En Sound Media

Tokyo Olympics cut spending; sports federations unhappy

The Tokyo Olympics are caught between the proverbial rock and hard place. Tokyo organizers are trying to cut spending, under pressure from the International Olympic Committee, which has been widely criticized for pushing host cities to build “white elephant” venues — often at the taxpayer’s expense. That’s the rock. And here’s the hard place. Some […]

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Iraq’s Militias, Accused of Threatening U.S., Pose a Quandary for Iraq

When the United States said this week that American forces in Iraq faced threats from Iranian “proxies,” it was referring to the armed groups that helped fight the Islamic State and have bedeviled Iraq ever since. The Iraqi armed groups, some with ties to Iran, have a footprint in every Iraqi province. Whether they function

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Marathon Petroleum combines midstream operations for $9B

Marathon Petroleum Corp. is merging two of its oil and gas pipeline, transportation and storage operations for $9 billion. MPLX and Andeavor Logistics are both master limited partnerships majority owned by Marathon, which raised the possibility that it might combine the two late last year. Andeavor unitholders will receive 1.135 MPLX common units for each

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Wodehouse Prize: Nina Stibbe’s Reasons To Be Cheerful wins

Image caption Nina Stibbe won this year’s Wodehouse Prize for her comic novel Reasons To Be Cheerful The third and final entry in a semi-autobiographical trilogy has netted an author an annual award for the funniest book. Nina Stibbe’s ‘Reasons To Be Cheerful’ clinched the 2019 Wodehouse Prize for Comic Fiction. The Leicester-born writer had

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KPMG fined £5m over Co-operative Bank audit

Image copyright Getty Images KPMG has been fined £5m and “severely reprimanded” after admitting misconduct in its 2009 audit of Co-operative Bank. The Financial Reporting Council (FRC) said KPMG’s bad auditing came in the wake of Co-operative Bank’s merger with building society Britannia. It said the firm’s deficiencies included “failures to exercise sufficient professional scepticism”.

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Michael Crick on 1994 Eastleigh by-election Keith House interview

A political correspondent said he felt “really bad” over his infamous TV interview with a 24-year-old councillor about Lib Dem by-election successes. Michael Crick said he “hates seeing” the clip with Keith House, then favourite to be Lib Dem candidate in the 1994 Eastleigh by-election, who struggled to think of an answer. Mr Crick was

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