Skip to main content

World markets dive as Trump sparks trade, North Korea worries

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...

Kenya election: Kenyatta vows to overcome divisions.

Uhuru Kenyatta has vowed to overcome Kenya's divisions after being sworn in for a second term as president, at a ceremony boycotted by the opposition.
Speaking after his inauguration in the capital Nairobi, he said he would try to incorporate some of the opposition's ideas "in the spirit of inclusivity".
Two people died when police clashed with opposition supporters in the city.
Opposition leader Raila Odinga announced plans to be sworn in himself as president next month.
He boycotted last month's repeat election and has not recognised Mr Kenyatta's victory.
Mr Kenyatta was officially re-elected with 98% of the vote on 26 October but just under 39% of voters turned out.
The original election on 8 August was held again after being annulled by the Supreme Court on grounds of irregularities.

What did Kenyatta say exactly?

Embarking on his second and last term in office, he promised to act as "the custodian of the dreams of all" Kenyans.
Without specifying whether he would reach out to Mr Odinga, he said: "We may have chosen different candidates and different visions, but each one of us voted for a better life.
"To my competitors, and in the spirit of inclusivity, I will endeavour to incorporate some of their ideas. The election was not a contest between a good dream and a bad dream. It was a contest between two competing visions.
"I will devote my time and energy to build bridges, to unite and bring prosperity to all Kenyans."

How did the inauguration unfold?

Spectators inside Nairobi's Kasarani sports stadium were entertained by music and dance performances, while the military paraded.
Kenyan military fire a cannon salute in Nairobi, 28 NovemberImage copyrightREUTERS
Image captionA cannon salute was fired
People celebrate as Uhuru Kenyatta takes the oath of office during his swearing-in ceremony at Kasarani Stadium in Nairobi, Kenya, 28 NovemberImage copyrightREUTERS
Image captionThe stadium was packed with supporters
A man waits ahead of the inauguration ceremony for Uhuru Kenyatta at Kasarani Stadium in Nairobi, Kenya, 28 NovemberImage copyrightREUTERS
Image captionThe luckier Kenyatta supporters had seats inside the stadium
However, there were scenes of chaos outside when people without seats tried to rush in and were driven back by police with tear gas and batons, with some officers on horseback.
Big screens had been promised so that tens of thousands of people could watch the ceremony from outside the stadium but no screens were provided, AFP news agency reports.
People fall as police fire tear gas to try control a crowd trying to force their way into a stadium to attend the inauguration of President Uhuru Kenyatta in Nairobi, Kenya, 28 NovemberImage copyrightREUTERS
Image captionPeople fell down as police fired tear gas outside the stadium

Which foreign leaders attended?

Ethiopian Prime Minister Hailemariam Desalegn and Rwandan President Paul Kagame were among a number of African leaders at the inauguration.

Why was the election re-run?

Chief Justice David Maraga said the August election had not been "conducted in accordance with the constitution" and declared it "invalid, null and void".
The Supreme Court ruled that the result had been "neither transparent nor verifiable".
But Mr Odinga urged his supporters to boycott the second vote because he said no reforms had been made to the electoral commission since the original poll.
Correspondents say the election dispute has left Kenya deeply divided.
About 50 people are reported to have been killed in violence since the August ballot.
Presentational grey line

Burning tyres

By Anne Soy, BBC News, Nairobi
There were confrontations between police and opposition supporters in the suburb of Doonholm.
Angry protesters lit tyres, barricaded roads and threw stones at the police and some ruling party supporters. "No Raila, no peace," they shouted as police lobbed tear gas canisters to disperse them.
"We do not recognise Uhuru Kenyatta," one protester holding a sling loaded with a stone told me. Another protester said he was angry that the police had blocked access to the venue where the opposition had planned to hold a rally.
Mr Odinga told the BBC that they wanted to mourn the death of their supporters who were allegedly killed by police over the past week-and-a-half. The police have denied shooting and killing any opposition supporters.
Presentational grey line

How are the opposition responding?

Addressing his supporters on a road in Nairobi, Mr Odinga said he himself would be sworn in as president on 12 December.
According to Mr Odinga, Mr Kenyatta was elected by "just a small section of the country".
Raila Odinga greets his supporters in Nairobi, Kenya, 28 NovemberImage copyrightREUTERS
Image captionRaila Odinga greeted his supporters from the sunroof of a car
BBC map
Local media and police sources reported the deaths of two people, at least one of whom was shot as police battled protesters with tear gas and batons.
Opposition activists had been trying to hold a rally in the city's Jacaranda grounds, far away from the stadium, to commemorate 50 or so people killed since the August vote.

Comments

Popular posts from this blog

How to Migrate from Bootstrap Version 3 to Advance Bootstrap 4.

This article would illustrate and expatiate on how to  migrate from Bootstrap 3 to Bootstrap 4 ? You’re in luck; today we’ll walk through the changes and new features between versions. The changes you need to make are generally just class renames and some set-up. To save you a lot of time scouring the changelog, I have compiled a list of the things you need to know when migrating from Bootstrap 3 to Bootstrap 4. We will start by discussing the changes made in Bootstrap 4 framework and how it will affect your website performance. Then we will examine the new way of  installing bootstrap and how the grid measurement unit  has change and how  flexbox can help on responsive designs . We will also discuss changes to some of the components and take a look what happens to JavaScript on the new version. Finally, we’ll take a look at some of the new components including cards, tooltips and flexbox. If you are getting ready to migrate a site from the old Bootst...

World markets dive as Trump sparks trade, North Korea worries

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...

Saturated Fats vs. Unsaturated Fats.

Saturated Fats vs. Unsaturated Fats Diffen  ›  Food  ›  Diet & Nutrition The human body needs both  saturated fats  and  unsaturated fats  to remain healthy. Most dietary recommendations suggest that, of the daily intake of fat, a higher proportion should be from unsaturated fats, as they are thought to promote  good cholesterol  and help prevent cardiovascular disease, whereas an overabundance of saturated fats is thought to promote bad cholesterol. However,  a few studies  have found that little evidence for a strong link between the consumption of saturated fat and cardiovascular disease. Note: It is technically more accurate to call saturated and unsaturated fats types of  fatty acids , as it is specifically the  fatty acid  found in a fat that is either saturated or unsaturated. However, referring to fatty acids as fats is common. Comparison chart Saturated Fats versus Unsaturated F...