Rio Olympics' biggest problem is 'polluted bay': IOC
Cleaning up the dangerously polluted Guanabara Bay in the next year for sailing events is the biggest challenge facing Rio de Janeiro Olympic organisers, IOC chief Thomas Bach said Wednesday. "This is first of all the cleaning of the bay," Bach said when asked about the problems remaining for the Rio Games which start on August 5 next year.
Olympics-Ad firm Dentsu wins Olympic rights in Asia for 2018-2024
By Karolos Grohmann KUALA LUMPUR, July 29 (Reuters) - Advertising agency Dentsu has won the Olympic broadcasting rights for 22 countries in Asia for 2018-2024, the International Olympic Committee said on Wednesday. The deal includes three consecutive Olympics in Asia with the 2018 Pyeongchang winter Olympics, the 2020 summer games in Tokyo and the 2022 winter Games in either Kazakhstan's Almaty or Beijing, as well as the 2024 summer Olympics.
Attorney: Islamic State sympathizer is not a terrorist
MIAMI (AP) — A man arrested by the FBI on charges of plotting as an Islamic State sympathizer to detonate a nail-filled bomb on a Florida beach is no extremist, his attorney says.
Volkswagen Q2 earns slip on restructuring, troubled markets
FRANKFURT, Germany (AP) — Automaker Volkswagen AG saw profits slip in the second quarter despite taking the global lead in sales over Toyota and GM.
Panasonic three-month net profit soars more than 50%
Japanese electronics giant Panasonic said Wednesday that its net profit soared 57 percent from a year ago, mainly thanks to a tax accounting change as the electronics giant continues to reshape its business. The Osaka-based firm's earnings for the three months to June surged to 59.52 billion yen ($482 million), while operating profit edged down seven percent to 76.56 billion yen. The upbeat net profit was also supported by Panasonic's lesser-known auto parts unit.