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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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Deadly church shoot-out after five South African police killed.

Seven suspects accused of killing five South African policemen were shot dead by officers late on Friday in a bloody gunfight outside a church, according to investigators.
The shoot-out erupted when police hunted down the armed gang that is alleged to have stormed a police station in Eastern Cape province and killed five officers and a retired soldier on Wednesday.
“The group which uses a church as a hiding place was cornered inside the church premises,” the Hawks police investigative unit said in a statement.
“A gun battle between suspects and police ensued which left seven suspects dead and a task force member injured in the legs.”
It added that 10 other suspects were arrested, while some escaped the scene near Ngcobo, the town where the policemen were killed.
Local media said the shoot-out had occurred outside the Mancoba Seven Angel’s Ministries church in Nyanga village.
The gang had stolen weapons from the police station.
Attacks on police are common in South Africa, but the killing of five officers provoked national outrage.
“In the past, people would just accept it and move on but this time they are saying no,” President Cyril Ramaphosa, who took office last week, said.
“We want answers and we want arrests. When there is a disaster like this it should be attended to with maximum speed.”
At least 57 South African police officers were killed in the line of duty between April 2016 and March 2017, according to the latest crime statistics.

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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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