Prologue Journal – Page 32709 – Understanding current events through the lenses of the past and future.

Fashion Giant Shein Raises $2 Billion but Lowers Valuation by a Third

Wall Street Journal Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66 billion, about a third less than a year earlier. https://www.wsj.com/articles/fashion-giant-shein-raises-2-billion-but-lowers-valuation-by-a-third-1f8c316b

The Greatest NBA Prospect Since LeBron Gets His Next Home

Wall Street Journal San Antonio wins the draft lottery—and with it, the right to select the French sensation Victor Wembanyama. https://www.wsj.com/articles/victor-wembanyama-san-antonio-spurs-nba-draft-6b0fd593

Tencent Posts 10% Rise in First-Quarter Profit

Wall Street Journal Tencent Holdings’ net profit rose 10%, thanks to an improved domestic games business and continued growth in advertising revenue. https://www.wsj.com/articles/tencent-posts-10-rise-in-first-quarter-profit-ce4e8a22

GOP senators press Federal Reserve on climate agenda amid record inflation, banking uncertainty

Fox News EXCLUSIVE: A coalition of nine Senate Republicans led by Sen. Dan Sullivan, R-Alaska, sent a letter Wednesday morning to Federal Reserve Chair Jerome Powell, blasting the central bank for its climate agenda amid other pressing issues. Sullivan and the other Republicans criticized the Fed — which has a statutorily defined mission of promoting…

Source says no preparations for completion of ship vetting within grain deal underway

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. “Contacts on extension of the grain deal continue,” the source said https://tass.com/world/1618601

Russia to feature over 150 military products at MILEX 2023 arms show in Minsk

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. The Russian exposition at the arms show will comprise military products from 17 defense manufacturers https://tass.com/defense/1618595

African countries fed up with West’s demands to join sanctions on Russia — Lavrov

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. According to Russia’s top diplomat, “the statement about the West having isolated Russia means only one thing: the West considers itself the center of the universe” https://tass.com/politics/1618587

U.S. Volunteer Fighter Killed in Ukraine, Reports Say

Moscow Times Retired Army Staff Sergeant Nick Maimer, 45, is at least the ninth American killed in Ukraine since Russia invaded in February 2022. https://www.themoscowtimes.com/2023/05/17/us-volunteer-fighter-killed-in-ukraine-reports-say-a81169

Chinese special envoy’s trip by itself not enough to resolve Ukraine crisis, expert says

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. Sun Qi noted that it would require several trips by the envoy to overcome the sharp disagreements and effort and cooperation by the parties to the crisis and those embroiled in it https://tass.com/world/1618591

Russia Jails Foreigner 5 Years for Russian ‘War Fakes’

Moscow Times The Colombian man is the first foreigner known to be jailed under Russia’s laws against “fake news” about the military. https://www.themoscowtimes.com/2023/05/17/russia-jails-foreigner-5-years-for-russian-war-fakes-a81167