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 State and has increasingly targeted religious minorities in Pakistan. The group clai

PM commits all kinds of support for upcoming elections

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‘Contractor’s negligence responsible for collapse of Jabdighat Bridge’

The government’s study panel has found that Pappu Construction — the contractor that built the Jabdighat Bridge over the Babai River in Bardiya — deviated from the design approved by the government during the construction process of the bridge, which resulted in its collapse during heavy floods on Babai River on August 21. The probe panel formed by the Department of Roads (DoR) has concluded that the contractor had not followed through on the design approved by the government during construction of the 425-metre-long bridge. According to Ayodhya Prasad Shrestha, coordinator of the probe panel and chief of Mid-western Regional Road Directorate Surkhet, the contractor’s negligence is one of the major reasons for collapse of the bridge even before it had been handed over to the government authority. “In our preliminary study, we found that the distance between the pillars of the bridge is inconsistent to the approved design. The gap between the pillars should have been 25 metres, b

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