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Track our LIVE coverage of the natural disaster here Notably, the mountainous country is often hit by tremors, with the last major incident occurring in 2015 and killing 9,000 people. Local historical sites and temples were destroyed in the 2015 Nepal earthquake, besides entire towns and over a million houses being razed to the ground, Reuters reported. The event cost the Nepal economy $6 billion, it added.

raise tariffs. A lot. He has proposed slapping a 10% tariff on all imported goods, thereby trebling the country’s average and taking American trade protectionism back to its mid-20th-century heyday.

Netflix had a tough year in 2022. Big rivals such as Disney and Amazon Prime were circling, and viewers seemed to be rethinking their streaming habits amid rising prices in a turbulent global economy.

Apart from new offers, markets will also see listings of Cello World and Mamaearth, whose IPOs hit the Street a few days ago. Given the massive rush of public issues this year, India’s share (number of IPOs) in the global pie has increased sharply from just 6% in 2021 to 13% in the first half of 2023. Analysts expect this momentum to continue in the near future with the much-anticipated Tata Technologies IPO likely to be launched in the third or fourth week of November. «The stampede to market is expected to keep going well into 2024, with investors encouraged by strong listing gains and a robust economy. This month alone, there are 14 IPOs slated,» said Mahavir Lunawat, MD, Pantomath Capital Advisors. Next week, Protean eGov Technologies and ASK Automotive are planning to raise a cumulative Rs 1,324 crore through their public offers.

OpenAI is expected to announce product enhancements that will make its AI models cheaper, with more functionality, in its first-ever developer conference on Monday. The conference signals OpenAI's ambition to expand beyond a consumer sensation to becoming a provider of a hit developer platform, and CEO Sam Altman has teased attendees with the promise of «some great new stuff.»

President Joe Biden on Friday welcomed leaders from countries across the Americas to an economic summit by pledging to increase U.S. investment in the region in part to counter China’s influence

Italian Premier Giorgia Meloni's Cabinet has approved her proposal to make the prime minister's office directly elected by voters in a bid to make Italy's governments more stable and lasting

The nation’s employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient despite high interest rates that have made borrowing much costlier for companies and...

Wall Street steamrolled even higher to add more gains to its best week in nearly a year

Canadian banks and regulators should take a hard look at mortgages that have allowed some households to run up large amounts of long-term debt as interest rates went up, the Bank of Canada’s no. 2 official said.

Investing.com — The Dow closed higher Friday, wrapping up the week with its biggest weekly gain this year as a weaker-than-expected jobs report stoked hopes that Federal Reserve rate hikes are now in the rearview mirror, pushing Treasury yields sharply lower.

China turned negative for the first time since records began in 1998, highlighting how foreign companies are pulling money out of the country due to geopolitical tensions and higher interest rates elsewhere. China's direct investment liabilities in its balance of payments declined by $11.8 billion in the third quarter, the country's foreign exchange administration said. The measure records monetary flows connected to foreign-owned entities in China. Economists have said the decline in FDI by the balance of payments measure reflects less willingness by foreign companies to re-invest profits made in China in the country. That's due to strained ties with the West and the rising attractiveness of keeping cash overseas.

By Martin Coulter and Paul Sandle

By Yoruk Bahceli

By David Randall

Narendra Modi on Friday disbursed seed-capital assistance of ₹380 crore to over 100,000 self-help group (SHG) members at the World Food India summit, a global event that spotlights India’s food processing industry. It will help SHGs gain better price realization through improved packaging and quality manufacturing. Addressing the gathering, Modi said that India’s food processing sector had attracted an impressive ₹50,000 crore of foreign direct investment (FDI) in the past nine years.

Panel on daylight saving time.

A cooling job market gives the Federal Reserve room to keep interest rates on hold in December and reinforces market views that the central bank is done with the most aggressive hiking campaign in four decades.

By Howard Schneider

Finance Minister Nirmala Sitharaman on Friday appreciated the State Bank of India (SBI) for becoming the first foreign bank in Sri Lanka to successfully launch a pathbreaking direct Sri Lankan Rupee-Indian Rupee trade. Sitharaman, who is on a three-day official visit to the crisis-hit island nation, along with P.S.M. Charles, the Governor of Northern Province, inaugurated the second SBI branch in Jaffna.

By Sri Hari N S and Laura Matthews