You Break It, You Buy It? The Readout With Allegra Stratton

Welcome to The Readout, the new daily newsletter from Bloomberg UK.

The big news today here at tea time in Sharm is what’s formally made it on the COP27 agenda. This might sound like the most dry processology you might ever have to read but actually history has been made today, before the event has even started.

For the first time ever the UNFCCC has agreed “loss and damage” will formally be discussed by all nations. We'll go into what it actually means below. The development was broken first by our reporters John Ainger, Salma El Wardany, and Jennifer Dlouhy (as I type pacing the corridors of COP to bring you every cough and splutter).