Daily FiZ – Tuesday 14/05
Economy

Domestic

Economist Oliver Saasa has called on government to intervene and help sustain the operations of the mines. Read more: ZNBC

The Mine Workers Union of Zambia-MUZ has assured mine workers across the country that the challenges at both Konkola Copper Mines-KCM and Mopani Copper Mines-MCM will not dilute the country’s potential to grow the industry. Read more: ZNBC

The National Council for Construction-NCC- Chief Executive Officer Mathews Ngulube says the forthcoming Copperbelt exposition will trigger the growth of the construction industry in the region exponentially. Read more: ZNBC

Zambia’s Ambassador to Ethiopia Emmanuel Mwamba has announced that a standing business Forum between Zambia and Ethiopia will be formed. Read more: Lusaka Times

International
Uber Technologies Inc’s shares fell 12% on Monday, more than doubling their losses since the ride-hailing giant’s poorly received market debut, and its chief executive officer said he expected the stock to remain under pressure in the coming months. Read more: Reuters

China has said it will impose tariffs on $60 billion of US goods from 1 June, extending a bilateral trade war. The move comes three days after the US more than doubled tariffs on $200 billion of Chinese imports. Read more: BBC News

America’s multinational investment bank, JP Morgan has reduced its exposure to South African local bonds. Read more: Africa News

South Sudan and South Africa have signed a six-year production-sharing agreement for an untapped exploration block in the East African country. Read more: Business Chief

Mercedes-Benz pledged on Monday to make its new passenger car fleet carbon-neutral within two decades, an ambitious goal built on electric vehicles and renewable energy. Read more: CNN

 

 

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