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

Published

5 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.

Global stocks wobble as Davos kicks off and Trump reshapes geopolitics

Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.

Published

23 hours ago

January 23, 2026

Harvey Vargas

Global markets faced volatility amid Davos discussions on inflation and Trump’s Greenland deal, heightening geopolitical risks.

Global stock markets endured a volatile week as world leaders gathered in Switzerland for the World Economic Forum, with investors closely watching signals on inflation, interest rates and geopolitical risk.

The Davos meetings set a cautious tone, as uncertainty weighed on market sentiment across regions.

Adding to the tension, Donald Trump announced a deal involving Greenland, reigniting debate over strategic assets and global influence. The unexpected move injected fresh geopolitical risk into markets already grappling with an unsettled global outlook.

Kyle Rodda from Capital.com, breaks down how markets are reacting, what the Greenland announcement could mean for investors, and what to watch next as Davos concludes.

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News

Zelenskyy reveals planned UAE talks with Russia and the United States

Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.

Published

1 day ago

January 23, 2026

Ahron Young

Zelenskyy announces trilateral talks with Russia and the US in UAE, urging stronger European political will at the World Economic Forum.

Volodymyr Zelenskyy says trilateral talks with Russia and the United States are planned in the United Arab Emirates as efforts to end the war intensify.

He also criticised European leaders at the World Economic Forum, calling for stronger political will.