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US Fed makes first rate cut of 2025 over employment risks
WASHINGTON, United States — The US Federal Reserve on Wednesday lowered interest rates for the first time this year, flagging slower job gains and risks to employment as policymakers face heightened pressure under President Donald Trump. The Fed cut the benchmark lending rate by 25 basis points, to a range between 4 percent and 4.25 percent,
What’s Behind an Elite Hong Kong School’s Fight With a Church
In this week’s Hong Kong Edition, we break down the drama around one of the city’s elite international schools and speak with the chief of a legendary dim sum spot. For the Review, we check out a restaurant that fills a sorely needed niche in the food scene.