News Headlines - 31 August 2011

▽Banking reforms 'could jeopardise recovery' - BBC
A senior business leader has warned that changes to banking regulation expected to be recommended by an independent commission led by Sir John Vickers might damage the economy by if they result in the banks lending less.

▽Tesco to exit Japan after eight-year struggle - The Guardian
Tesco, the world's third-biggest retailer, put its loss-making Japanese business up for sale, abandoning an eight-year attempt to break into a tough retail market and underscoring its new boss's commitment to investor returns.
The move is a rare admission of defeat by the British supermarket group and raised speculation it could be prepared to exit its much larger loss-making business in the United States if its current recovery plan fails to deliver.

▽Chechnya's leader promises hardline response to suicide bombings - The Guardian
Ramzan Kadyrov, the Chechnyan leader, has promised a harsh response after three suicide bombers blew themselves up in the southern Russian republic on Tuesday night, killing nine people and wounding 22...
The attacks took place as Muslims celebrated Eid al-Fitr, the holiday marking the end of Ramadan, which is known as Uraza Bayram in Russia.

▽Yvonne Fletcher investigation will receive co-operation from Libya - The Guardian
David Cameron has said Libya's interim government will co-operate with the Metropolitan police investigation into the 1984 killing of WPC Yvonne Fletcher. The prime minister's comments come as it was reported that only one of the three main suspects in the shooting from the Libyan embassy in London 27 years ago remains alive.

▽Sony sets date for mobile 3D headset Japan launch - Reuters
Sony Corp said on Wednesday its new 3D device offers a movie experience that can be had anywhere, with a head-mounted display that lets users also watch videos and play videogames.







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