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Strait of Hormuz choked as war risk sends global shipping into freefall

KATHMANDU: Global shipping through the Strait of Hormuz has ground to a near standstill following escalating military conflict between the United States, Israel, and Iran, after strikes killed Iran’s Supreme Leader Ayatollah Ali Khamenei on Saturday and prompted a wave…
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Nepal Rastra Bank holds firm on auto lending policy

KATHMANDU: Nepal Rastra Bank has continued to introduce flexible measures to support economic activity, but the central bank has kept its policy on the automobile sector largely unchanged over the past year. Since the last fiscal year, the central bank…