Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Members of the North Korean delegation look on from the stands ahead of the figure skating gala event during the Pyeongchang 2018 Winter Olympic Games. Photo: Mladen Antonov/AFP via Getty Images

The International Olympic Committee announced Wednesday that it has suspended North Korea from the 2022 Beijing Winter Olympics after the country chose not to participate in this year's Tokyo Games due to the pandemic.

Why it matters: Although the decision will have "little immediate impact," it could prove consequential in shaping other political boycotts of future Olympic games, the Wall Street Journal noted.

  • North Korea will now forfeit the sum of money, potentially worth millions of dollars, according to the Associated Press, it was due from previous Olympics. That money had been withheld due to international sanctions, according to the IOC.
  • The country will also not be entitled to any IOC assistance during the period of suspension.

The big picture: In refusing to send a team to the Tokyo Games, North Korea's National Olympic Committee (NOC) failed to fulfill one of its "fundamental duties and obligations," as outlined in the Olympic charter, according to the press release.

  • Each NOC is required to participate in the games by sending athletes, but North Korea was the only country that did not participate in the 2020 Olympics, per the IOC.
  • The Olympics' governing body said it made repeated attempts to allay North Korea's safety concerns and warn of the consequences of not participating.

Although North Korea will be suspended from the Games until the end of 2022, the IOC did not rule out the possibility of North Korean athletes competing in Beijing.

  • Athletes who qualify may be allowed to participate, though a definitive decision will be made at a later date, the press release noted.
  • The IOC executive board can also reconsider the length of the suspension.

Of note: Some U.S. lawmakers have joined activists and Chinese ethnic minorities in calling on the IOC to move or postpone the Beijing Games unless the Chinese government ends its Uyghur genocide.

Go deeper

Updated Sep 15, 2021 - World

Seoul: North Korea fired 2 ballistic missiles off its east coast

North Korean leader Kim Jong Un in Vladivostok, Russia, in 2019. Photo: Yuri Smityuk/TASS via Getty Images

North Korea fired "two ballistic missiles" into the sea from off its east coast on Wednesday, South Korea's military said, per Yonhap news agency.

Why it matters: The launch further escalates tensions in the region, two days after Pyongyang claimed to have fired new long-range cruise missiles that it described as "a strategic weapon of great significance."

DOJ sues American Airlines, JetBlue to block "unprecedented" alliance

Photo: Andrew Harrer/Bloomberg via Getty Images

The Justice Department on Tuesday sued American Airlines and JetBlue to block an "unprecedented series of agreements" that will consolidate the two airlines' operations in Boston and New York City.

Why it matters: The civil antitrust complaint alleges that the planned Northeast Alliance (NEA) "will cause hundreds of millions of dollars in harm to air passengers across the country through higher fares and reduced choice," the DOJ said in a release.

FBI: Body identified as Gabby Petito, death ruled a homicide

A memorial dedicated to Gabby Petito near City Hall in North Port, Fla. Photo: Octavio Jones/Getty Images

A body found in Teton County, Wyoming, on Sunday was confirmed to be the remains of missing 22-year-old blogger Gabby Petito, the FBI announced Tuesday.

Driving the news: The death was ruled a homicide by the Teton County coroner's office, the FBI said. The cause of death has not been determined.