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Boohoo dives into debt as losses soar to £160m and sales slump

Online fashion retailer cut over 1,000 jobs in year to February amid competition from rival Shein and resurgent high streetBoohoo has cut more than 1,000 jobs and dived into debt after its losses soared and sales slumped 13% amid heavy competition from the Chinese online seller Shein and the revival of the high street after the pandemic lockdowns.The...

Wed May 8, 2024 11:09
‘Countries are now forced to confront it’: Rise in Chinese espionage arrests alarms Europe

Increase in cases reflects changing mood across continent towards Chinese threats, say expertsAs China’s president, Xi Jinping, arrived in Serbia for the second leg of his European tour, authorities across the continent were grappling with a wave of allegations about Chinese spying.On Tuesday, the UK prime minister, Rishi Sunak, revealed that a “malign...

Wed May 8, 2024 09:08
Chinese network behind one of world’s ‘largest online scams’

Exclusive: Vast web of fake shops touting designer brands took money and personal details from 800,000 people in Europe and US, data suggestsMore than 800,000 people in Europe and the US appear to have been duped into sharing card details and other sensitive personal data with a vast network of fake online designer shops apparently operated from China.An...

Wed May 8, 2024 07:08
Serbia prepares warm welcome for Xi in contrast to China-EU tensions

Chinese president hails two countries’ friendship before his arrival, after visiting Pyrenees with MacronChinese flags adorned highways as Serbia got ready to give a home-from-home welcome to Xi Jinping, contrasting tensions on the first leg of the Chinese president’s six-day European tour over a potential trade war with the EU.Xi prepared for his arrival...

Tue May 7, 2024 19:10
China angles for Gaza mediation role to expand influence in Middle East

Beijing joins France in urging Israel against Rafah offensive in latest effort to make diplomatic mark Middle East crisis – live updatesXi Jinping, sensing a diplomatic opening, is stepping up China’s intervention in the Middle East crisis, issuing a joint statement with the French president, Emmanuel Macron, to urge Israel not to go ahead with an offensive...

Tue May 7, 2024 18:00
China accuses Australian navy helicopter of flying near airspace in ‘provocative move’

Foreign ministry says Chinese jet pilot took ‘necessary measures at the scene’ after Australia claimed flares were released in front of helicopterGet our morning and afternoon news emails, free app or daily news podcastChina’s foreign ministry has accused an Australian navy helicopter of deliberately flying “within close range” of Chinese airspace...

Tue May 7, 2024 13:40

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