SBS News

Yen-Dollar Exchange Rate Plummets Amid Apparent Simultaneous Market Intervention by U.S., Japanese Authorities Dollar and Japanese Yen The governments of Japan and the United States are known to have simultaneously stepped into the foreign exchange market to curb the weak yen. SBS Jul 31, 2026 1:43 PM

North Korea's Economy Grows 3.5%; 3rd Consecutive Year of 3% Growth Driven by Expanded N.K.-Russia Cooperation North Korea's economy grew in the 3% range for the third consecutive year last year, bolstered by expanded economic cooperation between North Korea and Russia, increased trade with China, and state policy projects. SBS Jul 31, 2026 1:28 PM

Breaking Through Iron Fences and Shouting "Long Live": 9 Bodies Found in a Single Day According to reports, migrants in Morocco broke through the fences surrounding Ceuta or swam across the sea to enter the city that day. SBS Jul 31, 2026 11:37 AM

Tesla and SpaceX Shares Surge... Musk to Pour USD 100 Million into Midterm Elections A former "trillionaire" and the world's richest person, Tesla and SpaceX CEO Elon Musk, is expected to pour a massive amount of money into the Republican Party ahead of the midterm elections coming up this November. SBS Jul 31, 2026 11:14 AM

Hamas Confirms Full Disarmament to Be Enforced by Gaza Administrative Committee A high-ranking Hamas official told AFP that the National Committee for the Administration of Gaza , established by the Peace Committee to govern the Gaza Strip, will manage and enforce the cataloging and storage of weapons according to an agreed schedule. SBS Jul 31, 2026 10:38 AM

Explosion at Southwest Pakistan Coal Mine Leaves 18 Miners Dead, 24 Trapped According to AP, Reuters, and other news outlets, a gas explosion occurred the previous day at a coal mine on the outskirts of Quetta in Balochistan province, southwestern Pakistan. SBS Jul 31, 2026 10:36 AM

Musk Expected to Provide Massive Funds to Republican Party in Midterms... At Least 140 Billion Won According to the U.S. political media outlet Axios, Musk is reviving "America PAC," a super PAC (political action committee) he founded himself. SBS Jul 31, 2026 10:00 AM

Trump Says Hamas Agreed to Complete Disarmament, Calling It 'Monumental Progress' for Gaza Peace President Donald Trump for the end of the war and the reconstruction of the Gaza Strip U.S. SBS Jul 31, 2026 9:59 AM

Iranian FM Targets Israel Over Drone Strike at Egyptian Port In a post on X on the 30th , Araghchi wrote, "Egypt is an important ally and partner in the region, and Egypt's security is of the utmost importance to us." He added, "We must all remain vigilant against Israel's conspiracies and false-flag operations designed to undermine regional peace," and stated, "The threat is clear, shared, and fears Muslim solidarity." This statement is interpreted as an effort to deny Iran's involvement and raise suspicions against Israel regarding the drone incident that occurred the previous day at Egypt's Port of Damietta. SBS Jul 31, 2026 9:58 AM

Takaichi Formalizes Food Consumption Tax Cut as Gambling Move to Recover Approval Ratings According to local media, Prime Minister Takaichi formalized the plan for a two-year reduction in the food consumption tax during an extraordinary LDP executive meeting yesterday , stating her plan to process it through a Cabinet meeting early next month and an extraordinary parliamentary session this autumn. SBS Jul 31, 2026 9:58 AM