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U.S. threatens action against Iran after Russia U.N. veto

The United States threatened unilateral action against Iran on Monday after Russia vetoed a western bid for the United Nations Security Council to call out Tehran for failing to prevent its weapons from falling into the hands of Yemens Houthi group. If Russia is going to continue to cover for Iran then the U.S. and our partners need to take action on our own. If were not going to get action on ...


Oil hits two-week high as Saudi Arabia to keep output well below cap
Source: Reuters

Oil hits two-week high as Saudi Arabia to keep output well below cap

Oil prices extended gains to hit two-week highs on Monday, supported by comments from Saudi Arabia that it would continue to curb exports in line with the OPEC-led effort to cut global supplies. U.S. West Texas Intermediate crude for April delivery was up 25 cents, or 0.4 percent, at $63.80 a barrel by 0301 GMT after rising 3 percent last week. London Brent crude gained 13 cents, or 0.2 perc...


Government has decided to dissolve the National Trading Limited

The government has decided to dissolve the National Trading Limited, a public enterprise established some five decades ago, to ensure regular Supply of essential goods at reasonable prices. Stating that it was not commercially viable to continue its operation with the government support, a cabinet meeting held at Baluwatar on Monday decided to dissolve the public enterprise. Lately, the public...


Heat wave leaves thousands of Australian homes without power
Source: Reuters

Heat wave leaves thousands of Australian homes without power

More than 10,000 homes in Australias second most populous state were stuck without power on Monday as a surge in demand amid scorching heat overloaded the grid, in the latest blow to the nations stretched power sector. The outages on distribution networks, which hit more than 50,000 homes on Sunday, came less than a year after Australias biggest city, Sydney, was hit by blackouts during a heatw...


Japan to extend a grant assistance of Rs324. 8 million for food security

Shankar Prasad Adhikari, secretary at the Ministry of Finance, and Japanese Ambassador to Nepal Masashi Ogawa exchanged notes to this effect of behalf of their respective governments at the Ministry of Finance on Thursday. The aid aims to assist the government of Nepal in implementing the programme to ensure the needy people food security, according to a statement issued by the Japanese Embassy...


World's richest increase their wealth by $762 billion in 2017, poorest half get nothing from it: Oxfam

According to a report by Oxfam, the worlds richest 1% became richer by $762 billion in 2017 alone; the poorest half got nothing of it. According to Oxfam, the wealthiest 1% of the entire population became richer by $762 billion in 2017 alone. That amount of money could have ended global poverty seven times over, the report says. In a report named Reward Work, Not Wealth published by Oxfam, they s...


Australia's plans for cannabis market dominance are more smoke than fire
Source: Reuters

Australia's plans for cannabis market dominance are more smoke than fire

When Australia said this month it would allow exports of medicinal cannabis in a bid to dominate a global market set to be worth $55 billion by 2025, investors scrambled to buy shares in marijuana companies - pushing several of them, and the sector as a whole, to record highs. But convoluted and restrictive licensing demands, substantial finance requirements and a guarded medical profession mea...


Nepal receives Chinese internet, breaks Indian monopoly

Until yesterday all the internet you were using was coming from India; from today, you cant be too sure. Nepal Telecom is officially connected to the Chinese internet from today. There should be no disruption while using Google, Facebook, and other services as Nepal is connected to Hong Kong servers. This move has officially ended Indias monopoly over internet Supply to Nepal, creating a platform ...


Hydropower for industrialization and income generation: President

President Bidhya Devi Bhandari has said that generating more hydropower is key to increasing income of people and enhancing industrialization in the country. Inaugurating Himalayan Hydro Expo 2018 on Friday, president Bhandari stressed on need for developing hydroelectric plants to tap the hydropower potential of the country. Clean energy can be an important means to do away with more expe...


'Bomb cyclone' hits U.S. East Coast energy, power Supply

A severe winter storm froze pipes and disrupted services at refineries on the U.S. Atlantic coast on Thursday, sending fuel prices higher as heavy snowfall and high winds caused electricity outages for almost 80,000 homes and businesses. The only nuclear plant in Massachusetts was shut just after 2 p.m. because of the failure of a line that connects the reactor to the power grid. Entergy Corp w...


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