Prologue Journal – Page 35987 – Understanding current events through the lenses of the past and future.

Your Wednesday Briefing

New York Times An outburst of tit-for-tat violence in Israel and the West Bank. https://www.nytimes.com/2023/07/05/briefing/west-bank-france-trials.html

New Zealand’s bind: Balancing Western security against Chinese trade

Washington Post New Zealand has so far managed to avoid China’s economic retaliation for political decisions. That could change if it’s asked to join phase two of the AUKUS pact. https://www.washingtonpost.com/world/2023/07/05/new-zealand-aukus-china-united-states/

New Zealand’s bind: Balancing Western security against Chinese trade

Air defence downs Shahed drone over Dnipropetrovsk Oblast at night

Pravda Ukraine Ukraine’s Air Defence Forces shot down a Russian Shahed drone over Dnipropetrovsk Oblast on the night of 4-5 July. Source: Serhii Lysak, Head of Dnipropetrovsk Oblast Military Administration, on Telegram Quote: “Defenders from Air Command Shid (East) shot down a drone over the oblast after midnight, downing a Shahed-136. https://www.pravda.com.ua/eng/news/2023/07/5/7409877/

Central Banks Right to Continue Tightening, Says Edmond de Rothschild

Wall Street Journal Central banks are right to keep raising interest rates to prevent inflation from reaccelerating, and this shouldn’t pose a major threat to the economy, Edmond de Rothschild Asset Management told Dow Jones Newswires. https://www.wsj.com/articles/central-banks-are-right-to-keep-raising-rates-edmond-de-rothschild-am-says-interview-5d5e4e43

Dozens of countries confirm participation in Eastern Economic Forum – Russian Deputy PM

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. “The work is already underway on arrival confirmation,” Yury Trutnev said https://tass.com/economy/1642697

Singapore’s Central Bank Posts Record Annual Net Loss

Wall Street Journal Singapore’s central bank posted a record annual loss due to the currency-translation effects of a stronger Singapore dollar and high interest expenses from mopping up excess liquidity in the banking system. https://www.wsj.com/articles/singapores-central-bank-posts-record-annual-net-loss-8b16893e

Dollar up to 89.6 rubles as Wednesday trading opens on MOEX

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. The euro exchange rate fell by 25.25 kopecks to 96.99 rubles https://tass.com/economy/1642695

Hong Kong Science Park to get extra 60 hectares of reclaimed land over 6 years for innovation and technology drive

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Area to be reclaimed will span more than three Victoria Parks. https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3226596/hong-kong-science-park-get-extra-60-hectares-reclaimed-land-over-6-years-innovation-and-technology?utm_source=rss_feed

All IDF troops withdraw from Jenin as operation finishes

Jerusalem Post https://www.jpost.com/breaking-news/article-748904