Fruit factories to contribute to economic growth, Job creation. Th national pension scheme Authority (NAPSA) has invested K60 million into the creation of three fruit processing factories through a short-term loan financing facility to Industrial Development Corporation. Read more
Work from home, directs Lungu
TO CURB the further spread of coronavirus, non-essential workers have been directed to work from home as Zambia recorded 125 new cases, six deaths and 104 recoveries in the 24 hours preceding yesterday. President Edgar Lungu wants the non-essential staff to work remotely using various technological platforms to minimise direct interactions at work places. The head of State’s decision follows the continued surge of COVID-19 cases and deaths in the country. Minister of Health Chitalu Chilufya said Secretary to the Cabinet Simon Miti will issue guidelines on the work schedule.
Europe Stock Futures Decline; Gold Extends Slide: Markets Wrap
European equity futures sank along with most Asian stock markets Wednesday amid doubts over the timing of a spending package from Washington and some position-trimming in high-flying sectors. The gold selloff entered a second day after it tumbled the most in seven years Tuesday. Shares fell in Shanghai, Sydney and Hong Kong, while Japanese stocks bucked the trend. S&P 500 contracts fluctuated after the benchmark fell for the first time in eight trading sessions Tuesday as investors sold some of the rally’s biggest winners. Also weighing on sentiment were comments from Senate Majority Leader Mitch McConnell saying stimulus talks are at a stalemate. Treasury yields held their overnight rise. The dollar pushed higher against its major peers.
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