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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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Philippines mall fire: At least 37 feared dead in Davao.

At least 37 people are feared to have died in a fire that tore through a shopping mall in the southern Philippine city of Davao, local officials say.
Firefighters battled for hours to extinguish the blaze that started on the third floor and spread to the floor above, trapping call centre employees.
Their chances of survival were "zero", Davao's Vice-Mayor Paolo Duterte said.
President Rodrigo Duterte, the vice-mayor's father, visited the scene.
President Duterte, a Davao native, met families of the missing outside the burning NCCC mall.
The cause of the fire, which began on Saturday morning, is being investigated.
The mall's marketing manager, Janna Abdullah Mutalib, said the blaze started on the third floor, where clothes, appliances and furniture were sold, the Philippines Star website reports.
Davao lies about 800km (500 miles) south-east of the capital Manila.
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World markets dive as Trump sparks trade, North Korea worries

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