Among the handful of international stories worth a read on this caffeine-less morning:

Donald Trump is at loggerheads with the G7 on the Paris climate change accords. Angela Merkel called the G7 meeting this weekend “very unsatisfying,” while French diplomats characterized the meeting as “tense and antagonistic” in remarks to the Financial Times. The best wrap-up of the meeting we’ve seen so far is from Politico, covering everything from the testiness over climate change to the G7 leaders appearing to compromise with The Donald on trade. The Wall Street Journal is running the story as front-page news.

Blackstone is taking a page out of EFG Hermes’ playbook by selling investment in Western infrastructure to Gulf-based sovereign investors. Where EFG Hermes has created one of Europe’s largest managers of renewable energy assets from scratch with the backing of a Gulf sovereign wealth fund, Blackstone has convinced Saudi Crown Prince Mohamed bin Salman to invest USD 20 bn in “projects like tunnels, bridges, airports and other sorely needed infrastructure improvements, predominantly in the United States.” The New York Times has the story here and here.

Also from the pages of the New York Times: It’s all about making a buck by selling scarcity. That’s the takeaway from the emergence of an embryonic coffee growing industry in California that is playing off of nearly-spent avocado trees, of all things.