Submit your Article

The Nepal Stock Exchange (NEPSE) index plunged by 23. 85 points to close at 1,933.13 points on Monday. 

Similarly, the sensitive index fell by 7. 02 points to close at 375.82 points.

A total of 5,641,540 units of shares of 229 companies were traded for Rs 2. 04 billion.

Likewise, all sub-indices saw red in today’s market except for Life Insurance and Investment.

Meanwhile, CYC Nepal Laghubitta Bittiya Sanstha Limited was the top gainer today with its price surging by 9.99 percent. Likewise, Unnati Sahakarya Labhubitta Bittiya Sanstha Limited was the top loser with its price dropped by 10 percent. 

At the end of the day, total market civilization stands at Rs 2. 75 trillion.

Rohingyas, who have been living in Nepal as refugees after being displaced from Myanmar, staged a stage demonstration outside the office of United Nations High Commissioner for Refugees (UNHCR) in Kathmandu on Monday.

They staged the demonstration outside the office this morning, saying that the UNHCR cut off the financial aid it has been giving to the Rohingya refugees and their children.

Children of Rohingyas staged a sit-in outside the office of UNHCR in school uniforms.

Their parents said that they have been facing difficulties in paying school fees among others after the UNHCR cut off the financial aid.

The government of Nepal has termed the Rohingyas living in Nepal as illegal immigrants.

The UNHCR, however, has recognized them as refugees.

Newly appointed ministers of CPN (Unified Socialist) took the oath of office and secrecy on Monday.

President Bidya Devi Bhandari administered the oath of office and secrecy to four ministers amid a program organized in Sheetal Niwas this morning.

Jeevan Ram Shrestha has been appointed minister for tourism, culture and civil aviation; Metmani Chaudhary as minister for urban development, Sher Bahadur Kunwar as minister for labor, employment and social security, and Bhawani Prasad Khapung as minister for health and population.

Prime Minister Sher Bahadur Deuba administered the oath of office and secrecy to minister of state for health and population Hira Chandra KC.

The sworn-in ministers will assume their office from today itself.

President Bhandari, on the recommendation of Prime Minister, had appointed new ministers from the CPN (Unified Socialist) on Sunday.

Earlier on June 5, the Unified Socialist had written to the Prime Minister to replace four of its ministers.

Ambassador of the Federal Republic of Germany to Nepal, Dr Thomas Prinz called on Prime Minister Sher Bahadur Deuba. 

During the meeting, he handed over a letter from Germany’s Chancellor Olaf Scholz to Prime Minister Deuba suggesting to continue Germany’s support to Nepal’s development efforts in the following core

areas:

1. Sustainable Economic Development

2. Climate and Energy

3. Health and Social Protection

Issuing a statement on Sunday, the German Embassy in Nepal said that it is pleased to inform that the Federal Ministry for Economic Cooperation and Development (BMZ) of the Federal Republic of Germany has decided to continue with the bilateral development cooperation with Nepal beyond 2023.

The German Ambassador Dr Thomas Prinz said: “I am extremely happy that the German Government has decided to continue bilateral development cooperation with Nepal. It gives us the chance to jointly tackle important challenges like climate change.”

Nepal and Germany have had long-standing bilateral cooperation for over 60 years.

German Development Cooperation has been supporting Nepal’s efforts in achieving the Sustainable Development Goals. Immediate support was also provided for Covid-19 response. 

Since September 2021, Germany supports Nepal’s shift to a green, resilient, and inclusive development (GRID) pathway as signed on the Kathmandu Declaration on GRID, endorsed by the Government of Nepal and 17 Development Partners.

An unassuming patch of red dirt in remote Australia has made history as the site of Nasa's first rocket launch from a commercial spaceport outside the US, BBC reported.

The sub-orbital rocket blasted off from the tiny site early on Monday local time.

It will enable astrophysics studies that can only be undertaken in the Southern Hemisphere, Nasa says.

The launch was also the first in Australia in more than 25 years.

The rocket is Nasa's first of three to blast off from the newly constructed Arnhem Space Centre on the edge of the Northern Territory.

Scientists hope it will help them study the impact of a star's light on the habitability of nearby planets.

Onlookers who travelled to the remote site glimpsed the rocket for only about 10 seconds before it entered the Earth's atmosphere.

"It was in the blink of an eye, but to me, it was like it was in slow motion because the whole area just lit up," Yirrkala School co-principal Merrkiyawuy Ganambarr-Stubbs told the Australian Broadcasting Corporation, according to BBC.

"It went up, and then the sound, it was just like a rumbling boom, like nothing I've ever heard. And I just shook with amazement."

The sounding rocket's tenure in space was similarly short - the 13m-long projectile fell back to Earth after a planned 15 minutes.

But experts believe the data gathered in that time will help illuminate the secrets of star constellations 430 million light years away.

"Without getting too deep into the science, it was effectively a large X-ray camera looking at various astrological phenomenon and trying to capture parts of boulders in the Milky Way and particularly the star cluster of Alpha Centauri," Arnhem Space Centre chief executive Michael Jones told the local network Nine.

Northern Territory Chief Minister Natasha Fyles hailed the launch as an "extremely proud" moment for Australia, adding it was conducted with the blessing of the region's Aboriginal traditional owners.

"Here on Yolngu land, young Territorians can look up at the sky and know what can be done," Ms Fyles said.

"When we see the oldest living culture combining with the science of space, as we have here, it's something we can all reflect on and be very proud."

Australia has stepped up its space efforts in recent times, unveiling a defence agency focused on countering Russia and China's ambitions in space.

The Arnhem Space Centre is the first and only commercially owned and run equatorial launch site in the world, BBC reported.

"We have achieved a remarkable feat and made a huge mark in the history of Australia's journey in space," Mr Jones said in a statement.

"[It] confirms that we and Australia can provide access to space and this is just the beginning for us."

The next launch is expected to take place on 4 July.

Nasa has pledged to collect all material and debris and return them to the US, according to BBC.

Ukraine's President Volodymyr Zelensky is expected to urge delivery of more heavy weapons when he addresses the G7 group of wealthy nations later, BBC reported.

It follows a barrage of Russian missile strikes on Kyiv and other areas over the weekend, which killed at least one.

In eastern Ukraine, Russia has taken full control of Severodonetsk and is targeting nearby Lysychansk.

On Sunday Mr Zelensky said delaying arms deliveries was "an invitation to Russia to strike again and again".

Speaking via his daily video address he also called for air defence systems and new sanctions on Russia.

"Partners need to move faster if they are really partners, not observers," he said.

The war in Ukraine is top of the G7 agenda and nations are expected to promise further military support for Kyiv and more sanctions on Moscow, according to BBC.

Western leaders are attempting to present a united front, with German Chancellor Olaf Scholz saying Russian missile strikes showed it was "right to stand together and support Ukrainians". Earlier US President Joe Biden said Russian President Vladimir Putin was counting on Nato and the G7 to "splinter... but we haven't and we're not going to".

However, BBC diplomatic correspondent James Landale, who is at the summit, says Western unity over the war has faltered in recent weeks, with some leaders discussing long-term relationships with Russia and others stressing strong, lasting support for Ukraine.

The G7 summit in Bavaria will be followed by a Nato meeting in Spain later in the week at which Mr Zelensky is also expected to speak, BBC reported.

At least four people have been killed and scores more were injured after a stand collapsed during a bullfight in central Colombia, BBC reported.

Footage has emerged showing the three-storey wooden stand filled with spectators falling at a stadium in El Espinal, Tolima department.

The traditional "corraleja" event involved members of the public entering the ring to engage the bulls.

President-elect Gustavo Petro urged local officials to ban such events.

"I ask mayors not to allow more events involving the death of people or animals," he said.

It was not the first time such an accident had happened, he added.

The dead included two women, a man and a child, Tolima Governor Jose Ricardo Orozco said, and at least 30 people were seriously injured. There are fears that the death toll will rise further.

A bull also escaped from the stadium and caused panic in the municipality, according to BBC.

Local councillor Iván Ferney Rojas said the town's hospital and ambulance services were unable to cope with the number of injured, El Tiempo newspaper reports.

"We need support from ambulances and neighbouring hospitals, many people are still unattended," Mr Rojas is quoted as saying.

Sunday's event was part of celebrations of the popular San Pedro festival.

However Mr Orozco said his regional authority would move to ban the corralejas, saying they were dangerous and cruel to animals, BBC reported.