NATO & Defence Industry: Sweden’s PM Ulf Kristersson and ministers Maria Malmer Stenergard and Pål Jonson head to the Ankara summit, where NATO chief Mark Rutte says allies and Canada are already investing around 4% of GDP in defence/security and will need credible plans to reach 5% by 2035—plus a stronger defence industry. Russia–NATO Pressure Test: A new IISS report says Russia’s “shadow fleet” is being used to probe NATO drone defences, with 144 suspected drones spotted near sensitive sites across Germany, France, Belgium, the Netherlands, the UK and Denmark. Submarines & Procurement: Canada selects Germany’s TKMS for up to 12 Type 212CD diesel-electric submarines, beating a South Korean bid—an industrial and strategic win for European shipbuilding ahead of Ankara. Fintech Banking Push: Klarna applies to launch a US-chartered bank (Klarna Bank USA), aiming to bring its payments and credit operations in-house. Insurance & Energy Risk: A London court rules Nord Stream sabotage damage is excluded from insurers’ war-related cover, denying claims of about €580m. Construction Tech: Octave rebrands and reframes its portfolio around construction lifecycle information and AI-enabled operations. Retail/Consumer Tech: Nintendo will stop selling Switch 1 in Europe in early 2027, citing EU battery-replacement rules. Swedish Business Abroad: Schroders agrees to sell its UK Benchmark advice business to Söderberg & Partners, sharpening its wealth-management focus.