THE HAGUE. - Dutch meat wholesaler Willy Selten was arrested yesterday for allegedly selling 300 tonnes of horsemeat labelled as beef, the public prosecutor said.
“The director and the interim director have been arrested,” a statement said. “They are suspected of false accounting and fraud.”

JOHANNESBURG. — In  line with forecasts ahead of the launch of its new devices, smartphone manufacturer, BlackBerry has reported an overwhelming response to the gadgets.
Responding to questions from CAJ News, BlackBerry managing director for South Africa and Southern Africa, Alexandra Zagury, said since the launch of their new BlackBerry 10

LONDON. — Britain’s economy expanded by 0,3 percent in the first quarter of 2013, official data confirmed yesterday, returning to growth and avoiding its third recession since the 2008 global financial crisis.

MAPUTO. — Global mining giants Vale and Rio Tinto have neglected thousands of Mozambicans who have been moved from mining areas and resettled without proper homes or income, Human Rights Watch alleged yesterday.

ROME. — Italy’s exports to countries outside the European Union fell by 0,7 percent in April from the March level, dampening hopes that sales abroad will spur recovery in the recession-hit country.

MADRID. — Borrowing costs for Spain crept higher yesterday as the recession-hit country made big inroads into financing state spending for 2013.
The Spanish treasury raised 4,076 billion euros in a sale of bonds expiring in three, five and 13 years. But demand for the bonds eased off and the Treasury had to offer a

MTN and Absa have partnered in the fight against Sim Swap fraud cases. Yesterday, the mobile network operator and banking firm, respectively, formulated a task team that will devise new ways to rapidly clamp down on the problem

THE Dangote Group announced plans to invest more than US$600 million in the production of sugar in three northern states of Nigeria.
Billionaire businessman Aliko Dangote who said the investment would increase sugar production to about 65 million tonnes of sugar and create about one million jobs, said the

French prosecutors grilled IMF chief Christine Lagarde in a Paris court yesterday to decide if she should be charged over a state payout to a disgraced tycoon during her time as finance minister.

The south African Reserve Bank held interest rates unchanged yesterday in the face of high inflation, while warning of major risks to already mediocre growth.
Reserve Bank governor Gill Marcus said the main interest rate would stay at 5 percent, despite the bank cutting its growth forecasts for the year.

Britain’s economy expanded by 0,3 percent in the first quarter of 2013, official data confirmed on Thursday, returning to growth and avoiding its third recession since the 2008 global financial crisis. Gross domestic product grew in the January-March period, after falling by 0,3 percent in the final three months of 2012, the Office for National Statistics said