Weekly Overview (02 – 06 July 2018): China vows to strike back in response to Trump’s harsh import tariffs

Last Friday marked the day when Trump’s administration imposed 25% tariffs on $34 million worth of Chinese exports to the US. Outraged by this decision, the country was quick to retaliate by dubbing Trump’s move as “the largest trade war in economic history” and promised reciprocal trade restrictions on US goods in the very near future.

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Tesla switches into high gear after assembling a total of 7,000 vehicles last week


  • Tesla met its June production target of 5,000 Model 3 vehicles per week
  • The newest car model is expected to make the company self-sustainable
  • Musk shared his positive outlook for the Q3 and Q4 2018 company earnings

After failing to meet several deadlines and facing many technical and logistical hiccups along the way, Tesla finally reached its coveted goal of producing 7,000 vehicles per week. Now that the venture is finally starting to pay out, will Musk and his crew be able to sustain this level of production, or will they once again fail to deliver?

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Facebook pulls the plug on its internet drone program


  • Facebook’s Aquila project comes to an end after 4 years of development
  • The drones were meant to provide high-speed Internet to those without access
  • The company plans to partner with Airbus and others to aid new HAPS projects

Imagine a world where every single person on the planet has access to high-speed Internet at all times. That’s what Facebook aimed to do, before suddenly announcing this Tuesday that they have abandoned work on their futuristic Aquila drones.

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