TASNIM NEWS reported Israeli forces continued operations in the West Bank, raiding the Jalazoun refugee camp north of Ramallah and the Dheisheh refugee camp south of Bethlehem.

SOUTH KOREA'S LEE said South Korea must develop new investment hubs beyond the existing semiconductor clusters in Yongin and Pyeongtaek as local power and water infrastructure nears capacity. He urged nationwide expansion of AI data centers and improved industrial data collection and utilization to build a more complete physical AI industry ecosystem.

The New York Times reports Fed chair Kevin Warsh will disclose further details in the coming weeks on special working groups charged with reviewing Fed strategy, policy and operations. In a June 2 letter he promised an "open, clear-eyed discussion" and said the groups will target five market-relevant areas: the Fed's communications; its $6.7 trillion Treasury and mortgage-backed securities portfolio; which data the Fed prioritizes; productivity trends and labor-market conditions; and the models and metrics used to assess inflation. Warsh aims to complete the reviews by year-end so policymakers can consider what reforms, if any, to implement. Each group will be led by external appointees selected by Warsh and supported by designated Fed staff.