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The United States has recorded a sharp decline in its unemployment rates, with several Americans claiming unemployment benefits have dropped to a pandemic low. According to weekly pandemic claims report by the Labor Department, the number of jobless Americans has decreased for the first time since March 2020. This is interesting considering the country’s economy almost came to a halt last year owing to nationwide lockdowns to keep the spread of the Coronavirus at bay. The rise in manufacturing employment in the mid-Atlantic region a
Amid rising concerns regarding greenhouse gas emissions, countries worldwide have announced measures like the adoption of renewable sources of energy and a shift to electronic vehicles. AGL Energy Limited, Australia’s largest carbon emitter and leading power producer, is reportedly planning to speed up the phase-out of its coal-fired plants. However, this is unlikely to happen before 2048. Climate activists in Australia have started pressuring the company to shut down its coal-fired plants by 2030, following a report by the United N
Wizz Air, a low-cost Hungarian air carrier, has reportedly announced that it is scaling-up pilot recruitment across its network, with a goal of hiring 4,600 new pilots by the end of 2030. According to reports, the air carrier has already trained more than 150 additional pilots to fly more than 100% of its pre-coronavirus capacity this summer, and it plans to hire 300 more by the end of 2021 to meet its growth plans in the aftermath of the COVID-19 pandemic. Pilots coming onboard Wizz Air will have the chance to fly on more than 800 routes
After officially listing itself on the stock market and entering the major league, Duolingo is now working on a math app that will be focused on young learners. The potential math app is still in the early development stage and users will learn more at Duolingo’s annual free conference, Duocon. Confirming the news, the co-founder and CEO Luis von Ahn stated that the move will allow the popular language-learning platform to expand its product suite. The company intends to achieve this through upcoming acquisitions, which should prevent it from putting a ton of resources
Chinese internet media services company, Kuaishou Technology, has reportedly announced plans to shut down Zynn, its controversial short video app, in August 2021. The app was available only in the United States. Considered as a rival of ByteDance, Kuaishou had amassed almost 1 billion monthly active users in July 2021. The firm did not provide an explanation for shutting down the app, which was caught up in controversy ever since its debut in May 2020. As per the initiated notice, the company will remove all user data following a grace pe
The continuous growth of the travel and tourism industry, until the Covid-19 pandemic, has helped cement Marriott International Inc. as a leader in the hospitability business. To further extend its strong grip, the world's largest hotel chain will reportedly launch an expanded version of its human trafficking awareness training program on July 30, 2021. According to reliable sources, the company aims to train all on-property staff by 2025 to recognize the indicators of human trafficking accurately and respond to them as required. Simi
Tesla, the California-based electric vehicle and clean energy company, has reportedly posted a profit of more than $1 billion for the quarter, despite the ongoing global chip scarcity. According to reports, Tesla's quarterly profits have surpassed the $1 billion mark for the first time. The electric vehicle manufacturing company claimed that it reached this milestone because it worked incredibly hard to maintain manufacturing operating as close to full capacity as possible, despite facing supply chain problems. The company also put as
Jacek Olczak, CEO of Swiss-American tobacco and cigarette manufacturing firm, Philip Morris International, has reportedly called on the government of the United Kingdom to ban cigarettes by the end of 2030, in a move that would eliminate its Marlboro brand. According to Jacek Olczak, the firm envisions a future without cigarettes, and the earlier it happens, the better it is for people. He believes cigarettes should be handled similar to as petrol cars, the sale of which is set to be prohibited by 2030. Mr. Olczak stated that the Governme
Daimler AG, the parent company of premium carmaker Mercedes-Benz, is reportedly planning to invest USD 47 billion in research & development to better compete with Tesla Inc. in the all-electric car market. According to reliable sources, the German automotive giant will build eight battery plants to increase its electric vehicle production capabilities. Four of these plants will be set up in Europe, while one will be in the U.S. This news comes just a week after the European Union proposed a ban on sales of new diesel and petrol cars f