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The Iranian power market has been severely impacted by the series of sanctions that have been imposed by the US, which has made it difficult for Iran’s finance and banking sectors to make payments or secure debt and equity finance for projects as it has become virtually impossible, found GlobalData. The leading data and analytics […]
UK automotive sector faces big challenges ahead despite output gain in August, says GlobalData
Following the release of statistics by the Society of Motor Manufacturers and Traders (SMMT) showing that UK car production in August grew for the fourth consecutive month, up 34% year-on-year to 49,901 units; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The growth trend of recent months is […]
Companies’ discussions on ‘Energy Transition’ on the rise, finds GlobalData
Amid geopolitical tensions, surging gas prices and energy shortages, more than 400 companies discussed ‘energy transition’ across their January-August 2022 filings, which is an increase of around 7% from 2021, according to GlobalData. The leading data and analytics company’s Filing Analytics Database reveals that the industries that discussed ‘energy transition’ and associated topics the most in their […]
PSG’s rise in French soccer has serious implications for the consequences of financial doping in the sport, says GlobalData
Before Paris Saint-Germain (PSG)’s acquisition by the Qatar Sports Investments Group (QSI) in 2011, its success in domestic French soccer had been moderate. However, it has since won eight of the last 10 league titles in large part due to having spent approximately $1.37 billion on player transfers in the last decade leading to accusations […]
Renewable power is the key for Germany to overcome potential energy crisis following Russia-Ukraine conflict, says GlobalData
To help divert a potential energy crisis, renewables are expected to play a major role in meeting Germany’s power demand as a result of the country’s gas and coal supply being stunted due to EU sanctions placed on Russia, observes GlobalData. However, the leading and analytics company found that as a result of Germany’s plans […]
Hummel puts pressure on FIFA ahead of Qatar World Cup by removing branding from Danish kit, says GlobalData
Following the news that kit supplier Hummel will not allow its branding to be shown during the World Cup in Qatar; Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view: “Hummel’s kit deal with Denmark is worth an estimated $2.3 million per year, with the World Cup presenting […]
Costa’s vending machine price hikes could lead to a fall in UK customers, says GlobalData
Following new price increase announcements from Costa Coffee Express machines across the UK; Ramsey Baghdadi, Foodservice Analyst at GlobalData, a leading data and analytics company, offers his view: “Costa Coffee’s price rise will find a tough audience in cash-strapped Brits, many of whom are being forced to tighten their purses. GlobalData’s research shows that close […]
Comcast eyeing Warner Bros. Discovery purchase will have significant ramifications for global sports industry says GlobalData
Following the news that Comcast is considering purchasing the newly created Warner Bros. Discovery (WBD) to create a media giant; Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view: “Comcast purchasing the newly created WBD to create a new media giant could have significant ramifications both in […]
UK Retail-Restaurant partnerships set to increase as foodservice sector looks for new ways to survive energy bills crisis, says GlobalData
Retail-restaurant partnerships that see restaurants situated in retail or grocery stores are not a new thing but could increase in popularity as the foodservice sector looks for new ways to survive the UK energy bills crisis, according to GlobalData, a leading data and analytics company. In a sign of things to come, the Boparan Restaurant […]
‘Indulgent’ food categories to be hit hard globally as consumers prioritize spending on essentials amid inflation rises, says GlobalData
The ‘indulgent’ food segment, which includes chocolate and confectionery categories as well as savory snacks and ice cream, is at ‘high risk’ to global inflationary pressure, writes GlobalData. The leading data and analytics company notes that the segment is only due to rise by 2.2% in volume CAGR 2021-2024. Chocolate and confectionery will be one […]
Evolving military warfare strategies, tech advances to drive global military UAV market to $12 billion in 2032, says GlobalData
The interest in military unmanned aerial vehicles (UAVs) as a cost-effective platform alternative for military operations into one for extensive utility – in tactical air support, search and rescue operations, intelligence, surveillance and reconnaissance (ISR) missions, has led to a global surge in their induction into the armed forces, observes GlobalData. The leading data and […]
Fitness watches may soon be able to monitor much more than weight and heart health, as GlobalData identifies 160 ongoing clinical trials for medical wearables
Research by GlobalData’s Clinical Trials Database reveals that there are 160 ongoing clinical trials for medical wearables, which are largely for consumer-centered devices such as smart watches and fitness watches. The leading data and analytics company notes that these trials are in a multitude of different indications, ranging from cancer to women’s health, respiratory diseases and nutrition. […]
Russian life insurance industry forecast to decline by 7.3% in 2022 as Ukraine conflict continues to impact economy, says GlobalData
The economic impact of global sanctions placed on Russia following the country’s invasion of Ukraine, will decelerate the growth of the country’s life insurance industry over the next few years, found GlobalData. According to the leading data and analytics company, life insurance gross written premiums (GWP) in Russia are expected to decline by 7.3% in […]
Following rising inflation and sanctions imposed on Russia, GlobalData revises down its economic growth forecast for the Euro Area to 2.9% in 2022
Heightened inflation and oil shortages as a result of sanctions placed on Russia, alongside a far-worse-than-expected Chinese economic slowdown, have massively impacted economic activity in the Euro Area (EA), found GlobalData. As a result, the leading data and analytics company revised down its prediction for the real gross domestic product (GDP) growth rate in the […]
Travel and tourism deal activity month-on-month down by 31.6% in August 2022, finds GlobalData
The travel and tourism sector recorded a total of 54 deals* globally during August 2022, which is a decline of 31.6% compared to the 79 deals announced during the previous month, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database revealed that this is the second consecutive month of decline in deal […]
VC fundraising in US hits lowest level in August 2022, reveals GlobalData
The US, which continues to lead the global venture capital (VC) funding market, has been experiencing weak investment activity for some months amid the volatile market conditions, found GlobalData. The leading data and analytics company also notes that monthly VC fundraising for the US was at its lowest level in August 2022. This was the […]
5 ways elite sports stars like Kylian Mbappe maintain the interest of big brands and increase their sponsorship earnings, according to GlobalData
Kylian Mbappe’s global standing recently earned him a new personal sponsorship deal with Panini, the trading cards and memorabilia brand, to add to his earnings from brands such as Dior, Oakley, Nike, Electronic Arts and Sorare, estimated by GlobalData to be worth over $16 million a year. In light of this success the leading data […]
Around 60 top companies across sectors announced layoffs in August 2022, finds GlobalData
Around 60 companies announced layoffs in August 2022, according to GlobalData’s News Database, with the technology sector responsible for the majority of these announcements. According to the leading data and analytics company, rising inflation, interest rates, geopolitical tensions, and fears of a possible recession have negatively impacted business sentiment across all sectors leading to companies cutting […]
Asia to lead global ammonia capacity additions through 2030, says GlobalData
Asia is expected to lead the global ammonia industry capacity growth from new-build and expansion projects by 2030 with a share of 20%, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Ammonia Market Capacity and Capital Expenditure (CapEx) Market Forecast by Region, Top Countries and Companies, Feedstock, Key Planned and Announced Projects, 2022-2030’, […]
Clean beauty will be a mainstay in 2022/23 skincare trends as a result of the cost-of-living crisis, says GlobalData
With consumers returning to social life following the easing of COVID-19 restrictions, GlobalData expects skincare brands to have a surge in popularity as consumers put a greater focus on ‘clean beauty’*. Furthermore, global inflation and the cost-to-living crisis will lead to consumers purchasing fewer and healthier skin products in order to save money. According to […]