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Burberry warns 1,700 jobs at risk after annual loss
Burberry warns 1,700 jobs at risk after annual loss
by  AFP

British luxury fashion label Burberry said Wednesday it could shed almost one-fifth of its global workforce over two years to reduce costs as it fell into an annual net loss. Net loss stood at £75 million ($99.8 million) in the 12 months to the end of March, compared to a profit of £270 million one year earlier, Burberry said in a statement.

Colombia joins Belt and Road initiative as China courts Latin America
Colombia joins Belt and Road initiative as China courts Latin America
by  AFP

Colombia formally agreed on Wednesday to join China's vast Belt and Road infrastructure initiative, as Beijing draws Latin America closer in a bid to counter the United States. On the sidelines of a major gathering of regional leaders in Beijing on Wednesday, Colombia became the latest country to join the vast, global initiative.

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