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Tech layoffs continue to hit through 2023 as big technology companies like Amazon, Microsoft, Google announced mass layoffs in the beginning of the month. In line with this, Twitter influencers discussed the underlying reasons behind the massive layoffs and led the conversations around “layoff” to rise above 50% month-on-month in January 2023*, according to the […]
Citi, Avendus Capital top M&A financial advisers by value and volume in APAC region for 2022, finds GlobalData
Citi and Avendus Capital were the top mergers and acquisitions (M&A) financial advisers in the Asia-Pacific (APAC) region in 2022 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that Citi achieved its leading position […]
AZB & Partners top M&A legal adviser in APAC region for 2022, finds GlobalData
AZB & Partners was the top mergers and acquisitions (M&A) legal adviser in the Asia-Pacific (APAC) region in 2022 by both value as well as volume, according to the latest legal advisers league table by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that AZB & Partners achieved […]
Egypt efforts to modernize aircraft inventory to drive defense expenditure at 3.9% through 2028, forecasts GlobalData
The US provides Egypt with $1.3 billion of military assistance annually to facilitate the transition from the outdated Soviet era equipment to advanced equipment made in the US and other Western nations. Against this backdrop, Egypt’s defense expenditure spending, inclusive of the US military funding, is forecast to register a compound annual growth rate (CAGR) […]
Takeda newly approved NSCLC therapy Exkivity still has room for better treatment outcome in China, observes GlobalData
Takeda‘s Exkivity (mobocertinib) is the first and only targeted therapy to be approved for locally advanced or metastatic epidermal growth factor receptor (EGFR) exon 20 insertions (exon20ins)-positive non-small cell lung cancer (NSCLC) in China. The drug is approved under the National Medical Products Administration’s Breakthrough Therapy program for second-line treatment. However, there still exists room […]
Green banking gains momentum to fight climate change, says GlobalData
The quest to address the most pressing issue of environmental degradation has evolved into a worldwide mainstay concept influencing sectors like financial services to transform their business models. Against the backdrop, the concept of green banking came to the spotlight, and the recent sustainability initiatives by financial institutions demonstrate how it will become a game-changer, […]
Twitter influencer sentiment still negative on US economy despite better-than-expected Q4 2022 GDP growth, finds GlobalData
The US economy has registered better than expected growth of 2.9% during the fourth quarter (Q4) of 2022. However, influencer sentiment is still negative on the US economy, though it is seizing fear of recession for a few of them. In this context, a significant spike among Twitter influencer conversations around ‘GDP’ related to the […]
APAC sees 12% drop in cybersecurity M&A deal activity in 2022, finds GlobalData
The current economic environment, volatile market conditions and recession fears have slowed down the M&A activity in cybersecurity space in the Asia-Pacific (APAC) region in 2022. Subsequently, there is a decline of 12% in cybersecurity M&A deals volume during 2022 compared to the previous year, according to GlobalData, a leading data and analytics company. An […]
Jio better positioned to lead Indian 5G market, says GlobalData
Following the news that India-based Reliance Jio Infocomm Ltd has launched 5G services in 50 additional cities, bringing its total to 184 cities across India, as of January 2023; Shri Charan Padala, Principal Analyst in the Thematic Intelligence team at GlobalData, offers his view: “Reliance Jio has reportedly earmarked $25 billion for 5G services rollout, […]
Pharma companies that develop vaccines with efficacy against Omicron variants will gain competitive advantage in China, says GlobalData
Omicron lineages BA.5.2 and BF.7 account for 97.5% of all local infections in China, according to the Chinese Center for Disease Control and Prevention. With new cases spreading rapidly, the National Health Commission (NHC) announced a national fourth booster vaccination campaign. Consequently, Chinese vaccine developers are focused on expanding their COVID-19 pipelines to include targeted […]
ASML Q4 2022 results defy US ban on chip technology exports to China, says GlobalData
Following the news that ASML reported strong Q4 2022 results; Josep Bori, Thematic Research Director at GlobalData, a leading data and analytics company, offers his view: “ASML’s Q4 2022 results are very strong, particularly considering the headwinds caused by the US ban on chip technology exports to China and softening consumer demand. “With revenue growth […]
Electric vehicles discussions in APAC region up by 28% YoY in 2022, finds GlobalData
Amid the surging gas prices and energy shortages companies continue their efforts to enter the electric vehicles (EVs) market. EV is considered the next big environment, social, and governance (ESG) investment. These zero-emission vehicles are thought to be the transportation of the future and can aid in global decarbonization. Against the backdrop, discussions around EVs […]
Venture capital investment in China startups nosedives 46.4% in 2022, reveals GlobalData
China’s regulatory crackdown on tech companies, coupled with stringent zero-COVID policy has dented investor confidence in the country’s startups. Subsequently, the value of venture capital (VC) funding in Chinese startups experienced year-on-year drop of 46.4% in 2022, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that VC financing […]
VC investment in Indian startups plunge by 38.2% in 2022, finds GlobalData
The ongoing economic uncertainty and market volatility continue to affect the fundraising and investment activities in India and subsequently venture capital (VC) investment in the country startups suffered a massive year-on-year 38.2% decline in value terms during 2022, finds GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that […]
Republican-held House will pile pressure on allies to step up supplies to Ukraine, says GlobalData
The midterm elections in November 2022 have resulted in Republican-control of the House in the US Congress. In the build up to the elections there had been strong rhetoric from Republicans questioning the value of providing further military aid to Ukraine. In recent weeks the US’ European allies have taken the step of agreeing to […]
Rising awareness of sustainability will drive apparel rental market by 101.2% to $9.9bn between 2022 and 2026, forecasts GlobalData
As consumers strive to reduce their fashion consumption to become more sustainable, they are becoming increasingly involved in the circular economy. More are turning to rental operators like Rent the Runway and Hirestreet, rather than purchasing brand new items that they will only wear once, with 8.6% of UK clothing shoppers renting apparel for Christmas […]
India submarine procurement to provide lucrative opportunities for both domestic, foreign companies over next decade, says GlobalData
Following the news that India has commissioned its fifth diesel-electric Kalvari-class submarine INS Vagir; Sourabh Banik, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “INS Vagir is a testament of India’s robust domestic submarine-building capability, which contributed towards the induction of three submarines from multiple classes in the last 24 […]
SK Biopharma Project Zero to further strengthen digital healthcare in South Korea, says GlobalData
South Korea-based SK Biopharmaceuticals aims to strengthen its digital healthcare ecosystem through “Project Zero”. The innovative solutions developed as a part of this project are expected to not only facilitate the future expansion of the digital health sector in Korea but also enable better care for patients with neurological disorders, says GlobalData, a leading data, […]
INVO Bioscience, Ming Mei Technology partnership to offer more fertility treatment options in Taiwan, says GlobalData
Due to delayed marriages and the rising cost of living, Taiwan has one of the lowest fertility rates in the world but is one of the preferred destinations for assisted reproduction in Asia. Against this backdrop, INVO Bioscience Inc recently signed an exclusive agreement with Ming Mei Technology to distribute INVOcell intravaginal culture (IVC) system. […]
Companies embrace biodegradable packaging to achieve sustainability goals, finds GlobalData
Amidst a raft of new regulations and environmental laws, consumer-facing companies are adopting a slew of measures to switch to green packaging solutions. The ripple effect is quite evident as clear labeling campaigns to differentiate between composability and biodegradability by some of the key manufacturers are pushing the other companies to follow suit and achieve […]