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...
Security was tight outside Kenyan Supreme Court on Tuesday as it prepared to review petitions challenging President Uhuru Kenyatta’s victory in the October presidential election.
The court, which has been centre stage for Kenyan politics since it nullified the results of August’s presidential election.
That decision led to the re-run election on Oct. 26.
The court has not convened since the day before the October election, when it had been due to deliberate on a last-minute request to delay the vote.
But that hearing was canceled because not enough judges showed up to make a quorum.
A source said the had demanded more security after the bodyguard of the deputy chief justice was shot the day before the hearing and said they would refuse to attend hearings without it.
The source said government turned them down.
The chief justice later denied the Reuters report on the security issue and said the police had “enhanced” the judges’ security.
All six judges showed up for Tuesday’s meeting.
They are expected to announce when proceedings will begin and whether it will hear all three petitions filed, one by a former lawmaker and the other two by civil society organisations.
Kenyatta came to power in 2013 and won a second and final term in August, defeating opposition leader Raila Odinga by 1.4 million votes.
Odinga did not contest the repeat vote on Oct. 26, saying it would be unfair because the election commission had failed to implement reforms.
Kenyatta won with 98 per cent of the vote, though opposition supporters staged a boycott and prevented polls from opening in the west of the country.
Kenya is a regional hub for trade, diplomacy and security and its prolonged election season has disrupted its economy.
Human rights groups say at least 66 people have died in bloodshed surrounding the two elections.
The Supreme Court was created by a 2010 constitution that followed a violent political crisis three years earlier.
No fewer than 1,200 people were killed in ethnic clashes after the disputed election in 2007.
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