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...
A potential battle is currently looming between the Nigerian Communications Commission (NCC), and Interconnect Exchange Operators over some alleged sharp practices going on in the telecommunications sector. The NCC yesterday, in a letter sighted by The Guardian had accused about six operators including Interconnect Clearing House Nigeria Limited; Medallion Communications Limited; Nicconx Communications Limited; Breeze Micro Limited; Solid Interconnectivity and Exchange Telecommunications limited, of fuelling call masking and refilling in the industry. NCC claimed that these operators were found to be involved in call masking and refilling, hence the move to withdraw their operating licenses.A masked call happens when an international calling number (Caller Line Identity) is framed as local number traffic. It is a deliberate attempt by the fraudster to avoid paying the correct International Termination Rate (ITR) for international calls, but to benefit by p...