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Following the publication of positive top-line data from the Phase II EMPhASIS trial of IMU-838 (vidofludimus calcium) in patients with Relapsing-Remitting Multiple Sclerosis (RRMS) by Immunic; Alessio Brunello, Managing Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “Patients who are ineligible for treatments with monoclonal antibodies (mAbs) might benefit from […]
Siemens Healthineers-Varian deal will create a world leader in oncology solutions, says GlobalData
Following the recent announcement that Siemens Healthineers will acquire Varian Medical Systems; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view on the deal: “This US$16.4bn deal is the largest transaction by Siemens Healthineers since it was spun-off and formed as a separate business entity by Siemens in 2018. […]
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. […]
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 […]
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 […]
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 […]
Germany, Spain and UK to foster green Europe transition, while coal-based generation faces darkness in the COVID-19 standstill, says GlobalData
The COVID-19 pandemic drew the curtains over coal-based generation. Especially countries such as Germany, Spain and the UK, which saw the most decline in electricity demand and marshaled other countries in the expanding of power generation from renewable sources. GlobalData estimates that the year-on-year generation from wind and solar PV in EU countries is expected […]
UK customers expected to continue supporting local stores post-COVID-19 as 35% of consumers say it is more important than before, says GlobalData
As high streets in the UK are re-opening, consumers who have been missing their favorite chains such as Starbucks and McDonald’s got the good news that many of these big players will be using the government’s VAT reduction scheme to pass on the savings to the consumer. Consumers who are concerned about finances will be […]
Global light vehicle market forecast to decline by 17% in 2020 due to COVID-19 impact, says GlobalData
The world’s light vehicle market is forecast to decline by 17% to 73 million units in 2020, due to the impact of the COVID-19 pandemic and its associated economic fallout, according to GlobalData, a leading data and analytics company. This is a bigger one-off shock than witnessed in the two years of the global financial […]
Israel aims towards the sun to enlighten the economic recovery led by massive solar PV ambition, lowering the curtains for coal power generation by 2030, says GlobaData
Israel is taking COVID-19 as an opportunity to shift its focus on transforming its generation mix towards sustainability. The Energy Ministry released a plan to spend US$23bn in government and private funding on solar PV by 2030. The country plans to have 30% of generation from solar PV in 2030 from a meager 5% now. […]
COVID-19 kept share of coal-based generation below 20% in H1 2020 as wind leads renewable generation in Germany, says GlobalData
In the wake of the pandemic, with the lockdown in-situ, the decrease in German electricity consumption is mainly attributed to the halt in the major industrial and commercial activities. Even though lockdowns are being eased, data and analytics company GlobalData anticipates utilities to continue preferring the cost-effective renewable sources as demand stays subdued for most […]
EDF Renewables’ major solar PV expansion plans in UK to provide impetus for economic recovery amid COVID-19, says GlobalData
French utility EDF is launching a major solar-plus-battery storage hybrid initiative in the UK as part of its plans to increase its installed renewable base. GlobalData anticipates that this is likely to provide a boost to its solar portfolio in the country and also act as a green stimulus to the stagnant economy, which is […]
Post COVID-19 transition, heating, cooling and transport sectors should complement renewable’s impressive growth story, says GlobalData
The findings from the recently published report by REN21 suggested that the heating and cooling, and transportation sector along with the global policy landscape should complement the decarbonization growth vision through accelerated adoption of renewables as part of post-COVID-19 recovery outlook. GlobalData advises that, to meet the goals of the Paris Agreement, the share of […]
747 production to end as Boeing adapts to post COVID-19 reality, says GlobalData
The recent announcement that Boeing will cease production of the 747 follows news that numerous airlines would be bringing forward the retirement of their 747 fleets due to the effect of the COVID-19 pandemic. British Airways, Qantas, KLM and Virgin Atlantic have all either retired their fleets, or plan to do so ahead of pre-COVID-19 […]
COVID-19 resurgence expected in US as herd immunity unlikely, says GlobalData
The US is seeing a steep rise in the number of new cases each day. The failure of the country to adopt a widespread use of preventive measures and the early reopening of the economy are likely to only increase the number of cases of COVID-19 but unlikely to provide enough immunity in the country […]
Antitrust regulation tip of the iceberg for big tech, says GlobalData
The US Congress anti-trust committee held a five-hour hearing on the market power of big tech companies this week. However, antitrust is just the tip of the iceberg, according to GlobalData, as regulators are expected to come after big tech companies in ten different areas – with antitrust, misinformation and data privacy the most urgent […]
Freshfields Bruckhaus Deringer and Jones Day were top legal advisers by value and volume in global retail sector in H1 2020, says GlobalData
Freshfields Bruckhaus Deringer and Jones Day were noted to be the top mergers and acquisitions (M&A) legal advisers in the global retail sector in the first half (H1) of 2020, based on deal value and volume, respectively. Freshfields Bruckhaus Deringer advised on six deals worth US$12.66bn, which was the highest among all the advisers. Meanwhile, […]
Goldman Sachs and Bank of America were top financial advisers by value and volume in global retail sector in H1 2020, says GlobalData
Financial advisers Goldman Sachs and Bank of America were noted to be the top mergers and acquisitions (M&A) financial advisers in the global retail sector in the first half (H1) of 2020, based on deal value and volume, respectively. Goldman Sachs advised on six deals worth US$20.56bn, which was the highest among all the advisers. […]
Latest lockdown in the North West adds more uncertainty for British domestic tourism, says GlobalData
Following the news that separate households have been banned from meeting each other indoors in Greater Manchester, and parts of Lancashire and West Yorkshire following a spike in COVID-19 cases; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the latest development: “The latest government announcement […]
Spain’s tourism industry to struggle as UK travel corridors are removed, says GlobalData
As one of the countries under the UK’s travel corridors scheme, the Spanish tourism sector had an opportunity to regain some sort of normality and was benefiting from pent-up demand sooner than expected. However, it is expected to see demand plummet again now that restrictions have been put back in place, as the imposed two-week […]