Russian mid-sized lender Trust Bank is to receive up to 30 billion roubles ($530 million) from the central bank to stop it going bankrupt in the first bailout of its kind during the current rouble crisis.

Russian authorities significantly scaled up rescue funds for mid-sized lender Trust Bank on Friday, saying they would provide up to $2.4 billion in lo(...)

Oil has declined 45 per cent this year, poised for the biggest drop since 2008

(...) $60.62 a barrel on the London-based ICE Futures Europe exchange . The contract fell $1.45 to $60.24 on(...)

An employee uses a machine while counting Russian ruble banknotes at a private company’s office in Krasnoyarsk, Siberia.

Russia’s rouble rose on Friday to its strongest levels in more than three weeks, in a sharp rebound from its recent all-time lows, after the governmen(...)

Muscovites walk on the street during snowfall in Moscow, Russia, 25 December 2014. Moscow was struck by a powerful snowfall, which will last until the evening. More than 150 flights were disrupted due to the bad weather in the three international airports of Moscow. Photograph: Sergei Ilnitsky/EPA
White Christmas hits Moscow flights
  • Europe
  • December 25, 2014, 12:38

Russia saw a white Christmas today as a massive snowstorm in Moscow caused delays to more than 150 flights and brought traffic to a standstill.None of(...)

German and British troops sing “Silent Night” before playing a football match to commemorate the Christmas Truce of 1914, at the International Security Assistance Force Headquarters in Kabul. Photograph: Omar Sobhani/Reuters

(...) clash of arms which set back Europe for decades know about the Christmas truce. The first World War(...)

Soldiers of the 5th London Rifle Brigade with German Saxon regimental troops at Ploegsteert Wood during the Christmas Truce in 1914. Photograph:  Popperfoto/Getty Images

Pope described as “the suicide of civilised Europe”. One young soldier, Rifleman Graham Williams, on(...)

Screenshot from Ryanair’s new US website which was launched on Tuesday. Photograph: ryanair.com/us

(...) travel to Europe every year with London, Dublin, Barcelona, Rome and Paris the top destinations for US(...)

  Princess Charlene and Prince Albert  of Monaco: back in the palace after the birth of their first children, for which no expense was spared:   Photograph: Eric Gaillard/Reuters

(...).Northern Europe is rated the safest place in the world for childbirth, especially Norway and Finland. Here in(...)

The shrine of the Magi in Cologne catherdral: squint through the mesh opening and you can see the outline of three skulls  with crowns

Europe while the shrine for the Magi the largest of its kind. A large golden box in the shape of a(...)

International Airlines Group chief executive Willie Walsh: covets Aer Lingus’s 23 Heathrow slot pairs and more transatlantic traffic. Photograph: Alan Betson

(...)’s transatlantic traffic out of Dublin to North America is originating from other airports in Europe, much of it(...)