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...
More than 200 people have been arrested and dozens hurt during clashes in several parts of Tunisia, the interior ministry said Wednesday, after a second night of unrest driven by anger over austerity measures.
The North African country has been hailed for its relatively smooth democratic transition since its 2011 uprising, but seven years after the revolution tensions over economic grievances are high.
Tunisia has seen rising anger over hikes in value-added tax and social contributions after a tough new budget was applied at the start of the year.
Interior ministry spokesman Khalifa Chibani told local radio that 49 police officers were wounded during clashes across the country and that 206 “troublemakers” were arrested overnight.
Properties were damaged, he said, including a branch of the Carrefour supermarket chain in the suburbs of Tunis that was looted.
A witness said youths threw stones at shop windows on Tuesday evening, taking advantage of the chaos to steal goods including electrical appliances. The police intervened, firing tear gas.
Stones, teargas
Police and army forces were deployed in several cities during the night, including in Tebourba 30 kilometres (20 miles) west of the capital Tunis, where hundreds of young people took to the streets after the funeral of a man in his 40s who died in unrest on Monday night.
Police and army forces were deployed in several cities during the night, including in Tebourba 30 kilometres (20 miles) west of the capital Tunis, where hundreds of young people took to the streets after the funeral of a man in his 40s who died in unrest on Monday night.
Police have insisted they did not kill the man. The results of an autopsy have not been made public.
Unrest was also reported in the working-class neighbourhoods of Djebel Lahmer and Zahrouni on the outskirts of Tunis, the central cities of Gafsa and Kasserine, and the northern town of Jedaida.
But AFP correspondents said calm had returned to these areas on Wednesday morning.
In the central town of Sidi Bouzid, the cradle of the protests that sparked the 2011 Arab Spring uprisings, youths blocked roads and hurled stones, causing the police to retaliate with tear gas, an AFP reporter said.
A representative of Tunisia’s Jewish community said two Molotov cocktails were thrown at the entrance to two Talmudic schools on the Mediterranean island of Djerba, but their interiors were not damaged.
Friday protest
The recent unrest started with peaceful protests against the austerity measures last week, but escalated into clashes with police in the night of Monday to Tuesday.
The recent unrest started with peaceful protests against the austerity measures last week, but escalated into clashes with police in the night of Monday to Tuesday.
Activists have called for a massive demonstration on Friday against the austerity measures, which are expected to increase the cost of living.
They have called for the revision of the 2018 Finance Act behind the VAT and social contribution hikes, as well as better welfare for struggling families.
The powerful UGTT trade union said young unemployed Tunisians had legitimate demands but condemned the “violence and looting”, calling for peaceful protests.
Tunisia’s economy has struggled since the 2011 revolution, which was fuelled by unemployment and graft.
Protests are common in the North African state in the month of January, when Tunisians mark the anniversary of the 2011 revolt that unseated dictator Zine El Abidine Ben Ali.
January 2016 saw the biggest wave of public discontent since the uprising as the death of an unemployed protester in Kasserine sparked days of unrest.
In December, unemployed protesters and activists marched through the streets of Sidi Bouzid, angry over the lack of jobs and opportunities that continue to plague residents.
The revolution in Tunisia began in the town in December 2010 after street vendor Mohamed Bouazizi set himself on fire and later died in a protest over unemployment and police harassment that spiralled into Ben Ali’s overthrow.
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