List of All Articles with Tag '1'

China stepped up its intervention in the stock market, with the sovereign wealth fund increasing its stake in

Ex-Formula One boss Bernie Ecclestone has admitted fraud after failing to declare more than £400million held in a trust in Singapore to the Government. The 92-year-old said “I plead guilty” at Southwark Crown Court on Thursday while standing in the well of the court wearing a dark suit and grey tie. On July 7, 2015, the billionaire failed to declare a trust in Singapore with a bank account containing around 650 million US dollars, worth about £400million at the time. The charge stated Ecclestone, who has three grown-up daughters, Deborah, Tamara and Petra, and a young son, Ace, had “established only a single trust, that being one in favour of your daughters, and other than the trust established for your daughters you were not the settlor nor beneficiary of any trust in or outside the UK”. Before his guilty plea, he had been due to face trial in November on the single fraud charge. The court heard Ecclestone had said “no” when asked by HMRC officers whether he had any links to any further trusts “in or outside the UK”. Prosecutor Richard Wright KC said: “That answer was untrue or misleading. “Mr Ecclestone knew his answer may have been untrue or misleading. “As of July 7, 2015, Mr Ecclestone did not know the truth of the position, so was not able to give an answer to the question. “Mr Ecclestone was not entirely clear on how ownership of the accounts in question were structured. “He therefore did not know whether it was liable for tax, interest or penalties in relation to amounts passing through the accounts. “Mr Ecclestone recognises it was wrong to answer the questions he did because it ran the risk that HMRC would not continue to investigate his affairs. “He now accepts that some tax is due in relation to these matters.” Read More FIA to review Qatar GP as ‘dangerous’ temperatures prompt driver complaints Lewis Hamilton and George Russell vent anger on radio after collision in Qatar Lewis Hamilton crashes out after first-corner collision with George Russell In his own words: Christian Horner on world champion Max Verstappen Angry Lance Stroll shoves personal trainer and storms out of interview Max Verstappen fastest in Qatar practice as he closes in on world championship

James Dyson’s technology firm shifted another 10-figure dividend to his family holding company last year as the vacuum

FIA president Mohammed Ben Sulayem insists Formula 1 needs less races ahead of a record-breaking 2024 season – but more teams in wake of Andretti’s bid to become the 11th team on the grid. US-based Andretti, owned by Michael Andretti – the son of 1978 F1 world champion Mario, were the only prospective new team approved by the FIA to be a new outfit in F1 with the matter now in the hands of FOM (Formula One Management). Ben Sulayem, who took over as FIA chief at the start of last year and has caused controversy for his comments in relation to commercial rights holder F1 in the past, believes the sport should be looking to expand and says his “dream” is for 12 teams, the maximum amount currently allowed. “Saying no to a team which has been approved by the FIA [i.e. Andretti] – it’s very hard,” Ben Sulayem told Reuters. “The FIA should be asking, begging, OEMs (original equipment manufacturers) to come in. We should not just say no to them. “If you say: ‘What is my dream?’ It is to fill up the 12 [team slots] and to have one US team from an OEM and a [power unit] and a driver from there. And then go to China maybe and ask for the same thing and do it.” The current viewpoint within F1 towards a new team is believed to be lukewarm at best, due to financial concerns, though a thorough analysis will be undertaken. F1 will hold a record-breaking 24 races next season – up from 22 this year – with China and Imola returning after their cancellations in 2022. One issue mooted with more teams in the paddock has been space at traditional, older tracks like Zandvoort, but Ben Sulayem pointed towards the accommodation of Brad Pitt’s fictional Apex team for the F1-based Hollywood movie on the grid at times this season. “We are allowed to have 12 teams,” he added. “Some of the teams said ‘Oh, it will be crowded’. Really? We are already running a Hollywood team with us. “The circuits are supposed to have enough garages and space for 12 teams. I think the number of races is too much [rather] than the number of teams. We need more teams and fewer races. “The teams are looking at the piece of cake. I understand their worries but our worries are different.” Read More Aston Martin boss urges F1 to stick to 10 teams Andretti F1 team entry bid accepted by FIA What Lewis Hamilton’s clash with George Russell tells us about state of play at Mercedes F1 reveal unique Las Vegas GP schedule and ‘opening ceremony’ plans Lance Stroll ‘may have contravened FIA rules’ during furious outburst in Qatar F1 driver Esteban Ocon vomited in his helmet during ‘horrible’ Qatar Grand Prix

Japan Investment Adviser Co., the first unrated company in the nation to sell publicly offered bonds, is preparing

Alameda Research co-Chief Executive Officer Caroline Ellison took the stand for a second day on Wednesday in the

President Joe Biden is expanding his crackdown on so-called “junk fees,” or charges that raise the prices of

Formula 1 has confirmed the schedule for the Las Vegas Grand Prix next month including a 10pm local start time for the race on Saturday night and an opening ceremony before cars are on track. F1 is returning to Sin City for the first time in over 40 years in November, with the 3.8 mile street track on the Vegas strip staging the penultimate race of the 2023 season in what is being billed as one of the sporting events of the year. Now, plans and timings have been confirmed by race organisers – with the race start time confirmed to be 10pm PST (6am GMT, 1am ET) under the lights on Saturday 18 November. The event schedule will start, rather uniquely, on a Wednesday night with a lavish opening ceremony at the paddock site. It will feature the ribbon-cutting ceremony of the new paddock building, estimated to have cost $500million, and is likely to follow a similar order of play to Miami’s pre-event spectacle, where drivers and team bosses were introduced on stage. Practice takes place on Thursday 16 November, with qualifying on Friday 17 November at midnight (PST), which is 8am GMT and 3am ET on Saturday morning. Race organisers announced this week that Nevada residents can secure a single-day grandstand ticket for Thursday practice, starting at $200, with race day tickets around $1,300. Three-day tickets for $500 have already sold out. Preparation for the Las Vegas race has seen numerous roads closed while construction takes place, with the project as a whole costing an estimated $560m. A man working on the construction at the Bellagio Fountains area tragically died last month after suffering a “major laceration to the neck.” A spokesperson for the police confirmed the worker was involved in construction for the Vegas race circuit. The 3.8-mile track passes a host of famous Sin City landmarks, including the Bellagio, Caesars Palace and the new MGM Sphere. F1 is returning to Vegas for the first time since 1982, when the Caesars Palace Grand Prix was held in the car park of the famous hotel. Read More Lance Stroll ‘may have contravened FIA rules’ during furious outburst in Qatar What Lewis Hamilton’s clash with George Russell tells us about state of play at Mercedes F1 construction worker killed in Las Vegas while setting up grand prix circuit Lance Stroll ‘may have contravened FIA rules’ during furious outburst in Qatar F1 driver Esteban Ocon vomited in his helmet during ‘horrible’ Qatar Grand Prix McLaren set astonishing new F1 record after Lando Norris pit stop

Lance Stroll is under investigation and ‘may have contravened FIA rules, policies and procedures’ during the Qatar Grand Prix. The Aston Martin driver, son of team owner Lawrence Stroll, was furious after only qualifying 17th during Friday’s qualifying session in Lusail. The 24-year-old threw his steering wheel, appeared to ignore obligatory weighing protocols and then shoved his personal trainer, Henry Howe, at the back of the garage. Stroll then gave a six-word interview to F1’s media channels, including an expletive, before storming out of shot. An FIA spokesperson said in a statement: "The FIA Compliance Officer is in discussion with Lance Stroll in relation to several incidents that may have contravened FIA rules, policies and procedures during the Qatar Grand Prix." Sky F1 pundit Naomi Schiff described Stroll’s conduct as “completely inappropriate.” Ultimately, the Canadian finished Sunday’s grand prix just outside the points in 11th place, while team-mate Fernando Alonso finished sixth. Stroll claimed he passed out at the wheel because of the extreme humidity during Sunday’s race. A number of other drivers also experienced problems, with the FIA undergoing a review of a chaotic event in Qatar. Alonso has scored 183 points this season to Stroll’s 47, with the Spaniard also claiming all of Aston Martin’s seven podiums this season. "It’s cost them [Aston Martin] in the constructors’ championship,” ex-F1 driver Karun Chandok told Sky Sports. “Earlier in the year, we were looking at them being second in the constructors and they are likely to end up fifth with the way McLaren have caught up with them. "The reality is he has scored less than a third of Alonso’s points. McLaren have benefited that they have two drivers racking up the points and it’s allowed them to catch up." Read More Lance Stroll shoves personal trainer and gives furious six-word interview FIA to review Qatar GP as ‘dangerous’ temperatures prompt driver complaints F1 drivers unhappy after ‘dangerous’ Qatar Grand Prix causes fainting and vomiting F1 driver Esteban Ocon vomited in his helmet during ‘horrible’ Qatar Grand Prix McLaren set astonishing new F1 record after Lando Norris pit stop Hamilton, Russell and the deeper tale at play for Mercedes

Tel Aviv is rapidly losing air links, with regional powerhouse Turkish Airlines joining a growing list of international

About 150 miles northwest of Tokyo, in a slivered valley that leads to the Sea of Japan, lies

The letter was signed by more than 30 student groups at Harvard after the world woke to images