Home Loan Interest Rates Fall to as Low as 7% Amid Excess Liquidity in Banks
Home loan interest rates in Nepal have fallen to as low as 7% as banks struggle to use excess liquidity amid a slowdown in the real estate market. With weak….
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Mercedes Reaches $150 million Settlement With US Over Diesel Scandal
Mercedes Benz has consented to pay 149.6 million dollars to resolve a lawsuit brought against the company by the U.S. that claimed the company was cheating in its emission tests….
Italy Fines Apple Nearly 100m Euros Over App Privacy Feature
Italy’s competition authority has fined Apple €98 million for misusing its strong control over the App Store by imposing strict privacy rules on other app developers. The watchdog said Apple’s….
New York Times Reporter Sues Google, xAI, OpenAI Over Chatbot Training
Investigative journalist John Carreyrou, known for exposing the Theranos scandal, has sued several major AI companies, including xAI, OpenAI, Google, Meta, Anthropic, and Perplexity, for allegedly using copyrighted books by….
Preparations Underway For Budhigandaki ‘A’ And ‘B’ Hydropower Projects
The Budhigandaki Hydropower Projects A and B in Gorkha district started their preparatory work. These are the 13.4 MW Budhigandaki A and 226 MW Budhigandaki B that utilize run of….
Installation of trash barriers to trap the garbage in the Bagmati River
To prevent the floating trash from the Bagmati River, the Bagmati Civilization Integrated Development Committee has put up trash barriers in six locations across the Bagmati River. Constructed for Rs….
Tatopani to Ghansa section of the Kaligandaki Corridor Highway upgraded
The road between Tatopani in Myagdi and Ghansa in Mustang has been improved as part of the national pride initiative, Beni Jomsom Korala, connecting Nepal to China and India. A….
China’s power reforms, global data centre buildout usher in battery boom
China’s changes to its electricity market and new government support are making energy storage more profitable, leading to a major boom for Chinese battery makers. Demand is rising fast both….
CGT collection drops by more than 50% to Rs 4.01 billion in five months
The government’s income from capital gains tax on share trading fell sharply by about 56% in the first five months of the current fiscal year compared to the same period….
Shares in South Korea’s LGES Drop More Than 7% After Ford Cancels EV Battery Deal
Stocks of LG Energy Solution declined drastically when it reported that Ford had withdrawn an intended arrangement to purchase batteries to power electric vehicles. Due to changes in policy and….