News Headlines - 05 July 2012

▽BBC News - Barclays credit rating outlook cut by Moody's and S&P

Rating agencies Moody's and Standard and Poor's have lowered their outlook on Barclays from stable to negative amid the bank rate-rigging scandal.

▽Bank of England extends quantitative easing programme by ￡50bn | guardian.co.uk

The Bank of England will pump a further ￡50bn into the economy in a desperate bid to haul Britain out of double dip recession that is threatening to stretch into the autumn.

▽ECB cuts interest rates to historic low - FT.com

The European Central Bank has cut its main interest rate to an historic low, responding to increasing gloom over the prospects for the eurozone economy with a move that also offers relief to the region’s struggling banks.

▽Fukushima Nuclear Crisis a Man-Made Disaster, Report Says - NYTimes.com

The nuclear accident at Fukushima was a preventable disaster rooted in government-industry collusion and the worst conformist conventions of Japanese culture, a parliamentary inquiry concluded on Thursday.

▽Japan Holds "ARIGATO in LONDON" at London County Hall - MarketWatch

"ARIGATO in LONDON," an event to show Japan's gratitude for the worldwide help, assistance and courage given after the Great East Japan Earthquake and also to show how Japan is recovering from the disaster, will be held for 15 days from July 28 to August 11, 2012, at London County Hall.