Japan and US confirm rare joint intervention to prop up yen
US President Donald Trump says helping to bolster the Japanese currency is a sign of friendship.
![Japan's Finance Minister Satsuki Katayama speaks to the media about the US-Japan joint forex action upon her arrival at the Finance Ministry in Tokyo. [Issei Kato/Reuters]](/wp-content/uploads/2026/08/2026-08-02T233755Z_609247456_RC2NQMATKU91_RTRMADP_3_JAPAN-YEN-1785717755.jpg?resize=770%2C513&quality=80)
US President Donald Trump says helping to bolster the Japanese currency is a sign of friendship.
![Japan's Finance Minister Satsuki Katayama speaks to the media about the US-Japan joint forex action upon her arrival at the Finance Ministry in Tokyo. [Issei Kato/Reuters]](/wp-content/uploads/2026/08/2026-08-02T233755Z_609247456_RC2NQMATKU91_RTRMADP_3_JAPAN-YEN-1785717755.jpg?resize=770%2C513&quality=80)





![Foreign ministers and senior officials from partner countries gather during the BRICS foreign ministers’ meeting at the Bharat Mandapam in New Delhi on May 14, 2026 [AFP]](/wp-content/uploads/2026/05/afp_6a06f56b4041-1778840939.jpg?resize=770%2C513&quality=80)

Dangote’s planned East Africa refinery will model his recent mega project in Nigeria’s Lagos.
Several African countries have sought financial help due to economic uncertainty caused by the war on Iran.

OpenAI CEO Sam Altman says the world “urgently” needs global regulation of fast-evolving AI.

An Indian university is facing backlash for presenting a Chinese-made robotic dog as its own innovation at an AI summit.
Donald Trump’s trade tariffs have failed to hold back China’s export dominance, which scaled new heights in November.
Four new labour codes come into force as India seeks to attract investment and strengthen manufacturing.
It is a strategic move in advance of new round of tricky trade talks with the US.
Latest move underscores efforts to normalise ties and draw closer in wake of Trump’s policies, stiff tariffs.
By attacking Brazil’s sovereignty, Trump may have handed the leftist president a political and diplomatic opportunity.
Another 36 workers remain in hospital with burns and other injuries after the blast and fire at the Sigachi factory.