Month: August 2024

NEPSE plunges with record decline and turnover surge

Kathmandu: On Tuesday, the Nepal Stock Exchange (NEPSE) experienced a dramatic drop, plunging by a record 145.05 points. The daily turnover surged to a historic high of Rs 23.71 billion. The NEPSE imposed a negative circuit breaker on the share prices of 11 companies during intraday trading. Seven of these companies, including Nepal Finance, Gurkhas… Continue reading NEPSE plunges with record decline and turnover surge

Nepali Embassy in Dhaka issues advisory amid unrest

Kathmandu: The Nepali Embassy in Dhaka has issued a crucial advisory to Nepali students and citizens in Bangladesh, urging them not to leave the country without first coordinating with the embassy. This comes as Bangladesh experiences significant unrest, including an indefinite curfew imposed across much of the country, including the capital Dhaka. Currently, around 400… Continue reading Nepali Embassy in Dhaka issues advisory amid unrest

Nepal govt announces Rs 50,000 relief for temporary housing to aid disaster-affected families

Kathmandu: To aid disaster-affected families, the government has decided to provide Rs 50,000 each to those who have lost their homes due to natural calamities such as floods, landslides, and fires. During a meeting held on Monday, the Disaster Management Executive Committee approved the new relief measure. Previously, financial assistance for temporary housing was only… Continue reading Nepal govt announces Rs 50,000 relief for temporary housing to aid disaster-affected families

Nepal govt and World Bank sign US$100 mn project to improve roads

Kathmandu: Nepal government and the World Bank today signed a financing agreement for a US$100 million concessional loan from the International Development Association (IDA) to help improve the connectivity, efficiency, resilience, and safety of Nepal’s provincial and local road network and strengthen the government’s capacity to manage the road network. The Provincial and Local Roads… Continue reading Nepal govt and World Bank sign US$100 mn project to improve roads

Global stock markets sink on US economy fears

File Photo. An investor looks an electronic board at the stock exchange in Shanghai. Photo courtesy: Reuters

Kathmandu: Stock markets across Europe and Asia tumbled on Monday, spooked by fears that the US economy is heading for a slowdown. In London, the FTSE 100 index opened 2.3% lower while the Euronext 100 tumbled by 3.5%. They followed sharp falls across Asia with Japan’s Nikkei 225 dropping 12.4% or 4,451 points in the… Continue reading Global stock markets sink on US economy fears

Bangladesh protesters resume march against PM after deadly day of clashes

Kathmandu: At least 90 people have been killed and hundreds more injured in clashes between police and tens of thousands of anti-government protesters in Bangladesh on Sunday. The unrest comes as student leaders have declared a campaign of civil disobedience to demand that the nation’s long-serving leader Prime Minister Sheikh Hasina step aside. Internet services… Continue reading Bangladesh protesters resume march against PM after deadly day of clashes

Nepal govt warns foreign firms over investment delays

Kathmandu: In a stern warning issued today, the Department of Industry (DoI) has cautioned approved foreign firms to expedite their pledged investments within the stipulated timeframe or face severe consequences. According to a public notice released by the DoI, authorized to oversee foreign direct investment (FDI), registered foreign firms must commence business operations within 35… Continue reading Nepal govt warns foreign firms over investment delays

Trump and Harris at odds over presidential debate

Kathmandu: US presidential candidates Donald Trump and Kamala Harris are at odds over their first head-to-head debate, with each in favour of a different broadcaster and date. The Harris campaign is pushing for a debate to take place on ABC News on 10 September, in a slot previously scheduled for a debate between President Joe… Continue reading Trump and Harris at odds over presidential debate

World’s biggest iceberg spins in ocean trap

Kathmandu: Something remarkable has happened to A23a, the world’s biggest iceberg. For months now it has been spinning on the spot just north of Antarctica when really it should be racing along with Earth’s most powerful ocean current. Scientists say the frozen block, which is more than twice the size of Greater London, has been… Continue reading World’s biggest iceberg spins in ocean trap