Nepal experiences catastrophic floods; Nvidia reports record earnings

Nepal faced catastrophic floods on August 26, 2026, with heavy rainfall triggering flash floods in the Kali Gandaki and Trishuli rivers. The disaster affected over 100,000 people, with at least 100 fatalities reported. The floods damaged roads, bridges, and homes, particularly in the mountainous regions of western Nepal. The government declared a state of emergency, and international aid was requested. Nvidia, the American semiconductor company, reported record earnings for the second quarter of 2026, driven by strong demand for its AI chips. The company’s revenue exceeded $20 billion, marking a 30% increase from the previous year. This financial success occurred simultaneously with the Nepal floods, underscoring the global disparity in crises and economic outcomes. The Economist covered the Nepal floods in multiple articles, detailing the humanitarian crisis and the role of Qatar in mediating between the United States and Iran. The same outlet also reported on Nvidia’s earnings, linking the corporate success to broader economic trends in the tech industry.