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...
Israeli Prime Minister Benjamin Netanyahu warned Tehran on Saturday over aggressions by what he called Iran and its “proxies” in Syria, while showing what he claimed was a piece of an Iranian drone shot down in Israeli airspace.
Saying he had “a message to the tyrants of Tehran” during a speech at the Munich Security Conference, he warned: “Do not test Israel’s resolve.”
He brandished a rectangular piece of dark green metal which he called “a piece of that Iranian drone, or what’s left of it, after we shot it down.”
Israel has said it shot down the drone on February 10 after it entered the country from Syria, and responded with a raid on what it said was the Iranian control systems for the craft in Syria.
During the strikes, one of Israel’s F-16 fighter jets was shot down, believed to be the first loss of an Israeli plane in combat since 1982.
Israel’s response marked the first time it publicly acknowledged hitting Iranian targets in Syria since the 2011 start of the civil war there.
Calling Iran’s Foreign Minister Mohammad Javad Zarif the “smooth-talking mouthpiece of Iran’s regime,” Netanyahu said: “Mr. Zarif, do you recognise this? You should, it’s yours.”
Again referring to Zarif, who is expected to speak later in Munich, the Israeli leader said: “No doubt Mr Zarif will brazenly deny Iran’s involvement in Syria.””He lies with eloquence.”
The Israeli military has claimed the drone was a copy of a US model captured by Iran in 2011, based on an analysis of the drone’s debris.
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