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Meta Halts Development Of Smartwatch With Two Cameras

Facebook parent company Meta Platforms Inc. has halted development of a smartwatch with dual cameras and is instead working on other devices for the wrist, according to a source.

The device, which has been in development for at least two years, was designed to include several features common in other smartwatches, including activity tracking, music playback and messaging.

A prototype of the now halted device includes dual-cameras, a key differentiator from market leaders like the Apple Watch. One camera was located below the display and another sat on the backside against the wearer's wrist, according to images and video of a prototype seen by Bloomberg.

More Americans Apply For Jobless Benefits Last Week

More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment remains at a five-decade low.

Applications for unemployment benefits rose by 27,000 to 229,000 for the week ending June 4, the most since mid-January, the Labor Department reported Thursday. First-time applications generally track the number of layoffs.

The  total number of Americans collecting jobless benefits for the week ending May 28 remained unchanged from the previous week at 1,306,000, the fewest since Jan. 10, 1970.

Average Cost Of Filling Up Car In UK Hits Record 100 Pounds

The average cost of filling up a typical family car has exceeded 100 pounds ($125) for the first time in Britain, as Russia's war in Ukraine drives gasoline prices higher.

Figures from data firm Experian Catalist showed that the average price of a liter of gas at U.K. pumps hit a record 182.3 pence ($2.3) on Wednesday, taking the average cost of filling a 55-liter (14.5-U.S. gallon) family car to 100.27 pounds.

"Enough is enough. The government must act urgently to reduce the record fuel prices which are crippling the lives of those on lower incomes, rural areas and businesses," AA President Edmund King said.