Manila (Philippines) (AP): Boxing legend Manny Pacquiao is officially hanging up his gloves. The eight-division world champion and Philippines senator on Wednesday announced his retirement from the ring,

"As I hang up my boxing gloves, I would like to thank the whole world, especially the Filipino people for supporting Manny Pacquiao. Goodbye boxing," the 42-year old said in a 14-minute video posted on his Facebook page.

"It is difficult for me to accept that my time as a boxer is over. Today I am announcing my retirement."

Pacquiao finished his 26-year, 72-fight career with 62 wins, eight losses and two draws. Of those 62 wins, 39 were by knockout and 23 by decision.

He won 12 world titles.

His retirement from boxing followed a disheartening defeat to Yordenis Ugas in Paradise, Nevada on Aug. 21.

The younger Cuban boxer, who defected to the United States in 2010, beat Pacquiao by unanimous decision, retaining his WBA welterweight title. It was Pacquiao's first fight in more than two years.

"Thank you for changing my life, when my family was desperate, you gave us hope, you gave me the chance to fight my way out of poverty," Pacquiao said in the video.

"Because of you, I was able to inspire people all over the world. Because of you I have been given the courage to change more lives. I will never forget what I have done and accomplished in my life that I can't imagine. I just heard the final bell. The boxing is over."

Pacquaio had hinted at retirement recently. It also had been expected because he is setting his sights on a bigger political battlefield. Earlier this month, he accepted his political party's nomination and declared that that he will run for Philippines president in the May 2022 elections.

He has accused the administration of President Rodrigo Duterte, his formal ally, of making corruption worse in the Philippines. He promised to fight poverty and warned corrupt politicians they will soon end in jail.

Pacquiao's rags-to-riches life story and legendary career he is the only fighter in history to win titles in eight different weight classes has brought honor to his Southeast Asian nation, where he is known by his monikers Pacman, People's Champ and National Fist.

He left his impoverished home in the southern Philippines as a teenager and stowed away on a ship bound for Manila. He made his professional boxing debut as a junior flyweight in 1995, at the age of 16, fighting his way out of abject poverty to become one of the world's highest paid athletes. 

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New York/Washington (PTI): US President Donald Trump has repeated his claim of resolving the India-Pakistan conflict and asserted that Islamabad's leadership credited him for saving millions of lives.

"We stopped a potential nuclear war between Pakistan and India. And the head of Pakistan, a highly respected General, he's a Field Marshal and also the Prime Minister of Pakistan, said President Trump saved 10 million lives, maybe more...,” Trump said Monday.

He made these remarks at Mar-a-Lago, Florida, flanked by Defence Secretary Pete Hegseth, Navy Secretary John Phelan, and Secretary of State Marco Rubio.

“You know, eight planes were shot down. That war was starting to rage, and he actually said the other day that President Trump saved 10 million lives, maybe more. So we solved all these wars. The only one I haven't solved yet is Russia, Ukraine,” he said.

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Since May 10, when Trump announced on social media that India and Pakistan had agreed to a “full and immediate” ceasefire after a “long night” of talks mediated by Washington, he has repeated his claim over 60 times that he “helped settle” the tensions between the two neighbours.

New Delhi has consistently denied any third-party intervention.

India launched Operation Sindoor on May 7, targeting terror infrastructure in Pakistan and Pakistan-occupied Kashmir in retaliation for the April 22 Pahalgam attack that killed 26 civilians.

India and Pakistan reached an understanding on May 10 to end the conflict after four days of intense cross-border drone and missile strikes.