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Following the news (Friday 27 September) that Saudi Arabia has introduced reforms to its visa regulations and dress-code restrictions for women to encourage foreign tourists; Richard Thompson, Editorial Director at GlobalData, a leading data and analytics company, offers his view on Saudi Arabia’s tourism market: “The opening up of Saudi Arabia’s tourism market to international visitors […]
British Airways negotiating position weakened by strike’s financial impact
Following today’s announcement (Thursday 26 September) by British Airways’ (BA) that this month’s two-day strike called by pilots in a dispute over pay and conditions have cost €137 million; Nick Wyatt, Head of Research and Analysis for Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “BA’s […]
EU’s top court ruling for Google exposes varied gaps in guaranteeing data privacy
Following the recent news that the European court of Justice decided in favour of Google, in a long-standing debate about the limitations of the so-called ‘Right to be forgotten’; Emma Mohr-McClune, Service Director at GlobalData, a leading data and analytics company, offers her view on the ruling: “This ruling, and all of the preceding rulings […]
Potential first-in-class CMV therapeutic TAK-620 set to reach global sales of $7.1m by 2027
Following the publication (Wednesday 25 September) of new Phase II data for Takeda’s TAK-620 (maribavir) as treatment for cytomegalovirus (CMV) infections in recipients of hematopoietic cell or solid organ transplant; Paul Jeng, Senior Pharma Analyst at GlobalData, a leading data and analytics company, offers his perspective: “TAK-620 performed favorably in virus clearance compared to the […]
Fuel-saving tech and e-axles will keep profitable SUVs on sale as emissions rules tighten
Consumers across the world are flocking towards sport utility vehicles (SUVs) and away from traditional sedans, wagons and hatchbacks, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘The Rise of the SUV‘, found that the market share of SUVs in the US jumped from less than 45% in 2012 to nearly 65% […]
Thomas Cook collapse down to failure to understand its own industry
Following the recent news (Monday 23 September) that Britain’s oldest travel agent has collapsed; Cyrus Mewawalla, Head of Thematic Research at GlobalData, a leading data and analytics company, offers his view on what caused the travel company’s demise: “Travel company Thomas Cook’s collapse is a direct result of the company’s failure to understand the disruptive […]
Onshore and offshore installations of wind turbine towers to grow by 0.8% and 23.9% to 2023
The wind turbine towers market is expected to grow at a compound annual growth rate (CAGR) of 2.9% between 2019 and 2023. Favorable government policies and growing environmental concerns are underscoring the growth in the wind power market, according to GlobalData, a leading data and analytics company. During the forecast period the onshore market will […]
Thomas Cook’s ‘devastating’ collapse a warning to other tourism operators as online sales continue to grow
Following today’s news (Monday 23 September) that one of the largest and oldest travel brands is now going into a devastating collapse, this will truly shake and threaten other travel operators within the tourism industry; Nick Wyatt, Head of Research and Analysis for Travel and Tourism at GlobalData, a leading data and analytics company, offers […]
Crown Estate launches round 4, the first major UK auction for offshore wind leases in a decade
Following the recent news (Thursday 19th September) that the Crown Estate will be launching round 4 of offshore wind leases in the UK; Mohit Prasad, Project Manager at GlobalData, a leading data and analytics company, offers his view: “The Crown Estate, which acts as manager of the seabed in the UK has identified 4 broad […]
North America a solitary bright spot for light vehicle sales as Asia continues to weigh heavily on the market, says GlobalData
Latest global light vehicle sales data for the months of July and August collected by GlobalData shows that the slowdown in light vehicle sales shows no signs of letting up. For the year to date, worldwide sales are down 4.9% to 52.3 million for the eight months. A sales rebound in the US for July […]
German wind industry loses momentum as onshore wind auction fails to attract investors
Following the announcement that the onshore wind power market in Germany has awarded only 187 megawatt (MW) of new onshore wind capacity against 500 MW that was available in the September auction; Mohit Prasad, Project Manager at GlobalData, a leading data and analytics company, offers his view: “The flawed auction design and difficulties in obtaining […]
Thomas Cook may continue to struggle as it faces fierce travel sales competition online with UK market value set to grow 8.4% by 2021
Following today’s news (Friday 20 September) that Thomas Cook confirms its banks have ordered it to find an additional £200m after the troubled tour operator shares plunge 20%; Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers her view on the firm’s current crisis; “Thomas Cook’s current woes are […]
Biotronik sets high expectations for MDR certification among European medical device manufacturers
Following the recent news (Wednesday 18 September) that Biotronik has obtained European Medical Device Regulation (MDR) certification for a Class III (highest risk) medical device; Ashley Young, PhD, Medical Analyst at GlobalData, a leading data and analytics company, offers her view on the implications of this certification: “Biotronik becoming the first medical device manufacturer to […]
CATL reaps rewards from Chinese government’s progressive policy on electric vehicles in latest deal
Following the recent news (Wednesday 18 September) that CATL has agreed to supply lithium-ion battery cells to Daimler Trucks and Buses from 2021; Mike Vousden, Automotive Analyst at GlobalData, a leading data and analytics company, offers his comments on the deal: “The deal struck between CATL and Daimler Trucks and Buses is another confident move […]
First peanut allergy therapy to receive backing from US regulators unlikely to be a good choice for all patients
Following the recent news that a US Food and Drug Administration (FDA) advisory panel recommended approving the first therapy for peanut allergies; Rose Joachim, Immunology Analyst at GlobalData, a leading data and analytics company, offers her view on the therapy’s future: “The FDA’s Allergenic Products Advisory Committee gave Palforzia a resounding vote of confidence and […]
UK wealth market to decline by 5% in 2019 and 2020 if there is a no deal Brexit
Uncertainty around Brexit and the US-China trade war resulted in a poor performance in the UK wealth market in 2018. This year, uncertainty is continuing and KPMG have recently predicted a 1.5% GDP decline in 2020 if Brexit ends in a no deal, worse than the decline in 2008. If this estimation comes to fruition, […]
Burgeoning oncology pipeline increases demand for containment manufacturing, good news for dedicated CMOs investing in containment facilities
The burgeoning oncology pipeline is particularly good news for AMRI, Apeloa, Cambrex, Lonza and Patheon which have multiple containment facilities, according to GlobalData, a leading data and analytics company. There were a total of 1,754 small molecule active pharmaceutical ingredient (API) contract manufacturing facilities included in PharmSource’s API report’s analysis with 29% offering containment capability, […]
59% of millennials globally find autonomous delivery appealing
Millennials worldwide are ready to try autonomous delivery, with 59% of consumers finding the concept either very or somewhat appealing, but boomers and the silent generation are yet to be convinced, according to research in 2018 Q3 conducted by GlobalData, a leading data and analytics company. GlobalData’s report, ‘ForeSights: Food Delivery by Drones’, highlighted that drones […]
Promising novel treatment Brineura set to reach global sales of $358m by 2025
Following the news (Thursday 12 September) that BioMarin’s Brineura (cerliponase alfa) received recommendation by NICE’s Highly Specialised Technology committee; Kajal Jaddoo, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view on the drug’s potential: “Brineura has the potential to be commercially successful as currently there is no cure or life-extending treatments for neuronal […]
Expanded East-West Pipeline will provide limited protection for Saudi Arabia
Expanding the East-West Pipeline’s crude oil capacity to 6.5 million barrels per day (mmbd) will provide Saudi Arabia with an infrastructural improvement, but it will not help the country to completely stave off risks associated with the Strait of Hormuz’s closure or limited accessibility, says GlobalData, a leading data and analytics company. Alessandro Bacci, Oil […]