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Lebanon鈥檚 inflation rate the highest in the world

Lebanon is going through an unprecedented economic crisis

Lebanon鈥檚 inflation rate has become the highest in the world, according to the latest figures from the Lebanon Central Administration of Statistics. Tala Ramadan, a journalist in Beirut, explains how ordinary people in Lebanon are trying to get by, as fuel, food and internet connection become ever more scarce. Also in the programme, a multi-billion dollar project to build a new electric train line to link Egypt's Red Sea and Mediterranean coasts, due for completion in 2027, is being described as the Suez Canal on rails. Mohamed El Assar is an Egyptian journalist at Fortune magazine, and explains the background to the project. Siemens is one of the contractors on the rail line, and its chief executive, Roland Busch discusses the potential economic benefits it might bring to Egypt. And Professor Wei Liang, who specialises in international trade at the Middlebury Institute of International Studies at Monterey in California considers whether the line is likely to become a genuine alternative to the Suez Canal. Plus, the east African nation of Kenya has become the first market in which video streaming platform Netflix has launched a free service, in a bid to persuade people to sign up to a full subscription. Kenyan technology blogger Kaluka Wanjala tells us how significant a move this is.

(Picture credit: Getty Images.)

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27 minutes

Last on

Wed 22 Sep 2021 22:32GMT

Broadcast

  • Wed 22 Sep 2021 22:32GMT