FACTBOX-Key issues for South African voters in wide open 2024 election

FACTBOX-Key issues for South African voters in wide open 2024 election

South Africans will vote in a national election on May 29 with uncertainty about the outcome, as polls suggest the African National Congress may lose its majority after 30 years in power. Key issues include high unemployment rates, sluggish economic growth, power cuts, corruption scandals, high rates of violent crime, and rising anti-immigrant sentiment. The government is working to address these issues, with a focus on job creation, economic growth, and tightening immigration laws.

A new generation of batteries may bolster the EU, ’s green ambitions

A new generation of batteries may bolster the EU, ’s green ambitions

– Sodium is being used to develop rechargeable batteries as an alternative to lithium-ion batteries.
– Sodium-ion batteries are based on more abundant and safer materials than lithium-ion batteries.
– Europe aims to increase its share of global battery-cell production to 25% by 2025.
– Sodium-ion batteries could be cheaper for storing energy in homes, power tools, and small vehicles.
– Sodium-ion batteries offer the prospect of cheaper and cleaner energy for households in Europe.

Meta to expand AI image generation offerings for ads

Meta to expand AI image generation offerings for ads

Meta Platforms is expanding its suite of generative AI ads products to offer tools that can automatically create variations of images and overlay text atop them. The tool will launch in test form without watermarks, and Meta is still working on how labelling will work for ads. The company is also adding text-generation offerings for headlines and key selling points, as well as the capability to overlay text onto generated images directly. Advertisers will be able to upload images of their products and generate other versions by adjusting orientation or showing people using them in different settings.

UK tells tech firms to , ‘tame algorithms’ to protect children

UK tells tech firms to , ‘tame algorithms’ to protect children

Fact: Social media platforms like Facebook, Instagram, and TikTok will have to “tame” their algorithms to filter out or downgrade harmful material to protect children under proposed British measures.

Campus Gaza rallies may subside, but experts see possible ‘hot summer of protest’

Campus Gaza rallies may subside, but experts see possible ‘hot summer of protest’

About a dozen students were arrested during a sit-in at a Denver college campus, but emerged from detainment to cheers from fellow pro-Palestinian protesters. The protesters are demanding a permanent ceasefire in Gaza, university divestment from companies profiting from the war, and amnesty for disciplined or fired protesters. Academics believe that maintaining the energy of the movement once students leave campus will be a challenge, but the protests have spread across the country and to smaller universities, showing staying power. The movement may evolve or fade away, but students in Denver are committed to continuing their protests until their demands are met, even through summer break and into the fall. Police responses to protests have ignited a sense of activism in a new generation of students, and there are expectations for a summer of protest leading up to the presidential election. Michael Heaney, a lecturer in politics, believes that the protests are just one tactic in a wider movement and that they could grow if Israel’s offensive in Gaza continues. Despite the potential for the campus to become a ghost town after graduation, student protesters in Denver are determined to continue their encampment.

Shell Nigeria pays $1.09 billion taxes, royalties in 2023

Shell Nigeria pays $1.09 billion taxes, royalties in 2023

Shell Nigeria paid .09 billion in corporate taxes and royalties to the Government of Nigeria in 2023 through the operations of SPDC and SNEPCo.

NBR grants Tk1.25 lakh cr income, corp tax incentives

NBR grants Tk1.25 lakh cr income, corp tax incentives

The National Board of Revenue (NBR) granted an estimated Tk 1,25,813 crore exemption on income and corporate taxes, which is 3.56% of the country’s GDP. Tk 40,498 crore was exempted at the individual taxpayer level, while Tk 85,314 crore was incentivized at the corporation level. The NBR provided Tk 15,315 crore in corporate tax exemptions for microcredit programs and Tk 8,380 crore for the power and energy sector. Tk 11,287 crore was exempted on remittance at the individual taxpayer level. The IMF has proposed to withdraw tax incentives on remittance and other types of investments. Industry insiders oppose the withdrawal of tax incentives for the information technology industry.

Reddit shares soar as earnings show advertising, AI licensing revenue potential

Reddit shares soar as earnings show advertising, AI licensing revenue potential

Reddit shares soared 14% after strong revenue growth and improving profitability in its first earnings since its market debut.

Government bill aims to expand authority of private security guards

Government bill aims to expand authority of private security guards

The government is proposing a major overhaul of the legislation governing security guards and private security companies to prevent individuals with private security licenses from working for criminal organizations. The new bill grants security guards powers similar to police officers, except for carrying firearms, and includes conducting searches, using detection dogs, and wearing uniforms. The bill redefines “security guard” and specifies the services they can provide. Companies can hold multiple licenses based on the services they offer, and the use of force is limited, with batons generally prohibited.

Options for Navigating the 2025 Tax Cuts and Jobs Act Expirations

Options for Navigating the 2025 Tax Cuts and Jobs Act Expirations

The text discusses the upcoming expiration of the 2017 Tax Cuts and Jobs Act (TCJA) in 2025 and provides insight into various tax reform options. Lawmakers will need to decide on priorities for tax reform, including maintaining the TCJA policies or implementing fundamental reforms. The text outlines two alternative reform options that focus on better cost recovery for business investment, lower individual rates, and a broader tax base. These options aim to grow the economy, provide revenue, and avoid increasing the deficit. Lawmakers are encouraged to prioritize growth and fiscal responsibility in designing tax legislation to prevent a tax hike in 2025.