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The U.S. and China are expected to inch toward a managed trade mechanism for non-sensitive goods this week, with each side possibly identifying some $30 billion worth of goods on ​which they could reduce tariffs and sell to each other without crossing national security red lines, Reuters reported. 

The so-called "Board of Trade" was first broached by U.S. Trade Representative Jamieson Greer in March as a key "deliverable" agreement for this week's high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping.

The contours of the plan remain sketchy, but a key shift from past dialogues is clear: Washington is no longer demanding that Beijing change its state-directed, export-driven economic model to become more like the U.S. consumer-driven, market-oriented model.

The Philippine Senate was locked down with military personnel seen entering the building where a senator wanted by the International Criminal Court (ICC) had sought refuge, BBC reported. 

Rounds of gunfire were heard but officials have not revealed who fired the shots. They said there were no casualties.

Senator Ronald Dela Rosa said earlier he believed his arrest was imminent and urged Filipinos to prevent it. He is safe and with security personnel, officials said.

The government has reduced the number of federal ministries to 18 in order to maintain administrative reforms and austerity, reduce unnecessary recurrent expenses and boost up performance. 

A meeting of the Council of Ministers today decided to lower the number of ministries from existing 22 to 18 by approving the 'Nepal Government (Work Division) Regulations, 2083'. 

According to Prime Minister Balendra Shah's Press and Research Adviser Deepa Dahal, the government has retained the Ministry of Finance, Home, Foreign Affairs, Defense, and Law, Justice, and Parliamentary Affairs. 

Similarly, the Ministry of Industry, Commerce, and Supplies, the Ministry of Culture, Tourism, and Civil Aviation, and the Ministry of Energy, Water Resources, and Irrigation have also remained unchanged as per the decision. 

Prioritizing technology and innovation, the government has separated science and technology from the erstwhile Ministry of Education and established a new 'Ministry of Science, Technology, and Innovation' to handle newly added innovation-related tasks. 

In the reorganization of other ministries, extensive adjustments have been made, merging ministries with similar functions, it is shared. 

With this, there will now be the Ministry of Education and Sports, Ministry of Communication, Ministry of Youth, Labor, and Employment, and Ministry of Land, Cooperative, and Human Resources. 

Similarly, the Ministry of Women, Children, Gender, and Sexual Minorities and Social Security, Ministry of Health and Food Security, Ministry of Infrastructure Development, and Ministry of Agriculture, Forests, and Environment have come into existence. 

The information technology-related tasks, previously carried out by the former Ministry of Communications and Information Technology, are now merged into the Office of the Prime Minister and Council of Ministers. 

Immediately after the formation of the new government, a plan to review the number of ministries for administrative reform and cost-cutting was put forward under the '100-Point Agenda for Government Reform.' 

To implement the plan, the division of work, renaming, and merging of ministries were carried out based on the report submitted by the 'Restructuring Management Secretariat,' chaired by Secretary Govinda Bahadur Karki, adviser Dahal informed. 

The move has been taken to solve the problem of excessive operational costs due to having more ministries than necessary and to make the state machinery more efficient.

Even the third meeting of the House of Representatives (HoR) held on Wednesday failed to enter the regular business owing to obstruction by the opposition parties. It prompted the Speaker to postpone the meeting till Thursday.

The opposition parties demanded the presence of Prime Minister Balendra Shah in the Parliament and sought the Speaker's ruling for it. Although the Parliament meetings were held multiple times, it could not enter the regular business. 

The next meeting is scheduled for 11 am Thursday.

The HoR meeting on Wednesday was scheduled to hold a discussion on the government's policies and programs which was read out by President Ram Chandra Paudel on Monday.

Nepali Congress (NC) has reshuffled its Central Disciplinary Committee. 

NC President Gagan Kumar Thapa on Wednesday reshuffled the Central Disciplinary Committee constituted in accordance with the Article 34 (7) of the Nepali Congress Statute, 2017 (with amendment). 

The reconstituted committee comprises central member Taraman Gurung as the coordinator, and central members Dhana Khatiwada, Ramesh Prasad Dhamala and Bajarang Nepali as the members. 

Donald Trump lands in Beijing for a high-stakes two-day visit with his Chinese counterpart Xi Jinping, BBC reported. 

Trump is greeted on the tarmac by Chinese Vice-President Han Zheng as well as flag wavers chanting "welcome"​​​​​.

The US president is accompanied by tech bosses, including Tesla's Elon Musk and Nvidia's Jensen Huang - before his arrival he said he would ask China to "open up" to US industry

Prakash Adhikari has been appointed as the Secretary of the House of Representatives.

President Ram Chandra Paudel appointed Adhikari as the Parliament Secretary on the recommendation of Speaker Dol Prasad Aryal.

Ritesh Kumar Shakya, spokesperson of the Office of the President, said that Adhikari was appointed as the Secretary of the House of Representatives in accordance with Article 106, Clause (1) of the Constitution of Nepal, on the recommendation of the Speaker.

Earlier, President Paudel had removed Secretary of the House of Representatives Harkaraj Rai from his post on the recommendation of the Speaker.

Adhikari was appointed as the secretary after Rai was relieved of his post.

Discussions on the government’s policies and programs for the fiscal year 2083/84 have begun in the National Assembly. 

The deliberations on policies and programs have started on a party basis in the meeting today.

In the meeting, NA Chairman Narayan Prasad Dahal informed the assembly that eight amendment proposals were received on the policies and programs, including a joint amendment proposal from 19 members.

Before that, Finance Minister Swarnim Wagle, on behalf of Prime Minister Balendra Shah, proposed that the Assembly initiate discussions on the government’s policies and programmes for the fiscal year 2083/84, as mentioned in the address delivered to the joint sitting of both houses of the Federal Parliament by the President on May 11.