RT News - December 16, 2014 (12:00 MSK)

Gunmen storm a military school in Pakistan taking up to 500 people hostage. Reports say up to six children have been killed. A rescue operation is said to be underway right now. In its most drastic move since the nineties economic crisis, the Russian central bank hikes interest rates in attempt to save the sliding rouble. With the Australian siege ending in the deaths of three, security officials face tough questions - while the attacker's motives remain a mystery. The most wanted whistleblower to some, and a hero to others - Edward Snowden's cult of personality rises in Germany.