By Tim McLaughlin YANGON (Reuters) - Myanmar's navy is escorting a boat crammed with 727 stranded migrants to a "safe" location where officials will verify their identities before taking any further action, the country's information minister said on Tuesday. Correcting an earlier comment that the navy was taking the converted fishing boat to the waters of neighboring Bangladesh, Ye Htut said the migrants were headed to an undisclosed but safe area and had been provided with food and water. The migrants were found drifting in the Andaman Sea on Friday in an overloaded fishing boat that was taking on water.
Euro zone inflation was higher than expected in May, data showed on Tuesday, as consumer prices started rising again after five months of falls and stagnation despite a continued strong drag on the index from cheaper energy. The European Union's statistics office Eurostat said consumer prices in the 19 countries sharing the euro rose 0.3 percent year-on-year last month after a flat reading in April, beating market expectations of a 0.2 percent increase. Excluding the volatile energy prices, which were 5 percent lower in May than 12 months earlier, consumer prices rose 1.0 percent.