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Thousands of Olympics volunteers quit

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Organisers of the Tokyo Olympics and Paralympics have revealed 10,000 of the 80,000 volunteers scheduled to help have quit.

The CEO of the organizing committee, Toshiro Muto, believes the mass resignations won’t be “particularly problematic”, given the Games have been scaled back.

“There is no doubt that one of the reasons is the concern over coronavirus infections.”

“We cannot postpone again”

The Tokyo Olympics, which have already been postponed by a year, are due to start in 50 days.

There is overwhelming opposition in Japan to the Games going ahead. 80 percent of people in the country believing the major sports events shouldn’t take place this year.

Tokyo, and other parts of Japan, remain under a COVID-19 state of emergency, as Japan battles a fourth wave of infections.

The President of the organising committee has ruled out postponing the games again, insisting the event will be going ahead as is scheduled.

“We cannot postpone again,” Seiko Hashimoto told Nikkan Sports.

On Wednesday a top Japanese health adviser told a parliamentary committee that “it’s not normal to hold the Olympic Games in a situation like this”.

“If we are going to hold the Games under these circumstances … then I think it’s the Olympic organisers’ responsibility to downsize the scale of the event and strengthen coronavirus control measures as much as possible,” Shigeru Omi said.

Japan’s Prime Minister Yoshihide Suga has previously said the Olympics will be a ‘safe and secure’ event.

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Gold plunges 5% in biggest drop since 2013

Gold prices plummet over 5%, raising global market concerns as investors react, says Chris Weston from Pepperstone.

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Gold prices plummet over 5%, raising global market concerns as investors react, says Chris Weston from Pepperstone.


Gold prices have crashed over 5% in a single day, sparking concerns across global markets and sending investors scrambling.

Chris Weston from Pepperstone breaks down the causes and implications.

#Gold #Markets #Investing #Commodities #GoldCrash #PreciousMetals #ASX #GlobalMarkets #Finance #Trading


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Trump and Xi set for high-stakes APEC showdown

Trump and Xi to meet at APEC, seeking to ease trade tensions and revive dialogue amid tariff threats.

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Trump and Xi to meet at APEC, seeking to ease trade tensions and revive dialogue amid tariff threats.


President Trump and President Xi Jinping will meet for the first time in six years at the APEC summit, aiming to ease trade tensions and revive dialogue amid tariff threats.

#Trump #XiJinping #APEC #Trade #China #USPolitics #Economy #Tariffs #AsiaPacific #GlobalSummit


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Trump to meet Xi at APEC amid trade tensions

Trump to meet Xi at APEC summit as trade tensions escalate and tariffs loom

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Trump to meet Xi at APEC summit as trade tensions escalate and tariffs loom

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In Short:
– Trump will meet Xi Jinping at the APEC summit in South Korea later this month amid trade tensions.
– China has reshuffled its trade team, appointing Li Yongjie as the new WTO representative.
President Donald Trump confirmed he will meet Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation summit later this month in South Korea.
It marks their first face-to-face encounter in six years amid ongoing trade tensions.Trump expressed hope about achieving a “fantastic deal,” despite escalating disputes. He is prepared to impose significant tariffs on Chinese imports if no agreement is reached. Current U.S. tariffs on Chinese goods average 55%, with a potential increase to 155% looming.

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Trump mentioned that he believes an excellent trade deal would benefit the U.S., China and the global economy. He acknowledged the importance of the negotiations, stating that China respects the U.S. but is always seeking advantages in trade.

China’s Trade Reshuffle

China has reshuffled its trade negotiation team. Li Chenggang has been removed from his position as the representative to the World Trade Organization, while retaining his role as vice minister of commerce. This change aligns with Beijing’s strategy to adjust its trade diplomacy amid tensions.

Li Yongjie has been appointed as the new WTO representative. This team transition comes after scrutiny from U.S. officials and reflects China’s commitment to recalibrating its approach within the ongoing trade discussions.

The upcoming APEC summit will gather leaders from 21 economies, representing a significant portion of global GDP. It serves as a pivotal platform for dialogue, despite the backdrop of intensified trade negotiations.


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