Economy

France's Societe Generale confirms it will cut 1,600 jobs

 PARIS– French banking giant Societe Generale said Tuesday it will cut 1,600 jobs worldwide including around 750 in France, as part of two restructuring plans. The lender said it...

Budget management to complete projects

Budget management to complete projects

Myagdi– Stakeholders in Myagdi have suggested the federal government to manage funds in the new fiscal year budget in order to give completion to the incomplete projects. The recommendations were...
Mega Bank Ltd starts remit service from Australia

Mega Bank Ltd starts remit service from Australia

Kathmandu– Mega Bank Ltd has started operating 'Mega Remit' remittance service from Australia as well. The bank started this service in partnership with Aziz Forex and Finance Company, Australia. Mega...
S. Korea to launch world's first national 5G networks

S. Korea to launch world's first national 5G networks

SEOUL–South Korea launches the world's first fully-fledged 5G mobile networks Friday, a transformational leap that already has superpowers sparring for control of an innovation that could potentially change the day-to-day...
Trade war, Brexit could slow growth: ADB

Trade war, Brexit could slow growth: ADB

MANILA– Growth in developing Asia could slow for a second straight year in 2019 and lose further momentum in 2020, the Asian Development Bank (ADB) said on Wednesday, warning of...
Banks urged for investment in organic production

Banks urged for investment in organic production

Surkhet–Bimala KC, spokesperson of Karnali State government and Minister for Land Management, Agriculture and Cooperative, urged the banks to spur their investments in organic farming in Karnali. At an interaction...
Nepal, a rising star of South Asia

Nepal, a rising star of South Asia

Kathmandu–Foreign Minister Pradip Kumar Gyawali has said that it was a feeling of pride to see the international community and investors describe Nepal as a rising star of South Asia...
Fiat Chrysler to cut 1,500 jobs at Canada plant

Fiat Chrysler to cut 1,500 jobs at Canada plant

MONTREAL– Fiat Chrysler Automobiles (FCA) has announced it will cut some 1,500 jobs at its factory in Windsor, Canada, around a quarter of its local workforce.  The Italian-American...
Investment Summit kicks off

Investment Summit kicks off

Kathmandu– The Investment Summit, organised to attract foreign investments to serve the government's goal of economic prosperity, has kicked off in the capital city of Kathmandu this morning.  ...
US-China trade talks to open in Beijing

US-China trade talks to open in Beijing

BEIJING–The United States and China open the latest round of their trade talks Thursday as the economic superpowers edge towards a deal to resolve a months-long spat that has rattled...