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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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Israel PM faces new questions in graft probe.



Fraud squad detectives questioned Israeli Prime Minister Benjamin Netanyahu at his Jerusalem residence on Friday, the seventh time in a nearly year-long corruption probe, police said.
“Police questioned the PM today for a number of hours as part of an ongoing investigation,” a brief police statement said.
Public radio said an investigation into suspicions Netanyahu received luxury gifts from wealthy supporters, including Israeli businessman and Hollywood producer Arnon Milchan and Australian tycoon James Packer, was nearing completion.
“This is likely to be his last interrogation” on the gifts case, it said.
“After that the police intend to wrap up the case within a short time.”
The Maariv newspaper reported that detectives believed they had sufficient evidence to pass the file to the state prosecutor.
“The police are still deliberating whether to attribute to Netanyahu the offence of bribe-taking or receiving benefits,” Maariv said.
The prime minister was first questioned on January 2.
Investigations are expected to continue in a second case in which police suspect that Netanyahu sought a secret pact for favourable coverage with the publisher of the top-selling Yediot Aharonot newspaper.
The alleged scheme, not believed to have been finalised, would have seen Netanyahu receive favourable coverage in return for helping curb Yediot’s competitor, the pro-Netanyahu freesheet Israel Hayom.
Netanyahu has consistently denied any wrongdoing, and says he has been the target of a smear campaign by political opponents.

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