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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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RTEAN urges FG to hands off control of fuel distribution.



Road Transport Employers Association of Nigeria (RTEAN), has urged the Federal Government to stop controlling the distribution of fuel and endeavour to end scarcity in the country.
Alhaji Musa Isiwele, the National President of RTEAN told newsmen on Sunday in Abuja that the situation of fuel in the country had made it impossible to control transport fare.
“There is no way the unions can control transport fare until petrol is available; for now there is no regulation on transport charges until fuel supply normalises.
“I call on Federal Government to hands off fuel business; If government says today that I have no hand in fuel, you will see availability of fuel and the price will come down,” he said.
The RTEAN boss said the association was set to create about 4.5 million jobs through its nationwide mass transport scheme.
“Let me tell you, I don’t want to reveal our plans, Nigerians will know our plans on the day of unveiling. You should also know such jobs have to do with government partnership and this will happen in no distance time.
“April or May this year, we will let the cat out of our bag.
“We are running a nationwide mass transit scheme in which most of the vehicles will be dedicated to the unemployed, disabled and the less privileged in order to support the Federal Government for the benefit of the good people of Nigeria.
“This will help in reducing the hardship in the movement of commuters and boost the economy of Nigeria’s transport system,” Isiwele said.
He said the union also planned to establish modern Motor Parks in 36 states of the country including FCT.

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