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...
Dutch firm Pay-V has put the world’s first flying car for sale. The car which made its debut in Switzerland at an international motor show by the Dutch firm can rise up to 11,000 feet in the air with about 350 miles air range. The car also has a speed of 100 mph and 112 mph on the road and the sky respectively. And if you thought you would be able to use some advanced technology or one button to get the car to move, you thought wrong. CNBC reports that you need to start it manually. However, Pal-V claims it only takes 10 minutes. The car has two models. The Liberty Pioneer Edition model which is sold for 499,000 euros (N221,196,720) comes with “unique interior and exterior finishing” while the Liberty Sports Edition stands at 299,000 euros (N132,540,720). The non-refundable payment comes with the compulsory flying lessons. There are terms and conditions to these: You need to have a pilot license and access to an a...