- Monday, 18 November 2024
Kathmandu, Oct 10 : Vice-president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Employers Council chairman,…
Myagdi, Oct 10 : Heavy hailstorm has damaged the paddy crop at Jyamrukkot of Beni municipality in the district. The…
WASHINGTON, Oct 9 (AP) — President Donald Trump and China's Xi Jinping have plenty of reasons to call off their…
SAN FRANCISCO, Oct. 4 (Xinhua) -- U.S. online payment firm PayPal Holdings Inc. said Friday it is withdrawing from the Libra Association, a 28-member digital currency project led by social media giant Facebook. While expressing continued support for Libra's "aspirations," Paypal said it decided to leave the global cryptocurrency club expected to consist of such big names as Visa, Uber, Lyft, and Mastercard. "PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations," said Paypal headquartered in San Jose, Northern California. PayPal's decision made it the first founding member to back away from the Libra Association that was formally announced in June 2019. Facebook has previously unveiled plans to launch the digital currency in June 2020 in partnership with other members. However, the company said it still regarded Facebook as "a longstanding and valued strategic partner" which it will continue to support in "various capacities." PayPal's withdrawal came after the Wall Street Journal reported Wednesday that other Libra members including Visa and Mastercard were also reconsidering their commitment to the group. Libra is a membership organization founded by Facebook's subsidiary Calibra and 27 others across payment, technology, telecommunication, online marketplace, venture capital and nonprofits, which is created to oversee and manage cryptocurrency and related transactions across the globe.
Kathmandu, Oct 3 : The government has decided to conduct a market monitoring even during the public holidays. According to…
Rupandehi, Oct 3 : State 5 minister for internal affairs and law Kul Prasad KC said the 4G service launched…
GENEVA, Oct 2 (AP) — The United States got the green light Wednesday to slap $7.5 billion in new tariffs…
Kathmandu, Oct 2 : The Nepal-New Zealand First Bilateral Foreign Ministry Consultation meeting was held in Kathmandu today. …
Kathmandu, Oct 2 : Nepal Telecom has launched fourth generation (4G) service in more than 50 places of 32…
Kathmandu, Oct 2 : The first-ever German-Nepal Business Forum aims to increase and promote the Germany's investment in Nepal kicked…
