News Headlines - 08 August 2012

▽Hoy makes history in medals rush - Liverpool Echo

Having repeatedly under-forecast inflation, the Bank now admits that it has also been far too optimistic about growth.

▽Olympic triumph masks an altogether grimmer reality - Telegraph

Prominent Welsh Liberal Democrats are clinging onto the hope that the UK Government may still be able to make minor Lords reforms. They could include getting rid of the remaining hereditary peers, allowing members to retire and improving the appointment system.

▽BBC News - Pfizer pays $60m to US government to settle charges

Drug firm Pfizer has paid the US government $60m (￡38m) to settle charges alleging it paid millions of dollars in bribes to build its business in Europe and China.

▽Egypt bombs 20 suspected terrorists in Sinai - JPost

Egypt launched air strikes in the Sinai region close to the border with Israel on Wednesday, killing more than 20 suspected Islamic terrorists and marking the largest Egyptian military operation in the Sinai since the 1973 Yom Kippur War.

▽Sky launches James Bond channel as Sky Movies 007 HD - Mirror Online

All 22 Bond movies will be available under one roof for the first time from Octobe