South Korea’s central bank cut rates by 25 basis points Tuesday to 2.75%, the lowest since August 2022, in an effort to boost a slowing economy amidst political uncertainty surrounding President Yoon Suk Yeol’s impeachment trial. The decision marks the third rate cut in four meetings, with the country’s GDP growth in the fourth quarter falling to 1.2% due to weakness in consumption and construction sectors. Despite concerns over household debt, the Bank of Korea is expected to continue easing monetary policy to support the economy and inflation, with limited negative impact on the financial industry and foreign capital flows.
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Gunman kills three at Target store in US state of Texas | Gun Violence News
A gunman opened fire in a Target parking lot in Austin, Texas, killing three people before fleeing in a stolen vehicle and later being captured. The attacker, described as a man in his 30s with a mental health history, prompted condolences from local officials, highlighting the ongoing issue of gun violence in the U.S., with over 9,000 gun-related deaths reported in 2025. Want More Context? 🔎
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