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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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Uganda name Frenchman Desabre as new coach.

Uganda appointed Frenchman Sebastian Desabre on Thursday as their new coach on a two-year deal to replace Milutin Sredojevic who resigned in July.
The 41-year-old Desabre, who has been coaching Egyptian league club Ismailia, was one of four names on a shortlist released by the Uganda Football Federation (FUFA) early this month to take over the vacant post.
The other candidates in the list formulated by a selection panel headed by Zambian football legend Kalusha Bwalya were Moses Basena, who has been serving as the team’s interim coach, Belgian Emilio Ferrera and Johnny McKinstry from Northern Ireland.
 
Desabre, who has vast knowledge in African club football, but has never coached a national team, is due to start his new role when he leads Uganda to the fifth African Nations Championships (CHAN) finals starting in Morocco on January 12.
Uganda are drawn in Pool B alongside Zambia, Ivory Coast and Namibia.

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