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The Embassy of the Republic of Korea in Nepal hosted a reception today in Kathmandu to celebrate the National Foundation Day of the Republic of Korea.  

Welcoming the guests to the event, H.E. Mr. Taeyoung PARK, Ambassador, Embassy of the Republic of Korea to Nepal said that, Korea has worked together with Nepal for sustainable economic development and prosperity.

Ambassador PARK stated that Nepal has huge potential in the "three Hs": Human resources, Hydropower, and rich Heritage and Korea wanted to be the right partner to realize these three H potentials.   

The event was attended by Right Honourable Vice President of Nepal, Ministers of different portfolios, Ambassadors, high-ranking government officials and media persons as well as the representatives of diplomatic missions in Kathmandu, business persons based in Kathmandu and South Korean community representatives. 

Prime Minister Sushila Karki held a discussion with Election Commission office-bearers today regarding preparations for the upcoming elections to members of the House of Representatives.

Commission's Acting Chief Commissioner Ram Prasad Bhandari, Commissioners Dr Janaki Kumari Tuladhar, Sagun Shumsher Rana and other officials took part in the discussion held at the Office of the Prime Minister and Council of Ministers, Singha Durbar.

On the occasion, EC office-bearers informed the Prime Minister that more than 60 percent of the work under the elections preparations has been completed and based on the assessment so far it is confident that the elections can be held on March 5.

Acting Chief Commissioner Bhandari said that the process of registering new parties as well as updating of the voter lists, including new voters is encouraging. It is possible to hold the elections on the scheduled date and that the commission is capable of this. 

The commission is working in two sessions from 7 am to 7 pm to manage the pressure of voter list registration in its online system with increased human resources and made arrangements for immediate resolution of technical problems.

Similarly, Director General of the National Civil Registration Department, Namraj Ghimire, said that he is ready to provide the biometric data collected for the distribution of national identity cards to the Election Commission.

The commission is also starting the process of including the voters in the voter list based on the details of the national identity card from Thursday. 

The commission has stated that all the technical preparations and testing work for this will be completed tonight.

So far, 22 national and two international observer organizations have applied for election observation for the elections. 

Similarly, the commission has stated that the draft of the election code of conduct has been sent to all parties for suggestions and is now publishing the election program.

On the occasion, Prime Minister Karki inquired about the possibility of reducing the limit on candidate spending in the election and arranging inter-district voting for the convenience of voters.

The Nepal Stock Exchange (NEPSE) plunged by 20. 56 points to close at 2, 544 . 59 points on Wednesday.

Similarly, the sensitive index dropped by 3. 33 points to close at 441. 04 points.

A total of 8,404,616-unit shares of 321 companies were traded for Rs 3. 84 billion.

Meanwhile, Bhugol Energy Development Company Limited (BEDC) and Sagar Distillery Limited (SAGAR) were the top gainers today with their price surging by 10. 00 percent.

Likewise, Daramkhola Hydro Energy Limited (DHEL) was the top loser as its price fell by 8. 72 percent.

At the end of the day, the total market capitalization stood at Rs 1. 44 trillion.

Allies of the prime minister are making it clear he would fight any challenge to his leadership from Labour MPs, BBC reported.

There are fears from those loyal to Sir Keir Starmer that his job might be under immediate threat, perhaps as soon as shortly after the Budget in a fortnight's time.

Critics say it is evidence that Downing Street is "in full bunker mode" which "won't help the government out of the hole we're in."

Friends of Sir Keir are deeply worried about what they see as plotting going on to try to replace him and are seeking to make clear what they see as the grave risks of a leadership challenge, according to BBC.

Israel has destroyed more than 1,500 buildings in areas of Gaza that have remained under its control since the ceasefire with Hamas started on 10 October, satellite images reviewed by BBC Verify show, BBC reported.

The new photos - the latest of which was taken on 8 November - show that entire neighbourhoods controlled by the Israel Defense Forces (IDF) have been levelled in less than a month, apparently through demolitions.

The actual number of destroyed buildings could be significantly higher, with satellite imagery for some areas being unavailable for BBC Verify's assessment, according to BBC.

The price of gold has dropped by Rs 2, 600 per tola in the domestic market on Wednesday. 

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 244, 300 per tola today.  

The price of silver, however, increased by Rs 5 and is being traded at Rs 3, 170 per tola.

Novak Djokovic said the shortness and timing of Jannik Sinner's ban this year for an inadvertent doping violation was "odd" and the case would hang over the four-time Grand Slam champion like a cloud for the rest of his career, Reuters reported.

Sinner served a three-month suspension following a settlement with the World Anti-Doping Agency in February after authorities accepted the anabolic agent clostebol had entered his system inadvertently via massages from his then physiotherapist at Indian Wells in March 2024.

Djokovic said he did not believe Sinner had acted deliberately, but added the controversy over the perceived disparity between Sinner's treatment and that of lesser-known athletes would linger around the Italian, much like his own deportation from Australia in 2022 over his refusal to take a COVID-19 vaccine, according to Reuters.

Cristiano Ronaldo has put a timeline on his cryptic retirement hint, saying on Nov 11 he will hang up his boots in “one or two years”.

The Portugal forward, who has scored over 950 goals for club and country, made his debut as a teenager at Sporting Lisbon in 2002 and said in an interview that he would retire soon to spend time with his family, Reuters reported.

In June, Ronaldo extended his contract with Saudi Arabian side Al-Nassr until 2027 and the 40-year-old is also targeting the 2026 World Cup, the only major title missing from his trophy cabinet.