Prince Harry dropped his libel lawsuit Friday against the publisher of the Daily Mail tabloid following a punishing ruling in which a judge suggested he might lose at trial.

Lawyers for the Duke of Sussex notified the High Court in London that he would not continue the suit against Associated Newspapers Ltd., one of several cases he had pending in his high-profile battle with the British press.

No reason was given, but it came the day he was due to hand over documents in the case and after a punishing ruling last month in which a judge ordered Harry to pay the publisher nearly 50,000 pounds (more than $60,000) in legal fees after he failed to achieve victory without going to trial.

The action will leave him on the hook to pay the publisher’s legal fees, which the Daily Mail reported to be 250,000 pounds ($316,000). A spokesperson for the duke said it was premature to speculate about costs.

Panama Canal traffic cut by more than a third because of drought

A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of the world’s most important trade routes.

The new cuts announced Wednesday by authorities in Panama are set to deal an even greater economic blow than previously expected.

Panama Canal Administrator Ricaurte Vásquez now estimates that dipping water levels could cost them between $500 million and $700 million in 2024, compared to previous estimates of $200 million.