The closing ceremony, and all the sporting drama in between. But another, less welcome tradition has also emerged the spiralling cost of playing host to the games. After a period of keeping costs down, a new university of oxford study reveals that since 2008, cost overruns are back. Host cities like paris are locked in to spending a lot more than they were expecting to when they bid for the games. According to this academic analysis, the last three olympic games combined cost $51 billion. Budgets overran by 185%. The summer games in paris this year, according to the report, was meant to cost 3. 5 billion euros. Instead, that cost has spiralled to 8. 8 billion euros. And the next games in 2028 that s in los angeles they ve already busted their original budget, revising an initial cost of $5. 3 billion up to $6. 8 billion, and there s still four years to go. But it s notjust an olympics issue. The commonwealth games, two years from now, may not happen at all, after the australian s
From paris, and i ll talk to the boss of one of london s leading high tech business spaces, which was the olympic broadcast centre in 2012. And later in the show, he s produced and been the creative director of more olympic ceremonies than anyone else. Marco balich tells me about the business of pitching for and producing the greatest show on earth. Plus, she won two gold medals in the pool before turning her passion into a nationwide business. Britain s rebecca adlington is our golden guest on this talking business olympics special. Welcome to talking business. Now, the olympic flame is lit in paris and the summer games are on. The games have many grand traditions, from the journey of the torch from greece to the host city, to the closing ceremony, and all the sporting drama in between. But another, less welcome tradition has also emerged, the spiralling cost of playing host to the games. After a period of keeping costs down, a new university of oxford study reveals that since 2008, c
Just gas and electricity but also petrol and diesel we have fed that through to the calculation. Most remaining coronavirus restrictions in wales will be scrapped from tomorrow limits on the number of people that can meet indoors will end, social distancing rules will ease and nightclubs can reopen. A fifth of all the uk s covid, hospital patients are aged between 18 and 3a doctors warn of the dangers facing the young and unvaccinated we ve a special report. Firefighters in greece continue to battle wildfires across the country it s predicted that worse is still to come. And the end of an era barcelona say lionel messi will leave the club after 21 years due to financial obstacles a warm welcome to tokyo where the olympics has entered day 1a. In the last few minutes, laura kenny has become team gb s joint most decorated female olympians as she and team mate katie archibald win a cycling gold in the women s madison final. Team gb has also added another medal with the women
Catching people s attention, how virtual youtubers are gaining popularity and earning millions. Good to have you with us. Can anyone now stop the taliban from rampaging across afghanistan? in the last few hours, their escalating offensive has resulted in the capture of a provincial capital and the assassination of a close aide of the president. Now, the un s special envoy has warned the country is facing a possible catastrophe and called on the taliban to halt the violence and take part in meaningful peace talks. Here s what she said to the un security council earlier. There had been an expectation, when the us taliban deal was signed in february 2020, you will remember, that we would see a reduction of violence. We did not. There had been an expectation when the talks between the afghan republic and the taliban began in september of last year. That we would see a reduction of violence. We have not. There had been an expectation, that when international troops left, we would see a redu
the funeral of captain sir tom moore has taken place, with his family paying tribute to the veteran and charity fundraiser. sir tom captured the hearts of the nation after raising tens of millions of pounds for nhs charities by walking a hundred laps of his garden before his 100th birthday. he died earlier this month. our correspondentjohn maguire has the story. his was a story born out of lockdown, and as the hearse left his house this morning, pandemic restrictions meant people adhered to the family s wishes to stay at home. soldiers from the yorkshire regiment, the modern equivalent of captain sir tom moore s wartime unit, who were with him as he made his famousjourney, joined him once more as he made his finaljourney. he received full military honours. on the coffin, his medals, including his knighthood and a specially commissioned officer s sword. on one side the regimental motto, fortune favours the brave , and on the other, his motto, tomorrow will be a good day . an