economic growth

How will the new corporate tax bill impact R&D spending in the US? – The CFO

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How will the new corporate tax bill impact R&D spending in the US? - The CFO

The text discusses the importance of research and development (R&D) spending for innovation, economic growth, and competitiveness in the global market. It highlights concerns about the impact of the proposed tax bill on R&D spending, particularly the treatment of R&D expenses in the tax code. Companies are urging lawmakers to restore full and immediate expensing for R&D investments to incentivize innovation and business growth. Lawmakers are encouraged to consider the long-term benefits of supporting R&D spending and to provide incentives for companies to engage in R&D activities. Collaboration between the government and industry is also emphasized to maximize the impact of R&D investments.

Geopolitics, Fed and Chinese GDP

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Geopolitics, Fed and Chinese GDP

Geopolitical tensions are causing caution among investors, with concerns about potential retaliation from Israel against Iran. The Nasdaq index fell below its 50-day SMA, indicating a possible sell-off. US economic data, including industrial production and Fed Chairman Jerome Powell’s speech, are being closely watched. Oil prices are influenced by tensions in the Middle East, with the possibility of Brent crude reaching 0. Gold prices are anchored by inflation expectations and geopolitical tensions, with potential for further increases. China’s strong GDP growth is seen as positive for gold demand. Powell’s speech and potential oil price increases could impact inflation. Gold prices are expected to continue rising, potentially reaching ,500.

Federal budget to include tax hikes for wealthiest Canadians, some corporations

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Federal budget to include tax hikes for wealthiest Canadians, some corporations

The federal government will make tax changes in Tuesday’s budget aimed at raising more revenue from wealthy Canadians and certain corporations.

Markets remain volatile, despite relief rally

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Markets remain volatile, despite relief rally

The text discusses a small market relief rally following Iran’s missile and drone strike on Israel, with US stock futures rising and gold and oil prices slightly lower. The CEO of deVere Group warns investors not to be complacent, as the situation in the Middle East remains volatile and any disruption in oil production could have significant implications for energy prices worldwide. The ripple effects on financial markets could impact investor sentiment, corporate profits, consumer spending, inflation, and central bank monetary policy. Investors are advised to seek refuge in sectors less sensitive to geopolitical risks and to conduct thorough research, diversify portfolios, and consult with a financial advisor before making investment decisions.

India’s Modi promises to create jobs, boost infrastructure if BJP wins third term

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India’s Modi promises to create jobs, boost infrastructure if BJP wins third term

The Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) promised to create jobs, boost infrastructure, and expand welfare programs if it wins a third term in the upcoming elections. The election will be held in seven stages until June 1, with results expected on June 4. Unemployment, inflation, and rural distress are major concerns despite strong economic growth, and Modi’s focus is on addressing these challenges. The manifesto, titled ‘Modi’s Guarantee,’ aims to create jobs in various sectors and expand welfare programs such as free health insurance and subsidized cooking gas connections. Modi emphasized the importance of improving the quality of life and creating opportunities for India’s youth.

IEA trims oil demand forecast on weakness in wealthier countries

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IEA trims oil demand forecast on weakness in wealthier countries

The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth by 130,000 barrels per day to 1.2 million bpd due to lower than expected consumption in OECD countries and a slump in factory activity.

Taxes & Government Revenue

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Taxes & Government Revenue

Countries need to increase tax collection to finance investments in human capital, infrastructure, and services. Many developing countries are struggling to collect enough revenue, with some collecting less than 15% of GDP in taxes. To resume economic growth and reduce poverty, tax systems need to be made more equitable and efficient.

ANALYSIS-Not just growth and nationalism: India’s Modi campaigns on foreign policy

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ANALYSIS-Not just growth and nationalism: India’s Modi campaigns on foreign policy

India’s ruling party credits Prime Minister Narendra Modi for stopping the Russia-Ukraine war two years ago to rescue and repatriate nearly 20,000 stranded Indian students. The video shared by Modi on YouTube has gained nearly 650,000 views. Foreign policy has become a key focus in the upcoming general election, with Modi’s global stature being a significant factor.

World faces persistent low growth in absence of productivity reforms, IMF says

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World faces persistent low growth in absence of productivity reforms, IMF says

Global economic growth is projected to reach just 2.8% by 2030, a full percentage point below the historical average, unless major reforms are made to boost productivity and leverage technologies like artificial intelligence, according to the IMF.

Koumis wants tourism cooperation with other countries

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Koumis wants tourism cooperation with other countries

Fact: Deputy Minister of Tourism, Kostas Koumis emphasized the importance of international collaboration to overcome challenges facing the tourism sector during the 70th Session of the Europe Commission of the World Tourism Organisation (UNWTO) in Tirana.