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
time for a look at the business news now. we the business news now. have growth on the agendi we start in the us where we ve learned today than the world s largest economy grew by an annualised rate of 3.3% in the last three months of 2023. the growth figure was higher than expected. as always the big question is how this will feed into the us central bank the federal reserves next move on the cost of borrowing. michelle fleury is in new york for us. take us into the detail of the growth figures to begin with. where did this surprisingly high figure come from? $5 did this surprisingly high figure come from? did this surprisingly high figure come from? ~ , i. ., come from? as you said, in the final three months come from? as you said, in the final three months of come from? as you said, in the final three months of last come from? as you said, in the final three months of last year come from? as you said, in the final three months of last year on - come from? as yo
coming out of a very weak covid year, that is weak. gdp is much lower at 3.6%. china is really entering a structural slowdown. old growth drivers of property completely gone. a massive drag on the economy. now shifting to a new growth model, something leaning more into exports, evs. evs. .. also covid lockdowns lasted much longer evs. .. also covid lockdowns lasted much longer than evs. .. also covid lockdowns lasted much longer than other evs. .. also covid lockdowns lasted much longer than other parts - evs. .. also covid lockdowns lasted much longer than other parts of. evs. .. also covid lockdowns lasted | much longer than other parts of the world and we are in a situation now where there is deflation in china. i wonder, in this mix, one of the other things we have been reporting todayis other things we have been reporting today is that the chinese population is in decline. it felt last year for the second year in a row. does not play a role in these figures, do you
good morning, everyone. welcome to cnn this morning. it is sunday. my favorite day of the week, may 14th. i m amara walker. i m victor blackwell. happy mother s day to you. happy mother s day to you. thank you so much for spending part of your day with us. here is what we are watching for you. a ceasefire appears to be holding between israel and the islamic jihad after days of violence. more than 30 defensive end deaths. the likely hood this holds and the reaction from the biden administration. i think we are moving along. hard to tell. we are not reaching the crunch point yesterday. president biden and republican leaders expected to meet this week as they rush to avoid an unprecedented debt default. the warning coming from the white house as that crucial june 1st date inches closer. officials on the u.s./mexican border say they have not yet seen the chaos they were expecting after the expiration of title 42. speculation as to why things have been calmer than ex
just faced a judge standing in court in shackles, his family also in the courtroom. what we re learning this hour about when he got his top secret clearance are a stage now set for some big name republicans trump desantis haley pence, all heading to the gun convention of america s gun violence crisis right now, parisian authorities are tightening security as protesters prepare to learn the fate of the pension reform changes they ve been fighting against four weeks. these major stories and more right here on cnn news, central. this just in to cnn court documents show that dak jack to share a had top secret clearance . 20 run your 21 year old massachusetts air national guardsman appeared in a boston federal courtroom this morning. he has now been charged with allegedly being behind that massive leak of classified military documents, according to new detail from uh, new deal t of detail from court this morning to share allegedly began posting the documents around december of las