Milan and Cortina Gear Up to Co-Host 2026 Winter Olympics Amidst Global Events
The 2026 Winter Olympic and Paralympic Games, set to begin on February 6 and run until February 22, will be co-hosted by Milan and Cortina d'Ampezzo in northern Italy, marking the first time the Winter Olympics have officially been co-hosted by multiple cities, according to Time. The games will bring together more than 3,500 athletes to compete in various winter sports.
Milan, a financial and fashion hub, will host ice sports such as figure skating and hockey, while Cortina, a resort town in the Italian Dolomites, will host skiing, snowboarding, and other mountain events, Time reported. Milan and Cortina won the bid in 2019, beating a joint bid from Stockholm and Åre in Sweden.
As athletes prepare for the games, the rising prices of precious metals have significantly increased the intrinsic value of the Olympic medals, Fortune reported. Gold medals are now worth approximately $2,400, and silver medals around $1,400. This surge means that the medals' material worth is substantially higher compared to previous games, though their symbolic and historical value remains the primary driver of their desirability and worth to collectors.
The upcoming Olympics occur amidst various global developments, according to Time. These include the ongoing conflict in Ukraine, which has left Ukrainians in Kyiv enduring brutal winter conditions exacerbated by Russian attacks on the energy grid, NPR Politics reported. These attacks cause prolonged power outages, forcing residents to rely on candles and other makeshift solutions for warmth and light. Other global events include a stabbing incident in France, heavy snowfall in Japan, proposed social media restrictions in Spain, antitrust concerns surrounding Netflix, scrutiny of Google's Gemini AI, and China's ban on hidden EV door handles.
Preparations for the 2026 Winter Olympics also include Snoop Dogg's participation in the torch relay, Time reported.
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