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
giantjoint microsoft, meta and alphabet delivering a surprisingly strong report card. if the sales and profits surpassed wall street expectations, continuing a trend in big tech that is lifted buckets across the board. amazon has been aggressively cutting costs to help boost profitability. it is already laid off 18,000 people and is currently about to eliminate another 9000 jobs and it would appear that some of those measures are already paying off. as the retail giant posted earnings that beat investor expectations. is on s cloud computing business which did not grow as much is expected did very well in the first three months of this year, as did its advertising business amazon s. even retail, a core part of their business, exceeded expectations. the boom in online shopping during the pandemic has waned and people are going back into stores but amazon was still able to get customers to its website, as recent figures show consumer spending in america remains steady. but wh
Think the market should focus on that and where the Gas Prices are for the coming year, a very similar level. This is there, it is not going away. In terms of inflation, the impact on energy, we are not seeing it filter through, we are not seeing it filter through, we are not seeing it filter through, we are not seeing it have an effect as it might have done in another winter when the market was tighter. Market was tighter. Thank you very much. Market was tighter. Thank you very much Lng Market was tighter. Thank you very much. Lng Editor Market was tighter. Thank you very much. Lng editor at market was tighter. Thank you very much. Lng editor at an market was tighter. Thank you very much. Lng editor at an energy much. Lng editor at an energy intelligence firm. Let us turn to ai. Intelligence firm. Let us turn to al. The International Monetary Fund has warned 40 of alljobs Around The World will be impacted by ai. It says the effect is more pronounced in the developed world where 60 of