Japan's Economy Slows, Missing Growth Forecasts: A Deeper Dive into the Consequences Jean's economy has been dealt a significant blow as the latest data reveals a sluggish growth rate of 0.3 percent in the second quarter, falling short of initial forecasts. The underwhelming performance can be attributed to a decline in consumption and capital spending, posing significant concerns for the country's economic trajectory. As the world's third-largest economy, Japan's slowdown is likely to have far-reaching implications for the global market. Key Highlights: Sluggish GDP growth: Japan's GDP rose by a mere 0.3 percent in the second quarter, missing initial forecasts and sparking concerns about the country's economic momentum. Decline in consumption: Weakened consumer spending, which accounts for roughly 60 percent of Japan's economy, has been a major contributor to the slowdown. Capital spending sag: A decline in capital expenditure has also hin...
Under their rob taxi agreement, Uber will invest $300 million into electric-car manufacturer Lucid, with plans to launch rob taxi services late next year in at least one big US city. The new partnership was just announced on Thursday. From 2026 and for over six years, Uber will buy and deploy a fleet of more than 20,000 Lucid Gravity SUVs fitted with AV technology from startup Nuro, according to a statement from the three companies. This renewed agreement puts the revival of plans and fundraising for driverless cabs into perspective. The first wave of autonomous driving investment ultimately yielded only a handful of vehicles, whereas Tesla has launched its rob taxi pilot in Austin, and Waymo, the driverless taxi arm of Alphabet, is now expanding its operations. Under the announced deal, Uber will invest hundreds of millions of dollars into Lucid and Nuro, which provide self-driving technology to car manufacturers, the joint statement said. Of that sum, $300 million will go to Luc...