MOKPO/JINDO, South Korea - The vice-principal of a South Korean high school who accompanied hundreds of pupils on a ferry that capsized has committed suicide, police said on Friday, as hopes faded of finding any of the 274 missing alive. | Video
MEXICO CITY - A powerful earthquake struck Mexico on Friday, shaking buildings in the capital and sending people running out into the street, although there were no early reports of major damage.
TUNIS - Libyan militants who kidnapped a Tunisian diplomat in Tripoli on Thursday have demanded the release of Islamist fighters detained in Tunisia, its foreign minister said.
JAKARTA - Former general Prabowo Subianto, who has struggled to shake off accusations of human rights abuses, received the backing of Indonesia's oldest Islamic party on Friday, bringing him close to being able to run in the July 9 presidential election.
MEXICO CITY - Gabriel Garcia Marquez, the Colombian author whose beguiling stories of love and longing brought Latin America to life for millions of readers and put magical realism on the literary map, died on Thursday. He was 87. | Video
- If General Motors Co creates a fund to compensate victims of its faulty ignition switches, an option that a top legal adviser suggested it is exploring, the company could give up strong defences to a wave of lawsuits. But it could stand to gain even more.
Coca-Cola’s controversial share award scheme takes a bad idea to a foolish extreme. Paying workers in their employer’s paper makes no sense. The share price has too little to do with corporate performance, and the work of any single employee has little effect on the share price. Commentary
Credit Suisse's private banking arm is pulling in more money. But an 11 percent year-on-year dip in quarterly investment banking revenue suggests the Swiss bank's other main engine isn’t motoring. Paring back further in fixed income would be one way to get things moving. Commentary
The vicious cycle of two years ago is turning virtuous – see Athens' return to the bond market last week. More can be done to maintain momentum, especially rooting out vested interests. As ever, the weak spot is politics. Commentary
While the Americans were funding and fixing the world economy, the Europeans decided to belatedly address their under-regulated banking and financial sectors and reform their overly generous labour laws and welfare arrangements funded by high public borrowing they wrongly blamed for the Great Recession. Commentary
When the Saharan dust hit London earlier this month, just as with the smog of the 1950s and of Dickens’s day, the cloud of dust particles was dense enough that less sunlight made it through to ground level. While forecasts and public warnings for such events exist, the experience demonstrated that they need to be related more precisely to health impacts. Commentary
Stock market gains in the next few years are likely to be driven by very different companies than the leaders of the past five years. The bad news for investors is that these leadership rotations generally coincide with temporary market setbacks, since the old leaders tend to retreat faster than the laggards advance. Commentary
EU leaders blame Russia for the takeover of Ukrainian cities by separatists. But they’re wavering over imposing more sanctions. Breakingviews says this will only increase the final price to be paid. Video
BEIJING - Chinese President Xi Jinping plans to use a purge of senior officials suspected of corruption to put his own men and reform-minded bureaucrats into key positions across the Communist Party, the government and the military, sources say. Full Article
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- All 338 Korean students, teachers rescued from sinking ferry - school official