South Korea to help small, medium-sized firms hit by tariffs
South Korea has announced 4.6trn won ($3.25bn) in assistance measures for small and medium-sized enterprises (SMEs) that are expected to be harmed by US tariffs.
The strategy calls for financial aid, subsidies to offset logistics costs, and assistance in growing export markets. The government stated that, while SMEs accounted for 17 percent of Korea's exports in the first quarter, 81 percent consider themselves vulnerable to the 25 percent US tariffs introduced in April, which are currently suspended for 90 days, as reported by Reuters.
Earlier this month, the government approved an additional 13.8trn won budget, part of which will be used to mitigate the economic impact of these tariffs.
Nepali Embassy celebrates Buddha Jayanti in Japan
Nepali Embassy in Japan organized a program on the occasion of the 2569th Buddha Jayanti.
Various cultural and religious programs were held in the program participated by more than 500 Japanese citizens and Nepali nationals.
Speaking at the event, Nepali Ambassador to Japan Durga Bahadur Subedi said that Nepal and Japan share a long history of cultural, religious and diplomatic ties, according to a statement issued by the Nepali Embassy in Japan.
Praising Japan’s valuable support for the economic and social development of Nepal, Ambassador Subedi mentioned that Buddhism is the main basis of Nepal-Japan relations.
On the occasion, the speakers also talked about Buddhism, Lumbini, the birthplace of Gautam Buddha, and Buddha’s teachings.
Israeli strike hits Gaza hospital, 28 dead
An Israeli air strike on the European Hospital in Khan Younis killed 28 people and injured dozens, according to Gaza’s civil defence agency.
BBC said six bombs struck the hospital compound, leaving deep craters and burying vehicles.
The Israeli military claimed it targeted a Hamas command center beneath the hospital in a “precise strike.”
Drones were reportedly seen hovering over the region, causing rescue efforts to be delayed. Two civil defence officers were injured by a quadcopter drone during the response, BBC reported.
Woman dies in Kathmandu house fire
A woman died in a fire that broke out at a house in Makhantole, Kathmandu Metropolitan City-24 on Wednesday.
Police said that the fire erupted due to cooking gas leakage.
Kathmandu District Police Range spokesperson Apil Raj Bohara said that the blaze broke out at a four-storey house belonging to Dayaram Shrestha.
The identity of the deceased person has not been ascertained yet.
Bohara said that efforts are underway to put off the fire.
The fire also spread to the neighboring house, according to police.
