Domestic
President Edgar Lungu has assured Zambians that government is doing everything possible to stabilize the Kwacha. Read more: ZNBC
United States Ambassador to Zambia, Daniel Foote, says entrepreneurship is critical to job creation and the development of Zambia. Read more: ZNBC
Zambia Sugar Operations Manager Graham Rolfe has disclosed that the company intends to start supplying power to ZESCO using renewable energy. Read more: Lusaka Times
The Competition and Consumer Protection Commission – CCPC has signed a memorandum of Understanding with the National Consumer Commission of South Africa aimed at strengthening partnerships between the two institutions. Read more: ZNBC
Zambia’s Mopani Copper Mines plans to close two shafts at its Nkana mine in Kitwe, the Glencore-owned company said on Friday, a move that union sources said could affect more than 2,000 workers. Read more: Africa News
Zambia has delayed the receipt of loans totalling $2.6 billion contracted last year in order to rein in its soaring debt, Finance Minister Margaret Mwanakatwe said on Friday. Read more: Africa News
International
U.S. President Donald Trump on Friday ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China, underscoring a lack of progress by U.S. and Chinese negotiators in talks aimed at ending an escalating trade war. Read more: Reuters
One of Donald Trump’s top economic advisers has acknowledged the president was wrong to suggest that China would pay tariffs on its exports to the US. Larry Kudlow, who heads the National Economic Council, accepted it was US businesses that paid the import tax. Read more: BBC News
The UK economy picked up in the first three months of the year after manufacturers’ stockpiling ahead of Brexit helped to boost growth. Read more: BBC News
Uber shares slid to close 7.6% down on their first day of trading, as the highly anticipated share market listing failed to win over investors. Read more: BBC News
A trade war between the United States and China is depressing the price of copper and the red metal would be 5% to 15% higher without the dispute. Read more: Reuters
U.S. regulators have approved a new stock exchange that is the brainchild of a Silicon Valley entrepreneur, a move that will give high-growth technology companies more options to list their shares outside of the traditional New York exchanges. Read more: Reuters