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...
The arraignment of alleged kidnap kingpin, Chukwudumeme Onwuamadike a.k.a Evans at an Igbosere High Court in Lagos Island on fresh charges, was on Monday temporarily stalled as his lawyer brought an application seeking to quash the charges slammed on him by the Lagos State Government. Evans was hauled up before Justice Oluwatoyin Taiwo over alleged attempt to kidnap the Chairman of the Young Shall Grow Motors, Mr Vincent Obianodo. Following the application, the judge fixed Evans’ arraignment for Oct. 27. Evans, who was arrested on June 10, was brought to court alongside other defendants. The News Agency of Nigeria (NAN) reports that in the first charge, Evans was docked with one Victor Aduba on a four-count charge bordering on conspiracy, kidnapping and unlawful possession of firearms. They were accused of conspiring and kidnapping one Sylvanus Hafia. In the second charge, Evans was docked with three other defendants — Joseph Emeka, Chiemeka Arinze, and Udeme...