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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...

Anglican Bishop advises Buhari against running for second term.


President Muhammadu Buhari during campaign. AFP PHOTO / PIUS UTOMI EKPEI
The Anglican Bishop of Diocese of Egbu, Owerri North, Imo State, Geoffrey Enyinnaya Okorafor, yesterday advised President Muhammadu Buhari to read the handwriting on the wall, ignore political sycophants and leave office on May 29, 2019.
This is coming after analysing the economic, political and social condition of the country, for which the cleric also criticised the Buhari administration for not paying adequate attention to public opinion, especially on the corruption fight.
Okorafor, who advised Buhari in his 82-page address tagged: Presidential Address and Charge delivered during the first session of the eight synod of the church at the Cathedral Church of all Saints Egbu, in Owerri North Local Council of Imo State, also advised Governor Rochas Okorocha of Imo State to assess himself.
Let Okorocha assess himself on how the Imo people are faring under second term programmes, policies, actions and inactions, and charged that retirees should be paid their full pensions and entitlements without further tricks.
He argued that there are many perceptions held by the people on his government’s policies and style. He further advised Buhari to resist calls and suggestions for him to run for second term in 2019.
“My dear President, if you have ears hear this, these are your worst enemies and sycophants of the highest order. Do not listen to them.
“If I were you, Mr. President, I would pack all my bags and baggages from Aso Rock, if by God’s grace I pull through the hazards of governing this difficult and complex entity called Nigeria.
“To my mind, you have achieved your life ambition as military Head of State and a civilian President.”
Okoroafor spoke at the event attended by the immediate past Chief Judge of Imo State, Benjamin Njemanze, a former representative of Ezinihitte Mbaise constituency in the Imo House of Assembly, Oliver Enwerenem and some government and top religious officials.
On the fight against corruption, Okorafor said: “Last year, we urged the President to do a house cleansing, beginning with his own house and office before engaging in the fight against corruption, but it fell on deaf ears. That was expected because we have a government that has no regard for the opinion of the ordinary citizens.
“May we ask, what has happened to the looted funds that have been purportedly recovered? When will Nigerians be given the account? Are we sure they are not passing from one corrupt hand to another? We need an answer,” he added.
The cleric, wondered why the herdsmen are still going about freely armed with rifles, whereas the Indigenous People of Biafra (IPOB), whose members held unarmed rallies, were declared a terrorist group and proscribed.

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