Unemployment is biggest risk for business: World Economic Forum survey

LONDON: Unemployment is the biggest risk for businesses globally, according to a World Economic Forum survey of business leaders published on Wednesday.

The company executives put unemployment or underemployment as the top risk over the next 10 years, followed by fiscal crises and the failure of national governance, data from the WEF’s Executive Opinion Survey showed.The survey of 12,411 executives across 136 countries provides a backdrop for the World Economic Forum’s Global Risks report published shortly before its annual January meeting in Davos, Switzerland, according to a spokesman for insurance broker Marsh. Marsh is part of Marsh & McLennan (MMC.N), which published the data together with Zurich Insurance (ZURN.S).

“Geopolitical risks and events have led to uncertainties which raise questions about how to manage resilience in uncertain times,” said John Scott, chief risk officer, commercial insurance, at Zurich.

For businesses in the North America, East Asia and Pacific regions, the biggest risks were considered to be cyber attacks and asset bubbles.

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US trio win Nobel for finding Einstein’s gravitational waves

STOCKHOLM/LONDON: Three US scientists won the 2017 Nobel prize for physics on Tuesday for opening up a new era of astronomy by detecting gravitational waves, ripples in space and time foreseen by Albert Einstein a century ago. The work of Rainer Weiss, Barry Barish and Kip Thorne crowned half a century of experimental efforts by scientists and engineers.Measuring gravitational waves offers a new way to observe the cosmos, helping scientists explore the nature of mysterious objects including black holes and neutron stars. It may also provide insight into the universe’s very earliest moments. The first detection of the waves created a scientific sensation when it was announced early last year and the teams involved in the discovery had been widely seen as favourites for Tuesday’s prize. “We now witness the dawn of a new field: gravitational wave astronomy,” Nils Martensson, acting chairman of the Nobel Committee for Physics, told reporters. “This will teach us about the ...

Mexicans dig through collapsed buildings as quake kills 217

MEXICO CITY: Police, firefighters and ordinary Mexicans dug frantically through the rubble of collapsed schools, homes and apartment buildings early Wednesday, looking for survivors of Mexico’s deadliest earthquake in decades as the number of confirmed fatalities stood at 217. Adding poignancy and a touch of the surreal, Tuesday’s magnitude-7.1 quake struck on the 32nd anniversary of the 1985 earthquake that killed thousands. Just hours earlier, people around Mexico had held earthquake drills to mark the date. One of the most desperate rescue efforts was at a primary and secondary school in southern Mexico City, where a wing of the three-story building collapsed into a massive pancake of concrete slabs. Journalists saw rescuers pull at least two small bodies from the rubble, covered in sheets. Volunteer rescue worker Dr. Pedro Serrano managed to crawl into the crevices of the tottering pile of rubble that had been Escuela Enrique Rebsamen. He made it into a classroom...

Liquid cats, crocodile bets and didgeridoos win Ig Nobel science prizes

CAMBRIDGE, MASSACHUSETTS: Scientists taking on the deep questions of whether cats are liquid or solid, how holding a crocodile influences gambling and whether playing the didgeridoo can help cure snoring were honored Thursday at the Ig Nobel Prize spoof awards. The prizes are the brainchild of Marc Abrahams, editor of the Annals of Improbable Research, and are intended not to honor the best or worst in science, but rather to highlight research that encourages people to think in unusual ways. “We hope that this will get people back into the habits they probably had when they were kids of paying attention to odd things and holding out for a moment and deciding whether they are good or bad only after they have a chance to think,” Abrahams said in a phone interview. Some of the honorees tend towards the spurious: French researcher Marc-Antoine Fardin’s 2014 study “Can a Cat Be Both a Solid and a Liquid?” was inspired by internet photos of cats tucked into glasses, buckets...

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