Swiss central bank cuts rates by a quarter point in third trim this year
The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to 1.0%.
Reuters in asian news
H&M shares fall as much as 8% on profit miss and scrapped earnings margin target
Shares of H&M tumbled as much as 8% on Thursday after the world's second-largest listed fashion retailer posted a miss on operating profit and abandoned its earnings margin target.
Zoo to send giant pandas back to China because they’re too expensive to keep
Helsinki, Finland — Finland will return two giant pandas to China in November, more than eight years ahead of time, as the zoo where they live can no longer afford their upkeep, the chair of the zoo’s board told Reuters on Tuesday.
South Korea to criminalise watching or possessing sexually explicit deepfakes
South Korean lawmakers on Thursday passed a bill that criminalises possessing or watching sexually explicit deepfake images and videos, with penalties set to include prison terms and fines.
South Korea dangles US$75 million in incentives to get rid of dog meat trade for good
Park Beom-su, vice-agriculture minister, said the government would spend about 100 billion won (US$75 million) on incentives for dog breeders, farmers and restaurants to encourage them to shut their businesses.
Indian steelmakers seek higher tariffs as ‘predatory’ Chinese imports surge
India’s steelmakers have called on the government to double tariffs on steel imports to curb a surge in cheaper steel shipments from China, according to a letter from an industry association seen by Reuters.
To Lam tells Biden Vietnam a ‘friend’ as Hanoi seeks to balance US-China ties
US President Joe Biden met Vietnam’s President To Lam for talks on Wednesday, aiming to deepen relations with the Southeast Asian country and manufacturing hub and counter its ties with China and Russia.
Russia has secret war drones project in China, intel sources say in Reuters report
Russia has established a weapons program in China to develop and produce long-range attack drones for use in the war against Ukraine, according to two sources from a European intelligence agency and documents reviewed by Reuters.