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Following recent news that SKELDAR V-200 VTOL UAV has been selected for the Belgian and Dutch MCM program; Captain (Rtrd) Nurettin Sevi, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Sea mines are very cost-effective, easy to deploy and becoming more sophisticated and highly deadly. Even though some sea mines […]
UK auto industry will struggle without targeted government support
Following the news that the UK Government has launched a stimulus package to support the UK economy, but omitted any automotive sector specific measures such as scrappage incentives; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The UK Government faces a big challenge in getting the UK economy […]
B737 MAX’s troubles could extend far beyond current COVID-19 crisis
Following the recent news that Avolon has canceled an additional order of 27 B737 MAX; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Bad news appears to come unabated since the beginning of the year for Boeing’s B737 MAX. After the deferral of […]
Ineos talks with Daimler could deal a big blow to Welsh economy
Following the news that Ineos Automotive – which is planning to launch a new 4×4 utility vehicle in 2022 – is in talks with Daimler over the possible acquisition of its Hambach, France, manufacturing plant; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Although nothing is finally decided […]
Argentina’s renewable electricity generation on track for 2025 target despite COVID-19 disruptions
Argentina’s attempts to continue expanding renewable energy capacity addition is not expected to be disrupted by the COVID-19 pandemic. By 2025, the renewable electricity generation is anticipated to be in the range of 20-25TWh, against an overall expected demand of over 100-140TWh, according to GlobalData, a leading data and analytics company, making the target set […]
Tesla resilience will continue to confound COVID-19 crisis, says GlobalData
Following the news that Tesla’s market capitalisation now exceeds that of Toyota, making it the most valued carmaker in the world; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The automotive sector is among the most severely impacted by the COVID-19 crisis and facing decimated markets this year. […]
Orsted’s three major US offshore projects risk being delayed due to COVID-19
Pre-COVID-19, Orsted built an early lead into the US market. However, the outbreak has caused its 1.08GW Ocean wind project, 0.9GW Sunrise project and the 0.7GW Revolutiont to run the risk of getting delayed, as well as smaller offshore wind projects Skipjack and South Fork, which are expected to miss their completion deadline of 2022. […]
COVID-19 crisis tightens Congressional oversight on US defense spending
Following the recent release of Congressional markups of the National Defense budget request for Fiscal Year 2021; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Few would actually be surprised by the markups proposed by the House and Senate respective Armed Services Committees (HASC and SASC) […]
Europe’s light vehicle market faces long recovery climb
Following ACEA’s latest assessment that new car sales in the European Union will fall by 25% in 2020; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “In May, the European passenger car market (EU+EFTA+UK) suffered another sharp drop, with new registrations falling by 57.2% on last year. “However, […]
BMW and Mercedes reset autonomous drive collaboration due to COVID-19
Following the news that BMW and Mercedes-Benz are putting their autonomous drive technology collaboration on hold; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The two companies cited the cost of developing a new next generation shared autonomous drive technology platform, as well as current business and economic […]
Global deal activity showcased decline during week ended June 14
A total of 1,136 deals were announced globally during the week ended June 14, 2020, which is a decrease of 3.8% over 1,181 deals announced during the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Global deal activity has remained inconsistent due to volatile market conditions since the COVID-19 […]
Down but not out: Europe’s depleted car market is on recovery course
Following the news from ACEA that in May, the European passenger car market (EU+EFTA+UK) suffered another sharp drop, with new registrations falling by 57.2% on last year; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “The sharp May drop was expected and in line with our forecasts. It […]
Canadian electricity demand declines in key provinces in wake of COVID-19 lockdown
The three largest provincial power markets in Canada – Quebec, Ontario, and Alberta – consume more than 70% of the country’s total electricity supply. Since the implementation of the country’s COVID-19 lockdown measures all three provinces have experienced a decline in electricity consumption principally due to reduced loads from industrial and commercial customers according to […]
Geely-owned Volvo Cars getting China benefit, says GlobalData
Following the news that Geely-owned Volvo Cars’ global sales total was 208,479 for the first five months of this year, down just 25% on last year; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Volvo Cars has a balanced spread of sales around the globe and that is […]
Car scrappage scheme would quickly benefit UK economy
Following reports that a scrappage scheme to boost UK vehicle sales is now unlikely; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “Just a few days ago, it seemed that a £6,000 new car purchase incentive scheme was close to being signed-off, but it looks like the Treasury […]
Direct-to-consumer at-home COVID-19 tests to shift diagnostic testing landscape
Following news that Phosphorus received emergency use authorization (EUA) from the Food and Drug Administration (FDA) for its at-home COVID-19 saliva test; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “As critical shortages of testing supplies and kits still remain a major concern, the increase of at-home […]
With 62% of UK buying less clothing, Primark’s reopening will be met with caution
The reopening of Primark stores in the UK will be met with consumer caution in the long-term, says GlobalData, a leading data and analytics company. GlobalData’s COVID-19 tracker survey, published 3rd June, shows that 62% of respondents in the UK said that they have stopped buying, or are buying significantly less, clothing since the outbreak of […]
Weak financial outlook and the impact of COVID-19 led to the downfall of Whiting Petroleum
The outbreak of the COVID-19 pandemic has intensified the challenges faced by Whiting Petroleum, leading to a mediocre overall performance. As a result, in a matter of four months, stocks of Whiting Petroleum nose-dived from US$7 to less than US$1 and the company eventually filed for bankruptcy. Kumar Nishant, oil and gas analyst at GlobalData, […]
Clinical trials are adapting to a patient safety concerns over COVID-19
When clinical trials that were delayed since the beginning of the COVID-19 pandemic resume, it is highly probable that potential trial subjects will have a heightened sense of anxiety regarding COVID-19 and therefore may have reservations about participating, says GlobalData, a leading data and analytics company. Mohamed Abukar, MSc, Clinical Trials Analyst at GlobalData, comments: “In […]
Women are more likely to develop dry eye syndrome than men with total cases in the 9MM set to reach 162 million by 2028
Nearly 60% of all diagnosed prevalent cases of dry eye syndrome (DES) occur in women. Women who are pregnant, on certain types of birth control, and on hormone replacement therapy show increased rates of DES, according to GlobalData, a leading data and analytics company. Hormone imbalances during pregnancy, lactation, low estrogen levels after menopause, and […]