News Headlines - 29 July 2016

▽IMF admits disastrous love affair with the euro and apologises for the immolation of Greece

The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory.

▽Yen jumps against dollar as Japan keeps rates on hold - BBC News

The Japanese yen has climbed by more than 2% against the US dollar, after the Bank of Japan decided to keep interest rates on hold after its two-day meeting... But the central bank said it would double its annual purchase of exchange traded funds to 6tn yen ($57bn; ￡43bn) from the current 3.3tn yen.

▽Sony bucks trend of Japan corporate losses — FT.com

Sony posted a surprise quarterly profit as other Japanese technology groups including Sharp and NEC reported losses on damaging exchange rates and weak sales... The result, however, overshot analysts’ forecasts for a loss of \39bn thanks to a boost from its PlayStation gaming division, where sales increased 15 per cent during the first quarter. The electronics and entertainment group is also looking to capture the growth of virtual reality games with the launch of its VR headset in October.

▽Last chance to update to Windows 10 for free | The Guardian

Microsoft’s controversial year-long free Windows 10 upgrade offer for users of Windows 7 or 8 ends today (Friday), which means now is the time to claim a free licence or be forced to pay upwards of ￡80 for a copy.

▽More than 500 children identified as victims of online sex abuse - ITV News

More than 500 children, some as young as three, have been identified as potential victims of online sexual abuse during a major police investigation.