#ZAMBIA News

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Zambia’s AI mining hopes are raising familiar concerns

semafor.com LUSAKA, Zambia — A $150 million investment in a Zambian copper mine by a company backed by Bill Gates and Jeff Bezos reflects rising demand for metals used in electric…

Washington's African Investments Need a PR Push

newsweek.com On Jan. 27, Treasury Secretary Janet Yellen ended her 10-day trip to three African democracies—Senegal, Zambia, and South Africa—to promote economic ties between the United…

China is paralysing global debt-forgiveness efforts

economist.com G his country is on the brink, Mohammad Ishaq Dar, Pakistan’s economy minister, is strangely serene. In the week to January 20th, his government burned through a quarter of…

Before A World Cup, Ida Sports Rivals Nike And Others To Give Women Suitable Soccer Boots

forbes.com Ida Sports, the company cofounded by Laura Youngson to provide the best women’s soccer boots on the market, knows its stuff. It’s a good thing, too, because not every…

Top U.S., Chinese and Russian officials tour Africa as global charm offensive gathers pace

cnbc.com Russian Foreign Minister Sergei Lavrov, new Chinese Foreign Minister Qin Gang and U.S. Treasury Secretary Janet Yellen have all embarked on African tours within the past…

What’s Behind The ESG Investment Backlash

forbes.com In the US, the past couple of years have been a topsy-turvy time for investment aiming to improve environmental, social, and governance (ESG) outcomes. This kind of…

Yellen warns of debt ceiling "catastrophe" for U.S. and beyond

axios.com Treasury Secretary Janet Yellen told Axios she is “nervous” about the U.S. defaulting on its debt and cautioned that Americans likely will face a scary and spiraling…

African countries barred from foreign borrowing risk explosive domestic debt

semafor.com African countries unable to borrow internationally risk amassing domestic debts that could “significantly blow up,” a senior African Development Bank economist has warned.…

One-third of the world faces recession in 2023, IMF warns

euronews.com For a third of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening…

‘A perfect storm for the whole food system right now’: One of the world’s largest fertilizer companies warns that every country—even those in Europe

fortune.com The Ukraine war upended the global economy in many ways. Energy markets have been among the most affected , with declining Russian oil and natural gas exports to the West…

Rising debt is “sand in the wheels” to the world’s poorest countries

marketplace.org The world’s poorest countries owe close to $1 trillion in debt to private investors and to other countries. The debt-service payments alone in 2022 are projected by the…

Canadian miners facing big tax hikes as mineral-rich countries look to cash in on commodities boom

theglobeandmail.com First Quantum Minerals Ltd.’s tussle with Panama over taxes is a microcosm of a global phenomenon that threatens the profitability of some of Canada’s biggest mining…

Yellen says Africa to shape world economy as US reengages

go.com PRETORIA, South Africa -- U.S. Treasury Secretary Janet Yellen watched Ford cars and pickup trucks being assembled at a plant in South Africa on Thursday, citing it as an…

The world is running the risk of a global food crisis, fertilizer giant CEO says

fortune.com The Ukraine War upended the global economy in many ways. Energy markets have been among the most affected, with declining Russian oil and natural gas exports to the West…

Janet Yellen prioritizes South Africa's green energy transition during visit

foxbusiness.com U.S. Treasury Secretary Janet Yellen discussed South Africa’s transition from its heavy reliance on coal to greener energy sources during talks with the country’s finance…

China's first African debt rodeo is playing out in a land-locked country bigger than Texas

axios.com Lusaka, Zambia — The first test for African debt restructuring in a post-COVID world is playing out in Zambia, a land-locked country bigger than Texas, rich in copper and…

Yellen discusses energy transition in South Africa with country’s finance minister

theglobeandmail.com U.S. Treasury Secretary Janet Yellen is discussing South Africa’s transition from its heavy reliance on coal to greener energy sources during talks with the country’s…

Yellen discusses energy transition in South Africa

apnews.com U.S. Treasury Secretary Janet Yellen is discussing South Africa’s transition from its heavy reliance on coal to greener energy sources during talks with the country's…

China fires back at Yellen, tells US to 'cope' with its own debt

foxbusiness.com China clapped back at U.S. Treasury Secretary Janet Yellen this week after she accused Beijing of being a debt reform "barrier" for Africa and told Washington to "cope with…

Shocking truths behind smartphone and EV batteries: children mining cobalt

newsweek.com a 250-mile crescent from Kolwezi to northern Zambia—is the source of 10 percent of the world's copper as well as about half of the world's cobalt reserves. Cobalt—deemed…

Fix Your Own Debt Issues, Says China on Yellen Africa Remarks

asiafinancial.com US Treasury Secretary Janet Yellen’s remarks this week calling China a “barrier” to debt reform in Africa received a pointed response from Chinese officials in Zambia — get…

China uses US debt battle to deflect pressure on Africa debt

go.com BEIJING -- The Chinese government says the United States should stop pressuring it on debt relief for Zambia and get its own financial house to avert a default and possible…

Treasury takes another 'extraordinary' step on debt limit

apnews.com U.S. Treasury Secretary Janet Yellen speaks during a meeting with Zambia's President Hakainde Hichilema at the State House in Lusaka, Zambia, Jan. 23, 2023. (AP Photo/Salim…

Casting Stones From a Glass House: Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy

bitcoin.com The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a…

‘Blood Batteries’ Drive America’s Frantic EV Ambitions

washingtonpost.com In its rush to secure and build America’s electric vehicle and battery-supply chains, the US government is reaching far and wide, splashing out billions in commitments. But…

Yellen visits Zambian farm to showcase Africa's ag potential

apnews.com U.S. Treasury Secretary Janet Yellen traveled from a small farm on a rural red clay road to a ramen noodle manufacturing plant in Zambia's bustling capitol of Lusaka on…

Yellen’s South Africa visit: ‘Not especially warm welcome’

foxbusiness.com JOHANNESBURG, South Africa – Africa has become the superpowers’ flavor of the month, as senior politicians from the U.S., China and Russia have been leaving crisscrossing…

China offers Sri Lanka debt moratorium, IMF help still in doubt

reuters.com [1/2] Drivers push auto rickshaws in a line to buy petrol from a fuel station amid Sri Lanka's economic crisis, in Colombo, Sri Lanka, July 29, 2022. REUTERS/Kim…

China Loans to Emerging Nations Hit 13-Year Low in 2021: Study

asiafinancial.com Loans from China’s two main trade policy banks fell to a 13-year low of $3.7 billion in 2021, a new study has revealed. Lending by the China Development Bank (CDB) and the…

Janet Yellen Pushes China on Debt Relief for Zambia

wsj.com Zambian President Hakainde Hichilema, pointing, met Monday with U.S. Treasury Secretary Janet Yellen during her three-country trip to Africa. LUSAKA, Zambia—Treasury…

China Criticizes US for Debt Ceiling, Makes Accusations of Sabotage

watcher.guru China has criticized the United States over its debt limit. The criticism comes after Treasury Secretary Janet Yellen spoke against China’s handling of debt issues in…

Yellen urges Zambia debt restructure after talks with China

investing.com U.S. Treasury Secretary Janet Yellen said on Monday during a visit to Zambia that it was critically important to restructure the country's debt, and she believes progress…

China Slams US on Debt Limit and Accuses Washington of Sabotage

yahoo.com China invoked the US’s brinkmanship over its own debt limit as it hit back at Treasury Secretary Janet Yellen’s criticism of Beijing’s handling of debt issues in developing…

China development loans to emerging economies hit 13-year low in 2021

reuters.com [1/2] A woman takes pictures of the China Development Bank booth at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 3, 2021.…

Yellen says IRS needs to be 'completely redone'

aol.com U.S. Treasury Secretary Janet Yellen on Sunday said rebuilding the Internal Revenue Service would be one of her top priorities in coming years, putting her squarely at odds…

During trip, Yellen pushes for China to address Zambia's heavy debt burden

pbs.org U.S. Treasury Secretary Janet Yellen, on the second leg of an African tour aimed at promoting American investment and ties, said on Monday it’s crucial to immediately…

Zambians pursue lead poisoning mining lawsuit against Anglo American

semafor.com JOHANNESBURG — A court case alleging a global mining giant was responsible for the lead poisoning of more than 100,000 Zambians could become one of Africa’s biggest class…

Lavrov blames West for no Ukraine talks, defends navy drills

apnews.com Russia was willing to negotiate with Ukraine in the early months of the war, but the United States and other Western nations advised Kyiv against holding talks, Moscow's top…

US Wants Faster Progress on World Bank Climate And Crisis Funds

asiafinancial.com The United States wants to see faster progress on the World Bank’s plans for expanding its lending capacity to address climate change and other global crises, US Treasury…

Yellen in Zambia to discuss debt to China, public health

apnews.com U.S. Treasury Secretary Janet Yellen is in Zambia on the second leg of her African tour, a stop aimed at promoting American investment and ties while she's in a capital city…

Yellen dismisses minting $1 trillion coin to avoid federal default

marketwatch.com LUSAKA, Zambia — Treasury Secretary Janet Yellen said the Federal Reserve likely wouldn’t accept a $1 trillion platinum coin if the Biden administration tried to mint one to…

Yellen Dismisses Minting $1 Trillion Coin to Avoid Default

wsj.com U.S. Treasury Secretary Janet Yellen is a former chair of the Federal Reserve and meets regularly with central bank’s current leader. LUSAKA, Zambia—Treasury Secretary Janet…

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