SEOUL, South Korea (AP) — A multi-story ferry carrying 459 people, mostly high school students on an overnight trip to a tourist island, sank off South Korea's southern coast Wednesday, leaving nearly 300 people missing despite a frantic, hours-long rescue by ships and helicopters. At least three people were confirmed dead and 55 injured.
By William Schomberg and Ana Nicolaci da Costa LONDON (Reuters) - Britain's unemployment rate fell more than expected and pay growth caught up with inflation for the first time in nearly four years. Sterling jumped and government debt prices fell after official statistics showed the unemployment rate sank to a five-year low of 6.9 percent in the three months to February, down from 7.2 percent in the three months to January. That was below the 7 percent level originally set by the Bank of England for considering an increase in interest rates. The Bank has since given fresh guidance about when it might start to tighten monetary conditions.