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Kenyatta risks ‘pyrrhic victory’ in Kenyan poll rerun

Bloomberg Kenyan President Uhuru Kenyatta is certain to win re-election in Thursday’s vote rerun after his main rival, Raila Odinga, withdrew from the race, but his victory could prove to be a hollow one. “It would be a Pyrrhic victory for Kenyatta, especially if opposition strongholds boycott as they have promised,” said Nanjala Nyabola, a Nairobi-based independent political analyst. “It ...

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Plan to crush catalan separatists causes alarm for Rajoy’s allies

Bloomberg Spain’s plan to crush Catalonia’s separatists is ringing alarm bells among some of Prime Minister Mariano Rajoy’s allies before what’s set to be a decisive few days in the conflict with the insurgent region. The Socialists are balking at the government’s focus on taking control of the administration in Barcelona while shutting off options that would allow the Catalan ...

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US stocks, dollar drop as traders sift earnings news

Bloomberg US stocks slumped as investors sifted through the latest batch of corporate earnings, while the dollar fell with Treasuries amid speculation recent moves had gone too far too quickly. The S&P 500 Index fell from near a record high, with weak results hammering shares in Chipotle Mexican Grill Inc. and Advanced Micro Devices Inc. Ten-year Treasury yields retreated after ...

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