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World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain...
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Morocco to replace Kenya as CHAN hosts.

Morocco will replace Kenya as hosts of the 2018 African Nations Championship (CHAN), organisers announced Sunday.
The emergency committee of the African Football Confederation (CAF) met Saturday in Lagos and unanimously decided to give Morocco the green light ahead of Equatorial Guinea. A third candidate, Ethiopia, was not considered because it did not provide a letter of guarantee from its government.
Original hosts Kenya fell behind with five-venue preparations for the biennial 16-team tournament, which runs from January 12-February 4, leading them to be stripped of the hosting rights last month.
Morocco have not hosted a senior CAF competition since the 1988 Africa Cup of Nations.
They were scheduled to stage the same event in 2015, but withdrew fearing visiting supporters could bring the deadly Ebola virus into the north African kingdom.
Equatorial Guinea successfully replaced Morocco at short notice, having co-hosted the Cup of Nations with Gabon three years earlier.
CHAN is restricted to home-based footballers, giving them international exposure otherwise largely denied because most African national squads are packed with professionals playing in Europe.

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