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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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It may take Facebook years to fix problems related to private user data,says Zuckerberg.

It may take a few years in order for Facebook to solve the problems associated with third-parties using data from its users in unauthorised ways, Chief Executive Mark Zuckerberg said on Tuesday.
“I think we will dig through this hole, but it will take a few years.
“I wish I could solve all these issues in three months or six months, but I just think the reality is that solving some of these questions is just going to take a longer period of time,’’ Zuckerberg told newsmen.
Cambridge Analytica became embroiled in an international scandal after it emerged that the company had received the data of around 50 million Facebook users without their permission and through improper channels.
The company harvested the information to develop a mechanism that would predict and influence the behaviour of voters to boost U.S. President Donald Trump in the 2016 election.
Facebook announced recently it would shut down the Partner Categories, which allows third party data providers to offer their targeting directly on Facebook.
It also plans to introduce new privacy tools in the coming weeks to allow users to more easily manage and access their personal data.
In March 29, Zuckerberg apologised for the situation with the Cambridge Analytica and admitted that he should not have trusted the firm.
He has said there were several mistakes that led to the situation, adding that most of the actions needed to prevent this from happening again were already taken years ago.

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