Japan Olympic chief calls for urgent change for games to save event

Published

4 years ago

June 29, 2021

The Tokyo Olympics should become an opportunity to rethink the enormous scale and expense of the world’s largest sporting events, the president of the Japanese Olympic Committee says.

The gold medalist spoke just three and a half weeks ahead of the opening ceremony for Tokyo 2020.

The decision in March last year to delay the games by a year due to the pandemic added billions of dollars to the cost of staging the event.

“This could be a chance to rethink how huge the Olympics have become,”
Yamashita told reporters in Tokyo

Audits by the Japanese government over the past few years have shown the costs will come to at least $25 billion.

“Rather than being extravagant and costly, the Olympics will need to change to survive. I hope this will be a turning point.”

Japan though claims they have been cuts to spending including by abandoning a futuristic design for the main stadium that was alone expected to cost $2 billion.

Israel and Hamas agree to landmark hostage deal

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

Published

24 hours ago

October 10, 2025

ticker NEWS

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

In a major diplomatic breakthrough, Israel and Hamas have agreed to release all remaining Israeli hostages under a U.S.-brokered framework. The deal pairs prisoner exchanges with an Israeli troop pullback and expanded aid access, marking a potential turning point in the two-year Gaza conflict.

The agreement, set for approval by Israel’s cabinet, could pave the way for lasting peace if both sides uphold the terms. It follows weeks of negotiations led by U.S. envoys and regional mediators in Egypt, Qatar, and Türkiye.

As international agencies prepare to facilitate aid and logistics, the world watches to see whether this fragile deal can hold and bring relief to millions affected by the war.

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News

Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Published

2 days ago

October 9, 2025

ticker NEWS

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness