Mindful Money’s news round-up: Monday 23rd May 2011

23rd May 2011

Story of the day:

From Reuters, how Toyota is trying to use social networking so consumers can be ‘friends' with their cars. Information technology and telematics are expected to play a key role in adding value to future cars, and become a marketing tool as consumers look for connectivity not just from their laptops and phones but also with their cars.

Toyota cars to be driver's "friend" in social network service

And the best of the rest:

The Telegraph is reporting on the relief from the travel companies that the ash cloud is unlikely to cause widespread disruption throughout Europe.

Travel sector relief over Iceland volcano ash cloud

However, in the Guardian, shares in listed airline groups were suffering this morning as the prospect of another volcanic ash cloud closing down UK airspace loomed into view.

Airline and holiday group shares fall on ash cloud fears

Also from the Guardian this weekend, the sale of Jimmy Choo, luxury shoe brand for 500m. Showing the strength of the luxury goods sector.

Jimmy Choo sold to Labelux for £500m

The Independent, is looking in to the emerging middle classes in the Bric countries, especially China. And UK fund managers are offering private investor the chance to make money from the explosion in the Chinese middle class.

China: Land of the rising middle classes

The Wall Street Journal writes about how the European markets are being affected by recent elections in Spain and the ongoing issue of eurozone debt problems.

Debt Fears Prompt European Selloff

This is Money is looking in to the underhand tactics being used by companies to lower their pension cost, but at the expense of their workers.

Workers cynically bribed into bad pensions

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