Zambia Continues to Borrow as China Debt Concerns Rise

Zambia’s government has denied that the country faces an economic crisis, despite widespread concerns that the money it owes China is reaching unsustainable levels. Speaking from Lusaka, Amos Chanda, spokesperson for President Edgar Lungu, told VOA’s Daybreak Africa that, while Zambia may have economic challenges, it’s far from a debt …

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Indonesia Battles Currency Woes

Policymakers in Indonesia are grappling to deal with a weakened currency, the rupiah, which was valued at just 14,930 per U.S. dollar last week — its lowest point since the 1998 Asian financial crisis. But unlike 20 years ago, when economic turmoil led to major political upheaval in Indonesia, most …

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DOE: US, Saudi Energy Ministers Meet in Washington 

U.S. Energy Secretary Rick Perry met with Saudi Energy Minister Khalid al-Falih on Monday in Washington, the U.S. Energy Department said, as the Trump administration encourages big oil-producing countries to keep output high ahead of Washington’s renewed sanctions on Iran’s crude exports. Perry and Falih discussed the state of world …

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India Faces Protests over Rising Fuel Prices

Roads were empty, businesses were closed and schools shut down Monday in parts of India, as opposition politicians looking toward elections called for a nationwide strike over rising fuel prices.   While the strike caused barely a ripple in many cities, protesters burned tires in remote Arunachal Pradesh, threw stones …

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Flush From End of Bailout, Greek PM Announces Tax Breaks

Greek Prime Minister Alexis Tsipras on Saturday unveiled plans for tax cuts and pledged spending to heal years of painful austerity, less than a month after Greece emerged from a bailout program financed by its European Union partners and the International Monetary Fund. Tsipras, who faces elections in about a year, used a keynote policy …

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Trump Says US, Japan Have Begun Talks on Trade

U.S. President Donald Trump said on Friday the United States and Japan have begun discussion over trade, saying that Tokyo “knows it’s a big problem” if an agreement cannot be reached, and that India has also asked to start talks on a trade deal. “We’re starting that,” Trump told reporters …

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