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About USD 1 billion in customer funds have vanished from troubled cryptocurrency exchange FTX, Reuters reported citing top official sources. The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research, the people told Reuters. A big share of the $10 billion has since vanished, said sources with one saying the missing amount was about $1.7 billion and the other revealing it was somewhere between $1 billion and $2 billion.

Extreme weather events are fast becoming a reality. The European Environment Agency (EEA) has warned that heatwaves can kill 90,000 Europeans annually if nothing is done.  This warning comes as a report released on Monday by the World Health Organization said that so far this year at least 15,000 deaths can be attributed to the hot weather in Europe. Watch | WION Climate Tracker: Europe warming at twice the global average

China's climate envoy Xie Zhenhua on Wednesday said that China would be willing to support a mechanism for compensating poorer countries for losses and damage brought on by climate change. Speaking at the COP27 climate summit in Egypt, he further said that his country is under no obligation to participate, but is willing to make a contribution. "It is not the obligation of China but we are willing to make our contribution and make our effort." Watch | COP27 Climate Summit: US climate envoy John Kerry unveils 'carbon offset' plan

As recent months witness a deterioration in regional relations in central Africa, DRC Foreign Minister Christophe Lutundula met with his Rwandan counterpart Vincent Biruta met in Angola on Saturday in the latest attempt to defuse tensions between the neighbouring nations. The meeting takes place in the midst of conflict in the eastern DRC between a rebel militia organisation called M23 and the Congolese army, with rebels recently taking large portions of fresh territory.

We are two years into the 2020s and in this short time the world has witnessed quite a rollercoaster of events; from the pandemic that forced everyone to isolate indoors, to the Russia-Ukraine war, it has been one hell of a ride. The one word that can appropriately describe this turbulence is "permacrisis", which has now even been awarded the accolade of 'word of the year'. In a recent tweet, Collins dictionary announced that the one word that can appropriately sum up the year 2022 is 'Permacrisis'.