08282016Sun
Last update: Sun, 28 Aug 2016 01pm

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Poland risks investment downturn over legal crisis: Moody's WARSAW: Global ratings agency Moody's warned Thursday that an escalating constitutional crisis in Poland is threatening to hurt investment in the EU's largest eastern economy and could affect its credit rating.Moody's pointed to a probe launched by prosecutors last week against the Constitutional Court's chief justice and the refusal of the right-wing Law and Justice (PiS) government to recognise the top court's rulings."This is credit negative for Poland because it escalates a constitutional crisis that began late last year and will likely increase tensions with the European Union, with a higher risk of further impairing Poland's investment climate," Moody's said in a statement.The constitutional "crisis already appears to have left its mark" Moody's said, noting that "real investment contracted by 2.2 percent" in the first quarter of 2016 compared to 2015. "Although we expect private consumption to support real growth of 3.0 to 3.5 percent this year, the impaired investment ...

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Barrel bombing kills 11 children in Syria's Aleppo BEIRUT: Eleven children were killed on Thursday in a barrel bomb attack carried out by government forces on a rebel-held neighbourhood of Syria's Aleppo city, a monitor said."Fifteen civilians, among them 11 children, were killed in a barrel bomb attack on the Bab al-Nayrab neighbourhood" in the south of Aleppo city, the Britain-based Syrian Observatory for Human Rights monitor said.The group also reported eight civilians, including two children, were killed on Thursday in rebel fire ...

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Kerry arrives in Geneva for Syria talks with Lavrov GENEVA: US Secretary of State John Kerry arrived in Geneva late Thursday for a meeting with his Russian counterpart Sergei Lavrov to discuss the situation in war-ravaged Syria.Kerry, who was flying in from Jeddah in Saudi Arabia where he announced a new peace push for conflict-torn Yemen, arrived in the Swiss city shortly before 10:00 pm (2000 GMT).He was scheduled to meet with Lavrov Friday morning for talks expected to focus heavily on the situation ...

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Santos orders ceasefire after Colombia seals peace deal BOGOTA: Colombian President Juan Manuel Santos ordered a definitive ceasefire with the FARC rebels Thursday after the two sides reached a historic deal to end their half-century conflict.With Colombia now gearing up for a decisive referendum on the deal on October 2, Santos ordered a ceasefire from Monday, ending hostilities that have killed hundreds of thousands of people and forced millions to flee their homes."The armed conflict with the FARC has ended," he said in ...

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MQM shall have to prove its dissociation from Altaf: Musadik ISLAMABAD: Spokesman to the Prime Minister Dr Musadik Malik Thursday said the traitor of Pakistan could not be forgiven and anybody siding with him would have to be seen with the same eye and held accountable."The statement of MQM leadership in Pakistan to dissociate from Altaf Hussain can be trusted in its face value but the party will have to prove it with its acts. If they will fail to do it, we shall have ...