Business

Rs 25 billion estimated to be spent in elections access_time2017/10/28

Kathmandu - A large amount of money is estimated to be spent in holding two levels of elections—provincial and federal.  More than Rs 6.50 billion was spent in the recently concluded local level polls which were held in three phases, whil...

10 percent hike in garland price during Tihar access_time2017/10/13

-Sharmila Pathak  Kathmandu - There will be a 10 percent increment in the price of marigold garland during Tihar this year as compared to last year, with the demand increment for the garlands, and the festival that falls earlier this year, trad...

Samsung Electronics CEO resigns over 'unprecedented crisis' access_time2017/10/13

-BBC NEWS Samsung Electronics chief executive Kwon Oh-hyun has resigned citing an "unprecedented crisis". It is the latest management upheaval at the firm after the heir of the entire Samsung Group was imprisoned for corruption in Augus...

Equifax removes webpage after malware issue access_time2017/10/13

-BBC NEWS Equifax has taken down a customer help web page amid concerns over malware linked to the site. The firm said it took down the link for credit report assistance "out of an abundance of caution". The problem did not compromis...

BCC: 'Robust' manufacturing fails to boost UK growth access_time2017/10/13

-BBC NEWS Despite progress in the manufacturing sector, the UK economy grew at a muted rate in the third quarter of 2017, says the British Chambers of Commerce (BCC). It says the number of manufacturers reporting improved domestic sales and order...

Low-income tenants battle soaring rents access_time2017/10/13

-BBC NEWS Low-income tenants are now spending an average of 28% of their wages on rent, up from 21% in the mid-1990s, new research indicates. They have been hit by substantial cuts to housing benefit, with government support expected to fall &quo...

Apples worth fifty million rupees imported from India access_time2017/10/12

Biratnagar - Traders in Morang alone have imported apples worth fifty million rupees targeting the upcoming Tihar and Chhat festivals.  A total of 75 truckloads or 15 million cartoons of apple have been imported already, central member of Fruit...

Harvey Weinstein sacked after sexual harassment claims access_time2017/10/9

-BBC NEWS Harvey Weinstein, the Oscar-winning film producer accused of sexually harassing female employees, has been fired by the board of his company.  One of the biggest producers in Hollywood, Mr Weinstein was behind films including Shake...

UK retailers 'need EU workers after Brexit' access_time2017/10/9

-BBC NEWS Prices may rise and home deliveries could be slower unless the retail sector retains access to all EU workers after Brexit, a trade body has warned. EU citizens account for just 6% of the industry's 170,000 workforce, the British Re...

More than 60% of Monarch passengers back in the UK access_time2017/10/9

-BBC NEWS More than 60% of holidaymakers left overseas when Monarch Airlines collapsed have now flown back to the UK, the Civil Aviation Authority says. The CAA stepped in after all of Monarch's flights and holidays were cancelled, leasing an...

Airbnb paid £188,000 in UK tax last year access_time2017/10/9

-BBC NEWS Airbnb, the accommodation website, paid less than £200,000 in UK corporation tax last year despite collecting £657m of rental payments for property owners. The commissions the company earns in the UK are booked by its Irish ...

Qatar Airways and Rolls-Royce Host Successful Training Programme access_time2017/10/5

DOHA, Qatar - Qatar Airways and Rolls-Royce Host Successful Training Programme Qatar Airways’ Al Darb Qatarisation Programme develops young talent to become the leaders of the future 1 October 2017 DOHA, Qatar – Qatar Airways and Rolls-Royc...

World Bank to provide approx Rs 6 billion loan access_time2017/10/1

Kathmandu - The World Bank is to provide a loan assistance of approximately Rs 6 billion for the implementation of second phase of the Vocational Education and Training Project.  The bank approved the loan today which it is providing with the a...

Carillion unveils £1.15bn half-year loss access_time2017/9/29

-BBC NEWS Troubled UK building and services firm Carillion has said it made a loss of £1.15bn in the first half of this year and that its full-year results will be below current market expectations. The firm said it had taken an impairment ...

Investment of Rs 15 million for promotion of traditional skill-based enterprises access_time2017/9/24

Babiyachaur (Myygdi) - An investment of Rs 15 million has been mobilized in Myagdi for the promotion of enterprises based on indigenous skills.  The mobilization has been made through the Market Linkage Development for Conflict Survivors of Nep...

Muktinath Development Bank's support to flood victims access_time2017/9/21

Kathmandu - The Muktinath Development Bank has provided Rs 500 thousand for the support of the flood-affected people.  The national-level bank handed over the assistance to the Development Bankers' Association for providing it to the flood ...

Qatar Airways extends spectacular ‘Global Travel Boutique’ promotion for two additional days access_time2017/9/21

KATHMANDU, Nepal – Qatar Airways is pleased to extend its ‘Global Travel Boutique’ promotion for two additional days, offering passengers from around the world amazing fares on flights in Business Class. Now valid through 21 Septem...

Economic growth slows down in coming fiscal year, World Bank forecasts access_time2017/9/18

Kathmandu - The World Bank (WB) has said the economic activity in Nepal, which rebounded strongly in fiscal year 2017, has been impacted by severe floods occurred last months. Damaging floods in mid-August are likely to affect agriculture, economic act...

Nepal signs agreement for MCC grant assistance of USD 500 million access_time2017/9/15

(Madhukar Adhikari)  Washington DC - An agreement related to the Millennium Challenge Corporation (MCC) compact programme aimed at Nepal's economic development and eradication of poverty was signed amidst a function held in Washington DC on...

Qatar Airways announces launch of direct daily flights to Cardiff access_time2017/9/14

DOHA, Qatar – Qatar Airways is pleased to announce that it will launch direct daily flights to Cardiff commencing 1 May 2018, making the award-winning airline the first Gulf carrier to service Wales and Southwest England. Cardiff is a strategica...