Domestic
President Edgar Lungu has urged Hinduja Group of companies, which has shown interest to set up a Leyland truck and bus Assembly plant in Zambia to quicken the process. Read more: ZNBC
High mealie meal prices have increased Zambia’s annual inflation rate to 9.3 percent in August from 8.8 percent last month. Read more: ZNBC
President Edgar Chagwa Lungu, President of the Republic of Zambia yesterday met Ashok Leyland Chairman Prajash Hinduja who has pledged to open an Ashok Leyland Plant in Zambia. Read more: Lusaka Times
State-owned telecommunications company Zamtel on Wednesday commissioned two communication towers in Petauke and Lusangazi Districts in the Eastern Province as part of plans to attain universal coverage of communication services. Read more: Lusaka Times
The Petroleum Transporters Association of Zambia – PTAZ has welcomed government’s move through the Ministry of Transport and Communications to implement a 50% quota of outgoing cargo to to be trucked by local transporters, in a moved aimed at supporting local businesses and retaining funds in the Zambian economy. Read more: Zambian Business Times
Zambian Breweries Plc has posted increased of profits after tax of K193 million in the half-year period ending June 30, 2019, partly triggered by increased sales in clear beer. And Zambian Breweries says that despite Zambia’s ongoing economic challenges, the rapid growth of the middle-class remains an opportunity. Read more: Diggers
International
Tesla Inc. raised car prices in China, responding to trade tensions that weigh on the country’s currency and have led to oscillating import tariffs on vehicles. Read more: Bloomberg
President Donald Trump said the U.S. and China are set to have trade talks on Thursday “at a different level.” “There’s a talk scheduled for today at a different level,” Trump said in an interview with Fox News Radio without elaborating on what “a different level” means. Read more: CNBC
The trade conflict between Japan and South Korea is a sign that the global order “is now collapsing,” according to Deborah Elms, executive director at the Asian Trade Centre. Read more: CNBC
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