The European Central Bank on Wednesday said it would stop producing and issuing 500-euro banknotes, amid fears that the violet-coloured bills were favoured by criminals for money laundering and even terrorist financing. Existing bills can also be exchanged at national central banks of eurozone nations for an unlimited period of time, added the ECB, announcing its decision to scrap the denomination after "taking into account concerns that this banknote could facilitate illicit activities". The largest denomination banknote in the single currency area is one of the world's most valuable bills, alongside the 1,000 Swiss franc ($1,045, 910 euros) note.
PHOENIX (AP) — In cross-country running, your team is only as fast as your slowest athlete. Slain Navy SEAL Charlie Keating IV took that to heart in his youth as a track star, turning around to cheer on his teammates after he crossed the finish line.