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Esports is the fastest growing theme in the gaming sector. These organized multiplayer video game competitions have enjoyed spectacular growth over the last decade, with thousands of fans filling stadiums to watch live events and millions following them on streaming platforms. Although esports currently caters to a niche audience – almost 10% of the global […]
Big Tech to take an ever-larger piece of the cloud computing pie, says GlobalData
Big tech cloud vendors have seen a week of positive results, with companies such as Microsoft, Amazon and Google reporting cloud revenue increases of over 30%. As the virus accelerates cloud adoption, it is big tech that will reap the benefits at the expense of smaller providers, says GlobalData, a leading data and analytics company. […]
BMW points the electrified way for Europe’s auto industry, says GlobalData
Following the business update and first quarter results announced by BMW Group today; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Electrification remains a priority for BMW as part of meeting tighter EU fleet average CO2 emissions this year and next. BMW says it is set to achieve […]
Ride sharing platforms have been hit particularly hard by COVID-19, says GlobalData
Following the announcement of Lyft and Uber’s earnings; Wafaa Hassan, Thematic Analyst at GlobalData, a leading data and analytics company, offers her view on the impact of COVID-19 on Lyft and Uber: “Ride sharing providers Lyft and Uber are suffering at the hands of COVID-19. In GlobalData’s Ecommerce Thematic Ranking, Lyft has fallen from tenth […]
Nintendo will struggle to escape COVID-19 woes, says GlobalData
Following today’s earnings results for Nintendo; Rupantar Guha, Senior Analyst for Thematic Research at GlobalData, a leading data and analytics company, offers his view: “While Nintendo’s results for the three months to the end of March were good, its outlook is uncertain because of delays to software development and console production. This uncertainty is reflected […]
Big beauty and grooming players are learning from indie brands, says GlobalData
Beauty and grooming behemoths are taking a page out of the book of indie by incorporating innovations that have been popularized by independent brands such as digitalization, personalization, wellness and sustainability. These trends are shaped by increasing consumer demand for products that reflect their lifestyles and ethics, according to GlobalData, a leading data and analytics […]
Disney’s streaming gains do not save it from COVID-19 woes, says GlobalData
Following the announcement of Disney’s earnings; Danyaal Rashid, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view on the impact of COVID-19 on Disney: “Disney’s streaming business is performing at an all-time high but the company is being held back by its physical assets as a consequence of COVID-19. GlobalData has, […]
Gilead’s remdesivir use for COVID-19 could spill over beyond ideal patient groups, possibly straining supply, says GlobalData
With the EMA announcing today that it will start a rolling review of Gilead Sciences’ remdesivir for COVID-19 and wide expectations that US Emergency Use Authorization (EUA) will be locked in, reporting from Reynald Castañeda, Pharma Writer for the Investigative News team at GlobalData, a leading data and analytics company, notes that broad use beyond […]
Q1 oil industry results reaffirm industry instability
Following the release of Q1 results from several oil and gas companies; Ella Benson Easton, Thematic Analyst at GlobalData, a leading data and analytics company, offers her view: “This year has seen extraordinary volatility in the oil and gas industry. The decline in the cost of renewable energies, an oil price war and COVID-19 have […]
EU’s unity is being tested by COVID-19 outbreak, says GlobalData
The European Union needs more solidarity and coordinated actions to effectively respond to the COVID-19 outbreak, says GlobalData, a leading data and analytics company. Urte Jakimaviciute, MSc, Senior Director of Market Research at GlobalData, commented: “Even though the EU has been implementing various measures to mitigate the consequences of the COVID-19 outbreak, the bloc initially […]
COVID-19 is having a devastating impact on online estate agents, says GlobalData
Following the news that the share price of online estate agency Purplebricks fell 73% in 2020; Wafaa Hassan at GlobalData, a leading data and analytics company, offers her view: “A strong online presence has helped many companies survive and thrive during the COVID-19 lockdown. However, this has not been the case in every sector and […]
Global deal activity declines marginally during the week ended 19 April, 2020, says GlobalData
A total of 892 deals were announced globally during the week ended 19 April, 2020, which is a decrease of 0.8% over 899 deals announced during the previous week, according to GlobalData’s deals database. Deal volume last week remained below the weekly averages seen in Q1 2020 and March 2020, while deal activity remained inconsistent […]
Crude production cuts in the US too slow to support the price as storage runs out by mid-May, says GlobalData
Following the historic fall of the West Texas Intermediate (WTI) futures price for May delivery into negative territory, going as low as negative US$37.6 per barrel; Adrian Lara, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the current events: “WTI is just getting too much downward […]
COVID-19 is the main reason why Netflix is worth more than Disney, says GlobalData
Netflix has weathered the COVID-19 storm extremely well compared to competitors such as Disney, says Globaldata, a leading data and analytics company.Netflix’s market capitalization, at market close on 21 April, was $190.4bn, which is higher than Disney, Exxon and IBM, and up from $142bn on 31 December 2019. It has also announced quarterly results that […]
After four-week 24-million-barrel build up in gasoline stocks, a first withdrawal during last week can be a good sign, says GlobalData
Following the Energy Information Administration (EIA) Weekly Petroleum data release with information on refined products supplied and stocks build up for crude oil Adrian Lara, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the current events: “The withdrawal of 3.7 million barrels (mmbbls) of gasoline from […]
Huge stimulus packages following COVID-19 outbreak to widen fiscal deficit in major economies, says GlobalData
Government and central banks in nations that have been majorly affected by COVID-19 such as the US, China, Italy, Spain and Germany have sanctioned monetary and fiscal stimulus measures to combat the commotion caused by the substantive outbreak. The US has embarked on a massive US$2.2tn stimulus package, equivalent to 10.26% of GDP, whereas Germany, […]
Global nuclear industry plans to operate efficiently amid COVID-19 pandemic, says GlobalData
The global nuclear industry’s already established robust safety culture is helping related organizations to act fast and modify their processes during the COVID-19 pandemic, says GlobalData, a leading data and analytics company. The International Atomic Energy Agency (IAEA) is providing support to fourteen countries situated in Asia, Africa, the Caribbean and Latin America to tackle […]
US Department of Transportation ruling could be detrimental to airline industry, says GlobalData
Recent instruction by the Department of Transportation will put airlines into further financial difficulty than they already are, says GlobalData, a leading data and analytics company. Rheanna Norris, Associate Analyst at GlobalData, comments: “Airlines rely upon cancellation and change fees as a reliable stream of revenue. The coping mechanism for many US-based airlines has been […]
Recently completed COVID-19 clinical trials show mixed results, says GlobalData
As the COVID-19 pandemic grows across the world, companies are beginning to accelerate their clinical trials for therapeutics and the number of trials has been growing. So far, 21 COVID-19 clinical trials have been completed – with the majority of those sponsored by Chinese hospitals and in the Wuhan province. As of yet, few outstanding […]
Ford engages crisis gear amid bleak outlook, says GlobalData
Following the news that Ford is expecting to make a $600 million first quarter loss and has amassed a $30 billion reserve on its balance sheet; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his views: “Ford is taking emergency measures – principally in bolstering its cash and liquidity position […]