German Chancellor Merz faces mounting pressure after his CDU suffered historic election defeats to the far-right AfD and left-wing parties. Meanwhile, Russia’s United Russia party is poised for a landslide victory as Ukraine launches its largest drone attack of the year. The US and China agreed to open a new AI dialogue ahead of the Trump-Xi summit, while Qatar’s energy chief disputed claims that the Strait of Hormuz is becoming obsolete. Additionally, rising energy costs are set to slow UK growth, and Citi’s CEO warned that powerful AI models are creating urgent new cyber risks for busines…