Business Fundamentals

Economic recovery projected in 2021 for major European nations that were in recession in Q1 2021, says GlobalData

Major European nations witnessed contraction in real GDP in Q1, with the UK seeing -6.1%, Germany -3.1%, Italy -0.8%, and Spain -0.1%. However, Q2’s vaccination drives and reopening initiatives are expected to aid economic recovery, with the top ten European nations by nominal GDP expected to grow at an average annual rate of 4.5% in […]

Dave & Buster’s emerges from filing bankruptcy and increases hires, finds GlobalData

After a challenging year of heightened financial constraints and layoffs, Dave & Buster’s is on a hiring spree with a focus on providing innovative entertainment experiences. The surge in listings comes after a year of low hiring activity with a total of 300 jobs posted between June 2020 and April 2021. However, job postings rebounded […]

Business Fundamentals

Industrial output to aid China economic growth but COVID-19 resurgence may act as dampener, says GlobalData

Following today’s release that the purchasing managers’ index (PMI) for China’s manufacturing sector came in at 50.9 in June 2021 in the backdrop of recovery of economic activities; Gargi Rao, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “Despite the resurgence of COVID-19 cases in the major export province […]

Business Fundamentals

Easing restrictions to spur demand in Indian cities in 2021, says GlobalData

From mid-June 2021 Indian states started easing COVID-19 induced lockdown in a cautious way to get back to normal. As a result, six major metropolitan areas are forecasted to grow by 9.7% in real terms in 2021 and unemployment rate is set to decline by 0.9 percentage points over the last year, says GlobalData, a […]

Business Fundamentals

Android creates buzz among influencers post Windows 11 release, finds GlobalData

Microsoft Corporation (Microsoft) unveiled its next version of desk operating system ‘Windows 11’, during a virtual event on 24 June 2021. This led to a surge in influencer conversations on Twitter, according to GlobalData, a leading data and analytics company. ‘Android’ emerged as the most mentioned trend among influencer discussions in GlobalData’s influencer activity tracker […]

Business Fundamentals

PVH’s active job postings have increased by over 400% since Q2 2020, with focus on sustainability, finds GlobalData

The number of active job advertisements at PVH has increased by over 400% since Q2 2020 as the company ramps up hiring globally. The company has also made a considerable jump in hiring sustainability roles, from two jobs advertised in Q2 2020 to 26 in Q1 2021. Out of 96 total posted jobs in June […]

Business Fundamentals

JioPhone Next affordability may attract potential customers, says GlobalData

Reliance Jio Infocomm Limited (Reliance Jio) witnessed a dramatic jump of 200% in influencer conversations on Twitter during the last week of June 2021 over the previous week, following the announcement of its most affordable android phone JioPhone Next and collaboration with Google Cloud for 5G, during its 44th annual general meeting, according to GlobalData, […]

Business Fundamentals

COVID-19 fails to derail Sumitomo Mitsui Financial Group Asia expansion plans, says GlobalData

Following the news that Japan-based Sumitomo Mitsui Financial Group (SMFG) agreed to invest around JPY10bn to buy 5% stake in the Philippines-based Rizal Commercial Banking Corp (RCBC); Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view: “The fresh injection of capital by SMFG will help RCBC in pursuing its […]

Banking, Business Fundamentals

COVID-19 pandemic enables top payment companies to achieve improved top-lines based on upscaled transaction volumes, says GlobalData

The COVID-19 pandemic accelerated the acceptance of digital payments across the globe in 2020, which rendered an improvement in the top-line performance of the majority of the top 20 public payment companies despite unprecedented economic slowdown, says GlobalData, a leading data and analytics company. Over the previous year, the companies that recorded impressive top-line growths […]

Business Fundamentals, Technology

Accenture prioritizes hiring in IoT and increases hires for Industry X business, finds GlobalData

Accenture’s hiring activity is weighed on Internet of Things (IoT) and increasing new hires for its strategic pillar Industry X that provides smart products and services. The company is prioritizing hiring in the emerging technology, with job postings related to IoT increasing by 98% in Q1 2021 compared to Q4 2020 and hiring continues to […]

Business Fundamentals, Technology

COVID-hit 2020 failed to attract big-ticket VC funding deals in cybersecurity space, finds GlobalData

Big-ticket venture capital (VC) deals were non-existent in the cybersecurity space during the COVID-hit 2020. Low-value deals (where the investment was less than or equal to $10m) also took a hit, but still accounted for the majority of global investment volume, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial […]

Business Fundamentals, Technology

Caution weighs on VC funding landscape in IoT space with even low-value deals volume also witnessing decline, says GlobalData

Low-value venture capital (VC) funding deals (investments less than or equal to US$10m) volume also shrank as overall VC funding activity in the Internet of Things (IoT) space declined during 2020 compared to 2019. The share of low-value deals as a proportion of total deal volume also declined. However, it continued to account for a […]

Business Fundamentals

Crypto acceptance by big organizations sparks 200% rise in influencer conversations in H1 2021, reveals GlobalData

Global interest in cryptocurrencies continues to rise as the top financial companies adopt crypto assets in shift of digital economy. Against this backdrop, influencer conversations on Twitter related to ‘Crypto’ showed a staggering year-on-year growth of 200% during H1 2021*, according to the Cards and Payments Influencer Platform of GlobalData, a leading data and analytics […]

Business Fundamentals

COVID-19 to hit world debt harder than WWII, says GlobalData

Despite optimistic expectations around global economic recovery, global debt is expected to skyrocket by the end of 2021 due to continuous rise in government and corporate spending in response to the ‘Great Lockdown’ of the COVID-19 pandemic, says GlobalData. Analysis by the leading data and analytics company has highlighted that debt is forecast to surpass […]

Business Fundamentals

Under Armour increases hires for stores amid DTC shift, finds GlobalData

Sportswear brand Under Armour has been on a hiring spree, according to the Jobs Analytics database by GlobalData, which noted that Under Armour had posted over 2,300 jobs in Q2 – a 151% increase when compared to Q1. This included a spurt of hiring activity in April 2021 – the first time in over a […]

Business Fundamentals

GlobalFoundries makes Singapore, India preferred hiring regions; lists jobs to facilitate IPO, reveals GlobalData

Global chip shortage seems to have forced chip manufacturers to accelerate growth and expansion strategies. In line with this, US-based semiconductor manufacturer GlobalFoundries is investing in manufacturing facilities, and 50% of the total job postings between July 2020 and June 2021* are in Singapore and India. In addition, job listings by the company indicates potential […]

Business Fundamentals

RCEP trade deal aids regional economic integration but Japan needs to be cautious of Chinese influence, says GlobalData

Following today’s (25 June) news about Japan signing the regional comprehensive economic partnership (RCEP) trade agreement involving China, Australia and the Association of Southeast Asian Nations (ASEAN): Gargi Rao, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “The trade deal marks the first trade agreement of Japan with its […]

Business Fundamentals

Indian startups raise US$8.1bn VC funding during January to May 2021, finds GlobalData

Indian startups stood next to Chinese counterparts in terms of venture capital (VC) funding value among the Asia-Pacific (APAC) countries during January to May 2021. A total of 499 VC funding deals were announced in India during the period while the corresponding disclosed funding value of these deals stood at US$8.1bn, according to GlobalData, a […]

Business Fundamentals

Chinese startups brush aside COVID-19 blues to raise US$37.4bn during January to May 2021, reveals GlobalData

Despite the COVID-19 pandemic, Chinese startups raised the highest venture capital (VC) funding amount among the Asia-Pacific (APAC) countries during January to May 2021. A total of 1,303 VC funding deals were announced in China during the period as the disclosed funding value of these deals stood at US$37.4bn, according to GlobalData, a leading data […]

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