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Europe horsemeat scandal spreads to Asia

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Map showing the main countries, distributors and brands affected by the horsemeat scandal. AFP

Europe’s horsemeat scandal spread Wednesday to Asia where an imported lasagna brand was pulled from the shelves in Hong Kong, as Czech officials ordered similar action on frozen meals mislabelled “beef.”

Posted: February 21st, 2013 in Latest Business Stories,Photos & Videos | Read More »

French government attacked over threat to Mittal

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Riot policemen surround demonstrating workers from Arcelor Mittal in front of the National Assembly in Paris on Nov. 28, 2012. The head of France's largest employers' union on Thursday slammed as "blackmail" a threat by the state to take over a plant owned by steel tycoon Lakshmi Mittal, amid outrage in Mittal's native India that he was a victim of racism.  AP PHOTO/REMY DE LA MAUVINIERE

The head of France’s largest employers’ union on Thursday slammed as “blackmail” a threat by the state to take over a plant owned by steel tycoon Lakshmi Mittal, amid outrage in Mittal’s native India that he was a victim of racism.

Posted: November 30th, 2012 in Latest Business Stories | Read More »

France’s Hollande threatens nationalization in Mittal row

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French Minister for Industrial Recovery Arnaud Montebourg leaves Pollutec, an international exhibition of environmental equipment, technologies and services, in Lyon, central France, Tuesday, Nov. 27, 2012. Many European countries with lagging economies are trying to draw in foreign investors. But in France, a Socialist minister says he wants to kick the world's biggest steel maker out of the country, accusing it of lying to the government.  AP PHOTO/LAURENT CIPRIANI

PARIS—French President Francois Hollande threatened Tuesday to nationalize a plant owned by steelmaker ArcelorMittal in an increasingly heated dispute in which ministers have said the multinational is no longer welcome in the country. Moments before talks steel tycoon Lakshmi Mittal, Holland said that nationalizing ArcelorMittal’s plant in northeastern France remained on the table. “The nationalization […]

Posted: November 28th, 2012 in Latest Business Stories | Read More »

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