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Better Capital to recoup from City Link

Private equity owner ranks as failed delivery firm’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

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 board fire-hit vessel

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

Tanker market benefits from oil rout

Rates for crude shipping soar to 6-year highs

Comment and Analysis

Rush for exposure to US fuels ETF inflows

Trend contrasts with fading investor enthusiasm for Europe

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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