Bloomberg The recent brisk rebound in equity markets won’t last as the macroeconomic data continue to deteriorate and earnings forecasts are being slashed, strategists at Goldman Sachs Group Inc. and Sanford C Bernstein warn. “Without clear signs of a positive shift in macro momentum, temporary re-risking could actually increase risks of another leg lower in the market rather than …

  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 …