Domestic
A textile company in Surat City, in the Indian State of Gujarat, is willing to invest 15 million dollars in a textile plant in Zambia. Read more: ZNBC
Zambia’s High Commissioner to India Judith Kapijimpanga has called on Kiran Gems Private Limited, the world’s largest diamond manufacturers, to consider investing in geological exploration of diamonds in Zambia. Read more: ZNBC
The upcoming first ever China-Africa Economic and Trade Expo is a chance to work towards ensuring that trade volumes between Zambia and China increase with more Zambians being encouraged to participate in export trade, a Zambian expert has said. Read more: China.org
Vedanta says it will challenge any attempt to sell its subsidiary Konkola Copper Mines without its consent. Read more: Zambian Observer
International
The Tanzania government, through the Tanzania Ports Authority (TPA), will build a dry port at Inyala in Mbeya, targeting traders in Zimbabwe, Malawi, Zambia and the Democratic Republic of Congo (DRC), the Parliament heard yesterday. Read more: The Citizen
The Chinese government would like the U.S. to cancel “inappropriate” actions against Chinese companies, vice commerce minister Wang Shouwen said Monday. Read more: CNBC
The world economy is on the leading edge of a recession, UBS said on Monday, which could prompt all major central banks to ease monetary policy in response. Read more: Yahoo Finance
US companies are turning to their lawyers for help in containing the costs of President Donald Trump’s tariffs on goods from China, looking for legal loopholes to help avoid or reduce duties without shifting production to other countries. Read more: Financial Times
Global oil demand is likely to keep rising for at least another 15 years before Asia’s fast growing economies catch up to the shift from hydrocarbons to electric power, a leading consultancy said on Monday. Read more: CNN