Companies are required to sell a 24% stake in new concessions to local investors if the government chooses not to buy. Botswana, the world's top diamond producer by value is keen to increase local ownership of its mineral wealth and to promote local value addition.

Gaborone

Botswana has implemented a new regulation under the Mines and Minerals Act, changing the previous requirement that allowed the state to buy a 15 percent share in any mining concession. Now, companies must offer a 24 percent stake in new concessions to local investors if the government chooses not to purchase it. The rule, which took effect at the start of October, is part of the country's efforts to increase local ownership and value addition in the mining sector.

The change comes as Botswana faces financial challenges due to a significant drop in diamond revenues, attributed to weak global demand and competition from synthetic stones. In 2024, the country's mining revenues fell by 50 percent, prompting the government to seek greater local involvement in the industry.

Botswana: New rule to promote local ownership of mines

The rule is a change to the Mines and Minerals Act, which previously gave the state the right to buy a 15 percent shareholding in any mining concession. Now companies are required to sell a 24 percent stake in new concessions to local investors if the government chooses not to buy. The Mines and Energy Ministry said the rule had taken effect on October 1. Botswana, the world's top diamond producer by value, is keen to increase local ownership of its mineral wealth and to promote local value addition. With earnings from diamond sales hurt by weak demand and synthetic stones, the southern African country has struggled to finance its budget. Revenues fell 50 percent in 2024.

U.S. President Donald Trump blamed Democrats for his decision to lay off thousands of workers across the U.S. government as he followed through on his threat to cut the federal workforce during the government shutdown.

Washington

Trump lays off thousands of U.S. government workers amid shutdown

Thousands gathered in Tel Aviv as 48 of the last remaining hostages are expected home after two years of the Israel-Hamas war. The crowd cheered Donald Trump as the peace deal's broker but there were jeers for Israeli Prime Minister Benjamin Netanyahu.

Tel Aviv-Yafo

Middle East Conflict

Tel Aviv braces for hostage release planned for Monday

Diane Keaton, the Oscar-winning star of Annie Hall and The Godfather films, died Saturday at the age of 79, according to U.S. media reports. Entertainment journalist Johanna Schneller remembers Keaton as 'feisty and funny'.

Hollywood

Oscar winner Diane Keaton dead at 79

Former President Biden is now receiving radiation and hormone therapy to treat his prostate cancer, an aide said. The cancer is considered aggressive.

Biden receiving radiation, hormone therapy to treat aggressive cancer

It is unclear how many people were inside the Tennessee plant that exploded on Friday, but at least 16 people were reported on Saturday. Sheriff Chris Davis announced that there are no survivors. Nicole Valdes reports.

Tennessee

No survivors in Tennessee plant explosion, sheriff says

Thousands of pro-Palestinian protesters in London marked two years since the War in Gaza. However, the British government has seen enough. Haley Ott reports that police have been given sweeping powers to curb repeated demonstrations.

London

British Parliament designates Palestine Action a terrorist organization

Middle East Envoy Steve Witkoff has addressed hundreds of thousands of Israelis in what's known as “Hostages Square” in Tel Aviv. Witkoff hailed President Donald Trump for securing the ceasefire. The crowd was less receptive to his praise for Benjamin Netanyahu.

U.S. envoy booed for praising Netanyahu at Tel Aviv rally

A ceasefire is in effect between Hamas and Israel after just over two years of war. An exchange of Israeli hostages and Palestinians held prisoner is set to take place in the coming days, and U.S President Donald Trump is set to visit the region on Monday.

Trump set to visit Middle East as peace plan take effect

The families of hostages taken by Hamas on Oct. 7, 2023 are eagerly awaiting the return of their loved ones. The peace deal between Israel and Hamas would see the hostages returned within 72 hours of its implementation Friday.

Families of hostages in Gaza await their release

Ukrainian President Volodymyr Zelenskyy says he's had phone calls with Prime Minister Mark Carney and U.S. President Donald Trump about defence and energy infrastructure. Russian strikes have led to widespread blackouts in Ukraine.

Kyiv

Ukraine Invasion

Trump holds call with Zelenskyy after Russian strikes

Gaza City lies in devastation — returning Palestinians find their homes reduced to rubble and familiar streets erased. It comes after a U.S-brokered peace deal came into effect.

Sderot

Gaza City in ruins as Palestinians return to find only rubble

About 200 U.S. troops have begun arriving in Israel to set up a coordination center aimed at facilitating the flow of humanitarian aid, as well as logistical and security assistance into Gaza. They are not expected to enter the territory.

Jerusalem

U.S. troops arriving in Israel to oversee Gaza ceasefire

North Korea has displayed one of its latest intercontinental ballistic missiles at a military parade in the capital, Pyongyang. Leader Kim Jong Un and senior officials from China, Russia and Vietnam were in attendance.

Pyongyang

North Korean weapons on display at Pyongyang parade

President Donald Trump says the U.S. will reimpose 100% tariffs on Chinese imports after Beijing curbed exports of rare-earth minerals, ending months of trade calm.

Global Tariffs

Trump revives U.S.-China trade war with new tariffs

Venezuelan opposition leader María Corina Machado was awarded the Nobel Peace Prize on Friday for keeping "the flame of democracy burning amid growing darkness." Machado opened up to CBS News about her decades of fighting for fair elections in an exclusive interview while in hiding.

Caracas

María Corina Machado wins Nobel Peace Prize

Eighteen people remain unaccounted for after a devastating blast rocked a military explosives plant in Tennessee. Residents miles away reported feeling the force of the explosion.

McEwen

Eighteen missing after blast at Tennessee military explosives plant

U.S. President Donald Trump will travel to the Middle East on Sunday to mark the first phase of his Gaza peace plan. Israel said a ceasefire took effect Friday and its military has begun to withdraw forces from parts of Gaza.

Trump prepares Middle East trip after Gaza peace plan agreement

Layoffs of federal workers begin as the government shutdown enters Day 10, OMB Director Russ Vought says. Some federal employees received notices Friday telling them they will be laid off in 60 days, CBS News has confirmed. Nancy Cordes has more.

Federal workers start receiving layoff notices amid shutdown

French President Emmanuel Macron on Friday named Sebastien Lecornu as prime minister, reappointing him after he quit the job earlier this week.

Paris

Macron reappoints Lecornu as French PM days after he quit the job

A federal judge has temporarily blocked the deployment of National Guard troops anywhere in the state of Illinois. CBS News' Ian Lee reports.

Chicago

Judge temporarily blocks National Guard deployment to Illinois

The Israeli military has begun withdrawing troops following a ceasefire agreement with Hamas. The deal, brokered by the U.S. and Egypt, includes releasing hostages and a plan for Gaza's future governance.

Gaza ceasefire agreement has come into effect, Israeli military says

Venezuelan political opposition leader Maria Corina Machado has been awarded the 2025 Nobel Peace Prize. CBS News' Ramy Inocencio reports.

Stockholm

U.S. President Donald Trump will travel to Egypt and Israel this weekend to attend the signing of the Gaza peace agreement, address Israel's parliament and witness the release of hostages.

Trump to visit Middle East for Gaza peace deal signing

New York Attorney General Letitia James was indicted on one count of bank fraud and one count of giving false statements. She called the charges baseless and politically motivated, accusing President Donald Trump of using the Justice Department for revenge.

New York

NY Attorney General Letitia James indicted on federal fraud charges

China dramatically expanded its rare earths export controls on Thursday (October 9), adding five new elements and extra scrutiny for semiconductor users as Beijing tightens control over the sector ahead of talks between Presidents Donald Trump and Xi Jinping.

Beijing

China tightens rare earth export controls ahead of U.S. talks

A French court on Thursday (October 9) rejected the appeal of a former construction worker found guilty last year of the aggravated rape of Gisele Pelicot, and increased his prison sentence by a year to 10 years, his lawyer said

Sentence increased for man convicted of raping Gisele Pelicot

At least two people have died in a powerful 7.4 earthquake that struck the south east coast of the Philippines on Friday (October 10). Authorities had initially issued evacuation warnings following tsunami threats; however, these have now been lifted.

Davao Oriental

Philippines hit by 7.4 magnitude earthquake, at least two dead

Peru’s Congress has voted to impeach President Dina Boluarte on grounds of moral incapacity, plunging the country into fresh political turmoil after months of unrest.

Quito

Peru's President Dina Boluarte impeached

Israeli Prime Minister Benjamin Netanyahu announced that his government has approved a plan to release all remaining hostages in Gaza. The move is part of President Trump’s peace plan and could bring an end to the two-year conflict in the region.

Israeli government approves framework to release hostages

New York Attorney General Letitia James has been indicted by a grand jury in Alexandria, Virginia. She faces two separate charges, one count of bank fraud and one count of false statements to a financial institution.

Breakdown