Kathmandu, April 8 (IANS) Nepal’s economic growth is projected to slow significantly in the current fiscal year 2025–26, weighed down by the over-a-month-long US-Iran war and the lingering effects of the Gen Z movement in September last year, the World Bank said in a report on Wednesday. Real gross domestic product (GDP) growth is expected to moderate to 2.3 per cent in fiscal year 2025–26, which ends in mid-July, according to the World Bank’s biannual flagship report, Nepal Development Upda…
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Kathmandu, April 1 (IANS) Nepal has witnessed the impact of the ongoing West Asia crisis as the number of foreign tourist arrivals from Europe, the Americas, West Asia, and Africa has dropped sharply in March, the Nepal Tourism Board (NTB) said on Wednesday. The conflict has been ongoing since February 28, when the US and Israel launched a military attack on Iran. Its fallout is being felt across the world, with travel restrictions and rising prices affecting the entire global economy.Usually, N…
New Delhi, March 7 (IANS) Top government sources on Saturday allayed fears that current global energy situation can become a crisis for India, saying that the country currently holds over 250 million barrels (around 4,000 crore litres) of crude and petroleum products, providing about 7-8 weeks of buffer across the supply chain.These stocks are not held in a single location or a single form. They are distributed across above-ground storage tanks, underground strategic caverns, pipeline systems, t…
New Delhi, March 5 (IANS) Airfares on several major routes between North America and India have surged sharply after the closure of key airspace corridors disrupted long-haul flight operations, forcing airlines to reroute flights and reduce capacity.The disruption follows the escalation of conflict across parts of the Middle East, a region that normally acts as one of the world’s busiest aviation corridors.Several airlines have suspended operations, grounded aircraft, and cancelled routes, sig…
New Delhi, March 2 (IANS) UAE-based airlines Emirates and Etihad Airways announced on Monday that they will start operating a limited number of flights from the evening, after Dubai Airports confirmed a partial resumption of operations after the airport was closed due to the outbreak of hostilities between the US-Israel alliance and Iran.Emirates said it will prioritise customers with earlier bookings as it restarts services in phases. The airline will contact passengers who have been rebooked o…
New Delhi, Feb 5 (IANS) In a significant achievement, India has again been awarded the hosting rights for the 2026 Billie Jean King Cup (BJKC) Asia/Oceania Group I event, which will be held at the DLTA Stadium in New Delhi from April 7 to 11.Often referred to as the World Cup of women’s tennis, the tournament will see six nations compete in a round-robin format, with the top two teams earning promotion to the Billie Jean King Cup Play-offs scheduled for November 2026.Apart from host India, the…
Kathmandu, Feb 1 (IANS) Nepal made a hopeful start in the tourism sector in January, with tourist arrivals jumping by more than 15 per cent year-on-year to 92,573, despite fears of a decline following political unrest in September last year, the Nepal Tourism Board (NTB) said on Sunday. According to the NTB, this figure is also 14 per cent higher than in January 2019, the period before the COVID-19 pandemic.Following the GenZ protests, which resulted in the deaths of 77 people and the destructio…
New Delhi, Jan 30 (IANS) Apple CEO Tim Cook has said that the company set a quarterly revenue record during the October-December period in India — a market which has seen Apple production and exports touching new highs with each quarter.For the December quarter, Apple set all-time revenue records in the Americas, Europe, Japan, and rest of Asia Pacific, and grew in the vast majority of markets we track.“We continued to gain momentum in emerging markets, which includes India, where we saw str…
Beijing, Jan 9 (IANS) The world’s oceans absorbed more heat in 2025 than in any other year since modern record-keeping began, a new international study revealed on Friday.Published in the journal Advances in Atmospheric Sciences, the analysis shows that the ocean’s heat increased last year, amounting to a staggering 23 Zetta Joules of energy — equivalent to 37 years of global energy consumption at the 2023 level, Xinhua news agency reported.The findings stem from a major collaboration involving…
Mumbai, Dec 29 (IANS) US-based tech giant Apple sold about 6.5 million iPhone 16 units in the first 11 months of 2025, making it the country’s highest‑selling smartphone, according to a new report.The report from Counterpoint Research said that Apple outpaced Android rivals in the same period. The research firm’s data found the gap is striking as iPhone 15 also made to the top five best‑selling list.The research firm said Apple’s performance reflects changing buyer behaviour in a market,…