Swiss National Bank chairman Schlegel said the SNB has not set and is not pursuing a specific exchange-rate target, but its willingness to intervene in FX markets has increased. He said the bank uses its policy rate to secure appropriate monetary conditions and will employ other measures, including FX intervention if necessary, as deteriorating Middle East tensions are putting upward pressure on the Swiss franc.

2026-06-02

Swiss National Bank chairman Schlegel said the SNB has not set and is not pursuing a specific exchange-rate target, but its willingness to intervene in FX markets has increased. He said the bank uses its policy rate to secure appropriate monetary conditions and will employ other measures, including FX intervention if necessary, as deteriorating Middle East tensions are putting upward pressure on the Swiss franc.

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2026-06-02

Kuaishou said in its 2025 corporate social responsibility report that as of end-2025 the platform generated 48.6 mln jobs: 26.0 mln directly, 15.48 mln via its commercial ecosystem and 7.12 mln via its content ecosystem. The company said it has cumulatively created 189 new occupations, 15 of which it attributes to AI development, including AIGC application specialists, prompt engineers, AI directors and artificial intelligence trainers.

2026-06-02

YONHAP reported June 1 that Korea Import Car Association data show Chinese-made cars ranked third in April new imported-car registrations in South Korea, surpassing Japanese-made cars for the first time. April import registrations: European-made 16,800 vehicles; U.S.-made 13,600; Chinese-made 2,023; Japanese-made 1,974. South Korean outlets described the result as a signal of shifting import-market dynamics; Korea Economic said Chinese brands are rapidly increasing their presence.