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Key meeting to discuss Tokyo 2020 Olympics venue options

  AFP An International Olympic Committee (IOC) official said on Sunday that detailed options for moving some Tokyo 2020 venues will be presented this week at a key four-party meeting. Tokyo is eyeing ways to save money after warnings that skyrocketing costs could hit an eye-watering $30 billion — four times the initial estimate and almost triple that of the ...

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Will Modi’s India cash ban plan backfire?

  AFP Prime Minister Narendra Modi’s shock decision to scrap most of India’s curr- ency was hailed by some as a masterstroke against endemic corruption, but signs are emerging that it may hit the economy hard. The sweeping overnight abolition of all high-value notes was supposed to bring billions in so-called “black”, or undeclared, money back into the formal system. ...

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India’s cash chaos to ease in 50 days: Modi

  Bloomberg Indian Prime Minister Narendra Modi used a radio address on Sunday to assure the country that the cash crisis caused by his plan to remove large-denomination bills from circulation will ease within his proposed 50-day period. Modi said in the monthly radio address that the difficulties India has encountered since he announced a ban on the use of ...

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