Domestic
The Kariba dam that straddles Zambia and Zimbabwe, the world’s biggest man-made reservoir, is emptying fast, sparking fears the countries may have to cut hydropower production there completely. Read more: Bloomberg
Vice-President Inonge Wina says Government has opened up market linkages in China in a bid to stimulate local manufacturing industries. Read more: Lusaka Times
President Edgar Lungu and Paul Kagame, President of Rwanda, will launch the Sustainable Development Goals (SDG/C) Sub-Regional Centre for Southern Africa in Lusaka on Wednesday. Read more: Lusaka Times
Zambia’s Ambassador to Turkey, Joseph Chilengi has urged Turkish investors to participate in the Zambia National Building Society (ZNBS) housing estates development project. Read more: The Independent Observer
International
China has added its currency to the weapons it is willing to use in the trade war with the U.S., and it is now up to President Donald Trump to determine how much further the situation can escalate. Read more: CNBC
China has halted its purchases of U.S. agricultural products and will not rule out levying import tariffs on American farm imports purchased after August 3rd, the Chinese Commerce Ministry said early on Tuesday. Read more: Yahoo Finance
The U.S. Federal Reserve announced on Monday it planned to develop its own round-the-clock real-time payments and settlement service, with an expected launch in 2023 or 2024. The new service, dubbed FedNow, would compete with a private real-time payments system established by a group of large banks in 2017. Read more: Reuters
Britain’s data protection watchdog said on Monday that it had joined with its counterparts from around the world in calling for more openness about Facebook’s proposed Libra digital currency. Read more: BBC News