
A | LONDON -- Former Formula One boss Bernie Ecclestone admitted fraud at a court hearing Thursday after prosecutors charged him with failing to declare millions of dollars held in a trust in Singapore to Britain’s government.The 92-year-old billionaire, who wore a dark suit, said “I plead guilty” at Southwark Crown Court in central London. Ecclestone headed Formula One racing and controlled the sport for for four decades from the 1970s to 2017, when he stepped down as chief executive and Liberty Media took over the series.Prosecutors allege he failed to declare a trust in Singapore with a bank account containing around $650 million when he was asked about any trusts abroad that he was involved in.They say that Ecclestone claimed he had set up “only a single trust” in favor of his three daughters, and that he was “not the settler nor beneficiary of any trust in or outside the U.K.” Prosecutors say he acted “dishonestly” and intended to make a gain from the claims.“He now accepts that some tax is due in relation to these matters," prosecutor Richard Wright said.Ecclestone had pleaded not guilty to the charges earlier this year.。 (ECNS) -- Horgos Land Port in Xinjiang Uygur autonomous region has handled more than 59,000 freight trains from China to Europe and Asia, according to Xinjiang railway authorities on Thursday. Over 6,000 freight trains have passed through the port so far this year. To ensure efficient train clearance, Horgos Customs has worked with railway operators, leveraging technical tools to inspect and release upon arrival for freight trains, lifting overall customs‑clearance efficiency by more than 50%. “During peak arrival periods for freight trains, we have cut the shortest port clearance time to under 30 minutes,” said Cai Guangxu, an official at Horgos Station, China Railway Urumqi Bureau Group Co Ltd. Up to now, 91freight train routes to Europe and Asia run via Horgos Land Port, reaching 46 cities and regions across 18 countries, carrying more than 200 categories of goods. (By Xu Wenda, Zhang Dongfang)
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