Domestic
Despite the continued trade war between the United States and China eroding copper price, Zambia’s metal exports increased to almost K5.6 billion in April from about K5.5 billion in March. Read more: Zambia Daily Mail
Zambia’s Ambassador to Germany, Anthony Mukwita has called on Africa-Verein, the association of German businesses to attend the Inaugural Economic Association of Zambia -EAZ- National Economic Summit scheduled for July in Livingstone. Read more: ZNBC
Finance Minister Margaret Mwanakatwe says the proposed sales tax is not final and can be adjusted. Read more: ZNBC
An Indian Company Agrawal plans to build a ONE Hundred Mega Watt capacity solar panel manufacturing facility in Zambia. Read more: ZNBC
International
Zimbabwe’s Energy Minister Fortune Chasi has revealed that water levels in Lake Kariba were so low that current supplies will only be able to generate power for the next 14 weeks, paving way for deeper power cuts in the country. Read more: Lusaka Times
Facebook has begun talks with the top US derivatives regulator over its plans for a digital currency, in a sign of how the world’s largest social media platform is laying the groundwork for an ambitious push in to payments. Read more: Financial Times
Mexico has warned US President Donald Trump that tariffs on Mexican goods could worsen illegal immigration to the US and end up hurting both countries. Read more: BBC News
A U.S. interest rate cut “may be warranted soon” given the rising risk to economic growth posed by global trade tensions as well as weak U.S. inflation, St. Louis Federal Reserve president James Bullard said Monday, the first Fed official to say recent events may require a central bank response. Read more: CNBC