Italy's top bank UniCredit announced plans to shed over 18,000 jobs in an effort to stay profitable as low interest rates and the weak economy weigh on earnings.
Europe's leaders will offer Africa up to 3.6 billion euros ($3.8 billion) in aid at a summit in Malta in exchange for help tackling the migration crisis rocking Europe.
The shy children from a dog-eared photograph found in the pocket of a migrant drowned off Italy may never know what happened to the man who might have been their father.
Germany plans to speed up repatriations of rejected asylum-seekers from new central hubs, Chancellor Angela Merkel and her coalition allies agreed, vowing to bring order to a record migrant influx.
Eurogroup chairman Jeroen Dijsselbloem said the fallout from the refugee crisis should be considered when assessing some members' budgets, adding it had already had a major impact on debt-ridden Greece.
US Secretary of State John Kerry warned that this week's international talks on the war in Syria will not find an immediate political solution but nevertheless represent the best hope available.
Germany will send thousands of rejected asylum applicants back to the Balkans in the coming months as Berlin toughens its stance on economic migrants in the face of a refugee crisis.
The Czech president accused economic migrants of using children as "human shields" in their bid to reach Europe, as the continent grapples with its biggest migration crisis since World War II.
European Commission chief Jean-Claude Juncker backed Angela Merkel's welcoming stance towards migrants ahead of a mini-summit of leaders this weekend aimed at tackling record arrivals.
European Commission chief Jean-Claude Juncker chided EU member states for not respecting their pledges of humanitarian aid to tackle the migrant crisis, saying "urgency" was needed.
According to him, due to falling global prices for hydrocarbons, budget revenues have dropped by 40%. Besides, global prices are falling for major Kazakhstan’s commodities.
UN Secretary General Ban Ki-moon said more should have been done to tackle the "root causes" of the worst refugee and migrant crisis since World War II.
German Chancellor Angela Merkel said there was a "glimmer of hope" that Ukraine could finally head towards a political solution to ending the separatist war in the country's east.
The EU must speed up deportation of economic migrants and "crack down" on abuse of its asylum system, British interior minister Theresa May said as ministers met to discuss Europe's refugee and migrant crisis.
The hulking Soviet-era mineral refinery in Pikalyovo, one of Russia's hundreds of factory towns hit by a crippling economic crisis, has been a blessing, and at times a curse, for a place dependent on a single industry.