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Prime Minister KP Sharma Oli has informed Parliament about Nepal's participation and achievements at the fourth international conference on 'Financing for Development' held in Seville, Spain. 

In today's meeting of the House of Representatives (HoR), Prime Minister Oli stated that the conference has contributed to increasing new partnerships globally for economic diplomacy and has further accelerated the achievement of sustainable development goals. 

In the conference, Prime Minister Oli addressed on behalf of the least developed countries, advocating for their justice and socio-economic development. 

He informed that through the implementation of the Sevilla commitment; these countries expect to receive global support and assistance for their upgrading. He mentioned that Nepal is set to graduate to a developing country by 2026.

Prime Minister Oli shared information to the House about his leadership and advocacy commitments through his address to the meeting of the group of least developed countries, various slide presentations, and roundtable discussions.

With forty-four least developed countries, Nepal has demonstrated the potential for effective leadership among those nations during the conference, he clarified. On the day before the conference, Prime Minister Oli addressed a gathering of civil society, calling for a proactive role of a strong civil society. 

Prime Minister Oli also shared that Nepal has adopted a democratic and liberal system for civil society.   

Prime Minister Oli said that the relations between Nepal and the United Nations have strengthened, and advocacy has taken place for the development of least developed countries. 

"Expectations regarding financing for development, formal and informal development cooperation, as well as climate financing have been called for," said Prime Minister Oli. 

"Efforts have been made to articulate the priorities of development partnerships. Nepal has proven to be a responsible and capable country in the international community. There are expectations for advancing economic diplomacy and increasing foreign investment."

Prime Minister Oli had departed for the conference on June 28 and returned home on July 4.

The Nepal Stock Exchange (NEPSE) plunged by 21. 60 points to close at 2,684. 76 points on Monday.  

Similarly, the sensitive index dropped by 4. 03 points to close at 459. 75 points.

A total of 19,415,688-unit shares of 311 companies were traded for Rs 8. 37 billion.

Meanwhile, Mathillo Mailun Khola Jalvidhyut Limited (MMKJL) was the top gainer today with its price surging by 6. 56 percent. Likewise, Rapti Hydro And General Construction Limited (RHGCL) was the top loser with its price dropped by 10. 00 percent.

At the end of the day, the total market capitalization stood at Rs 1. 51 trillion.

President Ram Chandra Paudel has said that the growing craze for cricket among the Nepalis and success achieved by Nepali players in recent periods are admirable.  

Congratulating the ACC Men's U-16 East Zone Cup winning Nepali National Cricket Team at Sheetal Niwas today, President Paudel mentioned that the success achieved by Nepalis in cricket is the result of players' dedication, passion and hard work towards the game.  

He clarified that the team boosted the reputation and prestige of Nepal and Nepalis by winning the title of the ACC Men's U-16 East Zone Cup. 

The President opined that the country's reputation and prestige could be increased if our traditional games could be included in the international championship by revising, developing and expanding them.

All should pay attention to developing necessary infrastructures for sports and produce skilled players able to compete at home and abroad, he argued.

Visiting Foreign Minister of Switzerland Ignazio Daniele Giovanni Cassis paid a courtesy call on Prime Minister KP Sharma Oli today.

During the meeting, the two leaders exchanged views on further strengthening the friendly relations between Nepal and Switzerland and enhancing cooperation in the development sector.

Minister Cassis reiterated Switzerland’s continued support for Nepal’s development, including the enablement of federalism, successful conclusion of transitional justice, climate change mitigation and adaptation, and disaster management efforts.

The Prime Minister said despite Nepal’s history of prolonged conflict and political instability, the current coalition government comprising two major political parties aims to promote development, good governance, and democracy through collaboration. 

He also acknowledged Switzerland’s long-standing support for Nepal’s development efforts.

Dr Danielle Meuwly, Swiss Ambassador to Nepal, and officials from Nepal’s Ministry of Foreign Affairs were also present on the occasion.

Former Prime Minister Jhalnath Khanal departed for China today to participate in the 'World Civilization Dialogue' organized in Beijing at the invitation of the Communist Party of China (CPC). 

Before attending the main programme in Beijing, Khanal is scheduled to visit Henan Province for three days, said his personal secretary Krishna Bhattarai. 

Former Prime Minister Khanal, also a respected leader of CPN (Unified Socialist), will observe the modern agricultural research centres, 'digital' technology companies, new energy technology factories, and model projects for rural revitalization there.

According to aide Bhattarai, he will address a special interaction organized by the CPC Henan Provincial Committee as the chief speaker. 

After concluding the event in Henan, Leader Khanal will arrive in Beijing, the capital of China, on July 9. 

In Beijing, he will address two important sessions on July 10. 

He will speak as the chief speaker at the third part of the full session of the 'Ministerial World Civilizational Dialogue,' on 'Joint Promotion of Shared Values of Humanity.' 

On the same day, he will also deliver remarks as the chief speaker at the inauguration ceremony of the sixth sub-forum titled 'Exchanges between Civilizations, Mutual Learning, and Intellectual Dialogue.'

During his stay in Beijing, Leader Khanal is scheduled to have courtesy meetings with prominent leaders, including Liu Jianchao, head of the Foreign Affairs Department of the CPC, and also meet with former Prime Ministers, ministers, experts, and representatives from various countries attending the conference. 

Leader Khanal is scheduled to return home on July 11 after completing a five-day visit.

Minister for Culture, Tourism and Civil Aviation Badri Prasad Pandey on Monday left for France to attend the 47th session of UNESCO World Heritage Committee. 

Minister Pandey will present a proposal to include Tilaurakot, the historical place of Kapilvastu, in the list of World Heritage Sites in the session scheduled in Paris, according to the Tourism Ministry. 

Secretary of the Tourism Ministry, Hari Prasad Mainali, and other high-ranking officials bade farewell to Minister Pandey at Tribhuvan International Airport. The visit would be a milestone to give international recognition to Tilaurakot. 

The World Heritage Committee has 21-member countries including India, Qatar, Japan and Korea, among others from Asia.

A majority vote is required to approve any new inscription.

President Donald Trump on Sunday called Elon Musk's plans to form a new political party "ridiculous," launching new barbs at the tech billionaire and saying the Musk ally he once named to lead NASA would have presented a conflict of interest given Musk's business interests in space, Reuters reported.

A day after Musk escalated his feud with Trump and announced the formation of a new U.S. political party, the Republican president was asked about it before boarding Air Force One in Morristown, New Jersey, as he returned to Washington upon visiting his nearby golf club.

"I think it's ridiculous to start a third party. We have a tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system, and I think starting a third party just adds to confusion," Trump told reporters.

"It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it's ridiculous."

President Donald Trump said the U.S. will impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose leaders kicked off a summit in Brazil on Sunday, Reuters reported.

With forums such as the G7 and G20 groups of major economies hamstrung by divisions and the disruptive"America First" approach of the U.S. president, BRICS is presenting itself as a haven for multilateral diplomacy amid violent conflicts and trade wars.

In opening remarks to the BRICS summit in Rio de Janeiro, Brazil's President Luiz Inacio Lula da Silva drew a parallel with the Cold War's Non-Aligned Movement, a group of developing nations that resisted joining either side of a polarized global order.

"BRICS is the heir to the Non-Aligned Movement," Lula told leaders. "With multilateralism under attack, our autonomy is in check once again."

In a joint statement released on Sunday afternoon, the group warned the rise in tariffs threatened global trade, continuing its veiled criticism of Trump's tariffpolicies, according to Reuters.