Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
Oil Prices Slip as Iran Talks and Strong Supply Outlook Ease Market Concerns 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
US Dollar Rises as Fed Rate Outlook Stays Hawkish, Euro Slips and Yen Near 40-Year Low 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
Tesla's FSD Approval Pending in China
Tesla Inc. (NASDAQ: TSLA) is still awaiting authorization from the Chinese government to launch its Full Self-Driving (FSD) technology. According to a China Daily report, the company is seeking permission to gather more data, but its proposal remains under review by multiple regulatory authorities.
Data Security Concerns
Data security is a significant concern, impacting Tesla's plans for a 2025 launch of FSD in China and Europe. CEO Elon Musk expressed optimism about receiving regulatory clearance by the end of 2024. Currently, Tesla's FSD, which includes features like self-parking and autonomous lane changes, is a paid upgrade to the existing Autopilot system available in China.
The Future of Autonomous Driving
Despite the advancements, FSD does not equate to complete autonomy; drivers must remain alert and ready to intervene. Following a decline in vehicle sales, Tesla has emphasized FSD and artificial intelligence as key growth areas, with Cybercab—an entirely autonomous vehicle—set for a 2025 release. However, regulatory scrutiny continues to pose challenges for Tesla's global plans for autonomous vehicles.
Tesla did not respond immediately to requests for comments.
