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Sunday, May 24, 2026
Home Blog Page 1381

Asia Stocks Climb Amid Boost From US-China Tariff Truce

By Ian Maleve

Asian stock markets rose on Monday as investor sentiment improved following signs of easing tensions between the United States and China over trade tariffs.

The truce between the two economic superpowers, which halts new tariffs and sets the stage for further negotiations, provided a fresh wave of optimism across global financial markets.

Major indexes across the Asia-Pacific region posted gains. In Japan, the Nikkei 225 advanced by over 1.2 percent, while South Korea’s KOSPI climbed 0.9 percent, buoyed by gains in semiconductor and technology stocks.

Hong Kong’s Hang Seng Index added nearly 1.5 percent, driven by strength in consumer and financial shares. Chinese mainland markets also reflected the upbeat mood, with the Shanghai Composite rising by 0.7 percent.

The rally comes in response to a weekend announcement that both Washington and Beijing have agreed to pause additional tariffs and resume trade dialogue.

The agreement is seen as a temporary but significant step toward de-escalating a long-running trade dispute that has weighed heavily on global growth and disrupted supply chains.

Investors reacted positively to the prospect of improved trade flows and reduced policy uncertainty, especially in sectors that are highly sensitive to global demand, such as manufacturing, electronics, and logistics.

Technology shares led the gains across several exchanges, reflecting renewed confidence in supply chain stability and export potential.

Currency markets also responded to the truce, with the Chinese yuan strengthening against the U.S. dollar and regional currencies such as the South Korean won and Japanese yen also edging higher. The relative stability of the dollar following the news further supported risk sentiment.

Analysts cautioned, however, that while the ceasefire in trade tensions is encouraging, markets remain vulnerable to setbacks if future talks falter or geopolitical tensions elsewhere intensify.

Still, for now, the tariff pause appears to have offered a much-needed reprieve for Asian markets, allowing investors to shift focus to corporate earnings and economic data due later in the week.

Ford Initiates Recall of Over 103,000 F‑150s Due to Faulty Axle Bolts

By Ian Maleve

The National Highway Traffic Safety Administration (NHTSA) has directed Ford to recall more than 103,000 F‑150 pickup trucks in the United States amid concerns about axle bolt failures that could cause serious safety risks.

According to the agency, damaged axle bolts may break, potentially resulting in unintended vehicle rollaway or loss of drive power.

The recall targets F‑150 models, though specific years and configurations affected have not been disclosed in detail.

While Ford has yet to announce a final repair solution, the recall underscores the urgency of the issue, given the serious implications of a fractured axle bolt on road safety.

This action follows a recurring pattern of similar safety concerns traced to Ford’s rear axle components. Previously, in early 2024, Ford recalled approximately 113,000 F‑150s from the 2021–2023 model years due to a related issue involving rear axle hub bolts that could fatigue, break, and impair torque transfer raising the risk of the truck rolling away when parked.

In those instances, drivers were advised to apply the electronic parking brake and watch for clicking or rattling noises indicative of a failing bolt.

Although no crashes or injuries have been linked to these defects so far, the frequency of warranty claims 376 registered in relation to the previous bolt issue alone has prompted ongoing investigations and heightened regulatory scrutiny.

The cumulative recalls reflect a pressing challenge for Ford, as it works to stabilize confidence in one of its flagship product lines. For now, owners of affected trucks are urged to await further instructions from Ford or NHTSA regarding interim safety measures and future repair availability.

Trump Meets Intel CEO in Tense Talks After Public Call for Resignation.

By Ian Maleve

Former U.S. President Donald Trump held a high-stakes closed-door meeting with the CEO of Intel Corporation, just days after publicly calling for the executive’s resignation.

The rare face-to-face engagement took place at Trump’s private club in Florida and was attended by a select group of advisors and senior executives from the tech and manufacturing sectors.

The meeting follows mounting tensions between Trump and the chipmaking giant, sparked by what he described as Intel’s failure to maintain global competitiveness, especially in the face of rising Chinese semiconductor dominance.

Trump has been critical of the company’s leadership, blaming it for production delays, outsourcing, and what he called “missed opportunities” to strengthen American chip independence.

Insiders familiar with the discussion described the atmosphere as tense but constructive. Trump reportedly pressed the Intel CEO on issues ranging from domestic investment commitments to the company’s ability to deliver on its promises under the CHIPS and Science Act, which aims to revitalize America’s semiconductor manufacturing base.

Despite the earlier criticism, Trump is said to have expressed support for U.S.-based semiconductor innovation, emphasizing the strategic importance of chip manufacturing for national security and economic sovereignty.

However, he made it clear that he believes stronger leadership is necessary to ensure the U.S. remains at the forefront of technological development.

The Intel CEO, for his part, defended the company’s recent performance and laid out a roadmap for recovery, including plans for new fabrication plants, expanded partnerships with American universities, and recruitment of engineering talent.

He also assured Trump that Intel remains committed to reshoring production and reducing reliance on overseas foundries.

While no formal agreement emerged from the meeting, the two sides reportedly agreed to continue dialogue.

The development adds a new layer of complexity to the already volatile intersection of technology policy, politics, and global supply chains, with both parties under pressure to deliver results ahead of the 2026 U.S. midterm elections.

Trump’s Revenue Sharing Agreement with Nvidia Stirs Corporate and Security Alarm

FILE PHOTO: Nvidia logo is seen in this illustration taken, January 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

By Ian Maleve

In a striking departure from established U.S. export control norms President Donald Trump has brokered a deal with Nvidia with AMD also reportedly involved that allows these tech giants to export previously restricted AI chips to China in return for a 15 percent government cut of the resulting sales revenue.

The move broke long-standing precedent, where export of sensitive technologies was strictly regulated on security grounds, not subject to negotiation.

Previously banned Nvidia H20 chips are now part of the arrangement and Trump has even hinted at easing restrictions on downgraded versions of the advanced Blackwell chips.

U.S. lawmakers from both political parties were quick to criticize the arrangement, warning it sets a dangerous “pay-for-play” precedent in technology export policy.

Representative John Moolenaar, a Republican, emphasized that export controls should remain an unyielding defense of national security never a transaction.

Meanwhile, Democratic Representative Raja Krishnamoorthi insisted that turning national security into a commodity risks signaling to allies and adversaries alike that core principles are negotiable for the right fee.

Legal scholars have raised further alarms, suggesting that this revenue-share may function as an impermissible export tax possibly violating the U.S. Constitution’s prohibition on such levies.

Trade lawyers and academics have described the arrangement as an unprecedented fusion of export licensing and financial extraction from corporate earnings.

Analysts have also pointed to significant implications for the tech industry’s financials. Bernstein analysts estimate the levy could reduce gross margins on China-bound chips by 5 to 15 percentage points, exerting downward pressure on Nvidia’s and AMD’s overall earnings.

Meanwhile, other strategic sectors are watching closely to see whether this model might extend beyond semiconductors.

National security institutions and think tanks have also voiced concerns. Commentaries warn that monetizing export controls undermines the integrity of U.S. technology policy and may erode trust among allies who coordinate on export restriction regimes.

In response, the White House argues that the national security risks are minimal, noting that the H20 chip is relatively low-tier, and that continued Chinese access to U.S. chip technology serves broader economic interests. Still, critics contend the deal may fundamentally reshape the balance between government regulation and private enterprise.

UN, media groups condemn Israel strike that killed Al Jazeera journalists in Gaza.

GAZA CITY, GAZA - AUGUST 13: Enes al-Sharif, the Gaza correspondent for the Qatar-based Al Jazeera television, who is targeted by Israeli Army Spokesperson Avichay Adraee, reports on the events in Gaza City, Gaza on August 13, 2024. (Photo by Dawoud Abo Alkas/Anadolu via Getty Images)

By Michelle Ndaga

The united nations, European union and several media rights organizations on Monday condemned an Israel airstrike in Gaza that killed a team of Al-Jazeera journalists, sparking outrage an grief among Palestinians. the strike on Sunday claimed the lives of Anas al- sharif, a 28years old prominent Al-Jazeera correspondent, and four of his colleagues. The journalists were killed while reporting in Gaza city.

Dozens of mourners gathered in the courtyard of al-Shifa hospital, surrounding the ruins of bombed out buildings, to pay their respects to the slain reporters. many described al-sharif as a fearless voice for Gaza. Israel accused al-sharif of being a Hamas militant a claim rejected by al Jazeera and dismissed by press freedom advocates. The UN and media watchdogs have called for an independent investigation, warning that targeted reporters violates international law threatens press freedom.

Air Canada faces strike threat as cabin crew push for higher pay.

BY Michelle Ndaga

Air Canada’s cabin crew are protesting and threatening to strike as pay talks with management intensify. A walkout during the busy summer travel season could severely disrupt operations, coming just after the airline reported a second-quarter profit drop due to weaker U.S passenger traffic. Union leaders demand better wages and working conditions, while the airline says it is committed to avoiding service disruptions. Bargaining is set to continue as the peak travel period approaches.

Three Dead in Target Parking Lot Shooting in Austin,Texas

At least three people have been killed in a shooting at a Target store parking lot in Austin, Texas, in an incident authorities described as both “devastating” and “cowardly.”

Police said they received reports of the shooting at around 2:15 pm local time on Monday and arrived within four minutes to find three people with gunshot wounds. Two victims were pronounced dead at the scene, while the third died later in hospital. A fourth person was treated for injuries not caused by gunfire.

Austin Police Chief Lisa Davis told reporters it remains unclear what triggered the violence. Authorities have not yet released details about the victims. The suspect, described as having both a criminal and mental health history, allegedly stole a vehicle from the scene, crashed it, and then hijacked another car – a Volkswagen taken from a nearby dealership – before being apprehended in south Austin. Police say the arrest came after the suspect was subdued with a Taser.

“This is a sickening, cowardly act of gun violence,” Austin Mayor Kirk Watson said, adding that his thoughts were with the victims’ families.

Target issued a statement expressing sorrow and shock at the incident. “We are devastated by the violence at our Austin store and are working closely with law enforcement during their investigation,” the company said.

The shooting has left the parking lot closed as part of an active crime scene, with police advising anyone whose vehicle is inside to arrange alternative transport.

The tragedy comes amid a string of high-profile shootings in Texas this year, renewing debates about public safety and the role of firearms in everyday violence. For now, Austin’s residents are left reeling – and waiting for answers.

Del Monte Guard Accused of Killing Local Trader over Pineapple ‘Theft’

A security guard contracted by Del Monte Kenya has been accused of fatally injuring a local vegetable vendor, reigniting concerns about violence linked to multinational agribusiness operations in the country.

Between 8am and 9am on 8 August, 31-year-old Michael Muiruri was knocked down in Gatwekera, Murang’a, by a Toyota Hilux driven by a G4S guard. The guard suspected him of stealing pineapples, according to witnesses. Muiruri had earlier sold vegetables at Thika’s Makongeni market and was returning home on a motorcycle driven by his friend, 24-year-old Brian Kuria.

Kuria survived the collision and rushed Muiruri to a local clinic, where he was given first aid before being referred to Thika Level 5 hospital. He died hours later from multiple injuries.

The incident was reported at Ngati police station under OB number 12/08/08/2025. The vehicle and damaged motorcycle were impounded. Family members allege that the guard pursued them as they went to report the killing, nearly running them over a second time.

Rights groups say the killing is part of a wider pattern of violence around Del Monte’s Thika plantation. In December 2023, four men were found dead after allegedly being beaten by company guards and dumped in the Chania River. A 2024 human rights assessment documented killings, assaults and intimidation against locals, some accused without evidence of trespassing or theft.

Del Monte outsourced security to G4S in March 2024 after firing more than 200 in-house guards. Community leaders say abuses have continued. G4S has previously faced allegations of torture and sexual violence in unrelated disputes in Kwale.

The Kenya Human Rights Commission and the Ndula Resource Center are demanding the arrest of the guard, compensation for Muiruri’s family, and international sanctions against Del Monte until it meets human rights obligations.

Thika Court Lowers Bail for Kiambu Youths Held Over Saba Saba Protests

Writrten By Joyce Nzomo

The Thika Law Courts on Monday reduced cash bail for 27 of the 42 young people arrested during last month’s Saba Saba protests in Juja, Kiambu County.

Presiding over the mention of the case, Hon. Stella Atambo slashed bail from Ksh 30,000 to Ksh 15,000 for those still in custody, noting that many had remained in remand due to inability to raise the earlier amount.

The court also set the hearing date for November 13, 2025.

The group was arrested in early July during the nationwide Saba Saba demonstrations, which were organized to demand government accountability, oppose the Finance Bill 2025, and push for better governance.

Police charged the 42 with robbery with violence, a capital offence that carries a potential death sentence upon conviction.

However, human rights organizations and defense lawyers have dismissed the charges as politically motivated and an attempt to criminalize dissent.

Initially, the accused were granted cash bail of Ksh 100,000 each, which the High Court later reduced to Ksh 30,000 following legal appeals.

Despite this adjustment, 27 remained behind bars, prompting Monday’s further review.

Advocates Babu Owino, Noordean Khangai, Miss Wanjira Maina, Abner Mango and Pius Oyoo represented the accused.

The hearing is set for 13/11/2025.

“I Just Want to Know How My Nephew Died,” Samidoh Tells Court

Written By Joyce Nzomo

Mugithi singer Samuel Muchoki, popularly known as Samidoh, told Milimani Court on Monday that his only aim is to find out how his nephew, 23-year-old interior designer Jeff Mwathi, died in February 2023.

Samidoh told the court that on the night Jeff went missing, his brother called to say Jeff could not be found and that DJ Fatxo had requested to meet with both of them. 

Samidoh said he was attending a meeting on Kiambu Road at the time and declined the request, asking DJ Fatxo to speak with his brother and for the brother to relay any information to him. He later went to the Kasarani Police Station the following morning to report the matter.

At the scene described in evidence as Redwood Apartments, Lumumba Drive Apartments, 10th floor (house 10M), Samidoh said the crime scene was not secured when he arrived.

He found five people inside: DJ Fatxo’s driver, Fatxo’s cousin and three women. He told the court he knew Jeff had a business relationship with DJ Fatxo, supplying shoes to him.

Samidoh said he searched the room for anything unusual but initially found none. However, those who lived in that house told him the bed had been moved away from its original position next to the window.

He described the window as having normal grills except for one section that was larger than the rest. Large enough, he said, that someone could fall through if pushed. He also told the court he saw no footmarks on the window, and the bed appeared neat.

On the condition of the body, Samidoh said Jeff’s trousers were near his ankles, his underwear was inside out, and he had no shoes when found.

He said he was dissatisfied with the first post-mortem report, which prompted the family to request a second autopsy; he first viewed the body during the second post-mortem when it was already dressed. 

Samidoh told the court he later went to the DCI offices in Kasarani to press for further investigation, a move he said other artists helped support.

During cross-examination, the defence raised several counterpoints. They reminded the court of an affidavit by Corporal Kilonzo, which said social media pressure partly led to the reopening and exhumation of Jeff’s body; the affidavit noted that some social media users alleged Jeff had been sexually assaulted. Samidoh admitted he had seen such online statements.

The defence argued Jeff had been under severe financial strain and could not even afford a belt. A point it used to explain why his trousers were down.

They also said Jeff had previously attempted suicide and was very drunk on the night in question, and that Jeff had been with another woman, Jane Wanjiru (not the girlfriend Samidoh knew), who was reportedly picked up by Karis and taken to Quiver Lounge that night.

The lawyer suggested these stresses—Jane’s leaving with Karis, finances, and prior suicide attempts—could have motivated Jeff to take his own life.

The defence also told the court that CCTV from the building allegedly showed DJ Fatxo leaving with three women and Jeff left behind; Samidoh said he had never personally seen the footage. The defence pointed out a notebook found in Jeff’s jacket, saying it only contained business plans between Jeff and DJ Fatxo.

The defense probed Samidoh’s motives, suggesting he might have a grudge against DJ Fatxo since both are artists from the same hometown and could be future political rivals.

Samidoh denied any political ambitions and rejected suggestions of ill will, saying he and DJ Fatxo had a good relationship. Fatxo, he said, had been among the artists who collected him from the airport after his first US performance.

When asked about his relationship with politician Karen Nyamu, Samidoh said he knew her and that she was “probably more than a friend”; the defence noted Nyamu had been vocal about the case. 

Throughout his testimony, Samidoh was clear about his position: he has not settled in his mind that any specific person killed Jeff, he simply wants to know how his nephew died. He also confirmed he recorded his statement almost two months after the death; the defence observed that the delay meant Samidoh omitted some details from that initial statement.

The inquest will resume for further hearings on 18 and 19 August.

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