News Headlines - 02 August 2011

▽Phone hacking: former News of the World managing editor Stuart Kuttner arrested - Telegraph.co.uk
Detectives questioned him over allegations that he was involved in a conspiracy to intercept mobile phone voicemails and over allegations of illegal payments to police officers. Mr Kuttner left his position at the defunct tabloid two years ago.

▽US debt crisis continues as turmoil infects Italy and Spain - The Guardian
Financial markets in Europe and North America were gripped by a new sense of crisis as the turmoil caused by the narrowly averted US debt default moved back across the Atlantic and infected Italy and Spain – two key members of the eurozone.

▽Barclays joins the banking jobs cull, with 3,000 to go this year worldwide - This is Money
Barclays has become the latest British bank to unveil heavy job losses in a bid to slash costs and boost its tepid earnings.
In a move aimed at countering the ill-effects of a faltering recovery, Barclays warned that 3,000 jobs would go this year from a 146,100-strong global workforce.

▽First captain of Virgin Galactic space flights unveiled - Business Review Europe
British pilot, David Mackay has been unveiled as the first captain of Richard Branson’s Virgin Galactic space flights, making him the first captain to fly tourists into space.
Virgin Galactic plans to begin its sub-orbital space flights in 2013 and the company came one step closer on Sunday when its space tourism rocket, SpaceShipTwo achieved its first solo flight.

▽One in ten boys of 11 can read no better than a seven-year-old, say DoE - Metro
The results mean nearly 183,000 pupils failed to achieve the level expected of them in the 3Rs.
One in ten boys at the age of 11 can read no better than a seven-year-old.







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