National News - Page 3
US Fed Holds Interest Rates Steady as Inflation and Living Costs Remain Major Concerns
The US Federal Reserve has kept interest rates unchanged despite persistent inflation and rising living costs, balancing price stability against a weakening labor market and growing economic risks.
Cyclone ‘Arnab’ Raises Flood Risks Across Major River Basins in Nepal
Nepal’s Flood Forecasting Division has warned of rising river levels and possible flash floods and inundation until November 1 due to the impact of Cyclone ‘Arnab’, urging residents in vulnerable areas to remain alert.
Mechi Corridor Road Contract Terminated After Progress Stalls at 47%
The Ilam Road Division has terminated the contract for the 9.5-kilometer Belase–Golakharka Bhanjyang road section after construction progress remained at just 47% despite repeated deadline extensions.
Cyclone ‘Arnab’ to Bring Rain, Snowfall Across Nepal Until Saturday
The impact of Cyclone ‘Arnab’ in neighboring India is expected to bring cloudy skies, rainfall, and snowfall to several parts of Nepal until Saturday, with authorities warning of possible heavy precipitation and travel disruptions.
Spain Train Collision Kills 68, Dozens Injured in Deadly Rail Disaster
At least 68 people have died and dozens more have been injured after two high-speed trains collided in central Spain on Wednesday morning. The crash sent several carriages off the tracks and raised initial concerns over a computer system failure and possible human error.
Nepal Calls for Space Technology to Tackle Climate Disasters in the Himalayas
Energy Minister Biraj Shrestha has stressed the need for satellite monitoring, regional cooperation and stronger early warning systems to address climate-induced disasters in the Himalayan region, warning that their impacts can extend hundreds of kilometres downstream.
Good News for Kathmandu Valley Residents: Citizenship Copies Now Available Without Visiting Home Districts
Residents of the Kathmandu Valley originally from other districts can now obtain duplicate copies of their citizenship certificates from designated district administration offices within the Valley, subject to biometric verification and digital record matching.
Anthropic Files for IPO, Eyes Potential $100 Billion Fundraising
Anthropic, the developer of Claude AI, has filed for an Initial Public Offering (IPO) in the United States, seeking a Nasdaq listing under the ticker symbol “ANT.” Reports suggest the offering could raise up to $100 billion at a valuation of $1.5 trillion to $2 trillion, potentially setting a new record for the world’s largest IPO.
Snow Rivers Appoints Rajan Babu Pant as Board Director
Snow Rivers Limited has appointed shareholder Rajan Babu Pant as a director to fill the vacancy left by former director Mohan Bikram Karki, who resigned from the position.
NEA Issues Weather Alert as Heavy Rainfall Threatens Power Infrastructure
Nepal Electricity Authority (NEA) has urged the public to remain alert as moderate to heavy rainfall is forecast in various parts of the country on Kartik 13 and 14, with potential risks of floods, landslides, lightning and power disruptions.
Energy Minister Biraj Bhakta Shrestha Leaves for Bangkok to Attend Regional Conference
Energy Minister Biraj Bhakta Shrestha has departed for Bangkok, Thailand, to participate in the Fifth Ministerial Conference on Space Applications for Sustainable Development in Asia and the Pacific, where he is expected to raise issues related to disaster early warning systems, satellite data access and climate compensation.
Over 73,000 Nepalis Receive Foreign Employment Permits in a Month
Nepal issued final labor approvals to 73,765 citizens for foreign employment during the month of Asoj, with the United Arab Emirates (UAE) emerging as the most popular destination, according to the Department of Foreign Employment.