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...

Urbi et Orbi: Pope calls for peace for Jerusalem.

Pope Francis has used his traditional Christmas Day message to call for "peace for Jerusalem" and dialogue between Israelis and Palestinians.
Acknowledging "growing tensions" between them, he urged a "negotiated solution... that would allow the peaceful co-existence of two states".
US President Donald Trump recently announced that America recognised Jerusalem as the capital of Israel.
The controversial move drew international condemnation.



Media captionWhy the city of Jerusalem matters

Last week, UN members decisively backed a non-binding resolution that said any decisions regarding the status of Jerusalem were "null and void" and must be cancelled.
Palestinians want East Jerusalem as their future capital, and all countries currently keep their embassies in Tel Aviv.
The Roman Catholic leader gave his Urbi et Orbi speech, which in Latin means "To the city and world", in Saint Peter's Square.
"On this festive day let us ask the lord for peace for Jerusalem and for all the Holy Land," he told the crowd.
"Let us pray that the will to resume dialogue may prevail between the parties and that a negotiated solution can finally be reached, one that would allow the peaceful co-existence of two states within mutually agreed and internationally recognised borders."
The pontiff's speech touched on other pressing international issues, from the migration crisis to the conflicts in Syria and Iraq, from Venezuela to North Korea.

Is the US alone in recognising Jerusalem?

It joined the US and Israel, and Honduras, the Marshall Islands, Micronesia, Nauru, Palau and Togo, in voting against the UN resolution.
However, 128 countries backed the resolution while others abstained.

Why does the city matter so much?

Jerusalem is home to sites sacred to Judaism and Islam, and because of its role in the life of Jesus, the city is also one of the holiest places for Christians.
The city's status goes to the heart of the Israeli-Palestinian conflict.
Israel regards Jerusalem as its "eternal and undivided" capital, while the Palestinians claim East Jerusalem - occupied by Israel in the 1967 Middle East war - as the capital of a future Palestinian state.



Media captionIsraeli PM Netanyahu: 'I'll be your Christmas tour guide'

Israeli sovereignty over Jerusalem has never been recognised internationally and, according to the 1993 Israel-Palestinian peace accords, the final status of Jerusalem is meant to be discussed in the latter stages of peace talks.
Since 1967, Israel has built a dozen settlements, home to about 200,000 Jews, in East Jerusalem. These are considered illegal under international law, though Israel disputes this.

Map showing key holy sites in Jerusalem's Old City

Related Topics

Comments

Popular posts from this blog

How to Migrate from Bootstrap Version 3 to Advance Bootstrap 4.

This article would illustrate and expatiate on how to  migrate from Bootstrap 3 to Bootstrap 4 ? You’re in luck; today we’ll walk through the changes and new features between versions. The changes you need to make are generally just class renames and some set-up. To save you a lot of time scouring the changelog, I have compiled a list of the things you need to know when migrating from Bootstrap 3 to Bootstrap 4. We will start by discussing the changes made in Bootstrap 4 framework and how it will affect your website performance. Then we will examine the new way of  installing bootstrap and how the grid measurement unit  has change and how  flexbox can help on responsive designs . We will also discuss changes to some of the components and take a look what happens to JavaScript on the new version. Finally, we’ll take a look at some of the new components including cards, tooltips and flexbox. If you are getting ready to migrate a site from the old Bootst...

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...

Saturated Fats vs. Unsaturated Fats.

Saturated Fats vs. Unsaturated Fats Diffen  ›  Food  ›  Diet & Nutrition The human body needs both  saturated fats  and  unsaturated fats  to remain healthy. Most dietary recommendations suggest that, of the daily intake of fat, a higher proportion should be from unsaturated fats, as they are thought to promote  good cholesterol  and help prevent cardiovascular disease, whereas an overabundance of saturated fats is thought to promote bad cholesterol. However,  a few studies  have found that little evidence for a strong link between the consumption of saturated fat and cardiovascular disease. Note: It is technically more accurate to call saturated and unsaturated fats types of  fatty acids , as it is specifically the  fatty acid  found in a fat that is either saturated or unsaturated. However, referring to fatty acids as fats is common. Comparison chart Saturated Fats versus Unsaturated F...