By: Elena Grace Flores
It is not clear why Facebook named their newest venture that involves a high-powered solar aircraft flying remotely for months to beam down an internet connection – to the Philippine Eagle, Aguila but one thing is for sure, like this strong bird, Project Aguila will fly up in the sky and grace it. Facebook is indeed unique because it never stopped to innovate for their users’ benefit without members spending a dime.
BBC wrote: In a warehouse in Somerset, the latest phase in Facebook’s bid for world domination has been taking shape. Or, to put it less dramatically, the social network’s plan to connect millions in developing countries is proceeding. It is called Project Aquila and involves building solar-powered aircraft which will fly for months at a time above remote places, beaming down an internet connection. Two years ago Facebook bought small British business Ascenta, which specialises in solar-powered drones, and its owner Andy Cox is now the engineer running Project Aquila.
It added: At the end of June, the first aircraft produced in that warehouse on an industrial estate in Bridgwater was dismantled and taken in pieces to Arizona. There, it was reassembled for its first flight. The unmanned aircraft, which has the wingspan of a Boeing 737 but is only a third the weight of a typical family car, stayed airborne for 90 minutes and performed well. The fragile structure did suffer some damage when it landed in a stony field some way short of the runway. When it finally goes into service the idea is that it will come to rest on grassland.
By: Elena Grace Flores
The British’s exit from the EU did slumped global stocks as investors were hesitant to spend more money while confusion loomed over its aftermath. The united we stand, divided we fall principle can again be seen here. After the British consulted the EU on how to go about things on its dramatic exit, the market is again visioning hope thus the reason of the slight rise. After all, the UK is not distancing itself from the world powers.
A published in the Manila Bulletin: Britain’s benchmark stock index, the FTSE 100, was up 2.6 percent to 6,298. It has not suffered much because many of its listed companies have global operation and the pound’s drop to a 31-year low will help their exports and boost the value of earnings repatriated to Britain. Domestic companies have taken a much bigger hit. Germany’s DAX advanced 2 percent to 9,636 and France’s CAC 40 gained 2.8 percent to 4,202. Futures augured a positive start for Wall Street. Dow futures added 0.6 percent and S&P futures rose 0.7 percent. Investors appeared to have set aside their anxiety over Britain’s vote, encouraged by solid data on the U.S. economy and housing market. But analysts said market volatility could return any time and it is too early to say that investor confidence has made a full comeback since the vote for “Brexit,” a British exit from the EU. “Stock markets may find it difficult to return immediately to the levels seen before last week’s vote with buyers being wary about being too aggressive in what may yet be just another volatile swing,” said Ric Spooner, chief market analyst at CMC Markets, in a commentary.
Further into MB’s report: Global financial markets were rattled last Friday by the vote’s result, which many investors did not seem to anticipate. Stocks and oil fell, as did the pound, while bonds and gold rose thanks to their perceived status as safe havens. Ratings agency S&P slashed its top-shelf credit rating for the U.K. The British currency recovered some of its losses this week but remained near its 31-year low. On Wednesday, the pound rose 0.5 percent to $1.3408. In other currencies, the yen, which strengthened sharply after the British referendum, lost some gains. The dollar rose to 102.69 yen from 102.63 yen. The euro rose to $1.1090 from $1.1080. In Asia on Wednesday, Japan’s Nikkei 225 jumped 1.6 percent to 15,566.83 and South Korea’s Kospi gained 1 percent to 1,956.36. Hong Kong’s Hang Seng index added 1.3 percent to 20,436.12, while Australia’s S&P/ASX 200 rose 0.8 percent to 5,142.40. Stocks in mainland China, Taiwan, Singapore and Indonesia also were higher. Benchmark U.S. crude rose 60 cents to $48.45 per barrel in New York. The contract added $1.52 on Tuesday. Brent crude, used to price international oils, gained 58 cents to $49.84 a barrel in London.