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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...

Four suicide bombers kill 18 in Maiduguri.

Twelve people were killed Wednesday evening after four suicide bombers struck in the regional capital of Maiduguri in northeast Nigeria, rescue workers told AFP.
Two men and two women blew themselves up in the Muna neighbourhood at around 1700 GMT, the chief security officer of Borno State’s emergency response agency, Bello Dambatta, said.
“The total people who died in these four suicide bombings is 14, 18 including the bombers,” he told AFP. “Twenty-two people were taken to the Borno State Specialist Hospital for treatment to various injuries.”
The first suicide bomber blew himself up among people conducting an evening prayer, killing seven, Dambatta said.
A suicide bomber then entered a house before setting off explosives, killing a pregnant woman and her child.
The other two suicide bombers blew themselves up before reaching their targets, he added.
The Islamist extremists of Boko Haram have carried out a eight-year campaign of violence in Nigeria’s northeast.
The jihadist group does not always claim responsibility for attacks, but the method used in Wednesday’s attack — multiple suicide bombings — is a common tactic.
After growing in strength, the group, led by Abubakar Shekau, took control of a large area of northeastern Nigeria in 2014 and declared a caliphate.
At least 20,000 people have been killed and more than 2.6 million people made homeless in northeast Nigeria since the group launched its insurgency.
In recent years the group has suffered a series of defeats and the Nigerian authorities have repeatedly stated it was about to be defeated, but attacks on villages and military convoys as well as suicide attacks against civilians continue.
On Friday, at least three Nigerian soldiers and a militiaman were killed and ten other soldiers wounded in an ambush by Boko Haram on the edge of Sambisa Forest, one of its strongholds in the northeast.

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