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KP Sharma Oli has been re-elected as Chairman of the CPN-UML, securing a third consecutive term by defeating party rival Ishwor Pokharel at the 11th General Convention.

According to the final vote count, Oli received 1,663 votes, while Pokharel garnered 564.

Voting, which began on Wednesday morning, saw 2,227 of the 2,263 general convention delegates cast their ballots. Thirty-six representatives abstained from the voting process.

A Cambodia–Nepal B2B Business Interaction Program 2026 is set to be held with the aim of strengthening trade, investment and cultural cooperation between Nepal and Cambodia.

The event to be held in Cambodia in the last week of Poush month will be organized by Cambodia's Juba Supplies and Maintenance Company Limited (JSM Cambodia), while Nepal's Season Media is said to manage the event.

The program will include the participation of business representatives from Nepal such as the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Nepal Chamber of Commerce, as well as from the tourism, aviation, travel and tourism, manufacturing, culture, technology, and import-export sectors.

Ram Prasad Padhya, the program coordinator, said that representatives from the Cambodia Chamber of Commerce, Tourism and Hospitality Association, aviation company, private investment groups, business organisations, and the cultural-creative sectors will participate from Cambodia.

According to him, it will also provide a platform for networking and sharing experiences for businesspeople, artists, entrepreneurs, and innovators from Asian countries.

Lal Singh Khadka, former president of the Non-Resident Nepali Association Cambodia and a businessman, said it is expected that the bilateral friendship, cultural diplomacy and tourism promotion between Nepal and Cambodia will be further strengthened through this programme.

Investment and business meetings, sectoral discussions, business networking and policy dialogues will be conducted between Nepali and Cambodian businesspeople as part of the program.

Similarly, opportunities for joint investment and collaboration will be identified in high-potential sectors such as tourism and hospitality, aviation, travel services, agriculture, manufacturing, real estate, cultural and creative industries, and digital innovation.

As a special attraction of the program, outstanding entrepreneurs, industrialists and institutions contributing to economic development, innovation and bilateral cooperation between the two countries will be honoured with the 'International Excellence Award'.

This award ceremony will honour individuals and organizations from Cambodia and other Asian countries who have made exceptional contributions in various fields such as industry, arts, innovation, tourism, education, and health.

Program Manager Pradeep Raj Onta said that the International Excellence Award is being organized to recognize the contributions of professional and institutional personalities across Asian countries and to promote international cooperation and cultural exchange.

Businessman Khadka stated that the International Trade Conference 2026 programme serves not only as a business meeting but also as an important platform for establishing long-term partnerships, expanding people-to-people relations, and building a foundation for shared prosperity between the two countries.

It is believed that the program will make a significant contribution to promoting bilateral trade, tourism development, and investment expansion.

The United States on Wednesday approved $11.1 billion in arms sales to Taiwan, the largest ever U.S. weapons package for the island which is under increasing military pressure from China, Reuters reported. 

The Taiwan arms sale announcement is the second under U.S. President Donald Trump's current administration, and comes as Beijing ramps up its military and diplomatic pressure against Taiwan, whose government rejects Beijing's sovereignty claims.

The proposed arms sale covers eight items, including HIMARS rocket systems, howitzers, Javelin anti-tank missiles, Altius loitering munition drones and parts for other equipment, Taiwan's defence ministry said in a statement, according to Reuters. 

President Vladimir Putin said on Wednesday Russia would take more land in Ukraine by force if Kyiv and European politicians whom he cast as "young pigs" did not engage over U.S. proposals for a peace settlement, Reuters reported. 

The United States has held talks with Russia, and separately with Kyiv and European leaders, on proposals for ending the war in Ukraine but no deal has been reached. Kyiv and its European allies are concerned by demands for Ukrainian territorial concessions and Ukraine wants stronger security guarantees.

At an annual Defence Ministry meeting, Putin said Russia, which sent tens of thousands of troops into Ukraine in 2022, was advancing on all fronts and would achieve its aims by force or through diplomacy, according to Reuters. 

Madhes Province Chief Minister Krishna Prasad Yadav is seeking a vote of confidence from the Province Assembly on Friday. 

CM Yadav had written to the Province Assembly Secretariat urging to make arrangements for the same. According to the Chief Minister's Secretariat, correspondence has been sent to the Provincial Assembly for the purpose of seeking a vote of confidence as per Article 168 of the Constitution.

The constitution stipulates that the Chief Minister must obtain a vote of confidence within 30 days of appointment.

Yadav was appointed as the Chief Minister on December 5 with the support of 77 provincial assembly members from seven parties, in his capacity as the leader of the parliamentary party of the Nepali Congress.

Chief Minister Yadav is expected to easily secure a vote of confidence from the Province Assembly. 

After obtaining the vote of confidence, it is expected that the term of the Madhes Province government will become more stable and the government will be more active in budget implementation, development, construction and good governance tasks.

Bayern Munich were the most heavily sanctioned club in UEFA's latest disciplinary measures announced on Wednesday, receiving a total of 116,000 euros ($136,300) in fines and a partial stadium closure for their next Champions League home game, Reuters reported. 

Bayern were charged with the blocking of public passageways and lighting of fireworks in their match against Sporting earlier this month.

As a result, UEFA ordered the enforcement of a previously suspended penalty, resulting in the partial closure of sectors 111 to 114 at the Allianz Stadium for Bayern's next UEFA home match -- against Union Saint-Gilloise on January 21, according to Reuters. 

Manchester City eased into the semi-finals of the League Cup with a 2-0 home win over Brentford on Wednesday, and will meet holders Newcastle United who needed an added-time Lewis Miley goal to beat Fulham 2-1 at St James' Park, Reuters reported. 

Chelsea, who won 3-1 at Cardiff City on Tuesday, will face either Arsenal or Crystal Palace, who contest the last quarter-final next Tuesday, in the other two-legged semi-final.

Pep Guardiola made seven changes from the City side which won 3-0 at Crystal Palace on Sunday but the hosts had little trouble seeing off Brentford who offered very little going forward, according to Reuters. 

Kylian Mbappe moved tantalisingly close to Cristiano Ronaldo's calendar-year scoring record for Real Madrid with a brace as they earned a 3-2 victory at third-tier Talavera de la Reina on Wednesday to reach the Copa del Rey's last 16 after a pulsating encounter, Reuters reported. 

The French striker's two goals, combined with an own-goal by defender Manuel Farrando, proved enough despite strikes from Nahuel Arroyo and Gonzalo Di Renzo that threatened to spoil Real's evening in front of a raucous crowd.

Mbappe, who came into the game with 56 goals scored in all competitions in 2025, is now one goal shy of the 59-goal calendar-year record set by Ronaldo in 2013, according to Reuters.