KATHMANDU: The High Court Patan has dismissed a writ petition filed against the recently concluded election of the NADA Automobiles Association of Nepal, clearing the way for the swearing-in of the newly elected Executive Committee. NADA informed that the petition…

KATHMANDU: The ongoing conflict involving Iran is beginning to affect the global automotive industry, with rising oil prices, disrupted shipping routes, and production adjustments already being reported. Industry analysts say the situation is evolving from a geopolitical issue into a…

KATHMANDU: Rising costs in the AI ​​and automotive sectors are driving electric vehicle prices higher worldwide. Automakers face dual pressures: surging demand for memory chips from the AI ​​industry and rising lithium prices causing battery supply shortages. Since mid-2025, prices…

KATHMANDU: The U.S. Treasury has issued a temporary 30-day sanctions waiver allowing Indian refiners to purchase Russian crude oil that was already loaded onto ships and stranded at sea as of March 5, 2026. The waiver, announced by Treasury Secretary…

KATHMANDU: France, Germany and the United Kingdom  released a joint statement condemning what they called indiscriminate and disproportionate missile and drone attacks by Iran against countries in the Middle East. They urged Iran to stop the attacks immediately and said…