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 drone strike kills leader of Pakistan’s Jamaat-ul-Ahrar militants: spokesman

DERA ISMAIL KHAN: The leader of Pakistani militant group Jamaat-ul-Ahrar, who planned some of the deadliest suicide bombings in Pakistan over the last year, died on Thursday of wounds sustained in a US drone strike in Afghanistan, a spokesman said. “Our leader, Omar Khalid Khorasani, was wounded in one of the recent drone strikes in Afghanistan. He was wounded badly, and today he was martyred,” Asad Mansoor, a Jamaat-ul-Ahrar spokesman, said by telephone.The killing comes ahead of American Secretary of State Rex Tillerson’s visit next week and is likely to further ease tensions between the often-wary allies, as Islamabad has been asking Washington for years to target militants who attack inside Pakistan and then hide over the border in Afghanistan. A splinter group of the Pakistani Taliban, Jamaat-ul-Ahrar has in the past also backed Middle East-based Islamic St...

India’s bullet train project re-ignites debate on land for ‘public purpose’

MUMBAI: Plans for India’s first bullet train, a $17-billion-dollar project, have sparked a debate on the definition of “public purpose” for land acquisitions which have become increasingly contentious. The 500-km- (310-mile-) long high-speed rail link promises to cut travel time between the financial hub of Mumbai and the industrial city of Ahmedabad in Gujarat state by more than half to under three hours. The project, inaugurated earlier this month, will need about 825 hectares (2,000 acres) of land. The government has said it will complete the line by 2022, even as farmers along the proposed route held protests against giving up their land. They may have little say in the matter, as the state has a legal right to take private property for public purposes. But analysts say the definition of what constitutes public purpose needs revisiting, even for infrastructure projects. “When projects – airports, private colleges, bullet trains – benefit only a small percentage of ...

कुन प्रदेश को अस्थाई राजधानी कहाँ ? प्रदेश प्रमुख को ?

बुधबार ,३ माघ ( काठमाडौँ ) सरकारले आज सात ओटै प्रदेश को अस्थाई मुकाम र प्रदेश प्रमुख तोकेको छ | बुधबार बसेको मन्त्रि परिसद को बैठक ले सात ओटै प्रदेश को अस्थाई मुकाम र प्रदेश प्रमुख तोकेको हो | जसमा प्रदेश १ को बिराटनगर ,२ को जनकपुर ,३ को हेटौडा र ४ को मुकाम पोखरा तोकेको छ | तेस्तै प्रदेश ५ को रुपन्देही ,६ को सुर्खेत तथा ७ को धनगढी तोकिएको छ | पदेश प्रमुख मा प्रदेश १ मा डाक्टर गोविन्द सुब्बा ,२ मा रत्नेस्वोरलाल कायस्थ ,३ मा अनुराधा कोइराला, ४ मा बाबुराम कुँवर, ५ मा उमाकान्त झा ,६ मा दुर्गा प्रसाद खनाल र ७ मा मोहनराज मल्ल लाई निउक्त गर्ने सरकारले निर्णय गरेको छ |

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