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Better Capital to recoup from City Link

Private equity owner ranks as failed delivery company’s top creditor

Xiaomi fundraising values group at $45bn

Chinese smartphone maker raises $1.1bn in venture capital funding

AirAsia jet likely ‘at bottom of the sea’

Indonesia search chief says missing aircraft has probably crashed

Libya conflict helps oil move higher

Brent crude nears $60 a barrel as Libya output drops

Network Rail probed over travel chaos

Over-running Christmas engineering works cause train disruptions

RWE Dea AG's Mittelplate oil drilling and production island is seen in the Schleswig-Holstein Wadden Sea, off the coast of northern Germany. Source: RWE Dea AG via Bloomberg

RWE offers safeguards on North Sea deal

Energy group seeks to avoid seizure if Russia sanctions widen

The Interview makes $15m in digital sales

Farce about assassination of North Korean leader is a hit online

Hundreds rescued from stricken ferry

Death toll climbs to five, 127 remain on vessel in Adriatic

Nimrod axe ‘poses threat’ to UK sub fleet

Warning over patrol aircraft as Russia steps up submarine capability

Christmas returns hit new high

Online retailers are not equipped to cope, say logistics experts

Kiev targets oligarchs with budget bill

Ukraine budget adopted in extraordinary 4.15am vote

Comment and Analysis

Coffee chains brew robust future in China

Starbucks and Costa expand amid surging popularity

Old-fashioned discipline at hip start-up

Unruly is a case study in trying to achieve urgency without panic

Religious conversion debate divides India

Modi’s failure to defend pluralism raises concerns about hidden social agenda

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