World reacts to COP26 deal

Plus: Biden and Xi’s meeting [Quartz]( Sponsored by Good morning, Quartz readers! Was this newsletter forwarded to you? [Sign up here](. Forward to that friend who [would like to have an undo button](. Here’s what you need to know Leaders and activists are processing the COP26 deal. UK prime minister Boris Johnson says [the agreement]( is a “[death knell](” for coal, but others are not so sure—and his climate envoy Alok Sharma [rebuked India and China](. Shell plans to move its HQ to the UK. The energy giant would also drop the “Dutch” in Royal Dutch Shell, as it aims to end its dual-location structure and [shift completely away]( from the Netherlands. Property prices in China suffered their biggest fall since 2015. The [real estate crisis](, led by Evergrande’s ongoing failure, is beginning to hit everyone’s wallets. India finally opened its borders to vaccinated tourists. The industry used to be worth [around $30 billion a year](. The Trumps are selling their Washington hotel. The property, in which many lobbyists and foreign dignitaries stayed during Donald Trump’s presidency, is going for [at least $375 million](. Sesame Street has its first Asian American character. Ji-Young, who’s of Korean origin, [makes her debut]( in a Thanksgiving special. Sponsor content by The Motley Fool Does your portfolio include the next potential big thing? Since 1993 Motley Fool has given trusted investment guidance, often spotting trends and endorsing game-changing companies when they were less than $50 a share. For $99 a year, Motley Fool Stock Advisor gives you access to their monthly recommendations, as well as, access to all of their past picks for long-term investors. [Sign up for a free copy]( of 5 Growth Stocks under $49 today. What to watch for [Xi and Biden shake hands in front of a row of American and Chinese flags] REUTERS/Lintao Zhang/Pool//File Photo US president Joe Biden and president Xi Jinping of China [hold a virtual summit]( today (Nov. 15), a meeting that US officials are billing as [an opportunity to ease growing tensions]( between the world’s two largest economies. The two leaders head into the gathering dealing with very different political issues at home. Xi is fresh off a [major political win]( that consolidates his power and paves the way for a [potential third term]( as party general secretary. Biden, meanwhile, has seen his approval ratings dip to [new lows]( as he struggles with his own party to pass big-ticket spending plans. Here are the topics that will likely come up: 💱 Trade tensions ⚔️ Escalating military tension 🌎 Climate change 🇹🇼 Taiwan 🕊️ Human rights Five vital lines in the COP26 deal [COP26 President Alok Sharma gestures as he receives applause during the UN Climate Change Conference (COP26) in Glasgow, Scotland.] REUTERS/Yves Herman COP26, the biggest climate change summit of the last five years, concluded in Glasgow on Nov. 13. The [agreement]( it produced—10 pages known as the Glasgow Pact that outline the next phase of the world’s fight against [climate change](—left many activists disappointed but nonetheless represents forward momentum. Here’s what we can gather from the deal’s [five most important lines](: - Informal commitments got the spotlight - Countries must return next year with stronger commitments - Fossil fuel will be phased down, not phased out - Rich countries were shamed on climate finance - There’s little guidance and no cash on “loss and damage,” which is essentially reparations from rich countries Korea’s messaging king 👑 Go anywhere in Korea and you’re sure to hear the [distinctive chirping]( of “katalk.” That’s the sound of a message arriving on Kakao—with more than [50 million monthly active users](, it’s by far the country’s most popular messaging app. By the digits: [96%:]( Kakao Talk messaging app’s market share in South Korea [$3.5 billion:]( Kakao Corp’s revenue in 2020, driven by ad sales [$93 billion:]( The combined market cap of Kakao’s listed companies in August, making it Korea’s fifth most valuable company Kakao was the topic of our latest [Company email,]( which offers members a look at firms changing the way business works. ✦ It’s Member Week at Quartz, and we’re celebrating by offering a chance to get in on the full email experience for 50% off. Use code MEMBERSWEEK21 [at checkout](. Quartz announcement We’re toasting to 3 years of Quartz Membership by giving away special prizes and surprises. For this week only, become a member for 50% off with code MEMBERSWEEK21 and enjoy unlimited access to all of Quartz, plus a few perks and gifts from us. Don’t forget to join us for a series of IGTV Live 'How to' events starting today on surviving failure to how to take stock of your life. Follow us on @qz Instagram for details. [Join now for 50% off!]( Handpicked Quartz ▶️ [YouTube’s dominance is no longer a given—and Patreon wants to prove it]( 🍼 [US paid family leave, explained]( 💉 [AstraZeneca has decided to make money from the pandemic after all]( 🥵 [Africa has its first “chief heat officer”]( 📈 [Is it time to worry about US inflation?]( 🚪 [Twitter is putting its most important fix behind a paywall]( Sponsor content by The Motley Fool Does your portfolio include the next potential big thing? Since 1993 Motley Fool has given trusted investment guidance, often spotting trends and endorsing game-changing companies when they were less than $50 a share. For $99 a year, Motley Fool Stock Advisor gives you access to their monthly recommendations, as well as, access to all of their past picks for long-term investors. [Sign up for a free copy]( of 5 Growth Stocks under $49 today. Surprising discoveries Earth has another follower. It’s known as KamoÊ»oalewa, it functions like a quasi-satellite, but while it may be [dislodged from our moon](, don’t call it one. A notorious US bank robber was identified after 52 years. The thief said he [watched Steve McQueen’s]( The Thomas Crown Affair to prepare for a heist worth $1.7 million in today’s dollars. An Oasis tambourine sold for $4,829. Kasabian and the Arctic Monkeys also [had a hand on the instrument](. A penguin from Antarctica wound up in New Zealand. At least the bird (thought to be only the third of its kind to make the 2,000-mile trek) [got some fish smoothies]( upon its arrival. In Sweden, oat milk accounts for more than three quarters of non-dairy milk sales. And one company—Oatly—accounts for 53% of the market, an alt-dairy dominance that has inspired [the latest episode of our Quartz Obsession podcast](. 🎧 Listen to all this season’s episodes on [Apple Podcasts]( |[Spotify]( |[Google]( |[Stitcher]( SPREAD THE WORD Over 500k readers and counting. You already know why half a million people read the Daily Brief, so why not spread the word? [Share the Daily Brief today]( and get rewarded. Our best wishes for a productive day. Send any news, comments, instruments used on famous songs, and long-lost penguins to hi@qz.com. Get the most out of Quartz by [downloading our iOS app]( and [becoming a member](. Today’s Daily Brief was brought to you by Hasit Shah, Tim McDonnell, Clarisa Diaz, Tripti Lahiri, and Morgan Haefner. 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