Business

KATHMANDU, Dec 2 (NNN-NEPALNEWS) – Trade has been on the rise between Nepal and China, after the reopening of the Tatopani-Zhangmu border point, according to data from Nepal’s Department of Customs.

The border point had been out of service since Nepal’s deadly earthquake in 2015, before it was resumed in May this year.

KUWAIT, Dec 2 (NNN-KUNA) – British Prince William, arrived in Kuwaiti City, Sunday evening, as part of his first official trip to Kuwait and Oman.

Minister of Kuwaiti Royal Affairs, Sheikh Ali Jarrah Al Sabah, and his deputy, Sheikh Mohammad Al Sabah, welcomed the British royal upon his arrival.

The Duke of Cambridge’s visit to Kuwait comes, on the 120th anniversary of the signing of a friendship treaty between Kuwait and Britain.

MOSCOW, Dec 2 (NNN-AGENCIES) — Russian President Vladimir Putin and Chinese leader Xi Jinping launch Monday a gas pipeline that is the first of three ambitious projects intended to cement Moscow’s role as top gas exporter.

Putin and Xi are to inaugurate by video link-up the “Power of Siberia” pipeline, sending Siberian gas to China in a move that will strengthen their ties amid Moscow’s confrontation with the West.

Russia is also planning to soon launch two more gas pipelines that will ramp up supplies to Europe while bypassing Ukraine.

WASHINGTON, Dec 2 (NNN-AGENCIES) — US President Donald Trump leaves on Monday for a NATO summit in London and he is under pressure from British Prime Minister Boris Johnson to resist the temptation to wade into the British election campaign coming up later in December.

As a presidential candidate in 2016 and then as president since early 2017, Trump has shown no restraint in showing support for Britain’s exit from the European Union and critiquing the politicians involved in the country’s long-running Brexit debate.

NEW DELHI (Reuters) - India will unveil a series of infrastructure projects this month as part of a plan to invest 100 trillion rupees ($1.39 trillion) in the sector over the next five years, the finance minister said on Saturday, in a push to improve the country’s economy.

Nirmala Sitharaman’s comments, as cited in local newspapers, followed data released on Friday that showed India’s economic growth slowed to 4.5% in the July-September quarter - its weakest pace since 2013 - upping the pressure on Prime Minister Narendra Modi’s government to speed reforms.

PARIS, Dec 1 (NNN-AGENCIES) — Paris, London and Berlin on Saturday welcomed six new European countries to the INSTEX barter mechanism, which is designed to circumvent US sanctions against trade with Iran by avoiding use of the dollar.

New Delhi, Nov 29 (PTI) India faces competition from countries like Vietnam, Bangladesh and Sri Lanka that enjoy preferential or duty-free access to key markets like the European Union, Union Textiles Minister Smriti Irani said on Friday.

"Apparel exports from competing countries enjoy zero/preferential access to European Union whereas India faces a duty disadvantage. Besides Bangladesh and Vietnam have a large and productive labour force," Irani said.

Beijing, Nov 30 (AFP/PTI) China's November factory activity rebounded for the first time in seven months, data showed Saturday, despite the looming threat of fresh US tariffs within weeks if Beijing and Washington fail to sign a partial trade deal.

The closely watched Purchasing Managers' Index (PMI), a key gauge of activity in the country's factories, rose to 50.2 in November, up from 49.3 last month, the National Bureau of Statistics said.

New Delhi, Nov 29 (PTI) CPI(M) general secretary Sitaram Yechury hit out at the government on Friday over the country's GDP growth falling to 4.5 per cent, saying the economy was down, but the prime minister was busy with "tamashas".

India's economic growth slipped further to hit an over-six-year low of 4.5 per cent in the July-September quarter, according to official data released on Friday.

"The economy is down, but the govt's intention to fool the people keeps going up," Yechury wrote on Twitter.

New Delhi, Nov 30 (PTI) Congress general secretary Priyanka Gandhi Vadra on Saturday hit out at the BJP for the lower GDP growth rate and accused it of making false promises and ruining the country's economy.

India's economic growth slipped further to hit an over-six-year low of 4.5 per cent in the July-September quarter, according to official data released on Friday.