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TheBias Brief

Wall Street JournalSig. 4NewsEnergyEconomyTrade

European Gas Prices Rise as Storage Levels Worry Market

European natural gas prices rose about 3% in early trading as thin EU storage levels and stalled U.S.-Iran talks raised winter supply concerns. Inventories stand at 70% versus a seasonal average of 86%, with lower Norwegian pipeline flows offsetting higher LNG arrivals.

Daily MailSig. 6NewsHousingEconomyTrade

Only a fifth of newbuild homes in London are now being bought by British buyers - as residents say flats have 'lost their value'

Only 21% of newbuild homes sold in London in the quarter to June were bought by UK buyers, down from 49% a year earlier, while corporate purchases surged to 69%, according to property data firm Molior. Residents of Canary Wharf newbuilds describe flats as having 'lost their value' amid high price points and unsold units.

Left 2.2

The HillSig. 6NewsForeignTradePolitics

Belarus says no potash left after Trump claims massive deal for fertilizer

Belarusian leader Alexander Lukashenko said Belarus has no uncontracted potash to sell to the U.S., contradicting President Trump's claim of a "massive Deal" for discounted fertilizer. The article notes Canada's dominance in U.S. potash supply and describes the Trump administration's sanctions-relief-for-prisoner-release outreach to Lukashenko, which rights monitors criticize as insufficient.

Left 2.6

The HillSig. 7NewsTradeEconomyForeign

Bessent says US, Chinese officials considering lowering tariffs on ‘noncritical’ items

Treasury Secretary Scott Bessent said U.S. and Chinese officials are considering lowering tariffs on about $30 billion in noncritical goods each country imports, ahead of a planned Trump-Xi meeting in Washington. U.S. Trade Representative Jamieson Greer described recent talks as positive but accused China of limiting rare earth exports. The report also notes the declining U.S. trade deficit with China.

Neutral

The GuardianSig. 7OpinionPoliticsForeignTrade

Canada is seeking new global neighbours – no wonder, as Trump rolls out stupidities at scale | David Moscrop

The article argues Canada is right to seek closer ties with the European Union as the Trump administration engages in absurd, bullying, and destabilizing behavior. It criticizes Trump's trade tactics and rhetoric as juvenile and destructive while urging coordinated resistance and a move beyond US hegemony.

Left 6.1

New York PostSig. 8NewsAIForeignTrade

US pitches China on AI notification deal ahead of UN General Asssembly

The US proposed an AI notification exchange system with China during talks ahead of the UN General Assembly, modeled on the Cold War Washington-Moscow hotline. The two sides did not extend their trade truce, which expires in November, and Trump is set to host Xi Jinping for a state visit later in the week.

Neutral