Frankfurt: Germany’s Daimler Truck AG and Sweden’s Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe starting in 2025 and called on European Union policymakers to boost incentives for climate-neutral technologies. The companies said Thursday their fuel cell joint venture, cellcentric, is carrying out preparatory work at a facility […]
Read MoreWashington: The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession. The Labor Department reported Thursday that jobless claims were down from 566,000 a week earlier. They have fallen sharply […]
Read MoreWASHINGTON: President Joe Biden declared that “America is rising anew” as he called for an expansion of federal programs to drive the economy past the coronavirus pandemic and broadly extend the social safety net on a scale not seen in decades. Biden’s nationally televised address to Congress, his first, raised the stakes for his ability […]
Read MoreWashington: Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession. Thursday’s report from the Commerce Department estimated that the nation’s […]
Read MoreNew Delhi: Delhi Health Minister Satyendar Jain on Thursday said that the COVID positivity rate has been declining is a certain ray of hope for the government. Four days ago, the positivity rate in Delhi had touched the 35 per cent mark, which has come down to 31.76 per cent now, he added. He said […]
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