What We're Following This Morning

Climate change summit to run into overtime: They are expected to wrap up on Saturday, a day after they were scheduled to end. “Things are moving in the right direction,” French Foreign Minister Laurent Fabius said. For a primer on the issues that still need to be resolved, go here.

A Chinese billionaire is missing: Guo Guangchang, the tycoon known as China’s Warren Buffett, has reportedly been missing since yesterday afternoon. Trading in Fosun, the conglomerate he controls, has been halted in Hong Kong following the reports. The BBC says there’s speculation Guo has been detained by police. Update: More here

Michel Platini loses appeal: The Court of Arbitration for Sport rejected the FIFA presidential hopeful’s appeal over his 90-day ban from soccer’s governing body, but ordered FIFA’s ethics panel not to extend it. Platini, a former French soccer legend, was suspended by FIFA’s ethics panel after being accused of taking money from Sepp Blatter, FIFA’s chief who has also been suspended.

We may have a winner: This could be New Zealand’s new flag:

Matt previously covered that vexillological debate.