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SBD Global/June 29, 2012/Olympics

Olympics Notes

A group of residents are "expected to launch legal proceedings against proposals to station surface-to-air missiles on the roof of their tower block" during the Olympics. Solicitors acting for the local authority tenants said they "are mounting a challenge against Ministry of Defence plans" to potentially place the ground-based air defence system on top of the Fred Wigg Tower in Leytonstone, east London (London GUARDIAN, 6/28).

ON GOOD BEHAVIOR: The London DAILY MAIL reported that Argentine President Cristina Fernandez has cautioned her country's athletes traveling to the London Olympics about "doing anything provocative" in Britain, which is "engaged in a renewed dispute with Argentina over the Falkland Islands." Fernandez said, "We will show with pride, with honour, that we are Argentines. We don't need to do anything that conflicts with sports norms to show our rights" (DAILY MAIL, 6/27).

IN THE MONEY: Online int'l money transfer company Xoom Corp. announced it has become an official sponsor of the Peruvian Olympic team. Xoom will give a monetary donation to the Peruvian Olympic team and will donate an additional dollar for every transaction sent to Peru using Xoom.com in July (Xoom).

CASHING IN: The CHINA DAILY reported that calls for more Chinese investment into London come as the U.K. is "struggling to emerge from a double-dip recession," after two consecutive quarters of contraction in GDP. U.K. Trade and Investment hopes at least £1B ($1.6B) worth of business opportunities "can be generated through the Olympic business legacy program." U.K. Trade and Investment will also hold a China Business Day under the Global Investment Summit in London on the opening day of the Games, July 27, "hoping to attract investors from all over the world" (CHINA DAILY, 6/27).

SAFE KEEPING: The DAILY MAIL reported that the medals awarded at the London Games will be stored "in the vaults of the Tower of London for safekeeping" during the Games. They will be handed over in a private ceremony on July 2 (DAILY MAIL, 6/27).

LUCK RUNS OUT: In Phnom Penh, Yeun Ponlork reported that Cambodia's weekly Sports Lottery, owned by Sport Social Affairs Co, Ltd. has "been suspended for the second time" since its inception in '10. According to company owner Ly Lun, the lottery "tried to tweak its format and rules" when it was relaunched last year but "failed to attract sufficient sales to ensure a profit." The Sports Lottery also helps raise funds for the National Olympic Committee of Cambodia (PHNOM PENH POST, 6/28).
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