Morning Edition · Sunday, August 2, 2026
Macro
US and Japan Jointly Buy Yen to Halt Its Slide, First Coordinated Intervention Since 2011
The yen strengthened to 157.40 per dollar after the Federal Reserve Bank of New York sold euros for yen on Washington's behalf, days after the currency approached its weakest level against the dollar since 1986.
Geopolitics
Trump Halts Fresh Iran Strikes, Citing Gulf-Backed Outline for Reopening Hormuz
The United States president said Middle Eastern allies had agreed on the outline of a deal to end the five-month conflict, with Saudi Arabia pressing hardest to prevent an attack on Iran's energy sites.
Geopolitics
Ukraine Launches Mass Overnight Drone Strikes as Russia Reports 635 Intercepts
Russia's Defense Ministry said air defenses destroyed drones over 16 regions, while a strike restricted operations at the Ufa refinery and struck a Wildberries logistics warehouse.
Macro
Volkswagen Turns to Headhunters to Place Hundreds of Managers It Is Cutting
Germany's largest carmaker has approached recruitment firms to find outside jobs for departing executives as it carries out a major restructuring.
World
Bomb Kills Three Outside Moscow Restaurant Hosting Military Officers
A woman carrying an explosive device hidden in a gift box died in the explosion along with a security guard and a customer, and more than 20 people were wounded.
World
Tens of Thousands Cross From Morocco Into Spain's Ceuta, Straining EU Borders
At least 57 migrants died and roughly 60,000 crossed from Morocco into the North African enclave, prompting Spain to deploy the military and Prime Minister Pedro Sánchez to travel to the territory as a dispute with Brussels over the European Union's external border intensified.
Markets
Brokerage Sees Indian Textile Exporters Gaining as Sourcing Shifts From China
Nuvama began coverage of KPR Mill and two other textile firms with buy ratings, projecting potential gains of up to 35 percent as global supply chains realign.
Geopolitics
Israeli Strikes Kill Eight in Gaza Days After Hamas Disarmament Framework
The strikes followed a 15-point plan from Trump's Board of Peace, as Israel and Hamas remained divided over which side must act first.
Markets
India Enters Peak Earnings Week With 573 Companies Reporting June-Quarter Results
Infosys, State Bank of India, Bharti Airtel, and Titan are among the firms whose results will test the domestic-demand argument that supports Indian equities.
Tech
Baltic Startups Move to Fill Europe's Defense Gap on NATO's Eastern Flank
Entrepreneurs are building drones and deterrence technology to fill gaps that traditional arms contractors have left as the United States withdraws forces from Europe.
Markets
Goldman Sachs Points Investors to Space Beyond Rocket Launches
The bank argues that the larger opportunity is in satellites, orbital broadband, and defense applications, while cautioning that high valuations bring extreme volatility.
World
Extreme Heat Claims a Life Among Survivors of Japan's Kumamoto Earthquake
An elderly woman died of suspected heatstroke while sheltering in a car, the latest death as an extreme-heat warning adds to the effects of last week's earthquake.