Most Popular

- Advertisement -

categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. 

Highlights

Technology

Global Powers in 2024: Technology, Military, and Economic Influence Unpacked

As we delve into 2024, the landscape of global power is shaped by a complex interplay of technological advancements, military capabilities, and economic influence. Understanding the dynamics among leading nations requires an examination of their strategic priorities and how they leverage their strengths to assert influence on the world stage. This article unpacks the multifaceted nature of global powers, highlighting the key players in technology, military strength, and economic dominance.
Ticketing system 1

Tickets ‘broken’ after Oasis ‘chaos’, resale site chief alleges

Viagogo's business development manager, Matt Drew, stated that Saturday's ticket sale for the band's first shows in 16 years "descended into chaos."A senior official at a resale site has stated that the ticketing system for shows, including next summer's Oasis concerts, is "broken."Viagogo's business development manager, Matt Drew, said Saturday's ticket sales for the band's first shows in 16 years "descended into chaos."
- Advertisement -
Selected menu has been deleted. Please select the another existing nav menu.

Commonwealth Games Australia offers Scotland multimillion-dollar cash to save 2026 event

Share It:

Table of Content

  • Australia offers Scotland millions to save 2026 Games
  • UK refuses funds; Glasgow may host fewer sports
  • Financial standoff jeopardizes Commonwealth Games’ future

Commonwealth Games Australia has offered Scotland a multimillion-dollar commitment to help rescue the 2026 Games.

Scotland’s government has warned about the financial risks of Glasgow stepping in to preserve the Games after Victoria withdrew as hosts last year.

The Scottish government was expected to approve the Commonwealth Games Federation’s (CGF) hosting bid.

The CGF is offering Scotland over $A200 million (£100 million) of the Victorian government’s $A380 million compensation for failing to host.

The Scottish government had asked the UK government to finance the Games and contribute approximately $A4.5 million to cover potential security cost overruns.

However, the UK refused, and Scotland’s administration stated that it would not spend any public funds.

Both the Scottish and UK governments support Glasgow’s hosting of the Games, which it did successfully in 2014.

However, the following edition would be limited to between 10 and 13 sports, nearly one-third fewer than the 2022 Games in Birmingham, England.

However, the latest financial standoff has placed doubt on the 2026 edition’s ability to materialize.

Commonwealth Games Australia (CGA) has announced that it is willing to donate millions of dollars to Scotland to help safeguard the Games’ future.

CGA president Ben Houston stated that it would be a “multimillion-pound investment.”

Commonwealth Games Australia welcomes the enthusiasm for the Games by the Scottish and UK governments,” according to Houston.

“We want to do everything we can to make Glasgow 2026 a reality.”

“We recognize that the concept is unique, which generates perceived financial and reputational hurdles.

But we are completely confident in the concept offered by Commonwealth Games Scotland.

As one of the beneficiaries of the settlement with the Victorian government, we today pledge to a multimillion-pound investment in the Games, which will be further discussed with Commonwealth Games Scotland and the Scottish Government.

Now is not the time to abandon the Games that have inspired generations.

And we look forward to collaborating to achieve a positive outcome for Commonwealth nations, athletes, coaches, and fans.

Houston stated that the Games were critical in the buildup to Brisbane hosting the 2032 Olympics.

Unlock your financial potential with free Webull shares in the UK

He stated that 46% of Australian athletes are competing for the country for the first time at the Commonwealth Games.

In addition, 51% of Australian medalists at the Commonwealth Games go on to medal in their next international competition.

According to Houston, the Commonwealth Games are crucial to Australia’s performance route and frequently serve as a springboard for future achievement.

They are irreplaceable in terms of global competition. In the absence of an Australian host, it is in the best interests of Australian sport to make overseas Games a reality.

Commonwealth Games Australia receives no government financing and instead relies on private investments and commercial revenue.

China will educate thousands of foreign law enforcement officers for ‘more fair’ globe

Tags :

Creative Media News

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Creative Media News is your premier source for the latest updates in finance, technology, and world events. Our dedicated team of journalists delivers in-depth analysis, breaking news, and expert opinions to keep you informed and engaged. Whether you’re interested in stock market trends, innovative tech, or global affairs, we’ve got you covered. Stay ahead with our reliable, timely, and insightful content. Join our community of readers who trust Creative Media News for accurate, up-to-date information. Follow us for daily updates and stay connected with the world’s most important stories.

Useful Links

Selected menu has been deleted. Please select the another existing nav menu.