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
Intel appears to have encountered some daylight in its struggle to fix performance issues related to the Meltdown and Spectre vulnerabilities. The company has identified the root cause on its older Broadwell and Haswell platforms, Navin Shenoy, general manager of Intel's data center group, wrote in an online post earlier this week. Intel has begun rolling out a solution to its industry partners for testing, Shenoy said, but the company urged OEMs, cloud providers, software vendors, end users and others to stop deployment of existing versions, warning that they are vulnerable to higher-than-normal reboots and other unpredictable behavior. "I apologize for any disruption this change in guidance may cause," Shenoy wrote. "The security of our products is critical for Intel, our customers and partners, and for me, personally." The company has been working around the clock to resolve the issues, he added. Intel has been under fire for its initial response