News Headlines - 03 August 2016

▽North Korea fires ballistic missile into Japanese waters for first time in 18 years

North Korea launched a ballistic missile on Wednesday that landed in Japanese waters for the first time in 18 years, the latest in a series of exercises in defiance of UN Security Council resolutions.

▽Japan's PM picks hawkish defence minister in limited reshuffle | Reuters

Japanese Prime Minister Shinzo Abe appointed a conservative ally as defence minister on Wednesday, in a cabinet reshuffle that left most key posts unchanged, and he promised to speed up the economy's escape from deflation and boost regional ties.

▽Nikkei extends losses on resurgent yen, disappointment over stimulus | Reuters

The Nikkei share average extended losses on Wednesday as the yen pushed higher against a backdrop of disappointment with Japan's latest fiscal and monetary stimulus measures.

▽Bank of England set to cut rates as survey flags sharpest UK downturn since 2009 | Reuters

Britain's economy is shrinking at its fastest rate since the financial crisis after last month's Brexit vote, making a Bank of England rate cut on Thursday a "foregone conclusion", a closely watched survey of businesses showed.

▽Jeremy Corbyn demands ministers renationalise Southern Rail | Daily Mail Online

Jeremy Corbyn today demanded the Government renationalise the Southern Rail franchise to ease the suffering of thousands of commuters.
The Labour leader said the cancellation of hundreds of scheduled services in an effort to ease the daily chaos should have triggered the end of Southern's tenure.