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...
As polling officials tallied votes, Kenyans counted the cost Friday of a deeply divisive election marred by low voter turnout and violence that left at least four dead and scores wounded. Kenyan President Uhuru Kenyatta is headed for a landslide win in the absence of his main rival Raila Odinga who boycotted the vote, however, his legitimacy will be sorely questioned with initial figures showing only about a third of registered voters turned up. The country’s second presidential election in three months has sharply divided east Africa’s flagship democracy, and could yet face further legal battles. In its post-election editorial, the Daily Nation warned Kenya is now “more fractured and unstable than ever before” but added, “ours is a political problem that requires a political solution.” “There is a need to forge inclusivity.” The vote came after a two-month political drama that began when the Supreme Court overturned the victory of President Uhuru Kenyatta in...