Prologue Journal – Page 35964 – Understanding current events through the lenses of the past and future.

Dollar unchanged at 91 rubles on Moscow Exchange

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. The euro grew by 2.75 kopecks, to 99.03 rubles https://tass.com/economy/1643141

Over half of 7,000 old Hong Kong buildings with inspection notices have yet to be reviewed, official says after second case of falling debris

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Director of Buildings Clarice Yu reveals 4,000 old buildings have not had their compulsory inspections. https://www.scmp.com/news/hong-kong/society/article/3226723/over-half-7000-old-hong-kong-buildings-inspection-notices-have-yet-be-reviewed-official-says-after?utm_source=rss_feed

What Sweden Could Mean for NATO, and for Russia

Wall Street Journal As Sweden waits for NATO to approve its membership, WSJ Sune Engel Rasmussen explains what the country can bring to the alliance and why Turkey and Hungary are blocking its application. https://www.wsj.com/articles/what-sweden-could-mean-for-nato-and-for-russia-6c96e136

Desire for Interest on Deposits Is Bad for Main Street Banks

Wall Street Journal Community banks expected the Fed’s interest-rate increases to help them, but instead they are hurting. https://www.wsj.com/articles/everyone-wants-interest-on-their-deposits-thats-bad-for-main-street-banks-1131f1b3

Sagard Adds Mideast, Canadian Backers to Ownership Ranks

Wall Street Journal Abu Dhabi sovereign wealth investor ADQ and the Bank of Montreal are acquiring minority stakes in the asset manager and insurer Great-West Lifeco is increasing its stake. https://www.wsj.com/articles/sagard-adds-mideast-canadian-backers-to-ownership-ranks-ee5087c2

As Greedflation Starts to Fade, Wageflation Creeps In

Wall Street Journal Softer demand, more supply and rising labor costs all take the air out of profit margins. https://www.wsj.com/articles/as-greedflation-starts-to-fade-wageflation-creeps-in-1adb7b9c

The West Again Learns That War Needs Industry

Wall Street Journal To handle newly aggressive adversaries without exploding national budgets, Washington and its allies need to try fresh approaches to developing, buying and maintaining military supplies. https://www.wsj.com/articles/the-west-again-learns-that-war-needs-industry-33c8ca88

‘Tunisia is not outside democracy,’ country’s top diplomat says

Washington Post Tunisian Foreign Minister Nabil Ammar spoke to The Washington Post on issues ranging from attacks on migrants from sub-Saharan Africa to concerns about the state of Tunisian democracy. https://www.washingtonpost.com/world/2023/07/06/tunisia-is-not-outside-democracy-countrys-top-diplomat-says/

Defence forces strike 14 clusters of Russian manpower – General Staff report

Pravda Ukraine Over the past day, Ukrainian defenders struck 14 areas where Russian military personnel were concentrated. Source: General Staff of the Armed Forces of Ukraine on Facebook, information as of 06:00 on 6 July Details: Over the past day, the Russian occupiers launched attacks with five Iranian-made Shahed attack UAVs. https://www.pravda.com.ua/eng/news/2023/07/6/7410039/

Taiwan’s major political parties name more legislative candidates

Taipei, July 6 (CNA) The major political parties in Taiwan on Wednesday announced a slew of candidates for the January 2024 legislative elections, mostly in areas outside the capital Taipei. https://focustaiwan.tw/politics/202307060005