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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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Pope Francis urges peace and understanding for migrants.

Pope Francis on Monday used his New Year homily to urge peace and understanding for migrants and refugees.
“Let us not extinguish hope in their hearts or smother their expectations of peace,” the leader of the world’s estimated 1.2 billion Catholics said, marking the Church’s World Day of Peace before millions of worshippers braving a rainswept Saint Peter’s Square in the Vatican.
Taking up the theme of the ongoing migrant crisis, the pontiff said they were “ready to risk their lives in their search for a peaceful future “which is a right for everyone” and which everyone should strive to ensure for all.

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