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The number of deals announced in the global travel and tourism sector declined by 31.3% during the week ended May 31, 2020 compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The travel and tourism sector is among the worst hit due to travel restrictions and lockdowns […]
Five bio/pharmaceutical companies that accepted PPP loans are developing COVID-19 therapies
Paycheck Protection Program (PPP) loans from the US Government were taken out by at least 49 publicly traded bio/pharmaceutical companies from the $659bn loan program, according to GlobalData, a leading data and analytics company. Of these, five are working on COVID-19 therapies. The SBA loans were originally intended to aid small businesses to cover payroll, […]
COVID-19 likely to cause diversification of retirement funding
COVID-19 has highlighted the vulnerability of capital markets to external shocks and makes the diversification of retirement funding increasingly likely, according to GlobalData, a leading data and analytics company. GlobalData’s 2020 UK Life & Pensions Survey found that over half of all respondents identified an employer pension as being part of their plan to fund […]
Another delivery deferral threatens chances of come back for the B737 MAX
Following today’s (Wednesday 3 June) news that SMBC Aviation Capital is deferring 68 B737 MAX deliveries; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “The deferral of 68 B737 MAX from leasing company SMBC Aviation Capital is another blow for Boeing, adding to […]
New ICAO guidelines could keep wide-body aircrafts grounded in post-COVID-19 air travel
Following the recent adoption of new guidelines on air transport safety by the International Civil Aviation Organization (ICAO); Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “As a UN agency, the ICAO is expected to play a leading role in the recovery of the air travel […]
Reopening communities involves looking at the epidemiology
As the global COVID-19 crisis continues, countries are taking stock of the current epidemiology information on the disease and attempting to evaluate if it is safe to open their societies again. The number of new cases in several countries has slowed; however, reopening communities too soon may lead to significant spikes in case numbers at […]
COVID-19 pandemic has led to reduced coal-based electricity generation
Due to liquidity constraints and lack of sales, coal mines and power plants are scaling down or halting their operations, which will significantly impact the sector’s growth outlook, says GlobalData, a leading data and analytics company. In the UK, the effects of the COVID-19 pandemic have led the government to halt all but four of […]
Embraer will need state help to survive COVID-19 crisis
Following the recent news that Embraer is reportedly seeking US$600m in credit line to public and private financers; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “This decision is not a surprise for a company currently struggling with the collapse of air travel […]
As Europe’s auto industry re-opens for business, May markets exceed expectations
For the three national markets of France, Italy and Spain, combined new light vehicle sales fell by 55% on last year to 268,000 in May, which compares with a 75% drop in March and a staggering 93% decline in April; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: […]
Construction is fastest growing sector in Germany
The German Government exempted the construction sector from the lockdown measures imposed in March. While these exemptions helped keep construction sites open during the pandemic, the wider economic slowdown will hamper investment growth in the sector. Reflecting this, GlobalData expects construction industry output to record a contraction of 4.4% in real terms in 2020. Moustafa Ali, […]
Octopus Energy’s smart EV service customers benefit from plummeting electricity prices in the UK
Low demand for power during the COVID-19 lockdown combined with the surging wind and solar generation caused electricity prices to plummet over the UK’s bank holiday weekend. Customers of Octopus Energy’s Agile green tariff benefited from this as they were paid up to 11p per kWh on May 23 to use electricity for charging their […]
Enel sets up Global Task Force to maintain business continuity through COVID-19 pandemic
Enel SpA (Enel), an energy utility, which generates, transports, and distributes electricity in 33 countries has set up a Global Task Force to maintain business operations and keep its employees safe through the COVID-19 pandemic, according to GlobalData a leading data and analytics company. Somik Das, Senior Power Analyst at GlobalData, comments: “Enel’s task force provides […]
COVID-19 exacerbates Ted Baker’s troubles
Following today’s release of Ted Baker FY figures for 2019/20, Emily Salter, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘After a turbulent 2019, COVID-19 has dashed any hopes of a recovery in 2020 for Ted Baker as fashion is forecast to be one of the most negatively impacted sectors, with GlobalData predicting […]
Refiners worldwide hit hard by fuel demand destruction caused by lockdowns and stringent travel restrictions
Stringent travel restrictions worldwide have wiped out the market for fuel transportation and long storage durations have led to the deterioration of products such as gasoline and jet fuel, as well as increased inventory costs for refiners. As a result, refiners across the world have been hit hard and forced to cut production rate despite […]
European Governments must move fast to support auto sector
France recently announced plans to inject more than €8bn into its automotive sector; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view on the European automotive industry and how other countries should act: “According to GlobalData analysis, West Europe is forecast to bear the brunt of a global industry […]
14-day quarantine for UK travelers casts doubt over short international getaways
The prospect of a 14-day quarantine upon returning to the UK casts serious doubt over the future of short breaks, causing a great deal of concern for travel operators, says GlobalData, a leading data & analytics company. According to the GlobalData’s Q3 2019 UK consumer survey, 45% of respondents said they typically take a city […]
COVID-19 has put elderly and those with pre-existing conditions on the front lines of the pandemic
The elderly and those with pre-existing conditions have now been drafted onto the front lines in order to restart economies as we face a balancing act of the costs of the shut-down versus the lives of the most vulnerable. The COVID-19 situation is now a moral ethics problem, in which we must decide between letting […]
Croatia realizes importance of international visitation as overtourism turns to none at all
Croatia has experienced a sudden rise in popularity in the last two decades and now relies heavily on international visitation to the extent that tourism now represents around a quarter of its GDP. What was a key strength for Croatia is now causing its economy to decline rapidly as the pandemic outlines the structural issues […]
Scientific, ethical, legal and practical issues of immunity passports must be addressed before they become a reality
The concept of an immunity passport is under scrutiny and it is crucial that the underlying scientific, ethical, legal and practical issues must be addressed before they become a reality, says GlobalData, a leading data and analytics company. Urte Jakimaviciute, MSc, senior director of market research, commented: “Even though immunity passports could help the world […]
Russian telecom services take a 4% hit on revenue in 2020 amid COVID-19 crisis
Russia’s telecoms market is expected to stay relatively resilient. Taking into consideration the impact of COVID-19 and other market dynamics, GlobalData’s latest forecast reveals that the total telecoms service revenue in Russia will decline by 4% compared to 2019. This represents a three percentage point downward revision to the company’s pre-COVD-19 baseline forecast, which saw only […]