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Business Matters: Fans largely barred from Tokyo Olympics

Cairn Energy can seize Indian assets

09/07/2021 GMT

Fans largely barred from Tokyo Olympics

BBC World Service - Business Matters, Fans largely barred from Tokyo Olympics

How much money will that lose for the organisers?

Imagine it, an Olympic games, without any spectators. The opening ceremony of the Olympics in Japan will take place on July 23rd and the games look as though they will essentially be a television event, which of course will have serious economic implications, but also make a huge impact on the athletes, as Andrew Zimbalist explains.

UK oil firm Cairn Energy can seize Indian state assets following a French court ruling. It is part of a dispute with New Delhi over a $1.7bn award to Cairn by an international tribunal last December, although the ruling reportedly relates to around $20m of assets held in France, potentially including some owned by Air India.

Also in the programme, we hear why authorities in Nigeria have instructed banks to freeze assets of the South African media company MultiChoice.

Plus, we have an extended report from the BBC's Victoria Craig, examining the future of the City of London as a global financial hub, six months on from the end of the Brexit transition period.

PHOTO: Olympic rings in Tokyo/AFP via Getty Images

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