Business week in pictures

Under the influence: the drinks industry's influence over the government's alcohol advisory panel was criticised this week. Minutes of the Government and Partners Alcohol Working Group, which meets bi-monthly and is chaired by the Home Office director of drugs and alcohol, show that drinks industry membership has massively increased under the coalition, putting it in a strong position to influence the coalition's forthcoming alcohol strategy Photograph: Dan Kitwood/Getty Images

HSBC group chief executive Stuart Gulliver speaks during a press conference in Hong Kong on Tuesday. He said 30,000 jobs would be lost across its global banking group over the next three years as he announced first-half profits up 3% at $11.5bn Photograph: Laurent Fievet/AFP/Getty Images

Counting the cost: a man salvages a guitar from his wrecked home in Joplin, Missouri, following the 22 May tornado. Natural disasters and political tremors make this year insurers' most expensive ever Photograph: Charlie Riedel/AP

A trader works on the floor of the New York Stock Exchange on Monday. The Dow rose during early morning trading on hopes of a new US debt deal in Washington but then took a stumble as bleak manufacturing data in the world's biggest economy unsettled investors Photograph: Andrew Burton/Getty Images

Falling out of fashion? Jane Norman womenswear from summer 2011. Almost 400 retail jobs were axed when Debenhams closed down 95 Jane Norman concessions in its department stores – a month after the young fashion chain collapsed into administration Photograph: PR

President Barack Obama makes a statement in the Rose Garden at the White House after Congress passed the US debt ceiling plan deal that Obama struck with congressional leaders Photograph: Alex Wong/Getty Images

Bad reflection: the crane on a construction site is reflected in office windows in Birmingham. Data showed that the building sector was still expanding last month but firms were reluctant to hire more staff Photograph: Darren Staples/Reuters

Adding to the basket: Jim McCarthy, CEO of Poundland, which is to create 120 jobs in Ireland this autumn, with the opening of four stores under the name Dealz
Photograph: Frank Baron/The Guardian

Feeling the heat: the Pandora jewellery chain has lost its shine after issuing a profit warning. Pandora reported that sales in US and the UK – two of its most important markets – declined in the second quarter Photograph: Pandora

Dollars in: Scottish entrepreneur Sir Tom Hunter, the one-time billionaire whose fortune was hit during the credit crunch, has consummated his relationship with the Sports Direct chain by splashing out on a £1m stake in the company Photograph: Murdo Macleod

Tourist prices: Switzerland has moved to counteract what the national bank called the 'massive overvaluation' of the Swiss franc. The measures – a huge increase in the supply of Swiss francs and a pledge that interest rates will be pegged at or near 0% – came as investors flocked to buy francs as a safe haven from the turmoil affecting the eurozone and the world economy Photograph: Denis Balibouse/Reuters

Beached: the summer plans of more than 60,000 holidaymakers were thrown into chaos on Wednesday after British tour operator Holidays 4 UK collapsed Photograph: Ellen Rooney/Axiom Photographic Agency/Getty Images

Going up: a worker uses the lift in the Lloyd's of London building, which has been voted London's favourite from the 1980s. The much derided 'inside-out' insurance headquarters was praised for its external lifts and exposed ducts Photograph: Dan Kitwood/Getty Images

Going down: the FTSE 100 plummeted in early trading on Friday as nervous investors dumped stocks amid fears about the strength of the US economy and the ability of European governments to contain the debt crisis Photograph: Katie Collins/PA