CLARO NET

Investors may be about to get further confirmation that they have misread how deep and lasting the global trade war could be. After last week’s retreat in risk assets, the stand-off between the world’s two largest economies deepened at the weekend as Beijing  blamed  the U.S. for the latest breakdown in talks. Traders were also left digesting a move by the Chinese toward blacklisting FedEx  Corp., a threat by President Donald Trump to slap tariffs on all Mexican goods and a decision to  end an arrangement  that lets India export almost 2,000 products to the U.S. tax free. “Investors are generally of the view that the trade dispute could drag on for longer, but they appear to be overlooking its potential impact on the global macro outlook,” Chetan Ahya, the New York-based head of economics at Morgan Stanley, wrote in a note distributed Sunday. “If trade tensions continue to escalate, the global cycle will be at risk. We could end up in a recession in three quarters. As the outlook on tr

The Wife of the President, Mrs Aisha Buhari, has asked the National Social Investment Programme (N-SIP) to support the poor people in Katsina State including those devastated by banditry. Mrs Buhari who was in Batsari, Katsina State on Saturday to distribute relief materials to victims of banditry, noted that although 500 billion Naira was given by the Federal Government to assist vulnerable Nigerians, but only a few had benefited.   The News Agency of Nigeria (NAN) reported that when Mrs Aisha Buhari asked the IDPs if any of them had received the 10,000 Naira assistance, the response was negative. “National Social Investment Programme should go to Katsina state and give them their assistance. “These people gave over one million votes during the general elections, they really need the assistance and they deserve to be given,”  said Mrs Aisha Buhari. She also urged the National Emergency Management Agency to come to the help of the Internally Displaced Persons in the state. Earlier