Skip to main content

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...
6 comments

Ivorian ex-minister convicted over attack that killed 18.

A former Ivorian minister was sentenced to 20 years in prison on Tuesday for complicity in a 2012 attack in western Ivory Coast that killed 18 people, including seven UN peacekeepers.
Hubert Oulaye, 64, ex-public works minister under former president Laurent Gbagbo, “provided the financial means to establish a rebellion in the west” of the country, the attorney general said.
 
“The accomplice is sometimes more dangerous than the perpetrator,” she added.
Oulaye dismissed the verdict as a “political conviction” and returned home while his lawyers vowed to appeal the decision.
The attack happened as Ivory Coast was reeling from violence caused when Gbagbo refused to step down after losing presidential polls to current leader Alassane Ouattara.
Gbagbo is currently on trial at the International Criminal Court in The Hague for alleged crimes against humanity committed during the crisis, in which 3,000 people were killed.
Oulaye’s lawyer Rodrigue Dadje called the verdict “a political decision” and warned it would create a dangerous and vindictive precedent.
“We are going to be in an unending cycle of vengeance. We need justice that is equitable and transparent, not one that hand down 20 year sentences without any proof,” he said.
Oulaye was arrested six months after his return from exile in Ghana, and several days after participating in a meeting of the “rebels” of Gbagbo’s party, the Ivorian Popular Front (FPI).
The “rebels” consider themselves the guardians of the Gbagbo legacy and boycott all polls.

Comments

Post a Comment

Popular posts from this blog

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...
6 comments
Read more

APDA, PDP, commend INEC for “timely” release of 2019 elections’ timetable.

The Advanced Peoples Democratic Alliance (APDA) and the Peoples Democratic Party have commended the Independent National Electoral Commission (INEC) “for early release of timetable and schedule of activities for the 2019 general elections.” The political parties gave the commendation in an interview with the News Agency of Nigeria (NAN) in Abuja on Wednesday. The APDA National Publicity Secretary, Mr Tosin Adeyanju, described the timetable and schedule of activities as a welcome development for political parties. Adeyanju said that the early release of the timetable would enable political parties to have enough time to prepare for the elections. He added that it had also cleared all rumours and speculations, especially date of primaries and other pre-election activities for political parties. He noted that “we in APDA believe that the timetable would afford political parties the opportunity and enough time to adequately prepare and plan for the elections. “This ...
7 comments
Read more

Hoodlums vandalise APC secretariat in Rivers, one person dies.

One person died in Port- Harcourt on Friday as unidentified persons, suspected to be political thugs vandalised the Secretariat of the All Progressives Congress (APC) located at the Old Government Residential Area in Port Harcourt, Rivers. The Rivers Command of the Nigerian Police quickly intervened by deploying tear-gas to stop further destruction of the party’s secretariat. Gun shots were fired into the air to scare riotous members and in the process one death was recorded. The News Agency of Nigeria (NAN) reports that APC members aspiring for various positions at the Ward levels had come to the party secretariat to pick their forms before the incident. A Ward Chairmanship aspirant told NAN that he was unable to pick the form after paying the required amount through the bank. He said that trouble occurred after a long wait by the aspirants. Read More:  Ward congress: Lagos CP reads riot act to APC members “As you can see, most of us that are vying f...
Post a Comment
Read more