News Headlines - 17 August 2010

▽Bank of England Governor warns that Britons face higher inflation for longer - Telegraph.co.uk
http://www.telegraph.co.uk/finance/economics/7949919/Bank-of-England-Governor-warns-that-Britons-face-higher-inflation-for-longer.html
British consumers will face higher inflation for longer than hoped, the Bank of England Governor warned today, as latest figures showed a sharp jump in food prices.

▽Edinburgh festivals face funding crisis - The Guardian
http://www.guardian.co.uk/culture/2010/aug/15/edinburgh-festivals-facing-funding-crisis
Millions of pounds in grants and sponsorships could be lost as corporate benefactors pull out and subsidies are withdrawn

▽Chinese economy eclipses Japan’s - FT
http://www.ft.com/cms/s/0/935ac446-a8d7-11df-86dd-00144feabdc0.html?ftcamp=rss
China is on track to officially eclipse Japan as the world’s second largest economy this year in a symbol of Beijing’s rise and the shift in global economic and political power.

▽Microsoft details Windows Phone game plan - cnet
http://news.cnet.com/8301-13860_3-20013805-56.html
Microsoft late on Monday announced the first wave of Xbox Live games that will be made available for Windows Phone 7, when the first smartphones running the new operating system hit the market later this year.

▽World's first 3D camera unveiled
http://www.telegraph.co.uk/technology/news/7949020/Worlds-first-3D-camera-unveiled.html
The new FinePix Real 3D W3 will go on sale in early September, costing around £400. Fujifilm said its 3D printing service will be available ''shortly'' after the camera's launch.