Mexico pulls out of hosting world swimming championships

Mexico has announced that they are stepping down as host of the 2017 world swimming championships.

The city of Guadalajara was due to host the two-week event, but due to falling oil prices they are no longer able to stage the event.

Hosting the championships would have cost $100m (£65m) and the city have already spent $9.5m (£6.18) in preparation.

This year's event is due take place in the Russian city of Kazan, but the International Swimming Federation FINA has not yet revealed who will replace Guadalajara.