The Russian rouble weakened on Tuesday, struggling to consolidate a slight recovery from last week's slide as the market comes to terms with the prospect of lower export revenue amid restrictions on Russian oil.
The rouble lost about 8 per cent against the dollar last week and is on course for a monthly decline after an oil embargo and price cap came into force.
Russia's Finance Ministry has said the recent slump was related to recovering imports.
At the rouble was 1.2 per cent weaker against the dollar at 70.10 at 7.42am GMT, but still some way off the almost eight-month low of 72.63 struck last week.
“At the end of December, the rouble is likely to remain extremely volatile as the market will need to find a new equilibrium under changed trade flows and increased sanctions pressure,” BCS World of Investments said in a note.
“This week, the rouble is expected to fluctuate in the range of 68-71 [per dollar].”
Against the euro, the rouble lost 1.1 per cent to 74.35. Against the yuan, it was down 1.9 per cent at 9.95.
The rouble remains the world's best-performing major currency against the dollar this year, supported by capital controls and reduced imports.
Now, with exports and revenue falling, a weaker rouble is more beneficial, the Tass news agency quoted First Deputy Prime Minister Andrei Belousov as saying on Tuesday.
“The strong rouble has played its role,” Mr Belousov said. “In these conditions … it would be good to have a rouble rate of 70 to 80 per dollar.”
Brent crude, a global benchmark for Russia's main export, was up 0.4 per cent at $84.20 a barrel while Russian stock indexes were mixed.
The dollar-denominated RTS index was down 1.6 per cent at 961.3 points.
The rouble-based MOEX Russian index was unchanged at 2,139.5 points after touching its highest in about two weeks in early trade.
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Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
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UAE currency: the story behind the money in your pockets
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Brief scores:
Manchester City 2
Gundogan 27', De Bruyne 85'
Crystal Palace 3
Schlupp 33', Townsend 35', Milivojevic 51' (pen)
Man of the Match: Andros Townsend (Crystal Palace)
Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.
A semen analysis of the father showed abnormal sperm so the couple required IVF.
Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.
A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.
On day three of the process, 14 embryos were biopsied for gender selection.
The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.
Day five of the treatment saw two male embryos transferred to the patient.
The woman recorded a positive pregnancy test two weeks later.
Arctic Monkeys
Tranquillity Base Hotel Casino (Domino)
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Third Test
Result: India won by 203 runs
Series: England lead five-match series 2-1
UAE Falcons
Carly Lewis (captain), Emily Fensome, Kelly Loy, Isabel Affley, Jessica Cronin, Jemma Eley, Jenna Guy, Kate Lewis, Megan Polley, Charlie Preston, Becki Quigley and Sophie Siffre. Deb Jones and Lucia Sdao – coach and assistant coach.
MATCH INFO
Alaves 1 (Perez 65' pen)
Real Madrid 2 (Ramos 52', Carvajal 69')
NBA FINALS SO FAR
(Toronto lead 3-2 in best-of-seven series)
Game 1 Raptors 118 Warriors 109
Game 2 Raptors 104 Warriors 109
Game 3 Warriors 109 Raptors 123
Game 4 Warriors 92 Raptors 105
Game 5 Raptors 105 Warriors 106
Game 6 Thursday, at Oakland
Game 7 Sunday, at Toronto (if needed)
The Gentlemen
Director: Guy Ritchie
Stars: Colin Farrell, Hugh Grant
Three out of five stars
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
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The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
