LOS ANGELES: Jarrell Miller was denied a licence to box by the New York State Athletic Commission (NYSAC) over a failed drug test on Wednesday, scuppering his planned June 1 bout with world heavyweight champion Anthony Joshua. In a statement quoted by US media outlets, the NYSAC said Miller was
MUMBAI: Jet Airways shares plunged more than 32 percent on Thursday, hours after the Indian carrier’s final flight landed following a decision to ground its entire fleet. The Mumbai-based carrier is on the edge of bankruptcy and has failed to secure emergency funding from banks, forcing it to suspend all
ZURICH: Swiss food giant Nestle said Thursday its sales have climbed, boosted by recent acquisitions including the right to market Starbucks coffee products in supermarkets around the world. Despite the overall climate of stagnant consumer spending in industrialised countries and a slowdown in growth in emerging markets, Nestle reported a
SHANGHAI: Amazon plans to close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals such as Alibaba and JD.com, a report said on Thursday. The US e-commerce pioneer will maintain other operations in China such as Amazon Web
LISBON: Fuel haulers in Portugal lifted on Thursday a strike that caused long lines at petrol stations days before a long holiday weekend following mediation by the government. “After three difficult days of uncertainty and even insecurity the situation should progressively return to normal,” said Infrastructure Minister Pedro Nuno Santos
ISLAMABAD: Pakistan’s finance minister Asad Umar has stepped down from cabinet, he announced Thursday, ahead of securing a crucial bailout deal with the International Monetary Fund. Umar, one of cricketer-turned-premier Imran Khan’s most powerful ministers, had been entrusted with the task of negotiating the long-delayed bailout as Pakistan’s cash-strapped economy
BRUSSELS: Eurozone business growth was at its lowest level since 2014, a closely watched survey said on Thursday, dragged down by stagnation in France and a sluggish Germany. Beset by looming political risks such as Brexit and weaker global growth, the eurozone is struggling to keep the economy growing at
SEOUL: Samsung announced Thursday it will inspect units of its highly anticipated folding smartphone after some reviewers reported screen damage. A handful of US-based reporters were given the flagship Galaxy Fold phones, priced at $1,980, ahead of the model’s official release next week, and they reported screen issues within days
HONG KONG: Asian markets fell Thursday as investors in most countries wound down going into the long Easter break, with positive comments on the China-US trade talks and healthy Chinese growth unable to fire buying activity. Donald Trump’s key trade negotiator Robert Lighthizer is reportedly preparing to visit Beijing at
ROME: Two Italian students have been told to pay a joint fine of 27 million euros, Italian media reported Wednesday, after being accused of letting a barbecue start a forest fire. Prosecutors say the two 22-year-olds, who dispute the case, lit a barbecue with a group of friends near Lake