Business and economy
Economy of South Korea
South Korea’s central bank cuts its key interest rate by a quarter percentage point to 2.5%, marking its fourth cut since October, and sharply lowered its 2025 growth forecast to 0.8%, nearly halving the previous projection of 1.5% announced in February after a monetary policy meeting. Share prices rise following the report, with the Kospi gaining 1.7%. (AP)
Disasters and accidents
2025 South Korean Lockheed P-3 Orion crash
Four people are killed when a South Korean Navy Lockheed P3-C Orion aircraft crashes into a hill in Pohang, Gyeongsang, South Korea. (Euronews)