AI & Telecom Investment: Google’s planned €13bn AI and cloud buildout in Hamina, Finland is boosting the case for Nokia as a local AI infrastructure beneficiary, with Nokia pointing to strong AI & Cloud momentum and cash buffers. Energy Prices & Industry Costs: Record diesel prices across Europe are feeding into freight costs and squeezing farmers and businesses, underlining how fuel shocks can quickly hit production and logistics. Security & Critical Infrastructure: Finnish intelligence says Russian sabotage risk across Europe has risen, with Finland’s most exposed targets tied to defence and Ukraine support—no immediate threat, but more preparedness. Data Centres & Power Constraints: EMEA data centre capacity has passed 12GW, yet deliverability is increasingly gated by electricity access, permitting and grid connections. Heat Pumps & Electrification: Residential heat pump sales surged across Europe as electricity taxes were cut and energy prices shifted incentives, reinforcing the push to make power the cheaper heating route. Circular Economy: Syklo opened a Hyvinkää circular economy hub combining plastic recycling and biocomposites, aiming to process 50,000 tonnes of plastic waste annually. Consumer Mood: Finland’s consumer confidence fell further in September, with Greater Helsinki comparatively less gloomy than Eastern Finland. Gambling Market Opening: Finland received 75 gambling licence applications ahead of the July 2027 market opening, exceeding early expectations.