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A TV cameraman shoots a Madame Tussauds Museum figure of US Olympic gold medal swimmer Michael Phelps at Banneker Pool in Washington, to coincide with the opening of the Rio Olympics on August 5. Gary Cameron/Reuters

Business Briefing: the big bucks of broadcasting the Olympics

Business Briefing: the big bucks of broadcasting the Olympics The Conversation16 MB (download)
The amount broadcasters will pay for the rights to the Olympics keeps going up, but is the value of the rights changing?
London’s trading strength has evolved from dockyard cranes to high finance. Rubén Moreno Montolíu/Flickr

Britain drops one deficit target and ends up facing a new threat

As the budget deficit fades from political view, anxiety shifts to the much wider current account deficit. It may signal UK dynamism, but neither financing nor closing it look easy after Brexit.

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