ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
Trump Signals Possible U.S.-Iran Peace Deal as Hormuz Reopening Nears 
Asian Stocks Slide as Tech Selloff Deepens and US-Iran Conflict Escalates 
Japan Core Inflation Seen Steady in May Ahead of BOJ Rate Hike 
Gold Prices Slide Toward Second Weekly Loss as Fed Rate Hike Expectations Weigh on Market 
Trump Signals Opposition to USMCA Renewal as U.S. Reviews Trade Relations with Canada and Mexico 
Oil Prices Fall as Trump Signals Iran Deal, Reducing Supply Risk Concerns 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
US Dollar Heads for Weekly Loss as Iran Peace Deal Hopes Boost Risk Appetite 
Gold Prices Slip Weekly Despite Friday Rebound as U.S.-Iran Peace Deal Hopes Grow 
Asian Stocks Rally as Trump Signals Iran Peace Deal; Tech and Chip Shares Rebound Strongly 
New Zealand Manufacturing Slips Back Into Contraction in May 
Wall Street Rallies as SpaceX IPO Soars and U.S.-Iran Peace Deal Hopes Grow 
Trump Says Iran Peace Deal Near as Markets Rally and Oil Prices Fall 
Asian Currencies Mixed as Dollar Slips on Iran Peace Hopes and Fed Rate Outlook 
Asian Stocks Surge as Middle East Peace Hopes Lift Markets; SpaceX IPO Shatters Records 
Dollar Stabilizes as Markets Weigh Middle East Ceasefire Prospects and Central Bank Policy Outlook 
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.
