Fed Raises Rates in First Major Step by Warsh to Contain Inflation

The move bumps the company's average hourly wage to almost $24 an hour.

Hong Kong education authorities will offer a “very attractive” proposal and policy support to encourage schools without survival issues to merge amid the shrinking student population, according to official sources. The...

The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation.

European Commission President Ursula von der Leyen said Wednesday she wants Canada to join the European Union as an associate member, as the North American nation is embroiled in a...

The Trump administration paid outgoing employees an estimated nearly $7 billion to not work as it encouraged them to leave the federal service, a government watchdog found in a Tuesday...

A new visa intended to attract international talent to participate in short-term training programmes in Hong Kong could become available as early as the first quarter of next year, the...

Hong Kong will introduce themed tourism routes showcasing the city’s most recognisable filming locations and explore upgrading Victoria Park’s Centre Court to host higher-level tennis tournaments, as authorities seek to...

The first building in the 1,000-hectare (2,472-acre) university town project in the Northern Metropolis will be completed by the end of this year, Hong Kong’s leader has said, revealing that...

Hong Kong will introduce various tax incentives for new finance and technology industries to attract businesses and reinforce the city’s role as a leading financial hub, the city leader has...

About 10 artificial intelligence (AI) and biotech companies will be the first to access cross-border data flows under a new pilot scheme, securing an early edge over roughly 100 other...

Hong Kong’s leader has pledged to overhaul the city’s building maintenance regime and improve emergency response as part of the government’s response to last year’s fatal Tai Po fire, while...

Hong Kong will create an “AI city brain” system to strengthen its response to extreme weather events, major incidents and public order management, while creating the role of artificial intelligence...

Hong Kong authorities have rolled out 11 new initiatives to encourage residents to have children, including an expanded cash bonus scheme and a reduced down payment for subsidised housing for...

Hong Kong will introduce a pilot scheme next year to bring in foreign domestic carers to look after older residents as part of a broader package of measures announced in...

Hong Kong has pledged to boost the share of zero-carbon energy in its electricity generation fuel mix to 30 per cent by 2030, up from the current 28 per cent...

The Hong Kong Jockey Club has said it will funnel HK$3 billion to support the construction of a Life and Health Academic Research Building at the city’s new Northern Metropolis...

Hong Kong aims to reduce the risk of premature deaths from some major chronic diseases to 6.9 per cent by 2030 by investing heavily in primary healthcare and prevention, authorities...

The restraining order system is "riddled with barriers and drop-out points," and can be very difficult to navigate, according to victims of domestic violence and advocates interviewed by The Times,...

Federal Reserve Chair Kevin Warsh finds himself in a tricky position as the central bank commences its September meeting, as rising expectations of an interest rate hike clash with President...

Hong Kong Chief Executive John Lee Ka-chiu has placed deepening integration with mainland China and developing new economic engines centre stage as he unveiled the city’s first-ever five-year plan alongside...

Hong Kong Chief Executive John Lee Ka-chiu presented the city’s first ever five-year plan, including steps to bolster innovation, birth rates and financial activity. The city aims to raise spending on...

At the beginning of August, when temperatures in Hong Kong hit highs not seen for at least 140 years, the Labour Department’s Heat Stress at Work Warning system remained at...

A Hong Kong court has ordered the winding-up of an engineering consultant behind a HK$336 million (US$42.8 million) renovation project at the fire-ravaged Wang Fuk Court over an unspecified debt. The...

A Hong Kong court has terminated a trial arising from a deadly shooting during a botched robbery three decades ago after the defendant died in custody earlier this week. The High...

NBC4 news reported on its own news chopper that crashed and burst into flames, killing three.

The helicopter crashed around 7 p.m. near a one-story commercial building in the neighborhood of Chatsworth in the San Fernando Valley.

This live article is freely available to our registered users. Please log in or create an account. Hong Kong leader John Lee Ka-chiu unveiled the city’s first five-year plan at the...

A helicopter crashed into flames Tuesday night in Chatsworth, not far from a serious accident involving a Metro bus that left three people dead.

Hong Kong’s leader will unveil two bold initiatives on housing and mediation in his policy address, the South China Morning Post has learned, with the government planning to boost home...