Burberry profits slump by 40% as demand for luxury goods slows

British fashion retailer hit by drop in sales in Asia and Americas, and expects challenging first half of 2025

Burberry’s profits have slumped by 40% in a year amid a wider slowdown in demand for luxury goods that has pushed down sales in Asia and the Americas.

The high-end UK fashion retailer posted a pre-tax profit of £383m for the year up to 30 March in its preliminary results on Wednesday, a 40% drop on the £634m in the previous 12 months. Global sales fell by 8% in the second half of the year.

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South China Sea: huge civilian Filipino flotilla heads to disputed shoal to ‘assert sovereign rights’

Philippines coast guard and navy watch as wooden boats head to Scarborough shoal to place buoys and hand food packs to local fishers

A flotilla of about 100 mostly small fishing boats led by Filipino activists has set sail for a disputed shoal in the South China Sea, where Beijing’s coast guard and suspected militia ships have used powerful water cannon to ward off what they regard as intruders.

The Philippine coast guard and navy deployed one patrol ship each to keep watch from a distance on the activists and fishers, who set off on wooden boats with bamboo outriggers on Wednesday to assert Manila’s sovereignty over the Scarborough shoal. Dozens of journalists joined the three-day voyage.

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Singapore to get guitar-playing new PM in first transfer of power for 20 years

Lee Hsien Loong will stand down and hand power to his deputy Lawrence Wong at a challenging time for the city state

Singapore’s prime minister, Lee Hsien Loong, will stand down on Wednesday and hand power to his deputy Lawrence Wong, the first change of power in the city state in two decades.

Wong, 51, a US-trained economist credited with managing the country’s response to the pandemic, will be the fourth prime minister to lead Singapore, and is the first leader to have been born after the country’s independence in 1965. He is also only the second leader who is not a member of the founding Lee family. He will be inaugurated in a ceremony on Wednesday night.

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France declares state of emergency in New Caledonia after deadly riots

Macron holds crisis meeting amid unrest over plan to increase number of French nationals eligible to vote in Pacific territory

France has said it will impose a state of emergency in New Caledonia for at least 12 days, after a second night of unrest over changes to voting rights in the overseas territory that has resulted in the deaths of at least four people.

More than 130 people have been arrested and more than 300 injured, according to the french high commission.

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‘Impossible’ heatwave struck Philippines in April, scientists find

Human-caused climate crisis brought soaring temperatures across Asia, from Gaza to Delhi to Manila

The record-breaking heatwave that scorched the Philippines in April would have been impossible without the climate crisis, scientists have found. Searing heat above 40C (104F) struck across Asia in April, causing deaths, water shortages, crop losses and widespread school closures.

The extreme heat was made 45 times more likely in India and five times more likely in Israel and Palestine, the study found. The scientists said the high temperatures compounded the already dire humanitarian crisis in Gaza, where displaced people are living in overcrowded shelters with little access to water.

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Political activist held in Thai jail dies after 65 days on hunger strike

Netiporn Sanae-sangkhom, 28, faced seven court cases including two for criticising Thailand’s monarchy

A political activist charged with insulting the king of Thailand has died in pre-trial detention after spending 65 days on hunger strike calling for an end to the imprisonment of political dissidents.

Netiporn Sanae-sangkhom, 28, had been detained since 26 January and maintained a hunger strike until the end of April, refusing food and water, according to her lawyers. The corrections department said she had experienced cardiac arrest on Tuesday morning and was unresponsive to treatment.

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Biden announces 100% tariff on Chinese-made electric vehicles

White House levy to protect US makers from cheap imports likely to inflame trade tensions

The US president, Joe Biden, has announced a 100% tariff on Chinese-made electric vehicles as part of a package of measures designed to protect US manufacturers from cheap imports.

In a move that is likely to inflame trade tensions between the world’s two biggest economies, the White House said it was imposing more stringent curbs on Chinese goods worth $18bn.

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Dozens killed in cold lava mudslides on Indonesian island of Sumatra

Nearly 20 missing after monsoon rains trigger flash floods, sending torrents of volcanic material and mud down slopes of Mount Marapi volcano

Heavy rains triggered flash floods and caused torrents of cold lava and mud to flow down a volcano’s slopes on Indonesia’s Sumatra island, killing at least 41 people and leaving more than a dozen others missing, officials have said.

Monsoon rains and a major mudslide from a cold lava flow on Mount Marapi caused a river to breach its banks and tear through mountainside villages in four districts in West Sumatra province just before midnight on Saturday. The floods swept away people and submerged more than 100 houses and buildings, national disaster management agency spokesperson Abdul Muhari said on Sunday.

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South Korean state-owned nuclear developer in talks to build UK plant

Kepco has held discussions about developing Wylfa Newydd site on Anglesey

South Korea’s state-owned nuclear developer has discussed building a multibillion-pound power plant in Wales with the UK government, it has emerged.

Kepco, the largest utility provider in South Korea, has held early-stage discussions with Westminster officials about developing the Wylfa Newydd site on the island of Anglesey (Ynys Môn), the Financial Times reported.

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Sake takes UK by storm as Japan’s national drink goes mainstream

No longer just drunk for courage at karaoke clubs, the ‘food-friendly’ rice spirit is becoming a first choice of connoisseurs

When sommelier Erika Haigh opened the UK’s first independent sake bar, in London’s West End in 2019, passersby would wander in and try to order milkshakes, bewildered by the unfamiliar drink advertised in the window.

“Today, that confusion has largely disappeared,” said Haigh, who has since opened Mai Sake, a shop offering tasting events and meals. “You can now go on a sake bar crawl across London, and you’ll find it featured on the beverage lists of many restaurants – including non-Japanese establishments.”

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Chinese woman jailed for reporting on Covid in Wuhan to be freed after four years

Citizen journalist Zhang Zhan’s search for the truth during the early days of the pandemic was seen as a threat by the authorities

A Chinese citizen journalist who has been in prison for four years after reporting on the early days of the Covid-19 epidemic in Wuhan is due to be released on Monday.

Zhang Zhan, a former lawyer, travelled to Wuhan in February 2020 to document the Chinese government’s response to what became the start of a global pandemic. She shared her reports on X (then known as Twitter), YouTube and WeChat. She was one of the few independent Chinese reporters on the ground as Wuhan and the rest of China went into lockdown.

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Shein ‘steps up plan for London IPO’ amid US listing hurdles

Sources say Singapore-based online fashion retailer founded in China prefers a float in New York but faces tougher scrutiny than expected

The fast-fashion company Shein is stepping up preparations for a London listing after its attempt to float in New York faced regulatory hurdles and pushback from US lawmakers, sources have told Reuters.

The online clothing retailer plans to update China’s securities regulator on the change of the initial public offering (IPO) venue and file with the London Stock Exchange (LSE) as soon as this month, said one source.

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Biden White House to expand tariffs on Chinese trade

President likely to add sectors such as electric vehicles, batteries and solar cells to range of levies set up under Donald Trump

Joe Biden is expected as early as next week to announce fresh tariffs on Chinese trade, with levies focused on strategic sectors including electric vehicles, in a review of measures first put into place under Donald Trump.

An announcement planned for Tuesday will keep the blanket tax rises introduced by the president’s predecessor but supplement them with targeted levies on industries connected to EVs, including batteries and solar cells, according to reports.

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Flights cancelled and tourists stranded as Air Vanuatu put into voluntary liquidation

Troubled airline had earlier cancelled flights to Australia and New Zealand, citing ‘maintenance’ requirements

The Pacific Island country of Vanuatu has put its national carrier Air Vanuatu into voluntary liquidation, after it cancelled flights to Australia and New Zealand, leaving tourists stranded.

The airline had cited extended maintenance requirements for its aircraft when it cancelled its flights through to Sunday.

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Chinese PR boss says sorry after glorifying work-till-you-drop culture

In a crisis of her own making, Qu Jing also threatened Baidu staff who dared to question her management style

The head of public relations at China’s biggest search engine, Baidu, has apologised after creating her own PR crisis with a series of videos glorifying the country’s work-till-you-drop culture.

Qu Jing, who is also vice-president at the company, said she would not take responsibility for her staff’s wellbeing “as I’m not your mother” in the videos posted over the May bank holiday on Douyin, the most popular short-video app in China. In another she said: “If you work in public relations, don’t expect weekends off.”

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Malaysia plans to give orangutans to countries that buy palm oil

‘Orangutan diplomacy’ strategy aims to ease concern over environmental impact of palm oil production, says minister

Malaysia plans to give orangutans as gifts to countries that buy its palm oil as part of an “orangutan diplomacy” strategy to ease concerns over the environmental impact of the commodity.

The south-east Asian country is the world’s second biggest producer of palm oil, which is found in more than half of supermarket packaged goods – from pizza and biscuits, to lipstick and shampoos. Global demand for palm oil has been blamed for driving deforestation in Malaysia and neighbouring Indonesia.

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Former Fiji PM Frank Bainimarama sentenced to year in jail

Long-serving leader Frank Bainimarama has been sentenced to a year in prison for perverting the course of justice

Fiji’s former long-serving prime minister Frank Bainimarama has been sentenced to a year in prison for perverting the course of justice, the country’s director of public prosecutions said.

Bainimarama was initially spared jail in the case during sentencing last month, before an appeal by the country’s director for public prosecutions. On Thursday, that appeal was upheld by Fiji’s high court.

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Court bans Glory to Hong Kong protest song prompting further fears for free speech

The territory’s justice minister has called for the anthem to be removed from the internet in the wake of the ruling

Hong Kong has demanded a protest song that was made popular during pro-democracy demonstrations in the territory be removed from the internet, in the wake of a court ruling which banned it.

In its judgment on Wednesday, the court of appeal described the song Glory to Hong Kong as a “weapon” to incite violent protests in 2019.

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Shohei Ohtani interpreter to plead guilty to stealing millions from MLB star

  • Ippei Mizuhara faces long jail sentence after admission
  • Plea deal will absolve Ohtani of any wrongdoing

Ippei Mizuhara, the former interpreter for Japanese baseball star Shohei Ohtani, will face up to 33 years in jail when he pleads guilty to stealing millions of dollars from his former friend.

Mizuhara has admitted to one count of bank fraud and one count of subscribing to a false tax return. As well as a length jail term, he must also pay $16,975,010 in restitution to Victim A, assumed to be Ohtani. Mizuhara will enter his guilty plea in the coming weeks and is set to be arraigned on 14 May, prosecutors said.

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‘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 experts

As 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 actor” had compromised British military payroll records, with reports pointing the finger at China.

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