Youth Unemployment Shock (UK): Alan Milburn’s interim review warns Britain is at risk of a “lost generation” as NEET numbers top 1 million and could reach 1.25 million, with lifetime earnings losses flagged. Pay Transparency Rules (EU): The EU Pay Transparency Directive must be implemented by 7 June 2026, forcing employers to share pay ranges, use gender-neutral job ads, and stop asking about past pay. AI Hiring Pressure (Europe): Morgan Stanley says AI could cut European bank headcount by 10%+ over five years, mainly in back-office roles. Sovereign AI for Government (Germany): Deutsche Telekom and SAP will build a sovereign AI platform for federal agencies, backed by €250m in domestic capacity. Cyber Crackdown (Netherlands): Police seized 800 servers tied to a pro-Russian cyberattack network, targeting hosting firms linked to EU-blacklisted brothers. Heatwave Impact (Europe): Italy issued a red alert for Rome and other cities as a continent-wide heatwave hits jobs and safety, with deaths reported in Britain and France. Defense Drones Push (Poland & Romania): Both countries move to scale drone production under the EU SAFE program. EV Charging Milestone (Germany): Germany passes 200,000 public EV charging points, supporting future mobility jobs. NEET Drop (EU): Eurostat reports NEET youth fell to 11% in 2025, with Romania and Greece still highest. Fashion Resale Expansion (Zalando): Zalando partners with Vestiaire Collective to bring verified luxury resale to more European markets. E-Invoicing Platform Approval (France): Storecove gets accredited PA status for France’s mandatory e-invoicing and e-reporting rollout. Workforce Reshaping (France): Michelin says it may cut up to 1,500 jobs in France via voluntary staffing changes and reskilling. EU Russia Talks (Diplomacy): EU foreign ministers discuss demands for any future talks, including withdrawal of Russian forces from Georgia and Moldova and action against cyberattacks.