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
Along the coastline a once busy town lays lifeless. What lahaina is nothing but ashes. Officials are combing through what is tloeft find the dead. What is left to find the dead. There is a lot of loss here and we are going to see higher numbers as our professionals and maui fire and police to theirjob. For those who survived, hope can be found in prayer. People have gathered in makeshift churches to provide support. Before we come to church, we are like. Why did this happen . But today, you know, because of his words, the pastor, it brings me more. I feel more comfortable and more at peace. But questions are being asked why residents were not warned about the fires. Were Early Warning systems used or did they malfunction . Everyone said the same. Thing, we had no warning, no evacuation notice. So a lot of people i were not prepared. By the time they find i out it was time to go, it was almost too late. There is a review under way to work out what happened. It will take years for the is
palestinians in the gaza strip appears to be holding, despite some reports of fighting. the agreement was brokered by egypt. it follows five days of violent exchanges which have killed at least 33 palestinians in gaza and two people in israel. the truce, which as you see here prompted celebration in the streets, includes a commitment by israel to stop so called targeted assassinations. in return, israel reportedly demanded a complete halt to rocket fire by palestinian militants at its civilians. however, just hours after islamichhad militants confirmed a ceasefire was in effect, a rocket was fired from the gaza strip, prompting rocket warning sirens across a region of southern israel. it s not yet clear who fired the rocket, but it is worth noting that several smaller militant palestinian groups are opposed to the truce brokered earlier in the day. a reminder, though, that for now the ceasefire does appear to be holding. in the past few minutes the white house has issued a st
Everywhere. a lot of kids - translation: dead bodies were everywhere. a lot of kids lost - everywhere. a lot of kids lost their lives and bulldozers were crushing people to death. i saw snipers shooting a queue of people who were raising their hands in surrender and leaving the sit in. humanity was killed in egypt that day. the sit in. humanity was killed in egypt that day- the sit in. humanity was killed in egypt that day. having spent five ears in egypt that day. having spent five years behind in egypt that day. having spent five years behind bars - in egypt that day. having spent five years behind bars he - in egypt that day. having spent five years behind bars he now | five years behind bars he now lives in the uk. he was among many protesters and members of the muslim brotherhood who either ended up injail or either ended up in jail or exile. either ended up injail or exile. the authorities claim those occupying the area had an arsenal of weapons. some claim that make something