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
Out for a fresh one. there are more than 10,000 of these charging stations across taiwan, with more than a million of these batteries in them. that should mean goodbye to range anxiety. well, if my vehicle has a 100 kilometre range, i can only go 50 and then 50 back. which means that now you have a tether on your neck, everywhere you go, that s not a solution. we are solving for range anxiety also at the same time because you can just hop, hop, hop from point to point. this could be the answer to zero emissions personal transport for many of asia s huge megacities. and for this taiwan start up, the next stop is india. the world s largest contract electronics manufacturer, foxconn, made $33 billion us dollars in profit in the second quarter of the year
There are more than 10,000 of these charging stations across taiwan, with more than a million of these batteries in them. that should mean goodbye to range anxiety. well, if my vehicle has a 100 kilometre range, i can only go 50 and then 50 back. which means that now you have a tether on your neck, everywhere you go, that s not a solution. we are solving for range anxiety also at the same time because you can just hop, hop, hop from point to point. this could be the answer to zero emissions personal transport for many of asia s huge megacities. and for this taiwan start up, the next stop is india. rupert wingfield hayes. to the us, now where it s a big week for retail results, with the numbers due from some of america s biggest shops, giving us an opportunity to take the pulse of the us consumer. 0ur north america business correspondent michelle fleury is in new york for us.