Mindful Money’s news round-up: Friday 1st July 2011

1st July 2011

Story of the day:

From the Guardian, challenging economic conditions – including pub closures and the contraction of the high street – have undermined the plans of PepsiCo to sell healthier products in Britain, a report revealed on Friday.

Ailing economy hits PepsiCo health drive

And the best of the rest:

The sexual assault case against Dominique Strauss-Kahn is on the verge of collapse as investigators have uncovered major holes in the credibility of the housekeeper who charged that he attacked her in his Manhattan hotel suite in May, according to two well-placed law enforcement officials, according to the New York Times.

Strauss-Kahn Case Seen as in Jeopardy

In the Telegraph they are discussing the Bribery Act that has come in to action today and what businesses can do avoid breaking the new act – Employers and their employees must beware of a new law that comes into effect today which makes it a criminal offence not just to give or take bribes, here or overseas, but also to fail to take steps to prevent this.

10 DIY tips to avoid breaking the Bribery Act

Also in the Telegraph, Google has closed invitations to join its new Facebook-style social network just a day after it launched, after it received "insane" levels of demand for the service.

Google sees 'insane' demand for invites to its Google+ social network

The BBC News is reporting how manufacturing is down worldwide:

Eurozone manufacturing growth at 18-month low

China manufacturing slows as Beijing reins in growth

Japan Tankan survey shows business sentiment declining

Today on Reuters, as Europe struggles to put together a second bailout of Greece, to supplement the rescue effort launched last year, the crisis may force a second bailout of another indebted country in the region: Ireland.

Analysis – Weak economy may force second bailout of Ireland

Also from Reuters, The Queen became the latest to face a funding squeeze on Thursday when the government proposed changes to how it pays for royal trips and engagements.

Even the Queen faces funding squeeze

The Wall Street Journal is reporting on who is staying and who is going in the financial world:

UBS to Appoint Weber as Chairman in 2013

Geithner Toys With Leaving

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