US Employment Growth Likely Slowed in May as Labor Market Remains Stable Amid Oil Price Pressures 
SpaceX Targets Record-Breaking $75 Billion IPO at $135 Per Share in Historic Market Debut 
Wildfires ignite infection risks, by weakening the body’s immune defences and spreading bugs in smoke 
South Korea Weighs AI Profit Sharing as Samsung and SK Hynix Earnings Surge 
How to create a thriving forest, not box-checking ‘tree cover’ 
Jensen Huang Strengthens Nvidia’s South Korea Ties Amid AI Expansion 
US Expands Iran Sanctions, Targets Major Crypto Exchanges and Individuals 
BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions 
Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO 
Asian Currencies Stabilize as U.S. Dollar Remains Strong Ahead of Key Jobs Data 
Honeywell Aerospace Targets $6.5 Billion Earnings by 2030 After Spin-Off 
Oil Prices Climb as Middle East Tensions Escalate and Ceasefire Prospects Fade 
RBI Holds Interest Rates at 5.25%, Cuts India Growth Forecast Amid Rising Global Risks 
Foreign Firms Cash In on India's IPO Boom 
US Stock Market Tumbles as Tech and Semiconductor Stocks Lead Massive Selloff 
US Dollar Poised for Weekly Gain as Middle East Tensions and Payroll Data Boost Market Focus 
Japanese taxi operators are replacing their gas-powered models with electric vehicles (EVs) as the government shifts toward decarbonization.
Mobility Technologies Co., the Tokyo-based operator of taxi-booking app Go, began encouraging its 100 partner companies in December to incorporate 2,500 EVs and 2,900 chargers by 2031.
Mobility Technologies will buy EVs from automakers with the government’s Green Innovation Fund subsidy program covering two-thirds of the purchase costs covered.
Toyota Motor Corp.’s bZ4X as well as Nissan Motor Co.’s Ariya and Leaf are expected to be bought and leased to cab companies, and more models will later be added to the project.
EVs accounted for just 0.1 percent of 210,000 taxis across Japan as of 2021, according to statistics. Cabs run an estimated seven times longer than personal vehicles per day.
Hiroshi Nakajima, president of Mobility Technologies, said they will help replace gas-powered cabs with EVs while easing taxi companies’ burden, such as establishing a mechanism for cheaper electricity.
Japanese taxi operators cannot secure EVs on their own, having struggled financially from the pandemic-related decline in overseas tourist numbers and higher gas prices. TheyConsequently, so many closed down when their cabs needed to be replaced.
