August 03, 2021
Lebanon's economic implosion and currency crisis have caused food prices to surge. Lebanon imports around 80 percent of the food it consumes, and so the sharp depreciation of the lira vs the US dollar has made some staples five times more expensive than when the economic crisis first hit in October 2019. This year's Ramadan was very painful for many Lebanese, as the cost of an Iftar meal — which Muslims break their fast with each day — has increased a whopping 300 percent in just two years. We take a look at how food prices have risen as a result of the plunging value of Lebanon's currency over the last 15 months.
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This week, Microsoft launched the Velocity Prize, a global competition designed to give students ages 13–16 an opportunity to demonstrate their computational thinking, coding, and creative problem-solving skills in Minecraft. Supported by Microsoft’s Digital Crimes Unit, the competition encourages students to build digital skills and learn how to use technology responsibly while exploring future opportunities in cybersecurity. By helping equip the next generation with the skills to navigate and shape the digital world, the Velocity Prize is helping build a pipeline of future problem-solvers who can contribute to a safer and more resilient digital ecosystem. Read more here.
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