Economy

US video game industry scored $43.4 bn record sales in 2018

SAN FRANCISCO– From "Fortnite" to "Pokemon Go," play in the US drove video-game industry revenue to a record-setting $43.4 billion last year, according to data released Tuesday.  Spending...

Beni municipality slashes property tax

Beni municipality slashes property tax

Galeswor– Myagdi district’s only municipality Beni has slashed the rates of integrated property tax by reviewing its earlier decision.  The municipality has decided to reduce the tax rates...
US in criminal probe of China's Huawei: report

US in criminal probe of China's Huawei: report

WASHINGTON–US authorities are in the "advanced" stages of a criminal probe that could result in an indictment of Chinese technology giant Huawei, a report said Wednesday.  The Wall...
China's top trade negotiator to visit US Jan 30-31

China's top trade negotiator to visit US Jan 30-31

BEIJING–China's top trade negotiator will travel to the United States to resume talks later this month ahead of a March deadline to avoid bruising tariff hikes, the commerce ministry said...
Returnee migrant worker turned factory owner

Returnee migrant worker turned factory owner

Baniyani –An iron panel pin factory has been established at Jamunabari of Kankai Municipality in Jhapa, the first of its kind in the district. Dipak Chapagain, a 37-year-old returnee migrant...
Disney hauls in $7.325 billion at box office in 2018

Disney hauls in $7.325 billion at box office in 2018

LOS ANGELES–Disney posted its second best year at the box office ever, raking in $7.325 billion worldwide for everything from "Black Panther" and "Avengers: Infinity War" to hit animated sequel...
Huawei ships over 200 mln smartphones in 2018

Huawei ships over 200 mln smartphones in 2018

SHENZHEN–Chinese technology firm Huawei said on Tuesday that it had shipped more than 200 million smartphones so far this year, a new record high for the company.  In...