Domestic
Former Secretary to Cabinet and current Zambia Atomic Agency Director Dr. Roland Msiska has challenged Engineers in the country to advance their profession, generate ideas through research and development and provide practical solutions to enhance their ability to translate ideas into hardware or software products if Zambia is to develop and industrialize. Read more: Zambian Business Times
Feasibility studies for construction of the $4 billion Batoka Gorge hydro-electric scheme with the capacity to generate 2,400 megawatts of power for both Zambia and Zimbabwe is almost complete. Read more: Zambian Observer
China says Zambia is still a ‘paradise’ for Foreign Direct Investment (FDI) and has pledged to continue attracting investors to the country. Read more: Daily Mail
Arc Minerals Ltd on Tuesday confirmed a “significant” copper find at the Cheyeza target area in Zambia. Read more: Morning Star
Vedanta Resources kept the door open to face-to-face talks with the Zambian government despite legal developments last week which sees fallout between the two sides over the Indian firm’s copper company roll relentlessly on. Read more: Mining MX
International
The European Union and Switzerland have imposed new restrictions that affect each other’s financial firms. It is a striking deterioration in what has long been a close economic relationship. Read more: BBC News
Corporate America is in a bit of a funk. Earnings for S&P 500 companies are expected to fall 2.6% in the second quarter, with another small dip anticipated in the third quarter, according to estimates from FactSet Research. Read more: CNN
Tesla delivered 95,200 cars in its second quarter, a record for the company. Read more: CNN
Growth in China’s services sector slowed to a four-month low in June as new orders from overseas customers fell, a private survey showed on Wednesday, adding to signs of strain on the economy as the U.S.-Sino trade war drags on. Read more: CNBC