Phillips-Van Heusen – the owners of the Calvin Klein brand – is set to buy Tommy Hilfiger for $3 billion (£2bn) in a move that will create one of the world’s largest apparel companies.

Paying off the most expensive debt first, a ban on credit limits, and better repayment plans – these are just some of the new rights afforded to consumers with regards to credit cards.

Ireland’s Catholic Church leader has resisted calls to resign after it emerged that he was involved in meetings with child victims of sex abuse forced to sign an oath of secrecy.