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2 mentions found


☆ Australia's Victoria pulls out of 2026 Commonwealth Games over cost concerns
  + stars: | 2023-07-17 | by ( Ian Ransom | ) www.reuters.com   time to read: +4 min
MELBOURNE, July 18 (Reuters) - Australia's state of Victoria will not host the 2026 Commonwealth Games due to projected cost overruns, placing the future of the quadrennial multi-sport event in doubt. "Frankly A$6-A$7 billion for a 12-day sporting event, we're not doing that," Andrews said at a media conference. Andrews said Victoria had already informed the global Commonwealth Games Federation (CGF) but the cost of breaking the 2026 contract had yet to be decided. The CGF did not provide immediate comment but local body Commonwealth Games Australia (CGA) said the pull-out was "beyond disappointing". The Australian Olympic Committee (AOC), which had spoken of the 2026 Games as a "runway" for hosting the 2032 Brisbane Olympics, said it was "an enormous disappointment" for the athletes.
Persons: Victoria Premier Dan Andrews, we're, Andrews, Victoria, Craig Phillips, John Coates, Chris Minns, CGF, Ian Ransom, Christian Schmollinger, Stephen Coates, Peter Rutherford Organizations: MELBOURNE, Victoria Premier, Commonwealth Games Federation, Commonwealth Games Australia, First Nations Australians, Birmingham, Australia, Games, Australian Olympic, New Zealand Olympic, Olympic, Sydney, South, Thomson Locations: Victoria, Australia, Britain, South Africa, Coast, Geelong, Ballarat, Bendigo, Gippsland, New South Wales, NSW, South Australia, Western Australia, Hamilton
☆ Inside BlackRock's powerful consulting arm that's made the most influential money manager an advisor to world powers
  + stars: | 2021-06-07 | by ( Rebecca Ungarino | ) www.businessinsider.com   time to read: +21 min
One of the reporters noted that Powell's public calendar showed calls with Larry Fink, BlackRock's chief executive, in March, April, and May. The exchange was hardly the first time no-bid contracts between the Fed and BlackRock's Financial Markets Advisory unit raised questions. Still, former employees told Insider that FMA has served as a clear source of public-facing clout for BlackRock. "The FMA clients have extended their advisory relationships to be multiyear." A little over a year ago, FMA pulled employees out of BlackRock's office there, three former employees said.
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