
CNA938 Rewind - Wrap of Japan's business headlines: Japan-US tariff talks, Nippon Steel deal
CNA938 Rewind
Play
From the Japan-US tariff negotiations, to the latest on the Nippon Steel deal and the idea of a US-Japan sovereign wealth fund, Andrea Heng and Hairianto Diman get a round-up of the business headlines in Japan. For that, they speak with Vishnu Varathan, Managing Director & Chief Economist, Asia ex-Japan, Mizuho Bank.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNA
3 hours ago
- CNA
Local art galleries see up to three times growth in sales compared with last year
Art galleries are seeing growth in sales by as much as three times compared with last year, despite higher costs of living brought on by US tariffs. Some have credited the boom to younger corporate buyers and national efforts in strengthening the landscape such as art fairs and public education on art and culture. Muhammad Bahajjaj with more.


CNA
3 hours ago
- CNA
Bitcoin falls 4% to $99,237
Bitcoin, the world's largest cryptocurrency by market value, was down by 4.13 per cent at $99,237 at 10:52 a.m. ET (1452 GMT) on Sunday. Ether, the second-largest cryptocurrency, was down by around 8.52 per cent at $2,199.


CNA
4 hours ago
- CNA
Texas enacts robotaxi rules on the eve of Tesla's Austin rollout
AUSTIN :Texas Governor Greg Abbott, a Republican, has signed legislation requiring a permit to operate self-driving vehicles just before Tesla's planned launch of a robotaxi trial on Sunday in Austin, according to the governor's website. The law does not take effect until September 1, but the governor's approval of it on Friday sends a strong signal that state officials from both parties want the driverless-vehicle industry to proceed cautiously. A group of Democratic state lawmakers earlier this week asked Tesla to delay its planned robotaxi trial because of the legislation. Neither Tesla nor the governor's office immediately responded to requests for comment. The law marks a reversal from the state's previous anti-regulation stance on autonomous vehicles. A 2017 Texas law specifically prohibited cities from regulating self-driving cars. In recent days, Tesla has sent invites to a select group of Tesla online influencers for a small and carefully monitored robotaxi trial, which the company has said would include 10 or 20 Model Y vehicles operated in a limited zone of Austin. The governor's signature on the law puts the automaker in the position of choosing whether to proceed with a rollout it might have to terminate before September 1. The law requires autonomous-vehicle operators to get approval from the Texas Department of Motor Vehicles before operating on public streets without a human driver. It also gives state authorities the power to revoke permits if they deem a driverless vehicle "endangers the public" and requires firms to provide information on how police and first responders can deal with their driverless vehicles in emergency situations. MUSK'S SAFETY PLEDGES The planned Tesla robotaxi launch, which the company warned might be delayed, comes after more than a decade of CEO Elon Musk's unfulfilled promises to deliver self-driving Teslas. Most of Tesla's sky-high stock value now rests on its ability to deliver robotaxis and humanoid robots, according to many industry analysts. Tesla is by far the world's most valuable automaker. Musk has said Tesla would be "super paranoid" about safety for the Austin rollout. The company planned to operate only in areas it considered the safest and to have "safety monitors" riding in the front passenger seat. It is not clear how much control the monitors would have over the vehicles in an emergency situation. The service in Austin will have other restrictions as well. Tesla plans to avoid bad weather, difficult intersections, and will not carry anyone below the age of 18. Musk has said he is ready to delay the start for safety reasons, if needed. The planned launch has generated buzz among Tesla fans. "Wow. We are going to ride in driverless Teslas in just a few days. On public roads," posted Omar Qazi, an user with 635,200 followers who writes often about Tesla using the handle @WholeMarsBlog and received an invite. Commercializing autonomous vehicles has been risky and expensive. GM's Cruise was shut down after a fatal accident and regulators are closely watching Tesla and its rivals, Alphabet's Waymo, which runs a paid robotaxi service in several U.S. cities, and Amazon's Zoox. Tesla is also bucking the young industry's standard practice of relying on multiple technologies to read the road, using only cameras. That, says Musk, will be safe and much less expensive than lidar and radar systems added by rivals.