US retail sales see fall in March

  US retail sales fell in March across all sectors, official figures have shown, suggesting that recent tax rises are starting to affect consumers. The US Commerce Department said consumers spent a total of $418bn, a fall of 0.4% on the previous…

JP Morgan makes record quarterly profit

  JP Morgan has reported record first quarter profits of $6.5bn (£4.2bn) and says there are signs the US economy is "healthy and getting stronger".   The bank said it had reported a strong performance across all businesses.   Retail banking deposits…

IMF recognises Somalia government after 22-year break

The International Monetary Fund has recognised the government of Somalia after a break in relations of 22 years. The move could enable the IMF to provide technical support and policy advice to the impoverished country in the Horn of Africa. However,…

Kobe Bryant likely out 6-9 months

Los Angeles Lakers star Kobe Bryant had surgery on Saturday afternoon to repair the torn Achilles tendon in his left leg and is expected to need six to nine months to recover, the team announced. "When something like this happens, everybody wants to…

Tiger Woods did not consider withdrawing

  Tiger Woods said he never contemplated withdrawing from the Masters despite the controversy over his second-round two-shot penalty. Three-time Masters champion Nick Faldo was among the critics who said Woods should have disqualified himself after…

Black Caviar scores her quarter century

Australian wonder mare Black Caviar extended her unbeaten streak to 25 races in some style on Saturday, blowing away her rivals in the TJ Smith Stakes at Sydney's Randwick Racecourse. Her 25th victory was also her 15th at the sports highest level,…

TT get direct Champions League entry

TRINIDAD and Tobago received a welcome boost to their Champions League hopes yesterday with the news that they will not have go through the qualifying phase this time around. The tournament bowls off from September 17-October 6 later this year in…

FA Cup: Millwall fans arrested after violence

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Venezuela opposition says government broke election law

  The Venezuelan opposition has made an official complaint against the government following allegations that it broke the law by continuing its electoral campaign on state television. On the eve of the election, acting President Nicolas Maduro…

New law to protect Puerto Rico leatherback turtles

Puerto Rico has introduced a new law protecting a swathe of the island's coast that has become a major nesting site for the world's largest turtle, the leatherback. The Northeast Ecological Corridor comprises 14 sq km (5.4 sq miles) of the island's…