TASNIM News, citing Pakistani television, reports Pakistan's military is conducting a two-week joint exercise with Russian and Omani forces.

ECB Governing Council member and Bundesbank president Nagel said persistent high energy prices could force the ECB to raise rates to a level that suppresses growth, potentially moving policy into a mildly restrictive range. He added it is too early to draw conclusions. Nagel warned upcoming wage negotiations, including in Germany, could trigger second-round inflation effects, and the longer high energy prices persist the greater that risk. On the Transmission Protection Instrument (TPI), he said it can only be activated if monetary policy transmission is impaired and is not intended to address a euro-area country's fiscal problems.

Coherent launched PhotonLink, an integrated optical platform for AI data centers combining the firm's photonics technology portfolio with precision assembly and test capabilities. The platform supports co‑packaged optics (CPO), near‑package optics (NPO) and emerging chip‑to‑chip optical interconnects, and is expected to begin contributing revenue from Q4 2026. Coherent says its data‑center manufacturing has shipped over 300 million indium phosphide (InP) lasers and more than 1 billion InP and gallium arsenide (GaAs) photodetectors, and it is expanding 6‑inch InP and specialty fiber capacity to support PhotonLink production ramp.