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The electronic quarantine tag recently introduced in Singapore has the potential to rattle the number of international departures from the country, which reached 16.8 million in 2019, as it is yet another aspect that will elevate consumer angst and postpone recovery for neighboring Asian destinations, according to GlobalData, a leading data and analytics company. Johanna […]
Intel’s stumble in leading-edge chips race gives rivals an opportunity to catch up, says GlobalData
Intel has fallen behind in its ability to make commercially ready, leading-edge chips in sufficient volumes, opening the door to its main rivals, AMD and Nvidia, says GlobalData, a leading data and analytics company. Intel’s recent bombshell that it has stumbled – yet again – in the production of its 7-nanometer (nm) parts was a […]
Catastrophic fall of lira could be blessing in disguise for Turkish tourism, says GlobalData
As the Turkish lira keeps hitting record lows against the major currencies; John Vandesquille, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view: “The continuous drop of the Turkish currency on exchange markets, stemming from years of debt accumulation and the unwillingness of President Erdogan to increase interest rates, […]
July auto sales in Turkey impressive but sustainability remains a question, says GlobalData
Following the news that automotive sales in Turkey grew by 387.5% year-on-year in July 2020, according to Automotive Distributors Association Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The surge in sales is impressive but not unbelievable in light of Turkey’s effective response to the COVID-19 […]
Epic Games’ $1.8bn funding round will help it expand beyond the gaming sector, says GlobalData
Following the announcement that that Epic Games has raised funding of $1.78bn, taking its valuation to $17.3bn; Rupantar Guha, Associate project manager for Thematic Research at GlobalData, a leading data and analytics company, offers his view: “While Epic Games’ strong position is largely due to its role in developing the massively popular Fortnite, its success […]
Neurology market hit hard in Q2 and will struggle to recover if lockdowns return in second wave, says GlobalData
Following the release of Q2 earnings from major manufacturers in the neurology space; Sheryl Tang, Medical Devices Analyst at GlobalData, a leading data and analytics company, offers her view: “The decline in procedural volumes during the end of Q1 through to Q2 due to COVID-19 has severely impacted the neurology market, with both Abbott and […]
17 of 20 top pharmaceutical companies be revenue reported YoY growth in 2019, says GlobalData
As another great year for the innovation bio/pharma industry, 2019 saw 17 of the top 20 mega cap players reporting YoY revenue growth, according to GlobalData, a leading data and analytics company. Madeleine Roche, Associate Pharma Analyst at GlobalData commented, “One winner was Takeda, which saw more than 50% YoY revenue growth. The company’s significant […]
COVID-19 delays Virginia-class submarines and incurs charges, says GlobalData
Following today’s release of Huntington Ingalls Q2 results; Harry Boneham, Associate Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view on the company’s situation: “The effects of the COVID-19 pandemic are starting to bleed into Huntington Ingalls’ major defense programs, specifically the Virginia-class submarine. The company has fared […]
Expanding allowed procedures for ASCs will lead to strongly performing healthcare environment in pandemic-stricken world, says GlobalData
Following several proposed changes to the CMS’ reimbursement schemes, healthcare in America may be becoming more decentralized in the future. James Spencer, Data Scientist at GlobalData, a leading data and analytics company, offers his view on the current approach to reopening the US economy: “Slow consolidation of the US healthcare infrastructure has resulted in the […]
BP to move heavily in acquisitions & divestments to deliver new strategy, says GlobalData
Following yesterday’s announcement of BP’s strategy for transition from an International Oil Company to an Integrated Energy Company, Will Scargill, Managing Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on this transition; “BP has set out ambitious targets for the realignment of its business within five and ten […]
Despite COVID-19, MHI focuses on mid to long term growth with faith in SpaceJet future, says GlobalData
Mitsubishi Heavy Industries (MHI) doesn’t appear to have lost faith in its SpaceJet program, despite the arm representing 96.4% of its reported losses for Q1. The company’s forward statement for the year suggests the company will ensure the M90 program has the support needed for its completion and commercial production. The changes in the market […]
Revised Poland offshore wind act to usher new investment in renewable infrastructure, says GlobalData
Before the impact of the pandemic, Poland formulated a draft offshore wind policy that saw 4.6GW of offshore wind capacity offered through fixed-price contracts for difference (CFDs) by 2022. The nation expected over 10GW of capacity to be granted by 2028. GlobalData believes that the pandemic has allowed the nation to shift away from coal-based […]
Booking Holdings job cuts show continued struggles of travel operators, says GlobalData
Following the news that Booking Holdings is to cut up to 25% of its employees, around 4,000 in total due to the ongoing impacts of COVID-19, Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “While there are embryonic signs of an uptick in demand, this news […]
SC Remsima will need cost-effective pricing to further erode the shares of Remicade, says GlobalData
Following the news that the first subcutaneous (SC) formulation of Celltrion’s Remsima (infliximab-dyyb/CT-P13) was granted marketing authorization by the European Commission (EC) for all indications in adults for which the intravenous formulation is also approved*, GlobalData notes that, in order for Celltrion to further erode market share of its rival Remicade – and other anti-TNF […]
Making the B737 MAX fly again will not bring customers back, says GlobalData
After months of speculations, the FAA has issued a directive regarding the return to flight of the B737 MAX – Boeing’s lifeline in the fuel-efficient single-aisle segment where it competes with Airbus’ A320neo in a shrinking passenger market. The directive, a shortlist of attainable technical requirements for recertification, is good news for Boeing who has […]
Poland’s solar PV sector to be fastest-growing as country aims high for 2025, says GlobalData
In a recent report, Poland’s Institute of Renewable Energy (IEO) confirmed a high solar PV target over the next five years. GlobalData predicts that achiving this target would mean significant annual installations, which – going by the current scenario – is a little optimistic. However, if achieved, this would see a rapid growth of the […]
Iran is experiencing higher fatality rate during second surge due to healthcare and welfare inequalities, says GlobalData
Since early May, there has been a second surge of the COVID-19 pandemic in Iran. In comparison to other countries, the number of daily deaths during the second surge is considerably higher than in the first surge as a result of prolonged pressure on the health system along with inequalities in healthcare access and social […]
Solar PV has potential to drive EU economy while competitive tariffs help sector grow in coming years, says GlobalData
The solar PV sector in Europe is anticipated to have a positive outlook post-COVID-19. Although distributed solar installations declined due to reduced manpower and supply chain delays, substantial impact on the sector resulting from cancellations is less likely. However, delays and postponements in utility-scale projects may well roll the commercialization of the impacted projects to […]
Strategic adoption of cloud computing can alleviate oil and gas industry challenges, says GlobalData
Cloud computing allows oil and gas companies to scale their data management and storage, driving greater flexibility in infrastructure costs. The high computing power delivered via cloud platforms supports the adoption of other technologies such as the intelligent management of physical assets, which facilitates greater operational efficiency, says GlobalData, a leading data and analytics company. […]
Insurers’ H1 financial results show motor insurers fare better in the short term, says GlobalData
RSA and Direct Line have posted positive H1 2020 results despite COVID-19 due to being active in the motor market, according to GlobalData. GlobalData’s 2019 UK Insurance Consumer Survey found that Direct Line is the third largest motor insurer in the UK, in terms of customer numbers, with a share of 8.1% of the market. […]