News Headlines - 04 August 2016

▽Strong yen weighs on Toyota profits - BBC News

Japanese carmaker Toyota has reported a 15% drop in its first quarter net profit with the strong yen weighing down the company's exports.
For the months from April to June the firm posted 552.5bn yen ($5.4bn, ￡4bn) in net profit, down from 646.4bn yen.

▽Bank of England Cuts Key Interest Rate to New Low - WSJ

The Bank of England cut its benchmark interest rate to the lowest in its 322-year history and revived a financial crisis-era bond-buying program to cushion the U.K. economy from the aftershocks of the vote to leave the European Union.

▽Head of child abuse inquiry quits — FT.com

Justice Goddard, who previously investigated police handling of child abuse in New Zealand, is the third person to resign from the investigation, raising deep questions about the pressures she has faced. It marks another crisis point in the effort to reveal the truth and justice for alleged victims of abuse stretching back decades.
Two previous chairs — the retired British judge Baroness Butler-Sloss and the former lord mayor of London Dame Fiona Woolf — stepped down following questions over their links with key figures in the establishment.

▽Spain arrests women as flashmob stunt sparks terror fears - BBC News

Five German women were arrested on Tuesday night when a flashmob stunt in a northern Spanish town sparked fears of a terrorism attack.
They have since been released but will be charged with public order offences.

▽Pakistani who captained Italian cricket team arrested for a terrifying crime - Daily Pakistan Global

Italian officials have expelled a Pakistani man who captained Italian youth cricket team on the allegation of plotting an Islamic State group backed terrorist attack.