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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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Russia strikes kill 120 IS fighters, over 60 ‘foreign mercenaries’ in Syria: Moscow.

Some 120 Islamic State fighters and 60 foreign mercenaries were killed in a series of Russian air strikes in Syria over the past 24 hours, the defence ministry in Moscow said on Saturday.

“A command post of the terrorists and up to 80 (IS) fighters including nine natives of the Northern Caucasus were destroyed in the area of Mayadeen,” the ministry said, adding some 40 IS fighters were killed around the town of Albu Kamal.
As a result of an air strike more than 60 foreign mercenaries from the former Soviet Union, Tunisia, and Egypt were killed south of Deir Ezzor.
The ministry said the “large numbers of foreign mercenaries” were coming into the Syrian border town of Albu Kamal from Iraq.
Mayadeen is one of the Islamic State group’s last bastions in Syria.
The advances against IS in Deir Ezzor have cost a heavy civilian death toll from Russian and coalition air raids.
The Britain-based Syrian Observatory for Human Rights said Russian air strikes on Thursday night killed 14 people, including three children, fleeing across the Euphrates on rafts near Mayadeen.
Russia has not acknowledged any civilian deaths from its strikes since it intervened in Syria in 2015, and dismisses the Observatory’s reporting as biased.
Moscow has been carrying out air strikes in support of its ally Damascus targeting both IS in Deir Ezzor province and rival jihadists led by Al-Qaeda’s former Syria affiliate in Idlib province in the northwest.

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World markets dive as Trump sparks trade, North Korea worries

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