The highly contagious virus will be at various stages of spread and infection in different countries by next summer, making it hard to pull off a large-scale international event.
Japanese PM Shinzo Abe and International Olympic Committee President Thomas Bach had earlier this month agreed to delay the 2020 Olympics amid the coronavirus pandemic.
There’s a reason it takes many years and billions of dollars to host the games: the two-week event is built on a Jenga-tower of thousands of independent economic interests.
A recently published estimate shows 422 billion yen in extra costs for a one-year postponement of the games, with another 218 billion-yen hit to Japan's economy on top of that.
The postponement will be first since modern games began in 19th century and make Tokyo 2020 Olympics the biggest sporting event called off due to COVID-19.
Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.
Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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