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Last update: Fri, 26 Aug 2016 03pm

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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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UN mission slams attack on American University in Kabul UNITED NATIONS: The United Nations' mission in Afghanistan has condemned Wednesday night's attack on a university in Kabul that killed 12 civilians and injured more than 50 others, mostly students. "An attack deliberately targeting an educational facility, during evening classes for university students, is an atrocity and those responsible must be held accountable," Pernille Kardel, the Secretary-General's Deputy Special Representative for Afghanistan and Acting Head of the UN Assistance Mission there, known as UNAMA, said ...

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Clinton launches Asian outreach in three closely fought states NEW YORK: Democrat Hillary Clinton's presidential campaign is focusing an effort to win over Asian American voters on three states where it believes the small but rapidly growing group could make the difference in her race against Republican Donald Trump. The push in closely fought Nevada, Virginia and Pennsylvania follows a broader national effort by Clinton's campaign to court minorities who are critical to her chances of winning the White House in the Nov. 8 ...

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Italy quake toll hits 250 as rescuers search flattened towns AMATRICE: The death toll from a devastating earthquake in central Italy climbed to at least 250 on Thursday and could rise further with rescue teams working for a second day to try to find survivors under the rubble of flattened towns. The 6.2 magnitude quake struck a cluster of mountain communities 140 km (85 miles) east of Rome early on Wednesday as people slept, destroying hundreds of homes. Dozens of emergency workers with sniffer dogs ...

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Kerry announces new Yemen peace initiative JEDDAH: US Secretary of State John Kerry on Thursday announced a fresh international peace initiative for Yemen aimed at forming a unity government to resolve its 17-month-old conflict."This war needs to end and it needs to end as quickly as possible," Kerry said after a meeting in Saudi Arabia with Gulf counterparts, a British minister and the UN peace envoy to Yemen.He said participants "agreed on a renewed approach to negotiations" between the Saudi-backed government ...