Nepse plunges by 4. 29 points on Monday
The Nepal Stock Exchange (NEPSE) plunged by 4. 29 points to close at 1,973.01 points on Monday. Similarly, the sensitive index dropped by 0. 82 points to close at 382. 95 points. A total of 2,444,344 unit shares of 224 companies were traded for Rs 90 billion. Meanwhile, Mailung Khola Jal Vidhyut Company Limited was the top gainer today with its price surging by 7. 43 percent. Likewise, Ru Ru Jalbidhyut Pariyojana Limited was the top loser with its price dropped by 6. 55 percent. At the end of the day, the total market capitalization stood at Rs 2. 83 trillion.
Gold prices increases by Rs 100 per tola on Monday
The price of gold has increased by Rs 100 per tola in the domestic market on Monday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 93, 700 per tola today. The gold was traded at Rs 93, 800 per tola on Sunday. Meanwhile, tejabi gold is being traded at Rs 93, 200 per tola. Similarly, the price of silver is being traded at Rs 1,115 per tola today.
Two held with undeclared Rs 1 million from Jhapa
Police have arrested two persons in possession of Rs 1 million undeclared money from Jhapa. The suspects have been identified as Apsara Khatun (30) and Mohammad Mosad (43) of Nilkothi, Mechinagar Municipality-15. They are brother and sister in relation. Acting on a tip off, a joint team of the Area Police Office, Dhulabari and the Drug Control Bureau, Kakarbhitta had reached the house of Apsara to search for brown sugar. Inspector Kailash Adhikari of the District Police Office, Jhapa said that though the team did not recover the drugs, they found two sets of brown sugar measuring digital scales and Rs 1. 82 million from the house. Police said that they are looking into the case.
CoAS Sharma, Indian Army Chief Pande hold meeting
Chief of Army Staff (CoAS) Prabhuram Sharma and Indian Army Chief Manoj Pande held a meeting at Nepal Army headquarters in Kathmandu on Monday.
According to the Nepal Army Directorate of Public Relations, the duo discussed issues of mutual interests and bilateral relations.
Nepal Army said that this type of meeting would further strengthen the relations between the army of two countries.
Meanwhile, President Bidya Devi Bhandari, who is the Commander-in-Chief of the Nepali Army, will honor Indian Army Chief Pandey with the honorary title of the General of the Nepal Army amid a function at Sheetal Niwas this afternoon.
Leading a five-member delegation, Indian Army Chief Pande arrived in Kathmandu on a five-day visit to Nepal on Sunday.
Asia Cup: Pakistan beat India by five wickets
Pakistan beat India by five wickets in their first Super Four game at the Asia Cup in Dubai, BBC reported. Chasing 182 to win, Pakistan reached the target with a ball to spare thanks to a 73-run partnership between Mohammad Rizwan, who top scored with 71, and Mohammad Nawaz, who added 42. After both were out, Khushdil Shah (14) and Asif Ali (16) saw Pakistan home. Earlier Virat Kohli’s 60 off 44 balls saw India reach 181-7 from 20 overs after being put into bat. The tournament in the United Arab Emirates is warm-up to the T20 World Cup next month in Australia, according to BBC. India and Pakistan still have to play Sri Lanka and Afghanistan in the Super Four round robin stage, with the top two teams reaching the final on 11 September.
Antony scores as Man Utd end Arsenal’s winning run
Manchester United's £82m new boy Antony scored on his debut and Marcus Rashford got two as Erik ten Hag's men ended Arsenal's 100% start to the season at Old Trafford, BBC reported.
The Brazilian opened the scoring 10 minutes before half-time in the pulsating duel, sweeping a shot into the far corner.
Rashford claimed the assist for that and then, after Bukayo Saka had levelled on the hour, the England striker profited from two clinical United counter-attacks.
Bruno Fernandes was at the heart of both, splitting the Arsenal defence for Rashford's first, then sending Christian Eriksen clear as the Dane provided the striker with a tap-in.
It was Rashford's first Premier League double since December 2020, helping lift them to fifth in the table.
Arsenal remain top. However, after their excellent start to the season, manager Mikel Arteta will be concerned at how easily his side were opened up, although the Gunners did have a first-half Gabriel Martinelli goal ruled out by VAR.
"The game was there for the taking," Artesta said. "We haven't won it because we lacked some discipline in some moments and we weren't ruthless enough in front of goal, according to BBC.
"If we play with more courage we win the game. It is a big lesson - if you want to win here you have to do everything so right."
Germany announces €65bn package to curb soaring energy costs
Germany has announced a €65bn (£56.2bn) package of measures to ease the threat of rising energy costs, as Europe struggles with scarce supplies after Russia's invasion of Ukraine, BBC reported.
The package, much bigger than two previous ones, will include one-off payments to the most vulnerable and tax breaks to energy-intensive businesses.
Energy prices have soared since the February invasion, and Europe is trying to wean itself off Russian energy.
Ukraine has urged Europe to stand firm.
President Volodymyr Zelensky said Russia was trying to destroy the normal life of every European citizen. In his nightly address on Saturday, he said Russia was preparing a "decisive energy attack on all Europeans", and only unity among European countries would offer protection.
And in a BBC interview broadcast on Sunday, his wife Olena said that if support for Ukraine was strong the crisis would be shorter. She reminded Britons that while rising living costs were tough, Ukrainians were paying with their lives.
According to website Politico, European Union officials have warned there is likely to be a crunch point in the coming months when countries start to feel acute economic pain while also still being asked to help the Ukrainian military and humanitarian effort.
Meanwhile, several hundred protesters gathered at Lubmin in north-eastern Germany, the terminal of the Nord Stream gas pipeline from Russia, according to BBC.
They were calling for the commissioning of Nord Stream 2, a new pipeline which was about to go online but was blocked by the German government after the invasion.
Two days ago, Russia said it was suspending gas exports to Germany through the already operating Nord Stream 1 pipeline indefinitely.
The stand-off with Russia has forced countries like Germany to find supplies elsewhere, and its stores have increased from less than half full in June to 84% full today.
He said the government would make one-off payments to pensioners, people on benefits and students. There would also be caps on energy bills.
Some 9,000 energy-intensive businesses would receive tax breaks to the tune of €1.7bn.
A windfall tax on energy company profits would also be used to mitigate bills, Mr Scholz said, BBC reported.
Liz Truss or Rishi Sunak to be announced as UK's next PM
Boris Johnson's successor as UK prime minister will be revealed later when either Liz Truss or Rishi Sunak is named next Conservative leader, BBC reported.
The winner of the leadership contest will be announced at 12:30 BST, before then taking office on Tuesday after formal appointment by the Queen.
The new PM will inherit a flagging economy, with inflation at a 40-year high.
They are also under pressure to cushion the blow of soaring energy costs.
Foreign Secretary Liz Truss, tipped by pollsters to win, has promised to announce further help to shield consumers within a week of taking over.
She then plans to deliver £30bn in tax cuts through an emergency Budget later this month, arguing the UK's tax burden is behind sluggish growth.
Ms Truss is yet to offer details of her cost-of-living support plan beyond saying she will temporarily scrap green levies on energy bills and reverse the rise in National Insurance introduced during Mr Johnson's tenure.
Mr Sunak announced payments of £15bn as chancellor, including £400 payments for all households, but both contenders have said further support will be required after cost predictions rose further over the summer.
On Sunday the foreign secretary declined to say whether further help would be universal or targeted at the most needy, saying she would need time in office to iron out the details of her plan, according to BBC.
She admitted unpicking the National Insurance rise would benefit higher earners more, but said it was justified because it would boost the economy overall.
Speaking to the BBC's Laura Kuenssberg, she blamed a focus on distributing wealth through taxes for low economic growth over the past two decades.
Labour, the Liberal Democrats and the SNP have all called on the government to freeze energy prices through multi-billion pound subsidies, while the Greens have suggested nationalising the UK's five biggest suppliers.
Ms Truss did not rule out a freeze on Sunday but has previously described the idea as a "sticking plaster" and argues more needs to be done to help the UK boost its domestic sources of energy.
She said any further support would have to go "hand in hand" with efforts to boost nuclear energy, fracking for shale gas and more oil and gas drilling in the North Sea.
As well as tax cuts, Ms Truss has pledged to deliver low-regulation investment zones and bring about the biggest increase in defence spending in decades.
She abandoned a plan to link public sector pay to local living costs, however, after a backlash from unions, Labour and some Tories.
The seven-week leadership contest brings to an end Mr Johnson's turbulent three years in office, and has seen the candidates regularly attack each other's policies as well as the Tories' record in government.
The original field of 11 contenders was whittled down to two in a series of Tory MP ballots, with the final pair going into a run-off to be decided by the membership, which stands at about 160,000.
Although Mr Sunak had the most support among Tory MPs, he has trailed Ms Truss in opinion polls of the party grassroots.
Mr Johnson is expected to deliver a farewell speech upon leaving office on Tuesday, before the handover of power takes place.
In a break with tradition, the next Tory leader will travel to Balmoral Castle in Scotland to be appointed by the Queen, rather than at Buckingham Palace.
The Queen has been suffering from mobility issues and it is understood the change announced last week was made to prevent the need for any last-minute rearrangements, according to BBC.
