Daily News Channel
Searchers rescued at least 53 people and about 33 are missing after a ferry capsized in the Pacific Ocean overnight near Tonga’s capital, Nuku’alofa, a search and rescue officer said early Friday. The surprise measure takes the total sum injected into the economy via government-backed “quantitative easing” to £175 billion ($294 billion).
The Bank of England bought £2 billion ($2.8 billion) of government bonds Wednesday as the UK introduced quantitative easing to kickstart the ailing economy. The move comes after the bank cut interest rates from one percent to 0.5 percent last week — a drop of five percent since October last year and the lowest in the bank’s 315-year history