Prologue Journal – Page 38876 – Understanding current events through the lenses of the past and future.

Hate crimes in US surged 11.6% in 2021

Jerusalem Post Officials said the top five hate crime categories reported for 2021 were anti-Black, anti-white, anti-gay male, anti-Jewish and anti-Asian. https://www.jpost.com/american-politics/article-734195

UK approves increased submarine-related exports to Taiwan, risking angering China

Reuters Reuters exclusively reported that Britain approved a sharp increase in exports of submarine parts and technology last year to Taiwan as it upgrades its naval forces, a move that could impact British ties with China. The value of licences granted by the British government to companies for the export of submarine-related components and technology…

Reuters exclusively reported that India will discourage foreign trade settlement in Chinese yuan

Reuters Reuters exclusively reported that India has requested banks and traders avoid using Chinese yuan to pay for Russian imports, due to long-running political differences with its neighbor. India, a top buyer of Russian oil and discounted coal, would prefer the use of United Arab Emirates dirhams to settle trade. Last year India’s biggest cement…

Russian rouble soars as US banking intervention hurts dollar

Jerusalem Post “The key event of the week is Friday’s central bank rate decision, where we do not expect to change, with the hawkish rhetoric to remain,” said Dmitry Polevoy, head of investment at Locko-invest https://www.jpost.com/business-and-innovation/banking-and-finance/article-734190

Biden says to do ‘whatever needed’ as banks hit despite SVB action

Jerusalem Post US regulators on Sunday stepped in after the collapse of SVB – the largest US bank failure since 2008, which suffered a run after a big hit on a portfolio of bonds. https://www.jpost.com/breaking-news/article-734178

Zelensky: Ukraine seeks ‘spiritual independence,’ acts against church

Jerusalem Post Zelensky and other Ukrainian leaders have accused the long-established Ukrainian Orthodox Church of undermining Ukrainian unity. https://www.jpost.com/christianworld/article-734138

Signature Bank collapses after SVB in biggest US bank failure since 2008

Jerusalem Post Biden on Sunday hinted at new regulation of big banks after the biggest US bank failure since the 2008 financial crisis, but faces a divided Congress. https://www.jpost.com/business-and-innovation/banking-and-finance/article-734137

SVB collapse shows Israeli hi-tech should stay in Israel – opinion

Jerusalem Post The lesson from this should be that despite domestic turmoil or geopolitical threats faced, Israeli entrepreneurs are safer with their money at home https://www.jpost.com/business-and-innovation/opinion/article-734109

Israeli SVB branch closes after collapse, dozens laid off

Jerusalem Post Experts warned that following the collapse, Israeli startups will face decreased valuation and increased competition for funding. https://www.jpost.com/business-and-innovation/banking-and-finance/article-734064

Israel stocks slip on SVB failure, government vows aid for tech firms

Jerusalem Post Israel’s tech sector is the country’s main growth engine and its relationship with the Silicon Valley region is strong. Many Israeli startups had accounts at SVB although the amounts are unconfirmed. https://www.jpost.com/business-and-innovation/banking-and-finance/article-734059