Trump's Treasury pick, COP backlash and Australia’s teen social media ban

Markets have reacted positively to President-elect Donald Trump selecting Scott Bessent as his pick for U.S. Treasury secretary. Three people have been arrested in the UAE in connection with the alleged murder of an Israeli citizen. Countries at the COP29 summit in Baku adopted a $300 billion a year global finance target to help poorer nations cope with impacts of climate change but the deal has been described as “woefully insufficient” by its intended recipients. Australia’s push to ban social media for teenagers is facing a critical week as it looks to introduce some of the toughest controls imposed by any country to date. Find our recommended read on how Donald Trump Jr is helping his father pick the most controversial cabinet of modern times here . Find our special episode on what Donald Trump's win could mean for Israeli settlers here . Listen to the Reuters Econ World podcast here Sign up for the Reuters Econ World newsletter here . Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices