International News
Global Markets Rally and Oil Prices Plunge Following Historic US-Iran Ceasefire Agreement
Stock markets across the Asia-Pacific region and US futures surged on Monday morning while crude oil prices dropped by over 4% after US President Donald Trump and Iranian officials officially confirmed an agreement to end the war and reopen critical trade routes.
Musk’s Cosmic Jackpot: SpaceX Debut Crowns Elon Musk as the World’s First Trillionaire Amid Intense Global Debate
Elon Musk has officially become the world’s first trillionaire following the blockbuster stock market debut of his aerospace company, SpaceX. Listing on the Nasdaq with a $2.2 trillion valuation, the stock surge propelled Musk’s net worth to a historic $1.11 trillion. While investors are thrilled by his multi-planetary ambitions, the milestone has ignited fierce global backlash over extreme wealth inequality and Musk's controversial political influence.
India's NHPC to Partner on Nepal's 480 MW Phukot Karnali Project
India's state-owned NHPC Limited is set to partner with Nepal's Vidhyut Utpadan Company Limited (VUCL) to jointly develop the 480 MW Phukot Karnali Hydropower Project in Kalikot, Nepal. Following a draft MoU reached during a bilateral energy meeting and awaiting Cabinet approval, the two entities will form a joint venture. NHPC will hold a 51% stake, assume the responsibility for securing project loans, and guarantee a market for the generated electricity, while Nepal will receive 21.9% of the power free of cost. This marks NHPC's third major hydropower venture in Nepal.
Trump's "I Like Inflation" Comment Sparks Outrage as US Prices Hit 3-Year High
US President Donald Trump triggered intense debate after expressing a controversial fondness for inflation following a sharp rise in consumer prices to 4.2% in May. Driven by soaring energy costs from the escalating US-Israel conflict with Iran, the inflation surge presents a shifting economic and political challenge as midterm elections approach.
Trump Demands Action Following US Military Helicopter Crash Near Iran Border
President Donald Trump has accused Iran of shooting down an advanced US military helicopter near the strategic Strait of Hormuz. While the US Central Command confirmed the crash and rescued the crew, they noted that the exact cause remains under investigation.
Powerful Earthquake Rocks Southern Philippines; Tsunami Warning Issued and Casualties Reported
A major earthquake struck near the coastal area of General Santos City on Mindanao Island in the southern Philippines on Monday morning.
Domestic LPG Cylinder Prices Hiked by INR 29 in India Amid Rising Global Energy Costs
The price of a 14.2 kg domestic LPG cylinder in India has risen by INR 29, pushing the retail rate in Delhi to INR 942. Driven by surging international energy costs and massive under-recoveries by state-owned oil companies—who were losing nearly INR 703 per cylinder—this decision follows recent steep hikes in petrol, diesel, and CNG prices across the country.
Global Financial Markets Witness Major Volatility as Middle East Conflict Marks 100 Days
As the Middle East conflict hits its 100-day mark, global financial markets are reacting with mixed resilience. While Artificial Intelligence infrastructure spending and strong US business metrics have propelled the S&P 500 to record highs, underlying threats remain severe. Sovereign bond yields continue to face inflationary strain, the Strait of Hormuz remains largely blocked, and global commodity prices have pushed US inflation to a three-year high of 3.8%, threatening long-term demand destruction if left unresolved.
US President Donald Trump May Appear on Historic New $250 Bill
The Trump administration is preparing plans for a proposed $250 commemorative bill that could feature US President Donald Trump’s portrait if Congress approves new legislation. Current US law prohibits living individuals from appearing on American currency, but Trump allies are seeking an exception as part of the country’s 250th anniversary celebrations.
Liquidity Eases in Nepal as Inflation Constraints Force Rate Debate in Japan
Bank of Japan faces a fierce internal debate over raising its 0.75% benchmark interest rate amid a global energy crisis.
No Deal Without Results: Trump Threatens Military Action Against Iran
Donald Trump rejects rushing an Iran deal over midterm election pressure, warning Washington is ready for military alternatives.
Ministry of Finance Invites Applications for Nepal Insurance Authority Chairperson
The government opens executive recruitment for the top regulatory seat at the Nepal Insurance Authority, locking in strict master's degree requirements and senior managerial experience by Jestha 19.