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World Business Report: First broadcast 21/03/2022 22:32 GMT : How is a UK debt to Iran connected to Nazanin Zaghari-Ratcliffe?

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Russian shoppers face shortages of some basic goods

First broadcast 21/03/2022 22:32 GMT 

First broadcast 21/03/2022 22:32 GMT : How is a UK debt to Iran connected to Nazanin Zaghari-Ratcliffe?

How is a UK debt to Iran connected to Nazanin Zaghari-Ratcliffe?

BBC World Service - World Business Report, How is a UK debt to Iran connected to Nazanin Zaghari-Ratcliffe?

The UK's paid a multi-million pound debt to Iran over a failed arms deal from the 70's.

First in this edition of The World Business Report - we look into how Nazanin Zaghari-Ratcliffe's release from custody in Iran is linked to the payment of a debt owed by the UK from the 70's. Rowena Abdul-Razak, DPhil in Oriental Studies at the University of Oxford takes up the story.

Then we take a look at the tragic  China Eastern Airlines Boeing 737-800 passenger plane crash in southern China. We asked our Business Correspondent Theo Leggat what was known about this crash.

Next, our regular US markets guest Peter Jankowskis of Arbor Financial talked us through what worried investors about Boeing's stock.

As Russia's war in Ukraine enters its second month, some essential goods - like sugar, flour and rice - are becoming harder to find, and much more expensive. Some regions have imposed limits on how much of certain staples customers can buy. The Russia editor of BBC Monitoring, Vitaliy Shevchenko, tells us what is and isn't on the shelves. Chris Weafer from the Moscow-based consultancy Macro Advisory explains to what extent we can blame Western sanctions for the shortages.

Over in Egypt, food prices are also on everyone's mind. The government in Cairo has imposed a cap on the cost of bread in shops. Maghdi Abdelhadi, a writer and broadcaster in Cairo, explains the huge importance of bread in Egypt.

Next,  we spoke to David Laborde, Senior Research Fellow at the International Food Policy Research Institute, and asked him first about what is happening in Egypt. He also gave us a deeper look into the importance of wheat.

Producer: Gabriele Shaw | Presenter: Jamie Robertson


(Photo: A Union Jack and an Iranian flag. Credit:Getty)

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First broadcast 21/03/2022 22:32 GMT : How is a UK debt to Iran connected to Nazanin Zaghari-Ratcliffe?

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