Travel giant Thomas Cook today took a huge step towards recovery with a £1.6 billion refinancing of its vast debt pile, just 18 months after the 172-year old company veered close to collapse.

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Thomas Cook merges European airline businesses

Thomas Cook has set out plans to merge its German, British and Belgian airline businesses, with a new airline management board overseeing the single outfit.

Flight disruption at Gatwick airport due to volcanic ash

Simon Calder's Holiday Helpdesk: How can I find out about train travel in Europe?

Q I'm having real trouble trying to find any useful websites for train travel in Europe! I only want to know how much, roughly the individual tickets will cost me compared to buying a rail pass. but I just can't find any websites that will help me. Can you recommend anything?

Alice Robeson

Deals of the week: Prague, Barcelona, Sharm el-Sheikh

Less than £200... Book by 31 January and Flight Centre is offering two nights in picturesque Prague for £199 per person. The package includes British Airways flights from Heathrow for travel between 1 and 22 March and B&B accommodation at the Hotel City Inn. Flightcentre.co.uk

Travel Challenge: Half term in Tenerife

Each week we invite three companies to offer us their best deal for a specific break. Today: a trip to Tenerife during the February school half term. Prices are for a family of four (two adults, two children), with a week's accommodation and flights from the UK to Tenerife South on 16 or 17 February.

Travel in 2013: Holidays for cruise-goers

Shorter cruises are all the rage, says leading cruise line P&O (0843 374 0111; pocruises.co.uk), which is adding nine new two- to five-night sailings to the Channel Islands, Belgium and the Netherlands, all departing from Southampton. A two-night cruise on Azura to St Peter Port, Guernsey, costs from £199pp, including meals and entertainment. Departs 16 April.

Market Report: A sunny year for the market newcomers

Christmas week is upon us and how much we are spending on the high street will be closely watched by punters exposed to retail stocks. Investors with shares in shops will be hoping consumer sink every last penny today on the last shopping day before Christmas.

James Moore: Follow different routes with these fellow travellers

Investment View: The damage was from the customer's description of having a bad experience

Thomson worker tells customer who complained about her holiday to 'shut the f*** up'

The customer is always right. Or so they say...

One Thomson worker forgot the classic mantra when they sent a series of rather rude emails to someone who had booked a holiday with them - and dared to make a complaint.

The troubled travel firm blamed the loss on “marketing and licensing costs” for package deals that offered guaranteed tickets for the Games.

Thomas Cook reports £17m loss after disastrous attempt to cash in on London 2012

Thomas Cook has revealed an unwelcome Olympics legacy: a £17m hole in its accounts after a disastrous attempt to cash in on London 2012.

What to expect on a winter visit to the Canary Islands: sun within easy reach

Q. We would like to travel to Lanzarote in mid-January. Is it a good time of the year to go there? Philipp Mandel, London

Get me out of here:

Slope off to the Austrian Tyrol on 15 December. Inghams has a week skiing in the high-altitude village of Obergurgl, in the heart of the Otz valley, for £569pp. The deal includes Monarch flights from Gatwick to Innsbruck, transfers and half-board at the Hotel Sportiv. Inghams.co.uk

Get me out of here: Obergurgl, New York, Bach's places

Now... Slope off to the Austrian Tyrol on 15 December. Inghams has a week skiing in the high-altitude village of Obergurgl, in the heart of the Otz valley, for £569pp. The deal includes Monarch flights from Gatwick to Innsbruck, transfers and half-board at the Hotel Sportiv. Inghams.co.uk

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The price of pacifism: Refusing to go to war is finally being recognised as a brave act

The price of pacifism

From the Second World War refusenik to the 19-year-old Israeli, Holly Williams talks to five people who risked shame and suffering to take a stand as conscientious objector.
'It was mass hysteria': Jason Isaacs on groupies, theatre bores and snogging James Bond

Jason Isaacs: Groupies, theatre bores and James Bond

To millions, Jason Isaacs is one of Harry Potter's arch enemies – but his wife prefers him as a Scottish TV detective.
Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?

Sealand: 'Micronation' or illegal fortress?

Thomas Hodgkinson spent a week at the tiny platform off the Suffolk coast to find out.
Not a bad bone: Mark Hix cooks with cutlets and ribs

Mark Hix cooks with cutlets and ribs

If you ignore cutlets and ribs, you'll risk missing out on some delicious and easy meals, says our chef.
The experts' guide to summer: From getting fit for the beach to recreating that Olympic buzz

The experts' guide to summer

From getting fit for the beach to recreating that Olympic buzz
Sex, drugs and fast cars: The legend of James Hunt has set Hollywood hearts racing

Legend of James Hunt has set Hollywood hearts racing

Early glimpses of Ron Howard's film Rush suggest it will portray Hunt as a high-living lothario, with an insatiable appetite for partying.
Macklemore: 'I don't have moderation when using drugs and alcohol. It was hurting my life'

Macklemore: 'I don't have moderation'

The next Vanilla Ice or the next Eminem? Macklemore doesn't have a record contract – but he does have the UK's biggest-selling single of the year.
Don't be shy: Bill Granger's Sri Lankan recipes

Don't be shy: Bill Granger's Sri Lankan recipes

Sri Lankan cuisine is light, sunny, wonderfully spiced – and so easy to cook from scratch. Just as soon as you've broken into the coconut, that is.
Sir James Dyson’s latest project: Cleaning up hospitals

Sir James Dyson’s latest project: Cleaning up hospitals

Doctors are hailing the revamp of a Bath neonatal unit, where babies sleep more and feed better, as the model for patient care
One man returns to Argentina's town that drowned

One man returns to Argentina's town that drowned

Epecuen was submerged under 10 metres of water in 1985. Now the floods have gone – and 83-year-old Pablo Novak has moved back in
The real thing? Historian publishes Coca Cola's 'secret formula'

The real thing?

Historian publishes Coca Cola's 'secret formula'
Gordon Ramsey's worst nightmare: A restaurant he cannot save

Gordon Ramsay's worst nightmare: A restaurant he cannot save

The pugnacious chef finally met a shambolic restaurant he couldn't save. John Walsh on when TV makover refuseniks fight back
Join Ryanair! See the world! But we're only paying you for nine months a year

Join Ryanair! See the world! But we're only paying you for nine months a year

Glamorous myth of the flight attendant lifestyle undermined by angry employee's claims of 'exploitation'
Braising saddles: Did the recent furore scupper sales of horse meat? Neigh, far from it!

Braising saddles: How to cook horse meat

Did the recent furore scupper sales of horse meat? Neigh, far from it! Will Coldwell hoofs it to the kitchen.
Why bitters are back on the bar: A few little drops pack a big punch in cocktails

Why bitters are back on the bar

A few little drops pack a big punch in cocktails. No wonder we're learning to love them again...