Aug 3, 2026, 04:30 AM UTC

US President Donald Trump has confirmed that Washington participated in a joint currency market intervention to support the Japanese yen, calling the move a "signal of friendship" that benefits both the American and global economies. The coordinated action follows the yen dropping to its lowest level against the US dollar in 40 years.

The operation marks the first combined foreign exchange intervention between the United States and Japan in nearly three decades. Financial reports indicate the Federal Reserve Bank of New York executed market trades to stem the Japanese currency's sharp devaluation. Japanese Finance Minister Satsuki Katayama previously stated the intervention aimed to curb excessive exchange rate volatility, adding that Tokyo remains in close consultation with US authorities.

Sources: FAZ, France24, ORF, RTP.

At least 35 people were killed on Sunday following a drone strike on a community court in North Darfur, according to a legal rights organization.

The attack targeted the village of Garra al-Zawaya, an area currently controlled by the paramilitary Rapid Support Forces (RSF). The independent group Emergency Lawyers reported that the strike occurred during the afternoon while civilians were gathered for local court proceedings. Multiple other individuals sustained injuries in the bombardment.

The rights group attributed the drone strike to the Sudanese regular army, which has been engaged in a violent power struggle against the RSF since April 2023. Military officials have not publicly responded to the allegations.

Sources: RTP (Rádio e Televisão de Portugal), France24.

South Korean retail investors are experiencing significant financial stress following a sharp downturn in artificial intelligence stocks. The sudden market contraction has caused severe volatility on the country's benchmark Kospi index, wiping out gains for many individual traders who had heavily invested in the sector during its recent surge.

Reports indicate that retail market participants, drawn by rapid growth in AI-related equities, now face severe losses as valuations recalibrate. Financial analysts point to the downturn as a stark reminder of the risks associated with speculative retail trading during thematic market bubbles. Despite earlier momentum surrounding technology shares, the sudden shift highlights the vulnerability of individual portfolios to market swings.

Sources: The Irish Times.

A magnitude 5.1 earthquake struck northeastern Egypt overnight, shaking areas near the capital city of Cairo. According to reports from the United States Geological Survey (USGS), the epicenter was located at a shallow depth in the region northeast of Cairo.

Significant seismic activity remains relatively uncommon across North Africa, though tremors of this intensity can be felt across densely populated urban centers. There were no immediate reports of major structural damage or casualties in the capital or surrounding provinces following the overnight tremor. Local authorities and monitoring agencies continue to observe the situation for potential aftershocks.

Sources: FAZ.

Former aerospace engineer Iñigo Larrea has transitioned from programming aircraft software at a multinational corporation to developing 3D-printed food technology at a startup based in Navarre, Spain. Larrea joined the venture to focus on creating alternative food products, including 3D-printed steaks and chicken bacon, using advanced additive manufacturing techniques. Despite initial skepticism from colleagues and acquaintances regarding the viability of printed meat, the company aims to apply engineering principles to the food technology sector, developing novel methods to replicate traditional meat textures and structures.

Sources: El Mundo