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Soccer’s world governing body FIFA has stripped Indonesia of its right to host the Under-20 Men’s World Cup later this year after an Indonesian official objected to the participation of Israel.

Staging the FIFA Under-20 World Cup was meant to be a badge of pride for Indonesia. Now, it’s costing billions of dollars in lost investment.

(JTA) — Indonesia has been stripped of its hosting rights for the upcoming FIFA Under-20 Men’s World Cup, after the country objected to Israel’s participation. FIFA, soccer’s global ...