World leaders are gathering in Baku, Azerbaijan for this year’s COP29 climate conference where the crucial question for the summit will be climate finance. Also on the show: China has announced a $1.4T lifeline to help local governments deal with hidden debt; Asian shares slipped after China’s planned debt swap program looked insufficient to some investors; calm has retuned to Mozambique after deadly post-election protests; Donald Trump’s return to the White House will have deep ramifications for the oil-rich Middle East; Adnoc Gas says its net income for the 3Q came in at $1.2B beating estimates; Lulu’s blockbuster IPO is set to make its owner the UAE’s second richest private individual; Qatar says it’s stepping back from efforts to mediate a Gaza cease-fire between Israel and Hamas; Bitcoin rallied past $81,000 for the first time; German Chancellor Olaf Scholz says he is open to holding a parliamentary confidence vote before Christmas.