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...
Seventy-eight former United States Ambassadors to 48 African countries have expressed a deep concern over reports of President Donald Trump’s recent remarks about the continent. The U.S. president’s negative characterisation of Africa on January 11, especially his ‘shithole’ comments, have elicited condemnations, not only from Africa but also from world leaders. French President Emmanuel Macron said he shared the ‘outrage’ and described it as ‘disparaging.’ South Africa and Nigeria were among the first to join a chorus of countries condemning Trump for his inflammatory remarks on immigration. Africa experts warned that the ensuing cacophony threatened America’s interest across the continent. Both countries have summoned U.S. diplomats to clarify their president’s vulgar remarks even as African ambassadors at the United Nations met with the U.S. ambassador to the U.N, Nikki Haley on Thursday. Haley did not apologise but reportedly told the African envoys that the conti...