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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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Ugandans charged for presidential protest pop song.

Two Ugandan musicians were released on bail on Wednesday after being charged with disturbing the peace of veteran President Yoweri Museveni for a song suggesting he should retire, their lawyer said.
Singer David Mugema and music producer John Muwanguzi were accused of having composed and disseminated via the internet a tune titled “Wumula”, meaning “retire”, their lawyer Abdallah Kiwanuka told AFP.
Prosecutors said the song “attacked and disturbed the peace” of Museveni, Kiwanuka said.
A bill to remove presidential age limits was introduced in parliament in September, seen as paving the way for 73-year-old Museveni — who has been in power since 1986 — to run for a sixth term in office in 2021.
 
The current constitution blocks candidates over 75.
Although the song does not mention Museveni by name, the music video mixes pictures of the president alongside deposed leaders including Saddam Hussein of Iraq and Zimbabwe’s Robert Mugabe.
“You must retire now,” the song lyrics said. “Those who refused to go peacefully, where are they?”
The music video shows police breaking up protests.
“The doctors are striking over poor pay, the government says there is no money,” the lyrics said. “But government never fails to get money to buy teargas.”
The two musicians were released after each paying a cash bail of two million Ugandan shillings ($550 dollars, 465 euros) and a bond of 10 million Uganda shillings ($2,750, 2,330 euros).

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