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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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1,000 South African Gold Miners Stuck Underground .

Over 1,000 miners were stuck underground at Beatrix gold mine in South Africa after a storm knocked out power, but authorities say they were not in danger.
Spokesman James Wellsted said the miners were safe and receiving food and water while power was being restored to the mine but there was not yet enough to bring the miners to the surface.

The National Union of Mineworkers said 65 mineworkers had been rescued but more than 1,000 remained underground.

“There is no electricity there, so they are using a generator to power the cage to take workers to the surface. The problem is they are rescuing one mineworker at a time. It is very slow. It is worrying. Some of our members have chronic conditions and they don’t have medication down there” NUM spokesman Livhuwani Mammburu told Reuters.

Source:
http://www.pressnewsng.com.ng/2018/02/over-1000-gold-miners-stuck-underground.html?m=1
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World markets dive as Trump sparks trade, North Korea worries

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