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World Business Report

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Italy's prime minister, Mario Draghi, has offered to resign after losing the support of populists. The country's markets have suffered at a crucial time for growth and recovery. So what effect will political instability have on the economy? Silvia Borrelli, a Financial Times journalist based in Milan, gives the latest, while manufacturing business owner Jonathan Grassi explains how the economy is coping where he's based. Throughout the programme we're joined by Cary Leahey, an economist at New York's Columbia University. Cary reflects on the latest from Sri Lanka, as President Gotabaya Rajapaska formally resigns. In Chile, soaring inflation has prompted the central bank to raise interest rates to an unprecedented 9.75%. Felipe Morande, a former minister, says it's partly down to huge fiscal stimulus measures. Elsewhere, American football is big business in Africa. Could the sport's inclusion at the Olympics bring players a share of the fortune? Alaezi Akpuru owns a flag football team in Lagos. She thinks so.

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