Domestic
Government will not continue to pump money in state-owned enterprises that do not provide value to the public. Finance Minister Bwalya Ng’andu says state-owned enterprises that fail to perform will face sanctions depending on the failure. Read more: ZNBC
ZANACO has projected an end year inflation of 10.46 per cent this year premised on increased prices of basic commodities. Read more: Zambia Reports
Xtract Resources said its technical consultants had undertaken an interim review of drill targets over the Eureka in Zambia. Read more: Steel Guru
The Zambia Cooperative Federation (ZCF) says six thousand job opportunities have been created under the Presidential Solar Milling Plant Initiative which was rolled out in 2015. Read more: Lusaka Times
International
Namibian government officials, including public enterprise minister Leon Jooste, have traveled to the United Stated to negotiate Air Namibia’s exit from aircraft lease agreement. Read more: Zambian Observer
Former Chancellor Philip Hammond has accused the PM of trying to wreck the chance of a new Brexit deal, by making demands the EU could never accept. In a Times article, Mr Hammond said a no-deal Brexit would be “a betrayal” of the 2016 referendum result. Read more: BBC News
The US is delaying imposing tariffs on some imports from China until 15 December because of “health, safety, national security and other factors”. Read more: BBC News
JD.com’s shares surged nearly 13% after the company delivered second quarter numbers showing exactly what the market wanted — profitability. Read more: CNBC