Current Affairs Global - 30 December 2014

1. The Indonesian Government have confirmed that wreckages found in the Java Sea belonged to the ill-fated Air Asia plane which disappeared from the radar on Sunday while flying to Singapore. It has also recovered 40 bodies from the Java Sea near the spot. Air Asia has also confirmed the same. Total 162 people on board in the plane are considered to be killed in the accident.

2. Chinese smartphone maker Xiaomi has become the world's most valuable technology start-up as the firm raised USD 1.1 billion in a fresh round of capital infusion, making its valuation at USD 45 billion.

It has achieved the feat only after four years of being founded. It overtook taxi booking start up app Uber which was valued at USD 40 billion.