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Foreign ExchangesDerek Davison2026-05-29

World roundup: May 28 2026

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You’re reading the web version of Foreign Exchanges. If you’d like to get it delivered straight to your inbox, sign up today:Subscribe nowTODAY IN HISTORYMay 28, 621: With only around 10,000 soldiers at his disposal, prince Li Shimin of the nascent Tang Dynasty defeats an army of the rival Xia regime that was at least ten times that size at the Battle of Hulao. Considered by some historians to be one of the most important battles ever fought, Hulao was the decisive engagement of the civil wars that followed the collapse of the Sui Dynasty and Li’s victory ensured that the Tang would emerge as the new ruling dynasty of China.May 28, 1905: A Japanese fleet decisively defeats a Russian fleet at the Battle of Tsushima, sinking 21 Russian vessels and capturing seven more while losing only three of its own. Tsushima is noteworthy in that it was the first naval battle fought between two fleets built around modern battleships using the telegraph for communications. It’s also noteworthy for the overwhelming nature of the Japanese victory, which brought the Russo-Japanese War to an end on Japanese terms, marked the beginnings of Japan’s imperial expansion, and caused a wave of “Yellow Peril” discourse to sweep through the West.Japanese painter Tōjō Shōtarō’s Battle of Tsushima, 1905 (Wikimedia Commons)MIDDLE EASTLEBANONThe Israeli military (IDF) killed at least 19 people in Lebanon in a bombardment that focused primarily on the southern city of Tyre overnight and then expanded all the way to the southern suburbs of Beirut by Thursday afternoon. This was the first IDF attack in the Be…