1st July 2011
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.
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.
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.
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.
The BBC News is reporting how manufacturing is down worldwide:
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.
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.
The Wall Street Journal is reporting on who is staying and who is going in the financial world: