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GlobalData
GlobalData

Business Fundamentals

Citigroup’s continued trimming of consumer banking business may position it as corporate bank, says GlobalData

Following the news that Citigroup plans to exit UK retail banking business, Murthy Grandhi, Analyst at GlobalData, a leading data and analytics company, offers his views:  “The move to close the UK retail banking operations forms part of Citigroup’s strategy to focus more on its high return wealth management space. Earlier in 2022, the American […]
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Tesla most engaged company on Twitter among top 15 automotive companies, reveals GlobalData

Tesla Inc has emerged as the top automotive company with the highest average reactions1 on Twitter, according to GlobalData’s Social Media Analytics Platform. The remaining top 14 companies were Bayerische Motoren Werke AG (BMW), The Mercedes-Benz Group AG (former Daimler AG), Toyota Motor Corporation (Toyota Motor), Ford Motor Company (Ford), Honda Motor Company, Ltd (Honda), […]
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VC funding by China startups soar 55.9% in August even as several key global markets achieve new low, finds GlobalData

China-based startups raised $5.7 billion worth of venture capital (VC) funding in August 2022, which is a massive 55.9% growth compared to the previous month, reveals GlobalData, a leading data and analytics company. China has been witnessing fluctuating month-on-month VC funding activity so far in 2022. However, August managed to witness massive growth in VC […]
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Asia-Pacific deal activity down by 24.8% in August compared to Q1 2022 monthly average, finds GlobalData

Deal volume (mergers & acquisitions [M&A], private equity, and venture financing deals) across the Asia-Pacific (APAC) region during August 2022 was down by 24.8% and 16% compared to the monthly average of Q1 and Q2 2022, respectively, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that […]
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Travel and tourism deal activity month-on-month down by 31.6% in August 2022, finds GlobalData

The travel and tourism sector recorded a total of 54 deals* globally during August 2022, which is a decline of 31.6% compared to the 79 deals announced during the previous month, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database revealed that this is the second consecutive month of decline in deal […]
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Discussions around chip shortage indicate supply constraints as companies look for alternatives, finds GlobalData

A confluence of problems, from geopolitical tensions to the COVID-19 pandemic induced lockdowns, have led to the current global semiconductor (chip) shortage. Consequently, critical industries such as automotive, medical devices, and telecom continue to bear the brunt. Against this backdrop, the recent earnings call transcripts of 30 key chip manufacturers show that supply chain issues […]
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Following rising inflation and sanctions imposed on Russia, GlobalData revises down its economic growth forecast for the Euro Area to 2.9% in 2022

Heightened inflation and oil shortages as a result of sanctions placed on Russia, alongside a far-worse-than-expected Chinese economic slowdown, have massively impacted economic activity in the Euro Area (EA), found GlobalData. As a result, the leading data and analytics company revised down its prediction for the real gross domestic product (GDP) growth rate in the […]
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Global deal activity down by 16.5% in August 2022, reveals GlobalData

Challenging macroeconomic conditions and geopolitics have negatively impacted the deal-making sentiments globally. Against this backdrop, a total of 4,188 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during August 2022, a decline of 16.5% compared to the previous month, says GlobalData, a leading data and analytics company. An […]
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Job postings in Taiwan up by 35% in August 2022 despite prevailing geopolitical tensions, finds GlobalData

Despite the prevailing geopolitical tensions, job postings in Taiwan rose by 35% in August 2022 compared to previous month, reveals an analysis of the Job Analytics Database of GlobalData, a leading data and analytics company. Sherla Sriprada, Business Fundamentals Analyst at GlobalData, comments: “Defying the repercussions of the ongoing China-Taiwan conflict, companies seem to be […]
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Around 60 top companies across sectors announced layoffs in August 2022, finds GlobalData

Around 60 companies announced layoffs in August 2022, according to GlobalData’s News Database, with the technology sector responsible for the majority of these announcements. According to the leading data and analytics company, rising inflation, interest rates, geopolitical tensions, and fears of a possible recession have negatively impacted business sentiment across all sectors leading to companies cutting […]
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Beijing and Tokyo-based public enterprises topped the aggregated revenue stream of globally listed companies from the top 25 cities by GDP, says GlobalData

In 2021, the market share of Beijing-based public companies stood at 22.9%, topping the global top 25 cities by gross domestic product (GDP), followed by Tokyo and London-based public companies in terms of aggregate revenue, says GlobalData. The leading data and analytics company found that in terms of the top 25 cities*, the US has […]
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Jobs Recap August 2022: GlobalData finds continuous layoffs amid sizable decline in active, posted, closed jobs

Companies across sectors, including technology, retail, and banking & payments, continued to announce layoffs, and a sizable decline in active jobs (number of jobs available for application) is also apparent in August 2022, reveals GlobalData, a leading data and analytics company. An analysis of GlobalData’s Jobs Analytics database has identified a seven index-points decrease in […]
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