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...
Manchester United manager, Jose Mourinho has been asked by the English Football Association to provide his observations on comments he made ahead of last weekend’s derby against Manchester City. Mourinho has until 6 p.m. on December 18 to respond to the request, relating to comments made on December 8, two days before the match, which City won 2-1 at Old Trafford. An FA statement did not specify which particularly remarks were of interest, although Mourinho suggested in a news conference that City players are prone to going to the ground and to commit “tactical fouls.” In his pre-match press conference, Mourinho at first praised City’s talent, but then added: “If you ask me one thing that I don’t like a lot it’s that they lose their balance very easily. You know, a little bit of wind and they fall.” He later told multiple English newspapers that when City lose the ball, “many times they need what is called a tactical foul. Then it is up to the referee to analyse and make ...