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World Business Report: First broadcast 2017/07/17 00:06 GMT: European Investigation Busts Horsemeat Racket

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European investigation busts horsemeat racket

First broadcast 2017/07/17 00:06 GMT

First broadcast 2017/07/17 00:06 GMT: European Investigation Busts Horsemeat Racket

European Investigation Busts Horsemeat Racket

BBC World Service - World Business Report, European Investigation Busts Horsemeat Racket

Over 60 people have been arrested in Spain following a four-year investigation

Over 60 people have been arrested in Spain following a four-year investigation.

Over 60 people have been arrested in Spain accused of involvement in the sale of horse-meat across Europe. The scandal is a part of the continuing investigation that has been rolling across the continent since 2013, when it first emerged that horse-meat was, in places, being disguised as beef or was unfit for human consumption. Chris Van Steenkiste, the head of Europol's intellectual property crime unit, talks about the investigation that has covered eight countries.

How much damage could a worst-case scenario cyber attack cause? The members of the insurance market Lloyd's of London have to consider such questions when working out how much to charge for cyber insurance. Inga Beale, the chief executive of Lloyd's, says that in a new report, they have put the potential economic impact at $53 billion.

In April, Pakistan's Supreme Court ordered an investigation into the revelation that three of Prime Minister Nawaz Sharif's children owned offshore companies and assets not shown on his family's wealth statement - including several apartments in Mayfair, London. Today, the Joint Investigation Committee, set up by the Supreme Court, releases its report into what they uncovered. Wall Street Journal's Pakistan correspondent, Saeed Shah, explains what is in the report and what happens next.

(Photo: Horse-meat sold in a butcher's in Germany. Credit: AFP)

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First broadcast 2017/07/17 00:06 GMT: European Investigation Busts Horsemeat Racket

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