Domestic
The Economic Intelligent Unit (EIU) report has indicated that Zambia will continue to deepen its relations with its main bilateral creditor China, and in exchange, Chinese state-owned lenders will probably agree to a debt restructuring preventing a sovereign default. Read more: Zambian Business Times
The Zambian government said on Wednesday that it is finalizing a legislation that will allow for the private sector to participate in off-grid solutions through renewable energy. Read more: Xinhua
Bank of Zambia (BOZ) Deputy Governor for operations Bwalya Ng’andu says the country will fully migrate to the National Financial Switch in the fourth quarter of this year. Read more: Lusaka Times
Barrick’s Lumwana Mining Company says the perception that mining companies always make huge profits is flawed and unrealistic. Read more: Zambian Observer
Vice President Inonge Wina has challenged the Economics Association of Zambia (EAZ) to take up a proactive approach in educating Zambians on economic issues. Read more: ZNBC
International
The U.S. Federal Reserve on Wednesday said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month, as it took stock of rising trade tensions and growing concerns about weak inflation. Read more: Reuters
US and China will resume trade talks ahead of a meeting between their leaders at a G20 summit next week, US President Donald Trump has said. Read more: BBC
Apple Inc has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday. Read more: Reuters
Huawei CEO Ren Zhengfei says the banks at the center of the U.S. case against his company were fully aware of the nature and activities of the business. Read more: CNBC