Business Fundamentals

Carnival needs to set sail again and generate jobs

The global travel and tourism industry has been badly hit by COVID-19 and this is noticeable in the overall hiring pattern. Companies across the tourism industry are struggling to stay afloat and cruise liners such as Carnival is no exception as the British-American company is in dire straits to sustain operations, says GlobalData, a leading […]

Skadden and Kirkland & Ellis were top legal advisers by value and volume for Q1-Q3 2020, says GlobalData

Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers for Q1-Q3 2020 by value and volume, respectively, according to GlobalData’s Financial Deals Database. Skadden advised on 130 deals worth US$202.1bn, which was the highest among all the advisers. Meanwhile, Kirkland & Ellis led in volume terms and […]

Business Fundamentals

Deal activity in Asia-Pacific up by 3.9% in September 2020, reveals GlobalData

A total of 2,176 deals were announced in the Asia-Pacific (APAC) region during September 2020, an increase of 3.9% over the 2,094 deals announced during the previous month, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that the deal volume during the month remained above the […]

Business Fundamentals

Global deal activity witnessed marginal growth in September 2020

A total of 6,598 deals were announced globally during September 2020, which is an increase of 1.7% over 6,488 deals announced during the previous month, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that deal volume during the month remained above the first and second quarter […]

Business Fundamentals

Financial services sector paves way for rebounding economy

Businesses have been burdened with innumerable headwinds driven by the COVID-19 pandemic. The surge in cases caused demand slumps not seen in decades, as policymakers were forced to compromise between public health and business activities. As most sectors are now seeing glimpses of recovery from the crisis, geopolitical situations continue to jolt economic rebounds. The […]

Business Fundamentals

Goldman Sachs was top M&A financial adviser by value and volume for Q1–Q3 2020

Goldman Sachs was the top financial adviser for mergers and acquisitions (M&A) deals by both deal value and volume for Q1–Q3 2020, having advised on 197 deals worth US$405.8bn, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: “Goldman Sachs’ involvement in big-ticket deals helped the firm […]

Business Fundamentals

Major recessionary economies expected to grow at a modest pace in 2021, says GlobalData

As major economies are pushed into recession due to the impact of the COVID-19 pandemic, the global economy is forecasted to contract by 3.9% in 2020, according to GlobalData, a leading data and analytics company. However, if countries continue to gradually lift lockdowns and ease social distancing measures, the global economy is projected to recover […]

Business Fundamentals

The Americas were second riskiest region in Q2 2020, says GlobalData

The overall risk of the Americas region was recorded at 51.5 out of 100 in Q2 2020, according to the Global Country Risk Index (GCRI) created by GlobalData, a leading data and analytics company. Calculated from the analysis of 52 indicators that affect the levels of risk a country face, the GCRI shows that global […]

Business Fundamentals, Technology

Salesforce is adapting to new digital environment amid COVID-19 pandemic

Technology-based companies are cutting costs and investing in growth areas in line with the new digital normal, and, as per this industry trend, hiring remained conservative for Salesforce between May and July. However, the company has had an upward trend in job postings since mid-August, indicating a revival of recruitment, according to GlobalData, a leading […]

Business Fundamentals, Technology

Slack’s sentiments tumble in Q2 2020 despite growth in metrics

Slack Technologies (Slack) witnessed sentiments decline by 12% in Q2 2020 (quarter ended in July 2020) compared to Q1 2020. The dip was primarily driven by a weaker-than-expected financial performance, says GlobalData, a leading data and analytics company. Sentiment scores for Slack hit a 12-month low after its latest earnings release. In Q2 2020, the […]

Aerospace, Defense & Security, Business Fundamentals

A&D sector’s sentiment score finally shows signs of steadying in August 2020 after previous declines

The aerospace and defense (A&D) sector’s average earnings transcript sentiment score for August 2020 was on par with July 2020, after facing declines in past months. Sentiments were influenced by improvements in top gainers’ EBITDA margins, and robotics was one of the most popular discussion points within the industry’s earnings transcripts, says GlobalData, a leading […]

Business Fundamentals

Europe remained the lowest risk region although risk intensified in Q2 2020, says GlobalData

The overall regional risk score in Europe increased from 32.7 out of 100 in Q4 2019 to 39.1 in Q2 2020, according to GlobalData’s proprietary Global Country Risk Index (GCRI). However, despite this rise, the score is still the lowest among all regions – compared with, for example, the Middle East and Africa (MENA) region, […]

Banking, Business Fundamentals

Brexit remains concern despite sentiment growth in UK FS sector

Brexit-driven policy disruptions continue to jolt UK financial service (FS) companies as the looming threat of a no-deal Brexit and its uncertainty have made financial institutions wary of any significant investment, says GlobalData, a leading data and analytics company. Rinaldo Pereira, Senior Analyst at GlobalData, comments: “The mentions of ‘Brexit’ (in all FS company filings) […]

Automotive, Business Fundamentals

Tesla defies odds and paces up hiring to maintain market leadership, says GlobalData

Despite the automotive industry suffering through the challenges brought on by COVID-19, Tesla has defied the odds and continued to hire at a higher rate than average throughout the pandemic. According to GlobalData’s Jobs Analytics database, hiring in the global automotive industry remained mostly flat, with job postings seeing decline in Q2 before showing signs […]

Business Fundamentals

Japan’s designated start-up city hubs will drive innovation and create employment opportunities, says GlobalData

Japan, once a global technology leader, is losing race to its peers in producing tech unicorns due to lack of conducive start-up ecosystem. Realizing it, in July 2020, the country announced plans to establish four start-up ecosystem base cities in and around Tokyo (Tokyo Consortium), Aichi (Central Japan Start-up Ecosystem Consortium), Kansai (Osaka/Kyoto/Hyogo Kobe Consortium) […]

Automotive, Business Fundamentals

Auto sector’s August sentiment score declined by 8% compared to July 2020 as companies struggle to keep up margins

The automotive sector’s August 2020 average earnings transcript sentiment score declined by 8% after showing promising improvements in July. The top gainers, in terms of sentiment score, were China Yuchai International Limited (CYI), Commercial Vehicle Group and Bayerische Motoren Werke (BMW), while the top losers were Adient, Martinrea International and Sypris Solutions, says GlobalData, a […]

Business Fundamentals

500 US companies file for bankruptcy and more expected, says GlobalData

Amid the financial and economic crisis triggered by COVID-19, around 500 businesses have filed for bankruptcy since March 2020 and the trend is only set to persist in the coming months, says GlobalData, a leading data analytics company. Bindi Patel, Economic Research Analyst at GlobalData, says: “An increasing number of US companies are filing for […]

Business Fundamentals

COVID-19 triggers emerging wave of bankruptcy filings in multiple sectors

COVID-19 has triggered several liquidation and bankruptcy filings as top companies seem to have fallen into financial limbo. Poor financial management and slower digital transitions have particularly impacted retailers, and, there have been rising cases of physical retailers defaulting rent payments. The sectors with the most insolvency filings are retail (32%), oil and gas (30%), […]

Business Fundamentals

Global hiring experiences mixed recovery as demand patterns impacted by COVID-19

COVID-19 has impacted hiring across all industries globally according to the latest findings by GlobalData, a leading data and analytics company. While trends were positive for most of Q1 2020, the severe impacts of COVID-19 in Q2 have resulted in job posting declines. While Q3 brought some respite with a resurgence in hiring, the trends […]

Business Fundamentals

Global deal activity witnessed marginal growth in August

The number of deals announced globally mostly remained relatively steady in August compared to the previous month while deal volume increased marginally by 1% from 6,423 in July to 6,488 in August, according to GlobalData’s deals database. An analysis of GlobalData’s Financial Deals Database revealed that the deal volume during the month remained above average […]

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