Business Fundamentals

Top 20 global payment companies thrive amidst economic headwinds, generate $228 billion revenue in 2022, reveals GlobalData

Despite the challenges posed by expansionary monetary policy, geopolitical uncertainties, pandemic-related supply chain disruptions, and a macroeconomic environment with heightened inflation and increased energy costs, the global payments industry witnessed an exceptional 2022. The top 20 public payment companies experienced a notable 15.5% increase in their top-line performance, reaching a total of $228 billion, reveals […]

Egypt economic outlook faces turbulence amid currency devaluations, inflation pressure, says GlobalData

Egypt’s economic prospects are expected to be negatively impacted by import controls, inflation resulting from a substantial weakening of the Egyptian pound, and the implementation of aggressive monetary policy tightening measures. These factors are likely to weigh on the domestic demand and investment, thus hampering the overall economic prospects of the country. Against this backdrop, […]

Business Fundamentals

Top 20 APAC tech firms overcome challenges with modest revenue growth in 2022, reveals GlobalData

The year 2022 was a mixed one for the Asia-Pacific (APAC) technology industry with 55% (11) of the top 20 technology* companies witnessing year-on-year (YoY) cumulative revenue growth, while others facing challenges. This resulted in a modest 0.2% increase in aggregate revenue, reaching an impressive total of $1.2 trillion, reveals GlobalData, a leading data and […]

Business Fundamentals

GlobalData Q1 2023 report reveals positive company filings sentiment and embrace of technological advancements for enhanced business growth

Technology, Automotive, Pharma, Medical, Foodservice, Insurance and Power industry sentiment was more positive Belarus and China mentions up. Sentiment improved for Philippines, Vietnam, India, and Indonesia Mentions of AI and Inflation also up during the quarter Company filings sentiment was slightly up by 3.1% year-on-year (YoY) in the first quarter (Q1) of 2023. Notably, the […]

Business Fundamentals

Japan economy poised for moderate 1% expansion in 2023 despite challenges, forecasts GlobalData

Despite potential challenges posed by high prices and lower external demand, Japan’s economy is poised to experience a moderate recovery following its reopening in October 2022. Against this backdrop, the Japanese economy will maintain its growth momentum with a projected expansion of 1% in 2023, the same as the previous year, forecasts GlobalData, a leading […]

Business Fundamentals

Lufthansa tops list of 10 most mentioned European airlines on social media over last one year, reveals GlobalData

Travelers are heading back with intense determination this summer after being compelled to take a two-year hiatus owing to the COVID-19 pandemic and ensuing regulations, limitations, guidelines, and outright bans on travel and entry into a foreign nation. Against this backdrop, social media share of voice (Twitter and Reddit) focused on European Airlines revealed that […]

Business Fundamentals

Top 25 global retailers thrive amidst challenges to post 7.1% YoY revenue growth in 2022, reveals GlobalData

Despite the challenges of high inflation rates, labor shortages, and disruptions in the supply chain, the top 25 publicly traded global retailers achieved a remarkable year-on-year (YoY) revenue growth of 7.1% to $3.5 trillion in 2022. The retail industry worldwide reaped the benefits of COVID-19 pandemic-induced circumstances as consumers were compelled to shift their shopping […]

Business Fundamentals

VC funding by India startups nosedives by 77.8% YoY during January-April 2023, reveals GlobalData

With distressed funding activity in India, there was a sharp decline in venture capital (VC) deals volume and value in the country. The disclosed funding value of VC deals year-on-year (YoY) declined by a massive 77.8% to $2.7 billion during January to April 2023, reveals GlobalData, a leading data and analytics company. An analysis of […]

Business Fundamentals

UAE economic growth outlook for 2023 to suffer due to oil output decline, external demand challenges, reveals GlobalData

The UAE’s economic growth prospects for 2023 face key obstacles, including a decline in oil output resulting from OPEC-agreed production cuts, a slowdown in the non-oil sector due to higher interest rates, and subdued external demand. The real GDP of the UAE is forecast to expand at a slower pace of 3% in 2023, compared […]

Business Fundamentals

Ripple diversifies hiring strategy away from US in line with evolving regulatory landscape, observes GlobalData

The blockchain industry is subject to varying regulatory frameworks across different countries. Resultantly, companies operating in the space often adopt hiring strategies with a shift in focus towards countries with conducive regulatory environment. Ripple, a blockchain technology company, also seems to have had its hiring activity focus shifting away from the US to other countries […]

Business Fundamentals

US debt ceiling talks spark concerns among Twitter influencers, reveals GlobalData

Intensive negotiations between President Joe Biden and other US leaders on the debt ceiling have sparked a surge in Twitter influencer conversations. With just a few weeks remaining before a potential debt default in June 2023, influencers express growing concern as no deal has been finalized yet and political discussions on the debt ceiling jitters. […]

Business Fundamentals

AI hallucination debate among social media influencers surges as concerns mount over reliability of GenAI tools, reveals GlobalData

The rise of generative artificial intelligence (AI) tools with large language models (LLM) such as ChatGPT, Bard, and Bing, has ignited a spirited discussion among Twitter and Reddit influencers. Dubbed the “AI hallucination debate,” it centers around concerns regarding the accuracy and reliability of information generated by these tools, fueling calls for ethical oversight and […]

Business Fundamentals

Germany economic growth faces inflationary pressures, but industrial sector signals hope, reveals GlobalData

The persistent inflationary pressures in Germany are still impacting the consumer spending and domestic demand. Moreover, the subdued outlook for external demand is expected to further dampen trade prospects. Considering these circumstances, the country’s economic growth is set to decelerate from 1.8% in 2022 to 0.1% in 2023. Nevertheless, there are encouraging developments in the […]

Business Fundamentals

Extended lockdowns in China weigh on revenue growth of top APAC banks in 2022, says GlobalData

The revenue growth of top Asia- Pacific (APAC) banks was impacted by extended lockdowns and the real estate crisis in China. In addition, the banks faced challenges from high inflation, interest rate hikes, and geopolitical issues. As a result, the aggregate revenue of the top 20 APAC banks increased by 4% to $1.6 trillion in […]

Business Fundamentals

VC funding by China startups plummets 44.8% YoY, but outperforms global markets, during January-April 2023, reveals GlobalData

The venture capital (VC) funding received by startups in China experienced a significant decline of 44.8% year-on-year (YoY) during January-April 2023, reaching a total of $11.6 billion. This marks a stark contrast to the corresponding period in 2022, when the deal value amounted to $21.2 billion. However, despite this downturn, China has managed to outperform […]

Business Fundamentals

UK startups secure $5.1 billion venture capital during January-April 2023, reveals GlobalData

The UK-based startups managed to raise $5.1 billion venture capital (VC) funding during January to April 2023, which is 53.2% less compared to $10.8 billion raised during the same period the previous year, reveals GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that a total of 471 VC […]

Business Fundamentals

GlobalData report finds cybersecurity, AI as top themes for Google as it looks to push boundaries with Generative AI

Google’s recent announcement of integrating generative artificial intelligence (AI) models into its cloud platform and workspace highlights its dedication to bolstering cybersecurity. With a focus on generative AI, AI applications, workspaces, APIs, and cybersecurity, Google is taking the lead in adopting the latest technologies like PaLM and LaMDA. This pivotal step paves the way for […]

Business Fundamentals

US startups raise $45.6 billion venture funding in January-April 2023, reveals GlobalData

A total of 2,577 venture capital (VC) funding deals were announced in the US during January to April 2023 while the disclosed funding value of these deals stood at $45.6 billion, finds GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that VC deals volume in the US declined […]

Business Fundamentals

Discussions on strategic partnerships decreased by 39% in Q1 2023, finds GlobalData

Discussions on strategic partnerships are indicative of the imperative to proactively anticipate and respond to emerging challenges and opportunities and stay ahead of the curve in the business landscape. However, those discussions have experienced a significant decline of 39% in Q1 2023 compared to the same period in 2022, finds the Company Filings Analytics Database […]

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