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...
British Prime Minister Theresa May appointed Karen Bradley as Northern Ireland Secretary on Monday, shortly after James Brokenshire resigned from the post due to ill-health. The switch, part of a long-awaited Cabinet reshuffle by May, comes nearly a year to the day since the collapse of the once-troubled province’s semi-autonomous government. Bradley, 47, has been serving as culture secretary since July 2016, after first entering parliament in 2010. Brokenshire resigned in a letter to May on Monday morning, as she began a reboot of her team, revealing he needed surgery. “I have a small lesion in my right lung which needs to be removed. Clearly, my long term health and my family are my priorities and I intend to proceed with surgery at the earliest opportunity,” he wrote. Brokenshire, 50, took to Twitter later in the day to express his appreciation for messages of support. “Standing down will allow me to focus completely on my family, my health and recovering fro...