ABU DHABI / WAM The global media and entertainment services sector is seeing a growing dependence on innovation and artificial intelligence (AI). The value of the sector is estimated to grow to $2.4 trillion next year, with a compound annual growth rate (CAGR) of 3.8% since 2015, according to figures from PricewaterhouseCoopers (PwC). The PwC report expects the sector …

  Bloomberg For almost a decade, Alibaba Group Holding Ltd and Tencent Holdings Ltd embodied China’s economic miracle, sustaining a dizzying pace of growth and approaching trillion-dollar valuations with splashy forays into every corner of the internet. That spectacular run could officially end on Thursday, when the e-commerce powerhouse that Jack Ma founded is expected to record its first-ever decline …

  Bloomberg US stock futures climbed on Wednesday as some of the investor anxiety over tense US-China ties eased, while Treasuries extended a slide sparked by hawkish Federal Reserve comments. S&P 500 futures and contracts on the Nasdaq 100 both rise by about 0.4%. Europe’s Stoxx 600 was little changed as investors assessed signs of resilience in the latest company …