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By Leika Kihara TOKYO, June 1 (Reuters) – Japan must promote usage of yen-based stablecoins for settlement in Asia and create a legal framework to allow trading of crypto exchange-traded funds (ETF), a ruling party panel said in a proposal to the government on Monday. “Crypto-ETFs would provide investors with easy-to-understand ways of investment,” the proposal said, calling on the government to position the product as an official means of […]

TOKYO, June 1 (Reuters) – Japan’s Shionogi & Co said on Monday the U.S. Food and Drug Administration has approved its oral antiviral Ensitrelvir, commercially known as Xocova, for the preventive treatment of individuals who have been exposed to COVID-19. “XOCOVA is the first and only oral option clinically proven to help prevent symptomatic COVID-19 after exposure among study participants regardless of vaccination status,” Nathan McCutcheon, CEO of Shionogi’s U.S. […]

(Corrects to Huang in second reference in paragraph 4) SEOUL, June 1 (Reuters) – Shares in Samsung Electronics, LG Electronics and other South Korean tech firms rallied on Monday, as expected meetings between Nvidia CEO Jensen Huang and Korean executives boosted hopes of tie-ups in AI and robotics. Chipmaker Samsung Electronics was also buoyed by data that South Korea’s semiconductor exports surged to a record high in May on the […]

KUALA LUMPUR, June 1 (Reuters) – Malaysia has begun barring those aged under 16 from registering accounts on social media platforms, its communications regulator said on Monday, as it boosts efforts to protect minors from exposure to harmful content online.             The Southeast Asian nation joins a growing number of countries introducing measures to regulate access to online platforms, amid mounting concerns over the impact of social media on children’s health and safety.               […]

By Olivia Le Poidevin GENEVA, June 1 (Reuters) – The International Labour Organization begins its final round of talks on Monday on the first binding employment standards for platforms offering services such as ride-hailing, food delivery and e-commerce. A central sticking point is whether protections such as the minimum wage and benefits such as healthcare, sick leave and social security should apply to all workers on these platforms, or depend on […]

Until three years ago, Sara Cabral’s faith experience was on trend with other Southern European youth — a “Catholic but never practicing” upbringing with little relevance to her life on Spain’s Canary Islands. Then she listened to a song from a faith youth group that felt as if God were speaking to her. She joined the group, and now in addition to its weekly adoration with music sessions, Cabral is […]

PORT-AU-PRINCE, Haiti (AP) — Soccer fans in Haiti have for decades gathered in front of televisions and radios to support Brazil in every World Cup. But not this year. Haiti has qualified for the global tournament for the first time since 1974, and the excitement is brimming. Spontaneous soccer games are erupting on dusty lots while shirts emblazoned with the country’s team players are sold at a growing number of […]

BANGKOK (AP) — Rescue workers in Laos searched Monday for an alternative passage into a flooded cave where two people are believed to have been trapped for nearly two weeks after heavy rainfall flooded the main entrance, making it impassable. The two people remain unaccounted for since a search and rescue operation began last month in a rugged area of Xaisomboun province, about 120 kilometers (75 miles) north of the […]

SEOUL, South Korea (AP) — An explosion and fire occurred at a defense company in South Korea on Monday, killing five people and injuring two others, officials said. The deadly incident happened at a worksite run by Hanwha Aerospace in the South Korean city of Daejeon. Other details, including the cause of the explosion, were not immediately available. Emergency official Yoon Seong-su said that the area is a government-designated security […]