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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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Africa still in shock at Trump’s vulgar comments on Africa, says Mahamat.

Chairperson Moussa Mahamat said on Thursday African leaders and citizens are still in shock at vulgar comments about the continent attributed to U.S. President Donald Trump.
Mahamat was speaking during the opening session of the 32nd Ordinary Session of the Executive Council of the AU in Addis Ababa, Ethiopia.
“At the time of the convening of the meeting Africa has not yet finished digesting the statements and pronouncements made by U.S. President which has deeply shocked through the messages of despise and hatred and the desire to marginalise and exclude Africa,” said Mahamat.
He also said Africa won’t keep quiet in the face of hateful comments.
Trump reportedly used the word “shithole” to describe African countries, Haiti and El Salvador while discussing immigration issues with U.S. lawmakers earlier this month.
Trump’s alleged remarks have caused outrage across the world with officials in African, European, Latin American countries and UN expressing condemnation and summoning U.S. diplomats in protest.
The AU Executive Council meeting will last two days and bring together foreign ministers of the 55 African Union Member States and senior AU officials.
The Executive Council will consider draft decisions and declarations of the session with recommendations for consideration by the Assembly of the AU Heads of State and Government, scheduled to take place between Thursday and Friday.

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World markets dive as Trump sparks trade, North Korea worries

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