BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
Houthis Escalate Saudi Attacks as Red Sea Oil Risks Grow 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
Asian Stocks Steady as AI Shares Rebound Ahead of Fed Decision 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Finland Raises 2026 Growth Forecast as Exports and Investment Surge 
UK Wage Growth Slows as BoE Rate Decision Looms 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
Add as a preferred source on Google
The Botswana government refused to guarantee a renewal of a 10-year sales agreement with diamond firm De Beers within the year due to delayed negotiation brought about by the coronavirus pandemic.
According to Secretary Mmetla Masire of Botswana's Ministry of Mineral, the talks ideally should end by December but there are no guarantees that will happen due to travel restrictions.
The deal is vital for the Debswana Mining Company, jointly held by De Beers and the Botswana government, in providing the country with around two-thirds of its foreign exchange and a fifth of its GDP.
De Beers sources 70 percent of its diamonds in Botswana, generating 90 percent of its sales.
A new deal would give De Beers another 10 years of clarity on the terms of its revenue stream.
Diamond mining has transformed Botswana from being primarily an agri-based economy to one of Africa’s richest countries.
President Mokgweetsi Masisi is boosting its fledgling diamond polishing and cutting industry to create jobs.
