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Daily News Round Up 25/06



The Artesian blog takes a look at the morning headlines:



Credit crunch takes toll on super-rich
- The ranks of the world’s super-rich have been shredded by the credit crunch, undermining the theory that the wealthy are better at holding on to their money.

The global population of “ultra high net worth individuals” – defined as those with at least $30m (€22m) to invest – shrank by nearly 25 per cent in 2008 to 78,000, according to the latest World Wealth Report produced by Merrill Lynch and Capgemini. The collective net wealth of these super-rich slumped by 24 per cent after a year of bank crises, government bail-outs and stock market routs. (full story)


BBC fails to account for hidden expenses - The BBC is poised to provoke a fresh row over expenses by refusing to disclose how much its executives spend on entertainment for their stars.

Days after MPs caused public outrage by blacking out details of their expenses, the BBC is refusing to reveal how much is spent on hospitality and gifts for its best-paid celebrities. (full story)



Woolworths reborn online
- Woolworths, the 100-year-old sweets-to-DVD retailer that collapsed earlier this year, will on Thursday be revived as an online business by the country's biggest home shopping retailer, Shop Direct, which bought the brand name in February.

Woolworths.co.uk will feature a main shop selling children's toys and clothing, an entertainment store, which sells video games, DVDs and CDs, as well as a party goods outlet selling fancy dress costumes, games and the iconic "pic n'mix" sweets, now known as "click n' mix." (full story)


Salads 'rival Big Macs for fat' - Pre-packed salads are often not the healthier option, with some supermarket items higher in calories and fat than a Big Mac and fries, a report warns.

Researchers from Which? magazine looked at 20 salads from the major outlets and found many contained a large proportion of the recommended daily intake of fat. (full story)



Does Saturn moon hide watery caverns - and life?
- Saturn's icy moon Enceladus could contain watery underground caverns, forming a potential home for alien life, say scientists.

German researchers have found salt - a signature chemical for seawater - in ice grains from vapour jets streaming out of surface cracks, providing the strongest evidence yet of a liquid water reservoir beneath the moon's frozen crust. (full story)

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