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S. Korea unemployment surges to 17-year-high after minimum wage hike

S. Korea unemployment surges to 17-year-high after minimum wage hike

World
SEOUL, April 11 (UPI) -- South Korea's unemployment rate rose to a 17-year-high in March, after the country raised its minimum wage by the highest increase in 17 years in January.Statistics Korea on Wednesday announced the number of unemployed Koreans hit 1.25 million last month, recording a 4.5 percent unemployment rate, and marking the third straight month that the number of jobless people topped the one million mark.The situation was considerably worse for young people, aged between 15 and 29, with youth unemployment hitting 11.6 percent, a two-year high for that month.The number of employed people last month stood at 26.6 million, up 112,000 from a year earlier. It marked the second straight month of growth confined to the 100,000 range.Experts say the sluggish growth in jobs is likely...
Deutsche Bank sacks British boss after losses

Deutsche Bank sacks British boss after losses

Business
Deutsche Bank has sacked its British chief executive John Cryan after three years of financial losses.Mr Cryan will leave Germany's biggest lender at the end of April.He took the job in July 2015, following the departures of co-CEOs Anshu Jain and Juergen Fitschen.Before that, he was president for Europe at the Singaporean sovereign wealth fund Temasek and chief financial officer of Swiss bank UBS.The 57-year-old had tried to cut costs and pull the bank from less profitable businesses and regions.Despite this, recovery was slow, not helped by low interest rates putting pressure on lending margins as well as a reduced income from trading stocks and bonds.A good chunk of any profits were eroded by litigation costs and Deutsche Bank lost €735m (£640m) last year.Paul Achleitner, chairman of th
'Mozart in the Jungle' canceled after four seasons

'Mozart in the Jungle' canceled after four seasons

Entertainment
April 8 (UPI) -- Amazon has confirmed it canceled Mozart in the Jungle, its music-themed dramedy starring Gael Garcia Bernal, Lola Kirke, Malcolm McDowell, Bernadette Peters, Hannah Dunne, Saffron Burrows and Jason Schwartzman.The show is abut a young, New York classical music conductor."We are so proud of the four seasons we made of this show and are grateful to the cast, crew, fans and Amazon for writing this symphony with us. We hope people will keep finding the show for years to come," executive producers Schwartzman, Paul Weitz, Roman Coppola and Will Graham said in a joint statement.Variety said this is the first cancellation since Jennifer Salke was named the streaming giant's new chief of film and television production.Salke has said she plans to focus on more mainstream programmin...
Chelsea boss Antonio Conte resigned to missing out on Champions League football after West Ham draw

Chelsea boss Antonio Conte resigned to missing out on Champions League football after West Ham draw

Sports
Antonio Conte felt Chelsea's 1-1 draw with West Ham summed up their frustrating season.The Blues dominated the match at Stamford Bridge but only had Cesar Azpilicueta's first-half goal to show for it.Alvaro Morata had two goals disallowed for offside while West Ham keeper Joe Hart suddenly began to display the sort of form which not so long ago made him England's undisputed number one.And within three minutes of coming on as a second-half substitute Javier Hernandez swept in an equaliser to snatch a point for West Ham.The stuttering champions are now 10 points behind Tottenham and Blues boss Conte admits a top-four finish looks an increasingly forlorn hope."We must be realistic," he said. "You must win this game if you want to reach a target, in this case we want to reach a place in the Ch...
Conditions of ex-Russian spy, daughter improving after nerve agent poisoning

Conditions of ex-Russian spy, daughter improving after nerve agent poisoning

World
The conditions of an ex-Russian spy and his daughter are improving after the two were poisoned by nerve agent in England last month, according to the hospital treating them. Sergei Skripal, 66, is responding well to treatment, said Salisbury District Hospital Medical Director Dr. Christine Blanshard. His health is "improving rapidly," and he is no longer in critical condition, Blanshard said in a statement. His daughter, Yulia Skripal, is in stable condition. "As Yulia herself says, her strength is growing daily and she can look forward to the day when she is well enough to leave the hospital," Blanshard said. It is unclear when Yulia Skripal will be able to leave the hospital. Sergei Skripal and Yulia Skripal were found unconscious on a park bench in Salisbury, about 90 miles southw...