Italian luxury brand Prada's profits rise 74% on surging demand for its products in Asia.

UBS bank directors will meet in Singapore this week after the firm disclosed a $2.3bn (£1.5bn) loss due to rogue trades.

Department store Debenhams says profits will beat forecasts as sales continued to grow, albeit slowly, during the summer.

World Bank president Robert Zoellick warns that help from cash-rich emerging nations is no solution to the eurozone's debt crisis.

UK mortgage lending rose by 6% in August compared with July although seasonal factors were key to the rise, lenders say.

The global economy has entered a "dangerous new phase" of slow growth, the IMF says, as fears persist about the eurozone debt crisis.

Profits at airlines will drop by almost a third next year, according to a global airline body.

International Monetary Fund's latest World Economic Outlook cuts UK growth forecasts for 2011 and 2012.