Global Governance

As Nepal navigates its complex geopolitical position – sandwiched between giant neighbours and increasingly courted by global powers – the Mustang uranium proposal highlights the tension between development ambitions and the preservation of sovereignty.

The path forward requires governments, corporate employers, and workers’ rights organizations to engage in robust social dialogue. Integrating rigorous psychosocial risk management directly into standard occupational safety and health systems is no longer optional.

Prime Minister Balendra Shah has successfully executed a symbolic and structural reset of Nepal’s diplomatic posture in just 24 hours.

As tensions persist, the world watches closely, aware that even minor escalations could have far-reaching consequences. The Strait of Hormuz, long recognised for its strategic importance in energy markets, is now emerging as a critical node in the global food supply chain.

As Europe grapples with populist anti-migration sentiment, Spain has positioned itself as a counterpoint.

IMF says, with tensions still high and no immediate resolution in sight, policymakers, businesses and households must prepare for a more challenging economic environment.

In its policy brief released on Monday, the UNDP described the conflict as “development in reverse”, cautioning that even a fragile ceasefire may not prevent long-lasting economic damage.

At the international poverty line of $3 a day, an additional 1.4 million people are estimated to have slipped into poverty between 2022 and 2025 due to stagnant labour incomes and persistent inflation that eroded the benefits of whatever growth occurred.