By DebbieH 17 Nov 2017 7 min read

In the news this week: Dubai Air Show, Brexit concerns, and a surprise from Tesla

Commercial awareness is an important part of becoming a successful lawyer. Being able to deliver legal advice in context is essential and will make you very attractive to law firms. One of the best ways to develop your commercial awareness is to stay up-to-date with the top business stories. We’ve made this easy for you with our weekly round-up. This week saw several record sales at the Dubai Air Show and in the auction house with Leonardo da Vinci’s “Salvator Mundi” and a 163-carat diamond. As ever, Brexit has featured heavily in the headlines but there was some good news for High Street stores. 

Airbus made its “largest single announcement ever” this week at the Dubai Air Show. The aircraft manufacturer signed a Memorandum of Understanding with Indigo Partners for a deal valued at $49.5 billion. The deal is for the purchase of 420 aircraft which will be divided between Frontier Airlines, JetSMART, Volaris, and Wizz Air.

The Telegraph has reported an acceleration of growth in almost every corner of the UK. Rising demand and low rates of unemployment appear to be boosting the economy and October saw a nine-month high. However, this may start to slide as we move forwards into 2018.

Brexit concerns have been raised in the food industry this week. One of the biggest dairy producers in the UK has warned that dairy and meat products could be in trouble if Brexit isn’t handled properly by Westminster. Restaurants are concerned that staff shortages will increase the closer we get to leaving the EU. The Guardian also spoke to their readers about how they are coping with rising food prices.

The Tesla Semi, the company’s first electric articulated lorry, was unveiled this week. At the presentation, the new Tesla Roadster was unexpectedly driven out of the lorry. Elon Musk said that the car, due to become available in 2020, would be “the fastest production car ever made”.  

The Local Data company have done a study which revealed that the number of High Street shops that are closing down has reached its lowest level in seven years.