News on December 7

Nepal News

  1. China Visit Developments: Prime Minister K.P. Oli returned from a four-day official visit to China, during which Nepal and China signed a nine-point agreement focusing on health cooperation, digital economy, and disaster management. The two nations also discussed new projects under the Belt and Road Initiative (BRI), with a shift towards aid-based investments​

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  2. Local Governance and Reconstruction:
    • Earthquake Recovery: Reconstruction of quake-damaged classrooms in Karnali Province has begun following the approval of new guidelines​

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    • Road Infrastructure: In Tinau, a three-month-old road collapse remains unaddressed, causing significant distress for locals​

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  3. Transitional Justice Controversy: The shortlist of candidates for transitional justice bodies has sparked criticism from conflict victims, who allege political interference​

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  4. Health Challenges: Lumbini Province faces a severe shortage of anti-rabies vaccines, driving patients to seek treatment in India​

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  5. Legal and Political Updates: An arrest warrant was issued for Rabi Lamichhane over a cooperative scam, extending his remand​

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Global News

  1. COP29 Discussions: The COP29 climate summit in Dubai focused on advancing global climate policies, with particular emphasis on increasing contributions to climate funds by developed nations​

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  2. Israel-Hamas Conflict: Intense negotiations for a truce in the ongoing Israel-Gaza conflict continued, mediated by Qatar and the U.S., while humanitarian aid struggled to reach affected civilians​

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  3. Russia-Ukraine War: Fighting intensified in eastern Ukraine, with Ukraine’s forces making gains in several key areas as winter conditions set in​

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  4. Economy and Markets: Oil prices saw fluctuations following OPEC’s latest announcements on production cuts, while global stock markets remained volatile amidst concerns over inflation​

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