Snap Election Watch: Spain’s PM Pedro Sánchez has called a snap general election for Nov. 29 after housing measures were rejected, raising uncertainty for businesses as borrowing costs and the housing crunch stay front and center. Invoice Deadline Countdown: Spain has started the clock toward mandatory structured electronic invoicing for autónomos and firms, with the switch due around Oct. 2027 for the biggest turnover tier and around Oct. 2028 for everyone else. Cyber Risk for Retailers: ASOS is investigating after thousands of app users received a “fully compromised” notification tied to a Snowflake instance, a reminder that customer data and trust are fast-moving SME risks. HR/Spend Tech M&A: HRTech unicorn Personio is acquiring Germany’s Circula to combine HR, payroll and spend management—another consolidation wave aimed at simplifying cross-border costs for European businesses. Defense & Drones Upgrade: Indra is buying Barcelona radar specialist Dares Technology to add SAR capabilities to its Tarsis drones, targeting higher-precision mapping and terrain change detection. Startup/SME Ecosystem: AI Summit Barcelona’s startup pitch jury included Volodymyr Lytvyn, with Vigiai taking the winner spot—useful signal for founders chasing European traction. Real-Estate Process Innovation: UTRUST says foreigners bought a record 97,480 homes in Spain in 2025, and argues buyer-side representation and faster, lawyer-reviewed workflows can cut friction in cross-border deals. Health Tech Expansion: Smith+Nephew launched its CARTIHEAL AGILI-C cartilage implant commercially in Europe, spotlighting how medtech rollouts can open new demand channels for clinics and suppliers.