Domestic
South Africa’s High Court on Tuesday granted Vedanta Resources an urgent interdict halting the liquidation of its Konkola Copper Mines (KCM) unit in Zambia until a final decision is made through arbitration. Read more: Reuters
Bank of Zambia has urged people not to get loans from institutions that are not licensed by the central bank. Read more: ZNBC
The Zambia Business Alliance (ZBA) has called on the Zambian Business Community in the Diaspora to Unite and establish working together with a common purpose of contributing to national development from the diaspora perspective. Read more: The Independent Observer
President Edgar Lungu says government is committed to promoting the tourism sector as it is one of the areas that is vital for the country’s economic development. Read more: Lusaka Times
Zambia’s resort town Livingstone comes alive this week as almost 500 business executives including President Edgar Lungu converge at the most important business event on the Zambian calendar thus far. Read more: Lusaka Times
International
American trade negotiators will soon head to China for face-to-face talks as the world’s two largest economies try to strike a deal, sources told CNBC. Read more: CNBC
The biggest shareholders in China’s new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade yesterday, a day after the board’s roaring debut created three new billionaires. Read more: Reuters
The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next. Read more: BBC News
Daimler and China’s BAIC are the latest carmakers to take their relationship to the next level. The German owner of Mercedes-Benz confirmed Tuesday that its Chinese partner, BAIC, has acquired 5% of its shares. Read more: CNN