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Ex-F1 boss Ecclestone to be charged with fraud over assets

British prosecutors say former Formula One boss Bernie Ecclestone will be charged with fraud by false representation following a government investigation into his overseas assets

23 minutes ago

FILE - Former Formula One boss Bernie Ecclestone walks in the paddock during the first free practice at the Yas Marina racetrack in Abu Dhabi, United Arab Emirates, Friday Nov. 23, 2018. British prosecutors say former Formula One boss Bernie Ecclestone will be charged with fraud by false representation following a government investigation into his overseas assets. (AP Photo/Kamran Jebreili, File)

Macao streets empty after casinos shut to fight outbreak

Casinos and most other businesses were ordered to close.

24 minutes ago

FILE - A croupier counts the chips at a baccarat gaming table inside a casino at the Sands Cotai Central in Macao, Sept. 20, 2012. The Asian gambling center of Macao will close all its casinos for a week starting Monday, July 11, and largely restrict people to their homes as it tries to stop a COVID-19 outbreak that has infected more than 1,400 people in the past three weeks. (AP Photo/Kin Cheung, File)

Putin extends fast-track Russian citizenship to all Ukraine

Russian President Vladimir Putin has signed a decree expanding a fast-track procedure to receive Russian citizenship to all Ukrainians

26 minutes ago

Rescue workers put out the fire of a destroyed car after a Russian attack in a residential neighborhood in downtown Kharkiv, Ukraine, on Monday, July 11, 2022. The top official in the Kharkiv region said Monday the Russian forces launched three missile strikes on the city targeting a school, a residential building and warehouse facilities. (AP Photo/Evgeniy Maloletka)

Insider Q&A: Subway North America President Trevor Haynes

Subway has a new recipe for success: fewer stores and a bigger menu

41 minutes ago

In this undated photo provided by Subway Restaurants, Trevor Haynes, Subway's North America president, poses for a portrait. (Brad Simon/Subway Restaurants via AP)

Contenders vying to succeed Johnson as next UK leader

A crowded field of contenders is vying to replace Boris Johnson as the next Conservative leader and British prime minister

1 hour ago

FILE - Elizabeth Truss Britain's Secretary of State for Foreign, Commonwealth and Development Affairs speaks to an aide as she leaves Downing Street in London, May 18, 2022. The contest to succeed British Prime Minister Boris Johnson has no single frontrunner but there are many prominent contenders. Truss, 46, took on the high-profile Cabinet post in September after serving as trade minister. She has been gaining momentum as a contender since then and has made no secret of her ambitions. (AP Photo/Alastair Grant, File)

Stocks open lower on Wall Street, led by drops in technology

Stocks are opening lower on Wall Street as markets turn cautious ahead of earnings reports from big U.S. companies starting this week and more reports that will show how badly inflation is hitting American businesses and households

6 minutes ago

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Monday, July 11, 2022. Asian shares were mostly lower on Monday, although Japan's benchmark rallied, welcoming a landslide parliamentary election victory by the ruling Liberal Democratic Party. (AP Photo/Kin Cheung)

Gas pipeline shutdown starts amid German suspicion of Russia

Germany fears Russia may not fully restart gas supplies.

2 hours ago

The sun rises behind the pipe systems and shut-off devices at the gas receiving station of the Nord Stream 1 Baltic Sea pipeline and the transfer station of the OPAL gas pipeline, Baltic Sea Pipeline Link, in Lubmin, Germany, Monday, July 11, 2022. The Nord Stream 1 pipeline, Germany's main source of Russian gas, is scheduled to be out of action until July 21, 2022, for routine work. The operator said the gas flow was reduced progressively starting at 6 a.m. ( Jens Buettner/dpa via AP)

EU urges second COVID-19 boosters for people ages 60 to 79

The European Union says it's "critical" that authorities in the 27-nation bloc consider giving second coronavirus booster shots to people between the ages of 60 and 79 years and other vulnerable people

2 hours ago

FILE - People queue to get vaccinated against COVID-19 on the first day of a new vaccination center in Lisbon, Wednesday, Dec. 1, 2021. The European Union said Monday, July 11, 2022 it is

London's Heathrow airport apologizes for travel disruptions

London's Heathrow Airport has apologized to passengers whose travels have been disrupted by staff shortages

2 hours ago

FILE - Travellers queue at security at Heathrow Airport in London, Wednesday, June 22, 2022. London's Heathrow Airport apologized Monday, July 11, 2022 to passengers whose travels have been disrupted by staff shortages. The airport warned that it may ask airlines to cut more flights from their summer schedules to reduce the strain if the chaos persists. (AP Photo/Frank Augstein, File)

UK Conservatives jostle in crowded, testy leadership race

Candidates to replace Boris Johnson as Britain's prime minister are scattering tax-cutting promises to woo their Conservative Party electorate

3 hours ago

A woman poses for her own phone picture framed by an underpass arch on the south bank of the River Thames backdropped by the Elizabeth Tower, known as Big Ben, and the Houses of Parliament, in London, Monday, July 11, 2022. Candidates to replace Boris Johnson as Britain's prime minister are scattering tax-cutting promises to their Conservative Party electorate, as party officials prepare Monday to quickly narrow the crowded field of more than ten candidates. (AP Photo/Matt Dunham)

Over-the-counter birth control? Drugmaker seeks FDA approval

A drug company is seeking U.S. approval for the first birth control pill that women could buy without a prescription

3 hours ago

FILE - The U.S. Food and Drug Administration campus in Silver Spring, Md., is photographed on Oct. 14, 2015. A drug company is seeking U.S. approval for the first-ever birth control pill that women could buy without a prescription. The request from a French drugmaker sets up a high-stakes decision for the FDA amid the political fallout from the Supreme Court's recent decision overturning Roe v. Wade. (AP Photo/Andrew Harnik, File)

Unification Church distances itself from Abe's assassination

The Japan branch of South Korea's Unification Church acknowledged as its member the mother of the suspect in the assassination of former Prime Minister Shinzo Abe

4 hours ago

Tomihiro Tanaka, head of the Japan branch of South Korea's Unification Church, speaks during a press conference in Tokyo, Monday, July 11, 2022. The Japan branch of South Korea's Unification Church acknowledged Monday as its member the mother of the suspect in the assassination of former Prime Minister Shinzo Abe, but denied that it demanded large donations from anyone.(Yohei Fukai/Kyodo News via AP)

President and PM: 2 men at heart of Sri Lankan crisis

As Sri Lanka's crisis peaked this weekend, two men in the center of the turmoil brought about by the country's economic collapse promised they would heed the call of tens of thousands of protesters and resign

July 10

FILE- In this photograph provided by the Sri Lankan President's Office, President Gotabaya Rajapaksa, right, greets prime minister Ranil Wickremesinghe during the latter's oath taking ceremony as the new finance minister in Colombo, Sri Lanka, May 25, 2022. Both men Saturday said they would resign, after the country's most chaotic day in months of political turmoil, with protesters storming both officials' homes and setting fire to one of the buildings in a rage over the nation's severe economic crisis. (Sri Lankan President's Office via AP)

Successors to Johnson seek to stand out in crowded UK field

Potential successors to British Prime Minister Boris Johnson are rushing to differentiate themselves from an increasingly crowded field

July 10

Larry the Cat, Britain's Chief Mouser to the Cabinet Office rests in front of 10 Downing Street in London, Friday, July 8, 2022. Britain's Prime Minister Boris Johnson announced that less than three years after becoming prime minister, he was resigning and would remain in office only until a successor emerged.(AP Photo/Frank Augstein)

Report: Uber lobbied, used 'stealth' tech to block scrutiny

Uber lobbied politicians, used "kill switch″ to thwart regulators.

July 10

An Uber sign is displayed inside a car in Palatine, Ill., Thursday, Feb. 10, 2022. As Uber pushed into markets around the world, the ride-sharing service lobbied political leaders to relax labor and taxi laws and used a

Average US gasoline price falls 19 cents to $4.86 per gallon

The average U.S. price of regular-grade gasoline plunged 19 cents over the past two weeks to $4.86 per gallon

July 10

FILE - Gasoline prices are shown at a gas station on June 9, 2022, in Salt Lake City. The average U.S. price of regular-grade gasoline plunged 19 cents over the past two weeks to $4.86 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday, July 10, 2022, that the continued decline comes as crude oil costs also fall. (AP Photo/Rick Bowmer, File)

In Mideast, Biden struggling to shift policy after Trump

Joe Biden took office looking to reshape U.S. foreign policy in the Middle East

July 10

FILE - President Joe Biden speaks in the Roosevelt Room of the White House, Friday, July 8, 2022, in Washington. Biden's visit to the Middle East this week includes meeting with Saudi Arabia's King Salman and crown prince Mohammed bin Salman, the de facto leader of the oil-rich kingdom who U.S. intelligence officials determined approved the killing of a U.S.-based journalist Jamal Khashoggi. (AP Photo/Evan Vucci, File)

'Thor: Love and Thunder' scores franchise best debut

"Thor: Love and Thunder" earned $143 million in its opening weekend in North America, according to studio estimates Sunday

July 10

This image released by Marvel Studios shows Natalie Portman, left, and Chris Hemsworth in a scene from "Thor: Love and Thunder." (Jasin Boland/Marvel Studios-Disney via AP)

Chinese bank depositors face police in angry protest

A large crowd of angry Chinese bank depositors has faced off with police and some were roughed up in a case that has drawn attention because of earlier attempts to use a COVID-19 tracking app to prevent them from mobilizing

July 10

In this photo released by Yang on Sunday, July 10, 2022, people hold banners and chant slogans during a protest at the entrance to a branch of China's central bank in Zhengzhou in central China's Henan Province. A large crowd of angry Chinese bank depositors faced off with police Sunday, some reportedly injured as they were roughly taken away, in a case that has drawn attention because of earlier attempts to use a COVID-19 tracking app to prevent them from mobilising. (AP Photo/Yang)

Sri Lanka opposition meets to install new gov't amid turmoil

The parties met a day after the president and prime minister offered to resign.

July 10

Protesters shout slogans as they stay and play cards in prime minister's official residence a day after it was stormed in Colombo, Sri Lanka, Sunday, July 10, 2022. Sri Lanka's president and prime minister agreed to resign Saturday after the country's most chaotic day in months of political turmoil, with protesters storming both officials' homes and setting fire to one of the buildings in a rage over the nation's severe economic crisis.(AP Photo/Eranga Jayawardena)

Crypto plunge is cautionary tale for public pension funds

A handful of public pension funds have dipped their toes into the crypto pool.

July 10

Retired Houston Fire Captain Russell Harris poses for a photograph inside his workshop at his home in East Bernard, Texas, June 22, 2022.

Crypto plunge is cautionary tale for public pension funds

The plunge in prices for Bitcoin and other cryptocurrencies provides a cautionary tale for the handful of public pension funds that have dipped their toes into the crypto pool

July 10

Retired Houston Fire Captain Russell Harris poses for a photograph inside his workshop at his home Wednesday, June 22, 2022, in East Bernard, Texas. (AP Photo/David J. Phillip)

Dire US labor shortage provides opportunity for ex-prisoners

In rosier economic times, many former prisoners faced obstacles to finding work.

July 10

Incarcerated at 15, Jackson, Miss., resident Antonio McGowan, Wednesday, June 29, 2022, says he had limited prospects coming out of prison after being released in 2014. However, McGowan later enrolled in the Hinds County Reentry Program, which provides workforce training for formerly incarcerated people, which led to a work-based learning program at Hinds Community College, which placed him in a job that is giving him maintenance training in heating and air conditioning, while employed. (AP Photo/Rogelio V. Solis)

Anger simmers for Dutch farmers who oppose pollution cuts

Dutch farmers are embroiled in a summer of discontent that shows no sign of abating

July 10

Protesting farmers block a drawbridge at locks in the Princess Margriet canal, preventing all ship traffic from passing in Gaarkeuken, northern Netherlands, Monday, July 4, 2022. Dutch farmers angry at government plans to slash emissions also used tractors and trucks Monday to blockade supermarket distribution centers, the latest actions in a summer of discontent in the country's lucrative agricultural sector. (AP Photo/Peter Dejong)

Production resumes at troubled Abbott baby formula factory

The Michigan plant's shutdown for contamination contributed to national shortage

July 10

How Black and brown investors are using crypto to build wealth

After a market crash, is crypto a savior for the traditionally "underbanked?"

July 09

In this March 27, 2021, file photo, a Bitcoin physical coin is shown.

Group behind first-ever U.S. Amazon union backs campaigns at 2 warehouses

Union will offer organizing and financial assistance, its president says.

July 09

Chris Smalls, president of Amazon Labor Union, speaks during the Labor Notes conference, in Chicago, June 17, 2022.

Choose your reality: Trust wanes, conspiracy theories rise

As public trust in democratic institutions declines, conspiracy theories are filling the void

July 09

FILE - Rioters wave flags on the West Front of the U.S. Capitol in Washington on Jan. 6, 2021. As public trust in democratic institutions declines, conspiracy theories are filling the void. In some cases, that's leading believers to doubt even their own allies. (AP Photo/Jose Luis Magana, File)

Japan's ex-leader Shinzo Abe assassinated during a speech

Former Prime Minister Shinzo Abe was assassinated on a street in western Japan by a gunman who opened fire on him from behind as he delivered a campaign speech

July 09

In this image from a video, Japan's former Prime Minister Shinzo Abe makes a campaign speech in Nara, western Japan shortly before he was shot Friday, July 8, 2022. Abe was shot during the speech and was airlifted to a hospital but he was not breathing and his heart had stopped, officials said. (Kyodo News via AP)

Musk abandons deal to buy Twitter; company says it will sue

Elon Musk announced Friday that he will abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts

July 08

FILE - Elon Musk speaks at the SATELLITE Conference and Exhibition March 9, 2020, in Washington. Musk will participate in a meeting with employees of Twitter on Thursday, June 16, 2022, as the billionaire and social media platform continue to try to push forward on their agreed-to $44 billion acquisition. Twitter confirmed on Tuesday that the meeting will take place, but did not provide any other details about it. (AP Photo/Susan Walsh, File)

Incomplete grade? Columbia loses ranking over dubious data

U.S. News & World Report has unranked Columbia University from its 2022 edition of Best Colleges

July 08

FILE - A woman walks on the Columbia University campus, Monday, March 9, 2020, in New York. U.S. News & World Report has unranked Columbia University from its 2022 edition of Best Colleges. The publisher said in a statement Thursday, July 7, 2022, that the Ivy League institution failed to substantiate certain 2021 data it previously submitted, including student-faculty ratios and class size. (AP Photo/Mark Lennihan, File)

NHTSA to investigate Florida Tesla crash that killed 2

The U.S. government's auto safety watchdog is sending investigators to another Tesla crash

July 08

FILE - A Tesla logo is seen in Salt Lake City. The National Highway Traffic Safety Administration confirmed Friday, July 8, 2022, that it sent a Special Crash Investigations team to probe the crash of a Tesla into the back of a semitrailer at a rest area near Gainesville, Fla., earlier in the week. (AP Photo/Rick Bowmer, File)

Elon Musk terminating $44 billion deal to buy Twitter

The moved was announced in an SEC filing on Friday.

July 08

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, June 13, 2019.

June jobs report signals strong economy

The June jobs report showed strong hiring for yet another month, despite fears about a recession and spiraling inflation and ABC News' Alexis Christoforous breaks down the latest indicators

July 08

VIDEO: June jobs report signals strong economy

Wall Street ends winning week with mixed close on jobs data

Wall Street is closing out a winning week with a sputtering finish on Friday, as stocks waffled following a stronger-than-expected report on the U.S. jobs market

July 08

A currency trader walks by the screens at a foreign exchange dealing room in Seoul, South Korea, Friday, July 8, 2022. Asian stock markets followed Wall Street higher Friday after two Federal Reserve officials said the U.S. economy might avoid a recession and a news report said China might boost construction spending to stimulate its struggling economy. (AP Photo/Lee Jin-man)

How major US stock indexes fared Friday 7/8/2022

Wall Street is closing out a winning week with a sputtering finish on Friday, as stocks waffled following a stronger-than-expected report on the U.S. jobs market

July 08

Sri Lanka imposes curfew as cops fire tear gas at protesters

Police have imposed a curfew in Sri Lanka's capital a day before a planned protest demanding the resignations of the country's president and prime minister over the economic crisis that has caused severe shortages of essential goods

July 08

Police fires tear gas shells to disperse protesting students in Colombo, Sri Lanka, Friday, July 8, 2022. (AP Photo/Amitha Thennakoon)

Levi Strauss, Costco rise; Nu Skin, WD-40 fall

Stocks that traded heavily or had substantial price changes Friday: Levi, Costco rise; Nu Skin, WD-40 fall

July 08

What to know about public service loan forgiveness

More than 145,000 U.S. borrowers have had the remainder of their student loan debt canceled through the Public Service Loan Forgiveness program, and officials say many more likely qualify

July 08

Presbyterians agree to divest from fossil fuel companies

The largest Presbyterian denomination in the U.S. plans to shed its investments from five fossil-fuel corporations

July 08

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels

July 08

A robust June jobs report clouds outlook for US economy

A strong hiring report for June has assuaged fears that the U.S. economy might be on the cusp of a recession — and highlighted the resilience of the nation's job market

July 08

A hiring sign is displayed at a restaurant in Schaumburg, Ill., Friday, April 1, 2022. More Americans applied for unemployment benefits last week, and while layoffs remain low, it's the fifth straight week claims have topped the 230,000 mark. Applications for jobless aid for the week ending July 2 rose to 235,000, up 4,000 from the previous week, the Labor Department reported Thursday, July 7. (AP Photo/Nam Y. Huh, File)

Work at a school or nonprofit? You could erase student loans

Those who work in public service can apply to have their student loans forgiven.

July 08

FILE - In this May 17, 2018, file photo, new graduates line up before the start of the Bergen Community College commencement at MetLife Stadium in East Rutherford, N.J. A deadline is fast approaching for teachers, librarians, nurses and others who work in public service to apply to have their student loan debt forgiven. New figures from the U.S. Department of Education show 145,000 borrowers have had the remainder of their debt canceled through the Public Service Loan Forgiveness program. (AP Photo/Seth Wenig, File)

5 poultry industry execs found not guilty of price fixing

Five executives of the chicken industry have been found not guilty of conspiring to fix prices

July 08

Park outdoors: Ford expands recall for possible engine fires

It comes after a series of engine fires that can happen even with ignitions off.

July 08

FILE - This Oct. 24, 2021 file photo shows a Ford company logo on a sign at a Ford dealership in southeast Denver. Ford is recalling over 2.9 million vehicles in the U.S., Wednesday, June 15, 2022, to fix a transmission problem that can increase the risk of inadvertent rollaway crashes. The recall covers certain 2013 to 2019 Escape, 2013 to 2018 C-Max, 2013 to 2016 Fusion, 2013 to 2021 Transit Connect, and 2015 to 2018 Edge vehicles. (AP Photo/David Zalubowski, File)

US job growth stronger than expected as economy adds 372,000 jobs

June jobs report shows resilient hiring despite Fed rate hikes.

July 08

A waitress serves a meal at OEB Breakfast Co. in Newport Beach, Calif., May 4, 2022.

US adds 372,000 jobs in June

ABC News business reporter Alexis Christoforous talks about the Labor Department's latest jobs report, as gas prices fall slightly to a national average of $4.72.

July 08

VIDEO: US adds 372,000 jobs in June

UK leader hopefuls jostle as Johnson digs in for final weeks

Conservative party candidates are beginning to declare their intentions to replace departing British Prime Minister Boris Johnson

July 08

The door to 10 Downing Street in London, Friday, July 8, 2022. Britain's Prime Minister Boris Johnson announced that less than three years after becoming Prime Minister, he was resigning and would remain in office only until a successor emerged.(AP Photo/Frank Augstein)

German energy giant Uniper asks for bailout amid Ukraine war

German Chancellor Olaf Scholz has pledged to help troubled energy giant Uniper after it asked the government for a bailout to cope with surging prices for natural gas due to the war in Ukraine

July 08

File--- File picture shows exterior view of the 'Bierwang' gas storage facility of the 'Uniper' energy company in Unterreit near Munich, Germany, Wednesday, July 6, 2022. (AP Photo/Matthias Schrader, file)

Inflation, expenses rise sharply as priorities: AP-NORC poll

A new poll from The Associated Press-NORC Center for Public Affairs Research shows an upheaval in priorities just months before critical midterm elections

July 08

FILE - High gas prices are shown in Los Angeles, June 16, 2022. A new poll from The Associated Press-NORC Center for Public Affairs Research shows an upheaval in priorities just months before critical midterm elections. (AP Photo/Jae C. Hong, File)

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Source: https://abcnews.go.com/business

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