Sepp Blatter’s sudden resignation threw wide open the future of world soccer. Even as the drumbeat for Blatter to step aside intensified, he dug in his heels after winning a fifth term as FIFA president last week. Then, just four days later, the embattled 79-year-old hastily scheduled a news conference on Tuesday afternoon in Zurich to say he had had enough. His departure creates both an unexpected opportunity and deep uncertainty at FIFA, an organization battered by decades of scandal. U.S. prosecutors are looking into Blatter as part of their sweeping corruption probe that resulted last week in a 47-count indictment against FIFA executives and other soccer figures, people familiar with the investigation say. "It’s been going on for so long," said Jon Doviken, a former deputy secretary general of FIFA who was ousted after being part of a group that tried unsuccessfully to unseat Blatter in 2002. "I had predicted that people would have to carry him from that office. … [Read more...] about Blatter’s departure signals sweeping overhaul of global soccer
Cnn global markets
(VOVworld) – The ruble devaluation and the risk of economic recession in Russia are direct results of the West’s financial sanctions on Russia. VOV analyzes the effects of the Russian economic recession on the global economy. Before 2014 Russia’s economy saw no signs of recession. All indicators and criteria suggested a stable economy. Since June 2014 Russia’s economy has jittered because the global oil price halved due to the West’s sanctions on Russia over its Ukrainian involvement and OPEC’s decision to maintain its petroleum output. Russia’s sanctions against food importsfrom the West drove the consumer price indexin Russia to8%in the last months of 2014. Inflation was about 10% and is expected to increase in the first half of 2015. Side effects of the West’s sanctions The West’s sanctions have negatively influenced Russia’s economy, but Russia is not the only country facing an economic downturn due to national … [Read more...] about Global impacts from sanctions on Russia
Vietnam is set to miss its target of attracting five million international tourists this year as arrivals have dropped off sharply, industry officials say. Expedited visa application process can boost tourism revenues by 10 percent, an expert says … [Read more...] about Tourist arrivals plummet in Vietnam as global downturn bites
Local tour operators don’t think a new BBC ad campaign can reverse the sector’s downturn. According to the Vietnam National Administration of Tourism, a 30-second TV commercial promoting Vietnamese tourism has been running during British Broadcasting Corporation news programs since June 11. The commercial, produced by BBC, will be broadcast for a total of eight weeks in the Asia-Pacific region and six weeks in Europe and North America. The Ministry of Culture, Sports and Tourism said BBC was chosen because the channel is watched worldwide and the whole campaign was relatively inexpensive, costing only US$204,600. But Than Hai Thanh, general director of Ho Chi Minh City-based Ben Thanh Tourist, said the campaign may be a waste of money considering the global economic slump and current flu-crisis. People simply do not want to travel amid the economic downturn and an influenza scare, Thanh said, noting that room occupancy rates at many hotels had dropped to 20-30 … [Read more...] about Tour operators doubt success of global ad campaign
While the Ministry of Culture, Sports and Tourism (MOCST) thinks that it is very effective to advertise Vietnam tourism on CNN and will spend billions of dong on more ad campaigns, many have doubts. Another advertising campaign on CNN will run in the third and fourth quarter of 2010, costing 5.3 billion dong, or 12 percent of the total expenditure that M O SCT plans to spend to promote tourism this year. Nguyen Van Tinh, Head of the M O SCT’s International Cooperation Agency, confirmed that the ad clip will be broadcast three times a day in August, September and October 2010 in the Asia-Pacific region. MOSCT keeps optimistic In 2007, Vietnam once spent $275,000 to advertise tourism for three consecutive months on CNN. Vietnam tourism industry’s leaders were delighted. According to Nguyen Van Tuan, General Director of the Vietnam National Administration of Tourism (VNAT), 4.2 million foreign tourists arrived in Vietnam in 2008, but … [Read more...] about Tourism campaigns on CNN ineffective?