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☆ India wants to host the Olympic Games in 2036. Is the country ready?
▼ + stars: | 2023-12-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

Labourers work beside the Olympic signage at the entrance of a venue ahead of the upcoming 141st International Olympic Committee (IOC) session in Mumbai on OCtober 11, 2023. In October, Prime Minister Narendra Modi announced that India plans to host the 2036 Games, reportedly saying it's the country's "age-old dream." Indonesia, Mexico, Turkey and Poland have also expressed their interest to host the Games in 2036. Reliance Industries, the country's largest private sector company, entered into a partnership with the Indian Olympic Association (IOA) last year. In 2011, after the games concluded, the chairman of the of the Commonwealth Games organizing committee, Suresh Kalmadi, was arrested for corruption and financial malpractice.

Persons: Indranil MUKHERJEE, INDRANIL MUKHERJEE, Indranil Mukherjee, Narendra Modi, Nita Mukesh Ambani, CNBC's Tanvir Gill, Ambani, Thomas Bach, Suresh Kalmadi, David Carter, Carter Organizations: 141st International Olympic Committee, AFP, Getty, Afp, India, Business, Reliance Foundation, Reliance Industries, Indian Olympic Association, Olympic Games, CNBC TV18, Olympic, Commonwealth Games, Guardian, BBC, Cricket, University of Southern, CNBC Locations: Mumbai, India, Indonesia, Mexico, Turkey, Poland, Delhi, University of Southern California

☆ Shiffrin wins slalom for 90th World Cup victory
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +2 min

[1/2] Nov 26, 2023; Killington, Vermont, USA; Mikaela Shiffrin of the USA leads after the first slalom run of the Stifel Killington Cup FIS World Cup slalom at Killington Resort. Erich Schlegel-USA TODAY Sports Acquire Licensing RightsNov 26 (Reuters) - American Mikaela Shiffrin secured a record-extending 90th World Cup win on Sunday with victory in the women's slalom at Killington in Vermont. Swiss Wendy Holdener finished third, 1.37 seconds behind home favourite Shiffrin, who has now won six of the seven World Cup slalom events held at Killington. "It's a pretty incredible hill and especially in slalom I feel like I have a good mentality," Shiffrin said after her 55th World Cup slalom victory. The win for Shiffrin, who finished third in Saturday's giant slalom, also gave the American her 141st World Cup podium, which trails only the 155 earned by Swedish great Ingemar Stenmark during the 1970s and 80s.

Persons: Mikaela, Erich Schlegel, Shiffrin, Petra Vlhova, Swiss Wendy Holdener, I've, Levi, Germany's Lena Duerr, Vlhova, Frank Pingue, Hugh Lawson Organizations: USA, Olympic, Shiffrin, American, 141st, Thomson Locations: Killington , Vermont, USA, Killington, Vermont, Slovakia, Swiss, Germany's, Toronto

☆ CAS registers Russian appeal against Olympic membership suspension
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +3 min

International Olympic Committee (IOC) President Thomas Bach gestures as he speaks during a news conference, ahead of the 141st IOC Session, in Mumbai, India, October 13, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsNov 6 (Reuters) - The Court of Arbitration for Sport (CAS) has registered an appeal filed by the Russian Olympic Committee (ROC) against the decision by the International Olympic Committee (IOC) to suspend its membership, the independent judicial body said on Monday. The challenge arose over the IOC's suspension of the ROC following the ROC decision to include as its members some regional sports organisations which are under the authority of the National Olympic Committee (NOC) of Ukraine. "The CAS arbitration proceedings have commenced. The Russian Olympic Committee was banned with immediate effect on Oct. 12 for recognising regional organisations from four territories annexed from Ukraine, the International Olympic Committee said.

Persons: Thomas Bach, Niharika Kulkarni, Vladamir Putin, Putin, Trevor Stynes, Christian Radnedge Organizations: Olympic Committee, 141st IOC, REUTERS, Sport, Russian Olympic Committee, International Olympic Committee, National Olympic Committee, IOC, Olympic, Sports, Russian Olympic, Sporting Power, Swiss, Thomson Locations: Mumbai, India, ROC, Ukraine, Luhansk, Donetsk, Kherson, Zaporizhzhia, Russia, Perm

☆ IOC's ban on Russia cannot be compared with Israel situation
▼ + stars: | 2023-11-03 | by ( Karolos Grohmann | ) www.reuters.com time to read: +3 min

International Olympic Committee (IOC) President Thomas Bach gestures while speaking during the second day of the 141st IOC session in Mumbai, India, October 16, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsBERLIN, Nov 3 (Reuters) - Russia's attempt to compare the country's Olympic Committee suspension with the situation of Israeli athletes following the start of the conflict between Israel and Hamas was out of place, the International Olympic Committee said on Friday. The IOC did not ban the Russian Olympic Committee (ROC) until last month after it recognised regional organisations from four territories annexed from Ukraine. The IOC said on Oct. 12 the ROC would be banned with immediate effect after it recognised Olympic Councils from the regions of Luhansk, Donetsk, Kherson and Zaporizhzhia. "Once again we see an example of the bias and failure of the International Olympic Committee, which time after time proves its political bias."

Persons: Thomas Bach, Niharika Kulkarni, Sergei Lavrov, Lavrov, Karolos Grohmann, Gabrielle Tetrault, Farber, Ed Osmond Organizations: Olympic Committee, 141st IOC, REUTERS, Rights, International Olympic, Russian, IOC, Olympics, Olympic, Winter Games, Russian Olympic Committee, National Olympic Committee of, International Olympic Committee, Paris Olympics, Thomson Locations: Mumbai, India, Israel, Ukraine, Russian, Luhansk, Donetsk, Kherson, Zaporizhzhia, National Olympic Committee of Ukraine, United States, Paris

☆ Cricket, flag football, lacrosse, squash, baseball-softball make 2028 Games cut
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

Lacrosse, squash and baseball-softball had also been proposed by LA Games organisers for inclusion and received approval at an IOC meeting in Mumbai. The LA Games proposal is for a six-team Twenty20 cricket tournament for men and women. The tournament is played in the same T20 format that the game will feature in during the LA 2028 games. Flag football is a non-contact format of American football played by teams of five. American football last featured as a demonstration sport in 1932 LA Games.

Persons: Niharika Kulkarni, Sudipto Ganguly, Karolos, Toby Chopra, Peter Rutherford Organizations: International Olympic Committee, 141st IOC, REUTERS, Rights, Los Angeles Games, Lacrosse, LA, IOC, Games, Cricket, Twenty20, Indian Premier League cricket, Olympic, Paris Games, Summer, Thomson Locations: Mumbai, India, Rights MUMBAI, Tokyo, Paris

☆ Flag football one of five sports added to 2028 Los Angeles Summer Olympics, alongside cricket and squash
▼ + stars: | 2023-10-16 | by ( Ben Morse | Jill Martin | ) edition.cnn.com time to read: +3 min

CNN —Flag football is officially one of five new sports added to the Olympic program for the 2028 Summer Games in Los Angeles. On Monday in Mumbai at the 141st International Olympic Committee (IOC) session, it was announced that flag football, baseball/softball, cricket, lacrosse and squash would be included at the Games. It will be the first time that flag football and squash will be in an Olympic Games. Cricket was included in the Paris Olympics in 1900, while lacrosse was included at St. Louis 1904 and London 1908. Our Olympic sport program, in its entirety, reflects this belief,” the chairperson of the 2028 Games’ organizing committee, Casey Wasserman, said.

Persons: Louis, Thomas Bach, –, “, Casey Wasserman, ” Organizations: CNN — Flag, 141st International Olympic Committee, Olympic Games, Cricket, Paris Olympics, St, Baseball, Tokyo, Olympic Movement, IOC, Flag, US, Lacrosse, ” Cricket, Major League Cricket Locations: Los Angeles, Mumbai, United States

☆ IOC members call on Bach to stay on past 2025
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +3 min

International Olympic Committee (IOC) President Thomas Bach gestures as he speaks during a news conference, ahead of the 141st IOC Session, in Mumbai, India, October 13, 2023. Elected in 2013, Bach is due to step down in 2025 in line with current Olympic Charter rules, following a first eight-year term and a second four-year one. Sunday's open declaration by IOC members followed speculation in recent months that Bach could potentially continue as president of the one of the most powerful bodies in global sports. Several other members also called on Bach to stay on and asked for a Charter change. Being a core author of this Olympic Charter drives me to be more loyal to this Olympic Charter," Bach said.

Persons: Thomas Bach, Niharika Kulkarni, Bach, Sunday's, Juan Antonio Samaranch, Luis Mejia Oviedo, Mark Adams, Adams, Karolos Grohmann, Clarence Fernandez, Hugh Lawson, Christian Organizations: Olympic Committee, 141st IOC, REUTERS, Rights, IOC, Olympic, Olympics Games, Thomson Locations: Mumbai, India, Rights MUMBAI, German, Paris, Sochi, Tokyo, Ukraine

☆ IOC decision on 2036 Olympics host will not come before 2026-IOC
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] A man takes selfie with the logo of the 141st IOC Session, in Mumbai, India, October 12, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsMUMBAI, Oct 15 (Reuters) - The decision on which city will host the 2036 summer Olympics will be taken in three years time at the earliest, the International Olympic Committee said on Sunday. "Any decision will be made by a new IOC leadership and not before 2026 or 2027," said Kolinda Grabar-Kitarovic, who chairs the IOC's future host commission. She did not clarify whether that figure included both summer and winter Games candidacies or just the 2036 summer Olympics. Paris is set to host the 2024 summer Olympics and Los Angeles has been picked for the 2028 Games.

Persons: Niharika Kulkarni, Narendra Modi, Kolinda, Karolos Grohmann, Louise Heavens Organizations: 141st IOC, REUTERS, Rights, International Olympic, IOC, Thomson Locations: Mumbai, India, Rights MUMBAI, Poland, Mexico, Indonesia, Paris, Los Angeles, Brisbane, Australia

☆ Russian Olympic Committee handed immediate ban says IOC
▼ + stars: | 2023-10-12 | by ( Sudipto Ganguly | ) www.reuters.com time to read: +3 min

International Olympic Committee President Thomas Bach speaks during an Executive Board Meeting, ahead of the 141st IOC Session, in Mumbai, India, October 12, 2023. REUTERS/Niharika Kulkarni Acquire Licensing RightsMUMBAI, Oct 12 (Reuters) - The Russian Olympic Committee was banned with immediate effect on Thursday for recognising regional organisations from four territories annexed from Ukraine, the International Olympic Committee said. "... it violates the territorial integrity of the NOC of Ukraine, as recognised by the International Olympic Committee (IOC) in accordance with the Olympic Charter." While Ukraine welcomed the move, the Russian Olympic Committee called it counter-productive. The IOC had not sanctioned the Russian or Belarusian Olympic Committee or Russian IOC members since Moscow's 2022 invasion but did ban athletes from those countries in the first few months after what Moscow calls a 'special military operation'.

Persons: Thomas Bach, Niharika Kulkarni, Thursday's, Mark Adams, Andriy Yermak, Sudipto Ganguly, Karolos, Gabrielle Tetrault, Farber, Yuliia, Karolos Grohmann, Ken Ferris Organizations: Olympic, 141st IOC, REUTERS, Rights, Russian Olympic, International Olympic Committee, IOC, Russian Olympic Committee, National Olympic Committee, Presidential, Belarusian Olympic Committee, Moscow, Thomson Locations: Mumbai, India, Rights MUMBAI, Ukraine, Luhansk, Donetsk, Kherson, Zaporizhzhia, ROC, Gdansk

☆ Apple CEO Tim Cook just sold 13% of his stock for $42 million after taxes
▼ + stars: | 2023-10-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Apple CEO Tim Cook just sold $88 million of his stock, earning about $41.5 million after taxes. The iPhone maker's boss cashed in 13% of his stake, but still owns shares worth $570 million. The disposals generated around $88 million of gross proceeds, but roughly $44 million was withheld by Apple to cover the taxes incurred. For example, he sold $752 million worth of Apple stock in August 2021, netting himself around $355 million after taxes. Following his latest trades, Cook owns about 3.3 million Apple shares, a position worth $570 million as of Wednesday's close.

Persons: Tim Cook, Cook, —, Apple, Tesla, Warren Buffett's Berkshire Hathaway, Buffett Organizations: Apple, Service, TSR, Nvidia, Tech Locations: Warren

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