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Following news that the US has announced it will ban mainland Chinese airlines from serving the US from June 16; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the current situation: “The move from the US comes as Beijing continues to block US carriers from […]
More cancellations set to strike Airbus as COVID-19 will disrupt air travel for the long haul
Following the news that SAS Scandinavian Airlines will defer and review its order book with Airbus. Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation; “Scandinavian airlines SAS is only the latest of a growing number of airlines engaging in a slimming down of […]
Disruption to Switzerland’s export and tourism-led economy will hurt payments industry
Payments companies in Switzerland are losing significant amounts due to reduced consumer spending due to a collapse in hotels and general tourism, according to GlobalData. Swiss tourism revenue is expected to shrink by 18% in 2020, according to the Valais University of Applied Sciences and Arts. This would mean the hotel industry alone losing in […]
Rise in UK pet owners during lockdown a rare opportunity for insurers
The number of individuals purchasing pets in the UK has surged since the lockdown measures were implemented by the government. Such a sudden increase in the number of pet owners gives pet insurers the opportunity for growth in 2020, according to GlobalData. In 2019, the pet insurance market contracted slightly by 1.8%, according to the […]
mRNA-based vaccine technology innovate approach to treating COVID-19
Messenger RNA (mRNA) based vaccine technology is emerging as one of the frontrunners among the technologies being evaluated to develop a vaccine for COVID-19, with eighteen candidates currently in development globally, according to GlobalData, a leading data and analytics company. Keshalini Sabaratnam, Pharma Analyst at GlobalData, comments: “RNA vaccines are an innovative approach as they […]
Leronlimab shows promise as a treatment for COVID-19
CytoDyn’s Leronlimab is a promising candidate for the treatment of COVID-19 and is currently forecast by GlobalData to have global peak sales of $747m in 2026 – putting it in second place after remdesivir, according to the current GlobalData sales forecast for COVID-19. Leronlimab is behind remdesivir in GlobalData’s estimates as remdesivir has emergency use authorization, […]
E-scooters popularity in UK presents opportunity for insurers
The use of e-scooters has expanded across the globe and their rise in popularity in the UK will create an opportunity for insurers that are quick to act, according to GlobalData. Findings from GlobalData’s report, ‘Thematic Research: Sharing Economy in Insurance’, highlights that insurance options are limited for micro-mobility solutions. Liability is not clearly understood, […]
Global deal activity rebounded with 5.6% increase during week ended May 17
A total of 1,183 deals were announced globally during the week ended May, 17, 2020, which is an increase of 5.6% over 1,120 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 […]
UAE low-cost carriers could grow post-COVID-19
Hungarian ultra-low cost carrier Wizz made a bold statement when it said its Abu Dhabi investment remained a key priority. The comments from the airline may seem out of place at a time when flights are grounded due to the COVID-19 pandemic, but they reflect the anticipation that the UAE’s low-cost carriers (LCCs) could witness […]
Lockheed Martin accelerate more payments to supply chain amidst COVID-19 disruptions
Following the news that Lockheed Martin will again accelerate payments of US$300m to small critical suppliers: Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on Lockheed’s decision; “This US$300m of accelerated payment is only the latest of a growing list. The company has kept adding such […]
Diagnosed prevalent cases of angina pectoris in the US is projected to increase by 20.4% over next decade
The diagnosed prevalent cases of angina pectoris is expected to increase from 19.58 million cases in 2018 to 22.79 million cases in 2028, at an annual growth rate (AGR) of 1.64% across the seven major markets 7MM*, according to GlobalData, a leading data and analytics company. Of the 7MM, the US is expected to have […]
N Brown has failed to capitalise on COVID-19 shifting spend online
Following today’s release of N Brown figures for the 6 weeks ending 16 May, Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Despite N Brown’s performance improving in the last six weeks compared to when the UK lockdown initially caused sales to plummet, the retailer has struggled to capitalise on demand shifting […]
Boeing adapts to new realities of commercial air travel post-COVID-19 with safe travel initiative
Following yesterday’s (Thursday 14 May) news that Boeing is launching a Confident Travel Initiative to prepare commercial aviation for a post-COVID-19 world; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on Boeing’s initiative: “The COVID-19 pandemic has had a devastating impact on the air travel industry, […]
Mexican factory restart delays could scupper US automaker restarts
Following the news that the Mexican Government has pushed back the restart date for the Mexican auto sector to 1st June; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “If enforced, this would have deep ramifications for vehicle assemblers in North America due to intertwined component trading that […]
Vestas transformation plan will help it remain relevant with its competitors
Vestas transformation plan involving the layoff of around 400 employees across different functions that do not directly support its 2020 deliveries, will help the company remain relevant with its competitors and quickly adjust to disruptions caused by the COVID-19 pandemic, says GlobalData, a leading data and analytics company. Somik Das, Power Analyst at GlobalData, comments: […]
New missile sales shift post-COVID-19 Boeing further towards defense
Following yesterday’s (Wednesday 13 May) announcement of Boeing’s US$3.1bn sales of air-to-surface missiles to supply Saudi Arabia and other allies; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the future of Boeing: “Boeing did not register any new commercial airplane orders for the entire month […]
The show goes on as COVID-19 shakes up fashion event calendar
The global coronavirus pandemic has led to the cancellation of a number of fashion industry events, but organisers are keeping the shows on the road by successfully turning to new virtual forums instead, says GlobalData, a leading data and analytics company. Beth Wright, Apparel Correspondent for GlobalData, comments: “Health and travel concerns have rocked the […]
Mitsubishi postpones regional jet program due to COVID-19 disruptions
Following yesterday’s (Monday 11 May) news that Mitsubishi Heavy Industries is postponing its SpaceJet regional airliner program; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Mitsubishi Heavy Industries has been attempting to enter the regional jet market since the launch of the 70-passenger […]
SunCrafter gets innovative by reusing end of life solar PV modules as hand sanitizers
The COVID-19 pandemic has pushed various organizations such as SunCrafter to come up with technological solutions to limit the spread of the virus. SunCrafter is now working with partners to build a roadmap to manufacturing a significant number of its creative solution, which develops hand sanitizers by using end-of-life photovoltaic (PV) modules. The technology can […]
M&A activity in renewable sector to decline amid COVID-19
The number of merger and acquisition (M&A) deals completed within the renewable industry in Q1 2020 dropped by nearly 25% from Q4 2019. These M&As are being affected by factors such as risk aversion from prospective buyers, difficulty in conducting due diligence, deal financing challenges, and additional time required to obtain the necessary approvals. However, […]