| Ukrainian Swarms | Peace talks between Russia and Ukraine wrapped up yesterday with progress limited to a new prisoner swap. The meeting took place a day after Kyiv staged audacious drone attacks inside Russia, destroying long-range bombers and aircraft. Ukraine has grown increasingly reliant oncheap and expendable unmanned vehicles, here’s how. Military Overhaul | British Prime Minister Keir Starmer unveiled a sweeping reform of the UK military, including a costly expansion of the country’s nuclear deterrent. To move to a position of “war-fighting readiness,” the country plans to invest £15 billion (€17.7 billion) in its nuclear warhead program and build as many as 12 submarines as part of its partnership with the US and Australia. Delivery Cartel | Food delivery service Delivery Hero agreed to pay €329 million to settle a EU probe into collusion with Glovo before it sealed a takeover of its Spanish competitor. The commission said that between July 2018 and July 2022 the duo had plotted to carve up delivery markets in Europe, shared sensitive commercial information and agreed not to poach each other’s staff. Amazon Warning | Germany’s antitrust watchdog warned Amazon that price controls for retailers on its marketplace could breach national and EU laws. In its preliminary assessment, the Federal Cartel Office told the company policing how much retailers charge runs contrary to regulations for the digital economy and fair competition. Volcanic Eruption | Italy’s Mount Etna erupted yesterday, setting off large clouds of smoke and causing tourists to seek shelter. Volcanic activity of high intensity caused the collapse of part of the volcano’s crater. The latest eruption is the most intense since 2021, the head of the Etna observatory told Italian media. | 
