Burned Shorts, COP Win and Cybertrucks: Saturday Asia Briefing

Something for the weekend.

The UN released its Global Drought Snapshot during COP28.

Photographer: Camilo Freedman/Bloomberg
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It’s been a week of extremes. Here are some of the gyrations.

In what’s predicted to be the hottest year on record, in one of the hottest countries, COP28 is in full swing, scoring an early win for a loss-and-damage fund to compensate poorer nations. Tougher goals lie ahead in gas-rich UAE — to speed up the phasing out of fossils fuels and to find a way to make a just transition.