MONEY

Genetic testing sites rise to prominence

Three years ago Dyan deNapoli, a 57-year-old author and TED speaker who specializes in penguins, was given a 23andMe genetic testing kit for her birthday. Intrigued, she spit in the tube and sent the results to a lab in Burlington, NC.

Alyson Krueger, Jun 18 2018

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3rd generation Swift launched in Nepal

The third generation of the iconic Swift has been launched by CG Motocorp, authorised distributor of Suzuki four wheelers in Nepal. The all-new Swift comes with an exciting design, enhanced performance and advanced safety features.

Post Report, Jun 18 2018

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MIT launches global startup labs in Nepal

Massachusetts Institute of Technology (MIT), USA, has launched the MIT Global Startup Labs (GSL) in Nepal with Kathmandu University and Ncell.MIT GSL empowers technology entrepreneurs and helps cultivate the startup ecosystem in emerging economies.

Post Report, Jun 18 2018

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Russia, Saudi seek higher Opec output

Russia and Saudi Arabia will ask Opec to hike production by 1.5 million barrels a day in the third quarter of 2018, Russian Energy Minister Alexander Novak said on Saturday.

AGENCE FRANCE-PRESSE, Jun 18 2018

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Trump keeps his promises on trade

By inflicting tariffs on the steel and aluminum of his allies, and then on tens of billions of dollars in goods from China, US President Donald Trump has quickly moved to fulfill the tough campaign pledges he made on trade.

AGENCE FRANCE-PRESSE, Jun 18 2018

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Siemens wins $2b contract to build London Tube trains

A division of Germany’s Siemens has been awarded a contract worth about 1.5 billion pounds ($2 billion) to design and build 94 new trains for the Piccadilly Line on London’s metropolitan train network, known as the Tube.

REUTERS, Jun 18 2018

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As US and Canada spar, farm hopes ride on two men in lobster boat.

While Justin Trudeau vowed last week not to be pushed around and US President Donald Trump called the Canadian prime minister “weak,” two key officials in their governments with a seemingly harmonious relationship were making fishing plans.

REUTERS, Jun 18 2018

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DR Congo’s mining industry hobbled by poor infra, tax hikes

Feasting on a global demand for cobalt and copper, the mining industry in the Democratic Republic of Congo is flourishing—but two clouds are spoiling its sunlit future.

AGENCE FRANCE-PRESSE, Jun 18 2018

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Egypt hikes fuel prices as part of austerity drive

Egypt on Saturday announced new hikes on fuel prices as part of austerity measures tied to an IMF loan as it seeks to cut subsidies and reduce its public debt.

AGENCE FRANCE-PRESSE, Jun 18 2018

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Fear of trade war strains global economy, materials prices rise

Only a few months ago, the global economy appeared to be humming, with all major nations growing in unison. Now, the world’s fortunes are imperiled by an unfolding trade war.

Peter S Goodman, Ian Austen, Elisabeth MalkinJun 18 2018

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Brick factories in Dhading openly evading tax

More than three dozen brick factories operating in Dhading district have been found evading tax by issuing two types of bill.

HARIHAR SINGH RATHORE, Jun 18 2018

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Errant Indian firm to outsource remaining tasks

Nepal Electricity Authority (NEA), the state-owned power utility has convinced the Indian contractor hired to handle hydro mechanical work of 456 MW Upper Tamakoshi Hydropower Project to outsource its remaining tasks to another firm.

BIBEK SUBEDI, Jun 18 2018

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Nepal, Japan likely to sign revised ASA today

Nepal and Japan are all set to sign a revised bilateral air services agreement (ASA) on Monday, as part of the preparatory works to re-launch flights to the ‘land of the rising sun’ after a 10-year long wait.

SANGAM PRASAIN, Jun 18 2018

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