Russian soldier sentenced to life in jail in unprecedented Ukrainian trial

A Ukrainian court has handed down the first jail sentence for life against a Russian soldier accused of killing a Ukrainian prisoner of war, BBC reported.

Dmitry Kurashov, 27, was found guilty of shooting dead Vitalii Hodniuk, a veteran 41-year-old Ukrainian soldier who had surrendered following capture in 2024.

Ukraine's national police said that "expert reports, witness testimony and video footage from the scene confirmed that the Russian soldier deliberately killed the POW on the orders of his commanders, who had instructed troops not to take Ukrainian soldiers captive".

Elon Musk's $1tn pay deal approved by Tesla shareholders

Tesla boss Elon Musk has had a record-breaking pay package that could be worth nearly $1tn (£760bn) approved by shareholders, BBC reported.

The unprecedented deal was approved by 75% of votes and drew huge applause from the audience at the firm's annual general meeting on Thursday.

Musk, who is already the world's richest man, must drastically raise the electric car firm's market value over 10 years. If he does this and meets various targets, he will be rewarded with hundreds of millions of new shares, according to BBC.

COP30: World leaders take aim at Trump for climate inaction

US President Donald Trump has been criticised by world leaders for his stance on climate change, ahead of the global COP30 summit, BBC reported.

President Trump, who is not attending the meeting in the Amazonian city of Belem, was called a liar by the leaders of Colombia and Chile for his rejection of climate science.

UK Prime Minister Sir Keir Starmer acknowledged the waning political support on climate change. He said it had been a unity issue internationally and in the UK but "today sadly that consensus is gone".

Over the next two weeks countries will try and negotiate a new deal on climate change, with a particular focus on channelling more money to forest protection, according to BBC.

 

Typhoon Kalmaegi hits Vietnam after killing at least 114 in Philippines

Typhoon Kalmaegi made landfall in Vietnam on Thursday after killing at least 114 people and flooding entire towns in the Philippines, BBC reported.

More than 260,000 soldiers are on standby for rescue efforts as winds of up to 92mph (149km/h) hit the country's coastline, according to Vietnamese media and the government's online portal.

Six airports in the country have been forced to close and hundreds of flights are expected to be affected, the government warned, according to BBC.

President Paudel returns home

President Ram Chandra Paudel returned home from Qatar on Thursday after attending the 'Second World Summit for Social Development' held in Doha, Qatar. The event commenced on Tuesday. 

Vice President Ramsahaya Prasad Yadav, Prime Minister Sushila Karki, Home Minister Om Prakash Aryal, Foreign Secretary Amrit Bahadur Rai, the Qatari Ambassador to Nepal, and the chiefs of security agencies received the Head of the State  at the Tribhuvan International Airport.

On the occasion, a contingent of Nepali Army accorded a guard of honour to President Paudel. 

Paudel departed for Doha on Monday at the invitation of Qatar's Amir Sheikh Tamim bin Hamad Al-Thani, leading a Nepali delegation along with First Lady Sabita Paudel.

The President addressed the main session of the 'Second World Summit for Social Development' held in Doha as per the UN General Assembly's decision.

He also addressed a high-level roundtable conference focused on enhancing the three pillars of social development: poverty alleviation, productive employment and decent work for all, and social inclusion. 

UN Secretary General Antonio Guterres paid a courtesy call on President Paudel during his stay in Qatar.

Paudel also visited the Qatar National Museum on Wednesday.

 

NICCI suggests FinMin Khanal to form Foreign Investor Council

Nepal-India Chamber of Commerce & Industry (NICCI) today suggested Finance Minister Rameshwor Khanal to form the Foreign Investor Council.

Paying a courtesy call on Finance Minister Khanal, NICCI President Sunil KC suggested forming the council to facilitate foreign investors, apprised with issues faced by the Indian multinationals in Nepal including General Sales Tax (GST) and control of unauthorized trade, reads a statement issued by NICCI. 

The recent review of GST by the Indian government is expected to result in widening price arbitrage (raising grey-channel risk) and improved affordability for impacted formal imports – as price ladders shift downwards along with India MRP revisions.

India’s 56th GST Council has approved broad rate changes effective from September 22 this year. This re-bases India MRPs across several Fast-Moving Consumer Goods (FMCG) lines.

On the occasion, KC also highlighted the rise of illegal trade that is bleeding the government coffer.

Responding to KC, Finance Minister Khanal said that the ministry will take up the idea of Foreign Investor Council under the Ministry to facilitate the foreign investor. Nepal needs foreign investment to not only create jobs in the country but also to boost the export and expand economy, he said, according to the statement. 

 

 

Nepse plunges by 11. 29 points on Thursday

The Nepal Stock Exchange (NEPSE) plunged by 11. 29 points to close at 2, 596. 12 ​​points on Thursday.

Similarly, the sensitive index dropped by 2. 08 points to close at 451. 52 points.

A total of 10,868,146-unit shares of 320 companies were traded for Rs 5. 41 billion.

Meanwhile, Daramkhola Hydro Energy Limited (DHEL) was the top gainer today with its price surging by 10. 00 percent.
Likewise, Sampada Laghubitta Bittiya Sanstha Limited (SMPDA) was the top loser as its price fell by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 1. 47 trillion.

Typhoon Kalmaegi death toll hits 114 in Philippines; storm rebuilds strength as it heads to Vietnam

The death toll in the Philippines from Typhoon Kalmaegi rose to 114 with another 127 people still missing, the disaster agency said on Thursday, as the storm that devastated the country’s central regions regained strength as it headed towards Vietnam.

In Vietnam’s Gia Lai province, some 350,000 people were expected to have been evacuated by the middle of the day as authorities warned of heavy rains and damaging winds that could cause flooding in low-lying areas and disrupt agricultural activity.

In the Philippines’ hardest-hit province of Cebu, the scale of the destruction became clearer as floodwaters receded to reveal flattened homes, overturned vehicles and streets choked with debris.