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New guidelines for breast implant surgeries to enhance patient safety in Australia, finds GlobalData

The execution of new guidelines for the management of breast implant surgeries in Australia to protect the patients from risks that may trigger due to perilous practices and ‘carelessly performed’ surgeries is expected to drive the breast implant market, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Aesthetic Implants Market Size (Value, […]
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India’s strategic goals and military position in IOR to benefit from successful testing of Brahmos cruise missiles, says GlobalData

Following the news that Indian Navy and Indian Air Force (IAF) have successfully tested different variants of Brahmos supersonic cruise missiles from INS Delhi Destroyer and Su-30 MKI fighter; Chandan Kumar Nayak, Analyst at GlobalData, a leading data and analytics company, offers his view: “Over the last few years, India has started to put greater […]
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Asia to account 61% of global ethylene capacity additions through 2030, finds GlobalData

Asia is expected to lead the global ethylene industry capacity growth from new-build and expansion projects by 2030 with a share of 61%, according to GlobalData, a leading data and analytics company. GlobalData’s report ‘Ethylene Market Capacity and Capital Expenditure (CapEx) Forecast by Region, Top Countries and Companies, Feedstock, Key Planned and Announced Projects, 2021-2030’ […]
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Amid F-18 E/F Indian trials, strong prospects for Boeing to seal Indian Navy’s MRCBF deal, finds GlobalData

With Boeing’s F/A-18 E/F Super Hornet commencing its trials from Indian Shore Based Test Facility (SBTF), the prospects for to secure the $4.5-6bn deal have improved substantially. The ‘foldable wings’ factor is likely to tilt the deal in favor of Boeing as it involves the supply of 26 Multirole Carrier Borne Fighters (MRCBF) aircraft, including […]
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Trip.com shows resilience and innovation to lead global travel industry, observes GlobalData

Chinese online travel player Trip.com Group has shown resilience and emerged as a global leader despite the ongoing COVID-19 challenges and highly competitive tourism industry. The company reported $3.1bn unaudited net revenue in 2021, representing a 11.9% year-on-year (YoY) increase from 2020. The success can largely be attributed to a series of strategic partnerships and […]
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Mine resistant Australian Bushmasters to aid Ukraine in medical evacuations and shield against explosives, finds GlobalData

Following Ukrainian’s request, Australia has decided to contribute 20 locally built Bushmasters, including two ambulance variants to Ukraine. The mine resistant, ambush protected Bushmasters will provide ballistic protection to Ukraine with exceptional off-road mobility capability. Each Bushmaster can carry 10 people and sustain them for three days. Additionally, these can aid the army in ‘comfortable […]
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Sri Lankan construction industry expected to shrink by 4.6% in 2022, forecasts GlobalData

Triggered by acute shortage of foreign currency, ill-timed tax cuts, losses to tourism, fall in foreign workers’ remittances, shortages of food and fuel, and high foreign debt, Sri Lanka is currently battling the worst economic crisis since its independence. Considering this current turmoil, GlobalData, a leading data and analytics company, forecasts Sri Lankan construction industry […]
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Indian defense manufacturing ecosystem to benefit from joint development of Multi Mission Tanker Transport program, finds GlobalData

Following the news that Hindustan Aeronautics Limited (HAL) signed a MoU with Israel Aerospace Industries (IAI) to convert civil aircraft to Multi Mission Tanker Transport (MMTT) for the Indian armed forces; Tushar M, Defence Analyst at GlobalData, a leading data and analytics company, offers his view: “The new aerial refuelers to be developed and procured […]
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Travel companies in dilemma whether to incorporate surcharges due to rising energy prices, finds GlobalData

Holiday surcharges are a real possibility in the travel and tourism industry as companies grapple with the rising energy prices. Segments such as lodging, transportation and tourist attraction etc., will certainly be impacted. Therefore, travel and tourism businesses will be in dilemma whether to pass these additional costs on to the consumers or absorb the […]
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Hypersonic cooperation next step in AUKUS agreement to combat China threat, observes GlobalData

Following the news that Australia, the US, and the UK (AUKUS) will cooperate on the development of hypersonic weapons; William Davies, Associate Defense Analyst at GlobalData, a leading data and analytics company, offers his view:  “Given that the hypersonic technology has been a priority for the US in recent years and Australia is increasingly concerned […]
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