Nepal to soon get internet services from China, India’s monopoly to end

Pouring water on hope for the relaxation on the ongoing indefinite bandh in West Bengal’s Darjeeling hills, the all hilly region party meeting today decided to continue the bandh. Nepal is scheduled to get Chinese internet services from August ending India’s monopoly over the same, a Nepali daily reported. Currently, the tiny Himalayan country accesses…

Trump Tower security is harming Fifth Avenue business

The holiday season on Fifth Avenue conjures up images of fantastical window displays, a towering Christmas tree, bright lights and — this time around — very large guns. That’s not to mention the added “bonus” of large stretches near Trump Tower closed to traffic and security checkpoints promising to make an always-crowded time of year…

Macy’s plans to close nearly 100 stores after falling sales

Macy’s Inc said it plans to close about 100 stores, or 14 percent of its store base, and would continue to seek partnerships for its flagship locations as it seeks to turn around its business after six quarters of falling sales. Shares of the company, which also reported a smaller-than-expected drop in quarterly sales at…

China, Nepal agreement on transit rights!

One major objective of contemporary Nepal has been to reduce the land-locked Himalayan country’s total dependence on India and establish solid economic and military ties with China. The present government also pursues that strategy but without spoiling the relationship with its western neighbor India. Nepal has sealed an agreement on transit rights through China that…

FNCCI, CNI condemn govt action

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Confederation of Nepalese Industries (CNI) jointly issued a statement today condemning the government’s move of using the police to arrest and file cases against members of the business community under various pretexts. In the statement, they mentioned that it had come to their notice…

Nepal Says Everest Climbers Stopped by Quake Can Try Again

Khumbu Everest : Climbers turned back from Mount Everest by a deadly earthquake and avalanche last year will be able to attempt to scale the world’s tallest peak again this year or next without paying new permit fees, Nepal said Tuesday. The April 25 earthquake killed thousands of people across the Himalayan country, including 19…