And zambia has been seen by many as a test case for how well the common framework works. But despite protracted negotiations, the zambia Debt Relief Deal has collapsed, raising doubts about the workability of the common framework. Zambias president hakainde hichilema, who inherited a huge Debt Overhang when he was elected in 2021 has been spearheading efforts to get the countrys economy back on track. I spoke to the zambian president in an exclusive interview and began by asking him about the economy. I think we did our part as a country in terms of meeting our obligations. We did that well ahead of time. Now it is for the other part of the stick to come on board. The bilateral creditors, i think we are doing reasonably well. Delayed . Yes, it was delayed. But the private creditors, we now need to close and put this to bed so that it can create the headroom we needed, we anticipated long before. But these delays are beginning to negate the gains that we already made as a country in our
on stock exchanges. the approval of the bitcoin exchange traded funds, or etfs, is seen by supporters as a watershed for crypto, giving it financial respectability and mainstream acceptance on wall street, after a string of controversies. erin delmore reports from new york. this decision was years in the making and now it will allow people and institutions to invest in bitcoin almost as easily as they buy stocks. the move could increase demand for bitcoin and legitimacy for the crypto currency industry, which has weathered scandal and scepticism. sec chair did not shy away from that in a statement saying, while we approve the listing and trading of certain ept spot bitcoin shares today, we did not approve or endorse bitcoin. he said investors should remain caution about the risks associated with bitcoin and said the crypto currency is, primarily a speculative volatile asset. while investors and crypto watchers awaited the decision, a false tweet was posted on the sec official
meanwhile, g7 leaders injapan announce new sanctions against moscow we ll have the latest from both summits. the tesco boss quits after allegations of inappropriate behaviour. in the next hour, nasa will announce the company to build spacecrafts for their latest expedition to the moon. welcome to bbc news. it is a day of two important summits with the war in ukraine being the common theme. at the g7 gathering injapan, world leaders met to discuss a new round of sanctions against russia. while at the arab league meeting in saudi arabia, president zelensky made a surprise visit, urging those attending, to support ukraine. he told the gathering injeddah that, on this, the asoth day of the war, the world needed to fight the virus of aggression from moscow stressing kyiv would not give up any sovereign territory to achieve peace. also making the headlines at that summit is president assad of syria the first time he s been invited to the arab league since the devastating
we start here in the uk, where more shops are limiting the sale of some fruit and vegetables because of a shortage of fresh produce. the uk s biggest supermarket chain tesco is the latest to bring in rationing, a cap of three items per customer on tomatoes, peppers and cucumbers. it follows similar moves by rivals asda, aldi and morrison s. extreme weather has affected harvests in spain and north africa. but some are also pointing to specific problems within the uk s food industry, as emma simpson reports. if you ve been to the supermarket, chances are you ll have seen this. a shortage of tomatoes, cucumbers and some other fresh vegetables and now britain s biggest retailer has joined in with placing a limit on how much shoppers can buy. here is the problem. at this time of year we rely on imports from overseas. we get a lot of tomatoes here from morocco but it is a whiteout with harvest disrupted. extreme weather is playing havoc food production. this huge business is in the