Tapestry, the US owner of lifestyle brands including Coach and Kate Spade, said Thursday it will acquire Michael Kors parent company Capri for $8.5 billion, creating a new global fashion giant to compete with European powerhouses.

The last time rates were this high was in April 2008, in the midst of the global financial crash, with the UK's central bank expecting inflation to fall below five per cent in the autumn or winter.

Recent research has revealed gender disparities among small business owners in the UK, particularly when it comes to cash flow.

Britain's annual inflation rate slowed more than expected in June as it dropped below eight percent, official data showed Wednesday, easing the country's cost-of-living crisis.

Education Department aims to forgive student loans for 800,000 borrowers due to administrative errors, with changes made to income-driven repayment plans.

The Bank of England warns that nearly one million UK households will face higher mortgage payments due to rising interest rates, potentially impacting financial stability.

Britain's top lenders have passed stress tests to show they can withstand major economic shock, even as rising interest rates pressure the financial system, the Bank of England said Wednesday.

Stock markets bounced on Wednesday as data showed US inflation cooled more than expected in June, raising hopes that the Federal Reserve will soon end its cycle of interest rate hikes.

A study by Manx Financial Group reveals that a significant number of UK SMEs have been forced to reduce or halt their operations due to a lack of funds.

Major stock markets mostly rose Tuesday as China moved to boost its flagging economy, while the pound hit a 15-month high against the dollar on expectations of more aggressive UK interest rate hikes.

UK unemployment rose back to four percent in the three months to the end of May, official data showed Tuesday, as the economy struggles with stubbornly-high inflation.

UK outperformed other G7 nations' export growth in April with a 5.86 per cent increase to over $38 billion, surpassing Japan's 2.52 per cent gain, according to ParcelHero.

A global summit seeking to overhaul the international financial system wraps up Friday after taking small steps towards easing the debt burden of developing nations weighed down by climate and economic crises.

Biden has supported heavy public investment in such initiatives to address climate change and bolster US manufacturing.

Millions of Britons are facing fresh mortgage misery after the Bank of England increased interest rates by an unexpected half-point, putting homeowners at risk of higher repayments on their loans during a cost-of-living crisis.

Wall Street stocks fell after US Federal Reserve chief Jerome Powell warned Wednesday of further interest rate hikes, while European markets slid after a stubbornly high inflation reading in Britain.

The World Bank is looking to enhance aid to Ukraine for urgent repair projects in the transport, energy and housing sectors, the bank's director for operations Anna Bjerde said on Tuesday ahead of the Ukraine Recovery conference in London.

The UK will back Ukraine's economy to the tune of $3 billion over the next three years while it fights back against Russian forces, Prime Minister Rishi Sunak announced on Tuesday.

HSBC has unveiled a groundbreaking initiative with a £15 billion financing fund to improve market access and foster the growth of SMEs.

According to the report, three out of four persons above the age of 65 prefer to do at least one bank transaction at their branch and aren't comfortable going fully online despite the rising phenomenon of banking deserts in the country.

HSBC's return to the mortgage market amid rate adjustments reflects a turbulent landscape and changing economic conditions.

Britain's retail lenders are withdrawing fixed home-loan products, as elevated inflation sparks fears of more Bank of England interest rate hikes and worsens the cost-of-living crisis.

Despite narrowly escaping a technical recession late last year, the UK economy finds itself on fragile ground as high-interest rates loom.

The ECB has hiked interest rates by an unprecedented 3.75 percentage points since last July in an attempt to rein in rapidly rising consumer prices.

Despite the World Health Organisation declaring the pandemic over, its effects are still felt today, with a death toll totalling over 226,000 in Britain alone.

Maintaining responsible behaviour while enjoying casino games, emphasising self-control, setting limits, and maintaining a healthy mindset to mitigate potential risks associated with gambling are all crucial in the sport.

Online consultation set to revolutionise business rates system, prioritising fairness, transparency, sensitive data identification and information sharing.

Global policymakers are battling elevated inflation caused largely by runaway energy bills following last year's invasion of Ukraine by major oil and gas producer Russia.

UK interest rates have been raised for the 12th time in a row in a further attempt by the Bank of England to slow the rising cost of living, increasing the Bank's base rate from 4.25 to 4.5 per cent.

New data by JATO Dynamics reveals an overall drop in vehicle registrations worldwide whilst nations such as India and South Africa have increased registrations.