Macro advisory in moscow. He said the situation for the russian currency is unique. You should not be looking at it in the same way as if there was a slide in a normally functioning economy or a european economy. The rouble is entirely managed now by the central bank in conjunction with the Finance Ministry, and has been since we last saw the rouble collapse down to about 130 in march of last year. So the Central Banks priority last year was to keep the Rouble Exchange rate high at around 60, because it was tackling inflation, but this year, because of the sanctions impact and because that has led to a big hit on the value of russias oil exports in particular, they have devalued the rouble in order to compensate for that fall in dollar terms. In other words, weaker rouble translating dollars into a higher rouble amount to balance the budget. Thats been the priority this year. It doesnt reflect an imminent crisis. Sort of a broad collapse in the economy. Its the result of the central Ba
Football. They will have to compete for the best players. And what one club will play a lot of club will trump. The Transfer Fees will grow as the sport and the demand to watch it grows. Sport and the demand to watch it crows. ,. ,. , it grows. The tournament has been seen it grows. The tournament has been seen as it grows. The tournament has been seen as a it grows. The tournament has been seen as a watershed it grows. The tournament has been seen as a watershed moment for women sport and raises questions about investing in the next generation of footballers. Over the weekend australias Prime Minister pledged 200 million australian dollars, thats about a us two women sport. One perhaps overlooked area that is stopping women from getting into football has been facilities such as Changing Rooms many are old and they dont even have much privacy and were built for men back when there were far fewer female players. Katie silver has this report. A club two hours north does sydney women on t
System and, of course, in china as well. I think what it means also is that amongst all of the various imbalances in the economy in china right now, the Property Sector might be the weight on the economy that lasts the longest simply because it is going to be such a slow slog in terms of restructuring this debt. We have seen pictures of unfinished buildings, families and even sometimes having to squat in those buildings because they cannot afford to pay the rent and pay their mortgage on these properties. What can china do to try to boost this up . Somehow the key to this issue right now is to complete Unfinished Projects because this will at least keep some of the financing flowing. As you mentioned, many, many projects are presold and the households that buy those properties, they make Mortgage Payments even if they are not able to take delivery of the product but as construction has come to a halt, they stop making those and that means no Income Accruing to the Property Developer th
Yellowknife is now blanketed in smoke, and fires are burning close to the one major road into and out of the city. Rebecca alty is the mayor of yellowknife. She told us what things were like there. Right now, its residents are evacuating by road. As many people as possible are doing that. Theres also, for folks who dont have vehicles, we are starting the air evacuations, so flights. We still have commercial flights, so some people have booked onto a commercial flight, but we have the Evacuation Flights also starting at 1pm. So getting folks registered for thatjust began an hour ago. So folks have been good, theres long line ups i think there was kilometres worth of a line up, so a bit of a snail s place out of town, itsjust one road in, one road out. That highway is where the fire is, so the highway can close. But right now, it is open. So if the conditions change, if the smoke gets too heavy, if the fire were to approach the highway, the highway would be closed in the evacuation would