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Business Matters: Brazil Meat Giants 'Sold Rotten Beef and Poultry'

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EDITED meat 17th march.jpg

18/03/2017 GMT

Brazil Meat Giants 'Sold Rotten Beef and Poultry'

BBC World Service - Business Matters, Brazil Meat Giants 'Sold Rotten Beef and Poultry'

Police claim two of the world's biggest meat producers have been selling rotten products

Authorities have closed three meat-packing plants in Brazil amid allegations that two of the world's biggest meat processors have been selling rotten beef and poultry for years.

Three factories belonging to Brazilian meat giants BRF and JBS have been raided and closed down by police investigating reports that the companies have been bribing officials and politicians to ignore rotting and substandard meat. It has the potential to undermine a $12bn industry which exports all over the world.

US President Donald Trump and the German Chancellor Angela Merkel have held their first face-to-face meeting. They emerged stating their commitment to defence spending and emphasising the need for fair, free trade deals. Meanwhile, US Treasury Secretary Steve Mnuchin has been meeting global finance counterparts from the G20 group in Baden Baden, Germany, to calm fears of a global trade war. Dennis Snower is an American economist and president of the Kiel Institute for the World Economy in Germany.

The boss of anti-money laundering firm Accuity, Hugh M Jones the Fourth, tells us about his battle against the "bad guys" who use regular banks to hide their ill-gotten gains, and Kai Ryssdal of Marketplace talks to the director of a new documentary about US hedge fund titan Bill Ackman.

The latest edition of 'Trumponomics' is back, including why a quarter per cent interest rate rise by the US Federal Reserve matters for the rest of the world.

Plus, how much sleep do you get? Researchers say anything less than eight hours is not only as dangerous as drink driving, but could also be harming global productivity.

Alex Ritson is joined throughout the programme by Elizabeth Jackson of ABC in Sydney, Australia.

(Photo: A cut of ribs and meat. Credit: Mauricio Lima/AFP/Getty Images)

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