US and China reach framework for trade deal ahead of Trump-Xi Meeting

File Photo The American and Chinese flags wave at Genting Snow Park ahead of the 2022 Winter Olympics, Feb. 2, 2022, in Zhangjiakou, China. Photo Courtesy: AP

Kathmandu: The United States and China have agreed on the framework of a potential trade deal that will be finalized when President Donald Trump meets Chinese President Xi Jinping later this week, US Treasury Secretary Scott Bessent said on Sunday. The framework includes a final agreement on TikTok’s US operations and a one-year deferral of… Continue reading US and China reach framework for trade deal ahead of Trump-Xi Meeting

Sanae Takaichi elected as Japan’s first female Prime Minister

Kathmandu: Japan’s ruling Liberal Democratic Party (LDP) has elected Sanae Takaichi as its new leader, paving the way for the 64-year-old conservative politician to become the country’s first female prime minister. A former minister and television host known for her outspoken views and heavy metal drumming hobby, Takaichi is among the most prominent—and controversial—figures in… Continue reading Sanae Takaichi elected as Japan’s first female Prime Minister

U.S. Government shuts down as funding talks collapse

Kathmandu: The U.S. government shut down at midnight after Congress and the White House failed to strike a deal to extend federal funding, leaving hundreds of thousands of federal workers without pay and key services disrupted. Despite controlling both chambers of Congress, President Donald Trump’s Republican Party could not secure enough Democratic votes in the… Continue reading U.S. Government shuts down as funding talks collapse

International Nuclear Elimination Day being observed today

Kathmandu: The International Day for Total Elimination of Weapons is to be observed in different countries with various awareness creating programme on disarmament of nuclear weapons. This day has been observed at the call of the United Nations since 2013. However, the first proposal for global nuclear disarmament was presented at the UN General Assembly… Continue reading International Nuclear Elimination Day being observed today

India, US hold trade talks amid stalled negotiations

Kathmandu: India and the United States held a day of trade discussions on Tuesday, raising hopes that stalled negotiations on a bilateral agreement could soon resume. A US delegation led by trade negotiator Brendan Lynch met officials from India’s commerce ministry in Delhi. While India described the meeting as a “discussion” rather than a formal… Continue reading India, US hold trade talks amid stalled negotiations

Russian strikes hit Kyiv government building, Zelensky vows response

Kathmandu: Ukrainian President Volodymyr Zelensky has condemned overnight Russian missile strikes on Kyiv’s main government building as a “ruthless attack,” vowing that Ukraine will deliver an “appropriate response.” According to Zelensky, at least four people, including an infant, were killed, and more than 44 others injured after residential blocks across the capital were struck. Until… Continue reading Russian strikes hit Kyiv government building, Zelensky vows response

Third earthquake in six days hits South-Eastern Afghanistan

Kathmandu: A magnitude 5.6 earthquake struck Afghanistan’s south-eastern region on Thursday night, the third quake to hit the country in less than a week, BBC reported. The shallow tremor hit at 20:56 local time (15:36 GMT), shaking Nangarhar and Kunar provinces and sending residents rushing out of shelters. While there has been no official confirmation… Continue reading Third earthquake in six days hits South-Eastern Afghanistan

Trump’s 50% tariffs on India take effect, Modi responds with tax cuts

Kathmandu: U.S. President Donald Trump’s steep 50 percent tariffs on Indian imports came into force on Tuesday, weeks after Washington imposed an additional 25% penalty on New Delhi over its purchases of Russian oil and weapons, BBC reported. The move places India, one of America’s closest Indo-Pacific partners, among the countries facing the world’s highest… Continue reading Trump’s 50% tariffs on India take effect, Modi responds with tax cuts

Trump hosts Zelensky, European leaders for Washington Talks amid fresh Russian strikes

BBC

Kathmandu: Former U.S. President Donald Trump called it a “big day” at the White House on Monday as he prepared to meet Ukrainian President Volodymyr Zelensky and key European leaders for high-stakes talks on the Russia-Ukraine war. The summit comes just hours after Russian missile strikes killed at least 10 people in Ukraine, prompting Zelensky… Continue reading Trump hosts Zelensky, European leaders for Washington Talks amid fresh Russian strikes

US, China extend trade truce until November, avoiding new tariff hikes

File Photo The American and Chinese flags wave at Genting Snow Park ahead of the 2022 Winter Olympics, Feb. 2, 2022, in Zhangjiakou, China. Photo Courtesy: AP

Kathmandu: The United States and China have agreed to extend their trade truce until 10 November, hours before higher tariffs were set to take effect, BBC reported. In a joint statement, both sides confirmed that the 30% US tariff on Chinese imports and China’s 10% tariff on US goods will remain in place for another… Continue reading US, China extend trade truce until November, avoiding new tariff hikes