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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

New York suspect says IS inspired attack, killings ‘felt good’.


This handout photograph obtained courtesy of the St. Charles County Dept. of Corrections in the midwestern US state of Missouri on October 31, 2017 shows Sayfullo Habibullahevic Saipov, the suspectecd driver who killed eight people in New York on October 31, 2017, mowing down cyclists and pedestrians, before striking a school bus in what officials branded a “cowardly act of terror.” Eleven others were seriously injured in the broad daylight assault and first deadly terror-related attack in America’s financial and entertainment capital since the September 11, 2001 Al-Qaeda hijackings brought down the Twin Towers. In April of 2016 a warrant was issued in Missouri for his failure to pay a traffic citation./ AFP PHOTO / St. Charles Country Dept. of Corrections / Handout 
The Uzbek immigrant behind New York’s worst attack in 16 years confessed to acting in the name of the Islamic State group and “felt good” about the killings, having planned an assault for a year, investigators said Wednesday.
The shocking details emerged as federal prosecutors filed terrorism charges against Sayfullo Saipov, who subsequently appeared in court in a wheelchair — he had been shot in the abdomen by police — 24 hours after mowing down pedestrians and cyclists, and colliding with a school bus.
US President Donald Trump vowed an immediate crackdown on the visa program that he said allowed the 29-year-old to immigrate in 2010, saying he would “certainly consider” sending the suspect to the military detention center in Guantanamo Bay and later calling for his execution.
The attack killed eight people, five of them childhood friends from Argentina celebrating 30 years since their high school graduation, a 31-year-old Belgian mother, and two US men, from New York and neighboring New Jersey.
Of 12 wounded, four remained in critical condition following the deadliest attack in America’s financial capital since the Al-Qaeda hijackings on September 11, 2001.
Saipov first started planning an attack a year ago, before settling two months ago on using a truck to kill as many people as possible during Halloween celebrations, according to a federal terrorism complaint.
Prosecutors unveiled the charges, saying he had waived his rights and confessed to being inspired by IS propaganda, after yelling “Allahu akbar” (“God is greatest” in Arabic) upon exiting a rented pickup truck in Lower Manhattan on Tuesday.
“Saipov committed this attack in support of ISIS,” US acting Manhattan attorney Joon Kim announced, using an acronym to refer to the IS jihadist group.
Saipov appeared in a wheelchair before a US magistrate in Manhattan federal court, where the charges were formally read.
He was not required to enter a plea and was later sent to a federal detention facility, most likely in New York, a spokesman for the US Attorney’s office told AFP.
‘Hang him’
He was found in possession of multiple knives in a black bag, a Florida driving license and two cell phones that contained thousands of IS propaganda images and dozens of IS propaganda videos, Kim said.
The files depicted “among other things, ISIS fighters killing prisoners by running over them with a tank, beheading them, and shooting them in the face,” Kim added.
“Saipov requested to display ISIS’s flag in his hospital room and stated that he felt good about what he had done,” the charging document revealed.
The complaint listed two counts: provision of material support and resources to a designated foreign terrorist organization, and violence and destruction of motor vehicles. It was not immediately clear if he would face further charges.
Kim said the material support charge carries a maximum sentence of life imprisonment. Federal prosecutors could also potentially seek the death penalty.
In the largely-Muslim neighborhood where Saipov lived with his wife and children for little over a year in the New Jersey town of Paterson, residents seethed with anger Wednesday, furious he had besmirched their hard-working immigrant reputation.
“They should hang him!” snapped the manager of a launderette near his modest apartment. “If you come to the US, it’s to do something better, not something bad!” she spat, refusing to give her name out of fear.
A police officer shot Saipov after he exited the truck brandishing paintball and pellet guns.
Vehicle rammings have been a frequent tactic deployed by IS sympathizers in the West, including in Barcelona, London, Stockholm and in Nice, where a Tunisian suicide truck bomber killed 86 people on Bastille Day last year.
“He appears to have followed almost exactly to a ‘T’ the instructions that ISIS has put out in its social media channels before with instructions to their followers on how to carry out such an attack,” senior police officer John Miller said.
New York Governor Andrew Cuomo said Saipov had been radicalized after moving to the United States. He is not a US citizen but a legal permanent resident.
Trump urges death penalty
Trump said he was “starting the process of terminating” the popular green card lottery, which he said had enabled Saipov to enter the country.
“We have to do what’s right to protect our citizens,” the Republican president told reporters. “We will get rid of this lottery program as soon as possible.”
He also called for “punishment that’s far quicker and far greater than the punishment these animals are getting right now.”
But the White House was forced to walk back some of his comments, stressing that he was not taking executive action but looking to Congress to change decades-old laws.
The president stuck to his hardline rhetoric on Twitter, saying the attacker “SHOULD GET DEATH PENALTY!”
Trump has already slashed the country’s annual refugee intake by more than 50 percent, tightened visa issuance around the world and attempted to ban travelers from 11 countries, most of them with Muslim-majority populations, but not Uzbekistan.
Saipov lived in Florida before moving to Paterson, a former industrial hub about 20 miles (30 kilometers) northeast of New York.
Though it remains unclear whether Saipov acted alone, Cuomo has drastically stepped up security at airports, tunnels and Penn Station, which he called the busiest rail hub in the hemisphere.
Authorities announced they had found a second Uzbek they’d been seeking in their investigation — 32-year-old Mukhammadzoir Kadirov — but they provided no additional details.
In Manhattan, leaders vowed the annual marathon would go ahead as planned on Sunday. Police said the event, which attracts more than 50,000 runners and 2.5 million spectators, would be the most protected ever.
Uzbekistan, a majority Muslim country that borders Afghanistan and formerly part of the Soviet Union, is a landlocked country racked with poverty, corruption and a stifling authoritarian regime.
Saipov is the fourth Uzbek-linked man in less than a year blamed for deadly strikes overseas, following attacks in Istanbul, St Petersburg and Stockholm.

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