reopening the Strait of Hormuz. Payments & Growth: Amex research finds UK businesses are doubling down on innovation—especially AI, social commerce and payments—to keep growth on track despite pressure.