Coffee giant Starbucks reports better-than-expected first quarter earnings as sales over the Christmas period rise.

The electrification of some routes across the south of England is running four years late, Network Rail reveals.

Oilfield service provider Schlumberger reports heavy losses and 10,000 job cuts amid the ongoing slump in the price of crude.

Markets in Asia have opened higher, picking up on a rebound in oil prices and a strong lead from the US and Europe

The head of the International Monetary Fund, Christine Lagarde, confirms she will stand for a second term.

Shares across Europe continue to rise, boosted by rising oil prices and hopes of more stimulus measures by central banks.

The UK government borrowed £7.5bn in December, £4.3bn lower than the year before, official figures show.

The billionaire philanthropist Bill Gates has told the BBC that the United States “should set a better example” by taking in more refugees.