Newsletter Dec 15, 2023
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Markets
DJIA 37,248.35 0.43%
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Japan: Nikkei 225 32,686.25 -0.73%
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COP28 deal leaves questions about funding

After COP28's landmark call for the world to move away from fossil fuels, experts say the pressure is on to fast-track -- and fund -- the global energy transition. The agreement was a compromise wrestled out of countries with sharply conflicting interests by the oil-rich UAE, hosting COP28 in the last days of the hottest year humans have recorded so far. It calls for "transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner" -- after three decades without naming the main driver of planet-heating pollution.

THE DEVIL IS IN THE DETAILS OF FUNDING THE AGREEMENT



Meta opens Threads text-based app to EU

Meta's text-based app Threads arrived in the EU on Thursday, months after its global launch in July, CEO Mark Zuckerberg said. Threads is a spin-off of the Instagram photo app intended to be a rival to X (formerly Twitter) after that platform alienated users and advertisers following Elon Musk's purchase last year. Threads went live in 100 countries earlier this year but not in the EU. Meta officials cited regulatory clarity as the reason for delaying the social network's arrival in Europe.


Venezuela, Guyana meet to resolve dispute

The presidents of Venezuela and Guyana met Thursday in the Caribbean for talks that analysts said could "de-escalate" tensions but would do little to resolve their countries' long-standing and reheated territorial dispute. Venezuela's Nicolas Maduro and Guyana's Irfaan Ali shook hands after a two-hour meeting, but there was no immediate news on the outcome of talks about Caracas' claim on the oil-rich Essequibo region, which makes up most of neighboring Guyana.

SEE HOW THE DISPUTE APPEARS TO BE COMING TO A HEAD


Extra point

Who was the Essquibo region named for? Who was his famed father?

Thursday's answer: Argentina is home to the highest and lowest points in the southern and western hemispheres -- the Aconcagua mountains (elevation 22,837 feet), and the Laguna del Carbón (negative 344 feet).

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