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The communications sector is comprised of a broad range of companies that sell phone and Internet services via traditional landline, broadband, or wireless. The sector also includes companies that are major creators and producers of movies, television shows, and other content. Well-known companies in the communications sector include Facebook Inc. (FB), Comcast Corp. (CMCSA), and T-Mobile U.S. Inc.

Facebook’s oversight board is investigating claims the social media group allowed some high-profile users to break its rules and accused the company of withholding information on the matter. The board, a ‘Supreme Court’ style body created to oversee its content moderation processes, on Tuesday said it was looking into “the degree to which Facebook has

Omar Marques | LightRocket | Getty Images DraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, people familiar with the matter told CNBC’s David Faber on Tuesday. The offer is largely in DraftKings stock, along with cash, according to the sources. The U.K. gaming company rejected an all-stock offer

UK household energy bills would need to rise by more than £550 a year if the price of gas stays at its current level and without government intervention, industry experts have warned. The UK price cap, which will limit the average annual bill for gas and electricity to £1,277 from next month, would need to

What Is Bitcoin Mining? Bitcoin mining is the process by which new bitcoins are entered into circulation; it is also the way that new transactions are confirmed by the network and a critical component of the maintenance and development of the blockchain ledger. “Mining” is performed using sophisticated hardware that solves an extremely complex computational

Inflation will continue to rise over the next two years, according to revised projections by the OECD, which expects price increases to be significantly higher in 2021 and in 2022 than it previously forecast for most G20 countries. Laurence Boone, OECD chief economist, said managing inflation would be “a very difficult balancing act” for policymakers.

Revolut CEO Nikolay Storonsky speaks onstage at the TechCrunch Disrupt conference in San Francisco, California. Kimberly White | Getty Images Revolut, the global fintech player valued at $33 billion, will soon offer commission-free stock trading to U.S. customers for the first time, CNBC has learned. The start-up is set to announce Tuesday that it secured

The UK’s inaugural “green gilt” sale was met with record demand on Tuesday, as the country belatedly joined a growing number of European governments that have sold bonds with proceeds earmarked for environmental spending. Investors queued up to buy the new 12-year bond, placing more than £100bn of bids — the highest ever for a

Lyft vs. Uber: An Overview Sometimes it’s safer or more convenient to leave the driving and traffic headaches to someone else. This idea is what eventually grew into ridesharing giants Uber (UBER) and Lyft (LYFT), the two quintessential transportation service companies. In a race to the finish line, Uber released its long-awaited initial public offering

Shares in Asia swung between gains and losses in the wake of Wall Street’s worst one-day fall in four months, as investors braced for the possibility of a default by Chinese property developer Evergrande. Shares in Japan sold off sharply on Tuesday, after being closed on Monday for a public holiday, with the benchmark Topix

The number of Americans who have died from Covid-19 has surpassed the death toll from the 1918 Spanish flu pandemic as the US struggles to respond to a resurgence of the virus. The grim milestone coincides with a new wave of severe illness and hospitalisations among largely unvaccinated people in southern and mid-western US states.

What Is Orange Juice Trading? Orange juice trading has become popular globally, and trading volumes continue to increase. Being one of the world’s most popular fruit juices, orange juice trading attracts various market participants, including farmers, processors, storage houses, market makers, and arbitrageurs.  Multiple financial instruments, like futures and options, are available for trading orange juice. A futures

An artist’s illustration of the Axiom modules attached to the International Space Station. Axiom Space The National Aeronautics and Space Administration plans to retire the International Space Station by the end of this decade, so the U.S. space agency is turning to private companies to build new space stations in orbit – and expects to

Apple has finally cracked it in streaming entertainment, but in the most unApple-like way. The premium products company prizes itself on the coolness and sophistication of its hardware, so it was strange to see it lauding the success today of an Apple TV Plus comedy series that has anything but those qualities. Ted Lasso is

The liquidity crisis at Chinese property developer Evergrande shook global stock markets on Monday, with shares falling in Asia, Europe and the US. On Wall Street the S&P 500 fell 2.7 per cent in mid-afternoon trading, putting the index on track for its worst day of trading in almost a year. The sell-off hit the entire

Real estate salespeople and other licensees who are required to work for and under the umbrella of a designated broker are often referred to as real estate agents. In legal language, the term agent refers to the strictly defined relationship between a real estate salesperson and the buyers and sellers with whom they conduct business. An agent

Canadians go to the polls on Monday to elect a new parliament after an unexpectedly tight race set against the backdrop of a fourth coronavirus wave, in which Justin Trudeau’s Liberals have struggled against an energised Conservative opposition. Polls show the Liberals under Trudeau are likely to emerge once again as the largest minority party

This article is part of a guide to New York from FT Globetrotter It is no longer just the daring and the skinflint who base themselves in Brooklyn rather than Manhattan when (Covid travel restrictions permitting) they visit New York. Just a skip across the water from the East Village, Williamsburg is now so thoroughly

When an investor purchases or sells shares of stock, the price paid may include two components: the cost of the shares and any fee charged by the brokerage firm that makes the transaction. This fee is called the commission. Online brokers have been caught in an all-out price war lately. As of May 2020, many

Six senior Evergrande executives face “severe punishment” for securing early redemptions on investment products that the indebted Chinese property group subsequently told retail investors it could not repay on time, the company has said. The admission comes ahead of a critical fortnight for the developer, which is struggling to repay investors, banks and bondholders, as

Australia’s prime minister Scott Morrison defended his decision to renege on a submarine deal with the French government as acrimony continued over Canberra’s decision to sign a new security pact with the US and UK. Morrison said he did “not regret the decision to put Australia’s national interest first” in comments that came just hours

Interest rate parity (IRP) is the fundamental equation that governs the relationship between interest rates and currency exchange rates. The basic premise of interest rate parity is that hedged returns from investing in different currencies should be the same, regardless of the level of their interest rates. There are two versions of interest rate parity:

Lufthansa is to raise more than €2.1bn by offering new shares to investors, the German carrier said on Sunday, and use the proceeds to repay the multibillion-euro bailout it received from Berlin in the summer of 2020. The long-anticipated capital raising, underwritten by 14 banks and due to be completed in early October, will help

An Amazon worker delivers packages amid the coronavirus disease (COVID-19) outbreak in Denver, Colorado, April 22, 2020. Kevin Mohatt | Reuters Though the markets are off from their highs, analysts believe that several companies still have room to grow. Innovations in point-of-sale technology, acquisitions of buy now, pay later firms, and trend shifts to cloud-computing

The UK’s largest energy suppliers are requesting a multibillion-pound emergency support package from the government to help them survive the crisis sparked by high gas prices, including the creation of a “bad bank” to absorb potentially unprofitable customers from failing rivals. Kwasi Kwarteng, UK business and energy secretary, is holding emergency talks with regulator Ofgem

For investors in a company, it can be pretty exciting to hear that a stock you own is about to be split, as it indicates the company’s value has outgrown its share price. While it doesn’t actually make your investment any more valuable in and of itself, new investors may be attracted to the new

When Vivendi rejected an $8.5bn offer from SoftBank to buy Universal Music Group in 2013, industry analysts and executives were baffled.  The French group turned down a price that was $2bn to $3bn more than analysts’ valuations of Universal. Hammered by piracy brought on by the advent of the internet, music revenues had shrunk every

Just over a year ago, Erin O’Toole took over an opposition party reeling from its failure in Canadian parliamentary elections and hobbled by its socially conservative leader’s opposition to gay marriage, abortion and action on climate change. So when Prime Minister Justin Trudeau announced a snap election in Canada last month, most political analysts expected

President Joe Biden campaigned on an economic platform to shore up the middle class, extend health care, raise taxes on the wealthy, and invest trillions of dollars in green energy infrastructure, among other issues. On March 11, 2021, Biden won his first major economic victory when he signed the American Rescue Plan Act of 2021

Boris Johnson will meet Joe Biden in the White House this week as he seeks to rejuvenate transatlantic relations following the west’s chaotic withdrawal from Afghanistan. Britain been openly critical of the president’s decision to pull US troops out of Afghanistan by the end of August. The two world leaders are expected to discuss the