UNITED STATES — SCALISE LINED UP IF MCCARTHY SPEAKER BID FAILS: Kevin McCarthy is still struggling to mobilize enough support to guarantee him the House speakership. A group of Republican House members have urged Steve Scalise to "be ready" to step up if the McCarthy mess continues. INDIA — TROOPS MASSING AT BORDER WITH CHINA: Delhi has moved an "unprecedented" number of troops to the disputed border with China, per Foreign Minister Subrahmanyam Jaishankar. That follows an "encroachment" by Chinese forces that triggered a skirmish with Indian troops 12 days ago, Amrit Dhillon reports in the Times of London. The powers have been locked in a two-year standoff along the border. ENVIRONMENT — WHAT'S UP WITH THE COP15 RAILROADING? The world's governments signed a once-in-a-decade deal earlier this week to halt destruction of Earth's ecosystems. Or did they? When China's environment minister and the COP15 president, Huang Runqiu, announced an agreement at 3:30 a.m. Monday, Montreal time, Congo's negotiator told assembled delegates he did not support the agreement — after a huddle with delegates from Brazil and Indonesia — the world's other two rainforest superpowers. Huang nevertheless announced the deal. Still, "the negotiator from Cameroon called it "a fraud," while Uganda said there had been a 'coup d'état,'" at the conference, The Guardian reported. Later on Monday, the DRC downgraded its objection to "reservations" — meaning the deal sticks. FINANCE — CRYPTO KING FACES NEW TRANSPARENCY QUESTIONS: After the collapse of FTX, rival Binance — the world's biggest crypto exchange — promised it would "lead by example" in transparency. A Reuters Special Report casts doubt on those claims. "Binance declines to say where Binance.com is based. It doesn't disclose basic financial information such as revenue, profit and cash reserves. The company has its own crypto coin, but doesn't reveal what role it plays on its balance sheet," Reuters reported. Binance Chief Strategy Officer Patrick Hillmann called the Reuters analysis "categorically false." The exchange now conducts more than half of global crypto trading. WHAT THE DAVOS CROWD IS READING … WHAT THE WORLD CAN LEARN FROM RWANDA'S APPROACH TO DRONES: The government of Rwanda has been in a six-year partnership with the World Economic Forum's Centre for the Fourth Industrial Revolution, and the two parties want to export their model to other countries. More from WEF on the potential of approach: — How drones are helping to battle COVID-19 in Africa – and beyond — Medicine from the Sky "RESTORING TRUST IN A FRACTURED WORLD": This collection of nine essays from the Edelman Trust Institute, edited by Matthew Bishop, sets the scene for the 2023 Edelman Trust Barometer, which will be released in Davos in January. The trend Global Insider is paying most attention to: "the Mass-Class divide" — where high-income earners have become more trusting of institutions since 2019, while lower-income earners remain wary. WHO'S NOT GOING TO DAVOS? The side event invites are starting to roll in, but some are skipping the party. Mark Read, CEO of WPP, the world's biggest advertising agency, is over it, per those who work with him closely, and will be skipping the forum for the first time in years. WPP did not immediately reply to a request for comment. KLEPTOWATCH EU'S QATARGATE: Jailed European Parliament Vice President Eva Kaili will appear in court on Thursday, and appears set to blame the father of her child for dragging her into a Qatar bribery scheme without her knowledge, her lawyer told The Times of London. WHITE CHRISTMAS: Belgian and Dutch customs authorities are enjoying a true "white Christmas" thanks to seizures of more than 10 tonnes of cocaine from banana shipments from Panama and Ecuador arriving in Antwerp port over the past week, worth over $750 million. Belgian authorities have seized so much cocaine in 2022 that they are struggling to burn it all. ONE FUN THING — BLOODSUCKERS: Wales once had a dominant position in global trade in leeches and maggots. The Economist reports the nation is close to reestablishing their near-monopoly: Biopharm Leeches supplies up to 70 percent of leeches used in health care worldwide.
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