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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...

Mugabe will play elder statesman role in Zimbabwe, says mediator.

Robert Mugabe will continue to have a role to play in Zimbabwean politics, the Jesuit priest who helped negotiate his resignation has told the BBC.
Father Fidelis Mukonori said he would provide "advice" as an elder statesman, including to the new president.
Mr Mugabe, 93, resigned on Tuesday after a military intervention and days of mass protests.
Mr Mukonori said he could not confirm reports that the ex-leader was granted $10m (£7.5m) to ease him out of office.
Emmerson Mnangagwa was sworn in to replace Mr Mugabe as president on Friday.
Mr Mnangagwa, long a close ally of Mr Mugabe, was sacked earlier this month, triggering the political crisis that eventually saw his boss's downfall.
Father Mukonori, 70, who is close to Robert Mugabe and acted as a mediator between him and the military, said the new president would go to his predecessor for political counsel.
"In the African world, senior citizens are there for advice," he told the BBC's Richard Galpin at a church outside the capital, Harare, after leading a service that included prayers giving thanks for the peaceful transfer of power.
He referred to what Mr Mnangagwa said about his predecessor at his inauguration.
"When he says 'he's my father, he's my leader, he's my mentor', you tell me he's going to stay off from his father, from his mentor, from his leader? I don't think so."
The priest said that Mr Mugabe and his wife Grace remained at their house in Harare and had no plans to leave the country.
The military takeover came in response to Mr Mugabe's decision to position Grace as his successor and sack Mr Mnangagwa from the vice-presidency.
"We didn't offer him anything... He resigned for the good of Zimbabwe," he said.
He added: "What I have read in the newspapers is about immunity [from prosecution], and that he will be looked after like any other former head of state."
Mr Mugabe leaving power, he added, was the best thing he had ever done.



Media captionPresident Mnangagwa called Robert Mugabe "a father, mentor, comrade-in-arms and my leader"

Separately on Sunday, Robert Mugabe was described as being "quite jovial" by a nephew in an interview with the French news agency AFP.
"He is actually looking forward to his new life - farming and staying at the rural home. He has taken it well," Leo Mugabe said.
He said that Grace wanted to focus on already announced plans to build the controversial $1bn Robert Mugabe University in Mazowe, near Harare.
There are fears that President Mnangagwa, who is associated with some of worst atrocities committed under the ruling Zanu-PF party since independence in 1980, will not usher in the democratic reforms that many in Zimbabwe are hoping for.
But Father Mukonori said he believed the former spymaster knows that democracy is "crucial".

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