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Pryat Matharu

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  • Author: Pryat Matharu
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Brazil’s credit card balance growth expected to soar in 2021, with forecasts adjusted from 5.8% to 13.5% following COVID-19, says GlobalData

Brazilian banks are dependent on whether the government can preserve businesses, as the country’s already weak economy has been hit hard by COVID-19, says GlobalData, a leading data and analytics company. The government has made guarantees to SMEs, but earnings challenges will still intensify for banks due to weaker business volumes and rising loan impairment […]
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Despite COVID-19 pandemic, Ireland’s journey towards meeting 2030 targets will be supported by RESS’ allocation of clean energy, says GlobalData

Following the completion of the pre-qualification procurement process for its first renewable auction at the end of April, the Renewable Electricity Support Scheme (RESS) is likely to allocate 1TWh of clean energy from solar, onshore wind, offshore wind, and biomass. Successful bidders will receive a feed-in premium (FIP) on top of wholesale electricity prices for […]
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EasyJet prepares for post-COVID-19 Europe as continent considers reopening to tourism, says GlobalData

Following easyJet’s announcement that it plans to resume domestic flights in France and in the UK on 15 June; John Vandesquille, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view: “The COVID-19 pandemic is severely affecting tourism in many European countries, with GlobalData’s forecasts for 2020 showing a 37.4% […]
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Record-breaking year for Pets at Home dampened by cautious COVID-19 outlook, says GlobalData

Following today’s release of Pets at Home FY figures for 2019/20, Hannah Richards, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘With an outstanding performance in Q42019/20, Pets at Home delivered an exceptional full year trading, with total group revenue surpassing the billion pound mark, rising 10.2% to £1,058.8m. It achieved growth across […]
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Giant Abu Dhabi utility scheme provides hope to Gulf power and water sector, says GlobalData

Faced with contrasting demand trends for electricity and water following the COVID-19 outbreak – changing customer behavior and remote working are driving water demand higher, while temporary lockdowns curtail electricity demand – the near-term prospects for investment in new capacity are uncertain, says GlobalData, a leading data and analytics company.   Jennifer Aguinaldo, Energy & Technology […]
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Reopening clothing factories must proceed with caution, says GlobalData

As clothing factories across the globe start to resume production following country-wide lockdowns imposed to stem the flow of the coronavirus, it is essential that they proceed slowly and receive the necessary support to do so safely, writes GlobalData, a leading data and analytics company.  The reopening of factories offers a lifeline to millions of […]
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Morrisons’ Speedy Shopping concept needs refinement, says GlobalData

Following the news that Morrisons is rolling out a shopping system for customers doing smaller shops to help them get in and out more quickly: Thomas Brereton, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Morrisons’ “Speedy” system does indeed offer a convenient way for small-basket shoppers […]
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COVID-19 triggers delays in projects and investment decisions in global LNG liquefaction sector, says GlobalData

The global liquefied natural gas (LNG) liquefaction sector is reeling under the pressure of falling oil and gas prices, weak LNG demand and poor global economic outlook. Consequently, LNG developers have started relooking at their strategies and capex plans for 2020. This could lead to postponement of financial investment decisions (FIDs) and construction delays of […]
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Surplus volumes amid global drop in oil demand due to COVID-19 leaves oil companies grappling for storage space, says GlobalData

Oil companies are dealing with a plethora of challenges due to the sudden decline in demand amid the COVID-19 pandemic. Distant storage locations increase costs as transportation fees get factored in with storage fees. Additionally, the relatively short shelf life of gasoline and jet fuel, and the limitations of storing light crude alongside heavy crude, […]
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Remote working to benefit UK home insurers, says GlobalData

Home insurers could see a rise in premiums over the coming years if home working becomes more popular, as risk will shift from commercial property to household insurance, according to GlobalData. During the lockdown, home insurance policies will fully compensate a home-working claimant, but policyholders will have to amend their cover once the lockdown is […]
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Travel and tourism sector witnesses 8.3% decline in deal activity during the week ended May 3, 2020, says GlobalData

The number of deals announced in the global travel and tourism sector decreased by 8.3% during the week ended May 3, 2020, compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Analyst at GlobalData, comments: “The sector has been hit badly due to the COVID-19 outbreak and deal activity has remained inconsistent […]
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COVID-19 triggers delays in projects and investment decisions in European petrochemical sector, says GlobalData

The COVID-19 outbreak has damaged supply chains and impacted labor availability across Europe, which has direct implications on upcoming petrochemical projects currently under construction/commissioning and scheduled for startup this year. Any potential delays in construction/commissioning of these plants in 2020 may spill over to 2021, and could potentially affect the scheduling for next year as […]
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General Electric Aviation to cut 25% of its workforce to prepare for post-COVID-19 aviation market, says GlobalData

Following the announcement by General Electric Aviation’s Chief Executive David Joyce on the company’s upcoming staff reductions; Vera Lin, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers her view on the company’s decision: “General Electric Aviation’s scaling down of its workforce by up to 25% follows a string of announcements […]
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High-dose chloroquine should not be used further for COVID-19 patients due to the QTc prolongation, says GlobalData

Recent results have shown that high-dose chloroquine has potential safety concerns resulting in QTc prolongation, a heart rhythm disorder that serves as a surrogate indicator for increased risk of drug-associated torsades de pointes (TdP). GlobalData believes that the preliminary data from this Phase II study indicates that high-dose chloroquine should not be used further for […]
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