Domestic
The Bank of Zambia has called on business entities and citizens to focus on opportunities that exist in the country amidst the economic challenges facing the country. Read more: ZNBC
Minister of Commerce and Industry, Christoper Yaluma says government will not go ahead and sign the African continental free trade AfCFTA agreement until after the conclusion of consultations with stakeholders. Read more: ZNBC
Fujian Haian Rubber Company Limited, a tyre manufacturing firm from China has established its base in Zambia to market its products and services in Africa, a company official said on Wednesday. Read more: Lusaka Times
UK High Commissioner Fergus Cochrane-Dyet has questioned the Economic Association of Zambia’s latest statements on the state of the economy. Read more: Lusaka Times
International
A key metric for Tesla’s sales bounced back in the spring after a disappointing first quarter, but the company will need consistent strong performance to return its stock back to levels seen earlier this year. Read more: CNBC
Huawei has signed a deal with Russian telecoms firm MTS to develop 5G technology in Russia. The companies will develop next-generation 5G networks in Russia over the next year. Read more: BBC
The euro climbed higher against the U.S. dollar on Thursday, after the European Central Bank (ECB) said it would delay its first post-crisis interest rate hike until at least the middle of next year. Read more: CNBC
Bank of England Governor Mark Carney said Thursday that the U.S. dollar’s dominance over the global financial system is in no immediate danger, but stressed that changes are slowly under way as China’s financial opening proceeds. Read more: CNBC
Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponize its supply-dominance of the prized minerals in its trade war with Washington. Read more: Reuters