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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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Spying on spouse’s phone in Saudi Arabia now carries $133, 000 fine.

Spying on your spouse’s phone in Saudi Arabia now carries a 133, 000 dollars fine and up to a year in prison, under a new law that aims to “protect morals of individuals and society and protect privacy’’.
The punishment would apply to both men and women in the ultra-conservative Muslim kingdom, according to a statement on Tuesday by the ministry of culture.
It could tend to protect husbands from their wives.
As in many other parts of the Muslim world, Saudi laws on divorce, inspired by scripture, often required wives seeking alimony to provide evidence of abuse or sexual promiscuity.
A husband’s phone could be a rich source of such evidence.
The Anti-Cybercrime Law, says “spying on, interception or reception of data transmitted through an information network or a computer without legitimate authorisation” is a crime.
It imposes a penalty up to 133, 000 dollars, prison or both.
“Social media has resulted in a steady increase in cybercrimes such as blackmail, embezzlement and defamation, not to mention hacking of accounts’’, the ministry said.
A similar law on the books in the neighbouring United Arab Emirates also bars the practice, carrying a minimum three-month prison term and 817 dollas fine.
The oil-rich and tech-obsessed countries are among the most avid social media users in the world, but traditional values remained ascendant, even in courts.

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World markets dive as Trump sparks trade, North Korea worries

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