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India is the largest supplier of generic drugs in the world and more than 30% of its pharmaceutical exports, including branded drugs and generics, by volume are to the US market. However, a series of setbacks for the country’s pharma companies operating in the US, including price fixing allegations, manufacturing quality questions and new EU […]
China to drive global propylene industry growth between 2019 and 2030, says GlobalData
China is expected to drive the global propylene industry growth from planned and announced plants between 2019 and 2030, contributing around 33% of the total propylene capacity additions, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Propylene Capacity and Capital Expenditure Outlook, 2019 – China and India to Lead Globally […]
E.ON’s move to supply 100% renewable electricity signals changing trend in UK power market
E.ON’s move to supply its residential customers with 100% renewable electricity can potentially influence the *Big Six to move towards renewable energy and signals a changing trend in the UK power market, says GlobalData, a leading data and analytics company. With the UK aiming to phase out all its coal-fired plants by 2025, the Big […]
Brazil continues to lead global deployment of planned and announced FPSOs to 2025
A total of 20 planned and announced floating production, storage and offloading vessels (FPSOs) are expected to be deployed offshore Brazil between 2019 and 2025, the highest among countries globally, according to GlobalData, a leading data and analytics company. The company’s report: ‘Q3 2019 Global FPSO Industry Outlook – Brazil Continues to Lead Upcoming FPSOs […]
Zolgensma’s reimbursement challenges are expected to be overcome, says GlobalData
Following the news that Swiss pharma major Novartis is finding it difficult to win payer coverage for its new $2.1m gene therapy to treat spinal muscular atrophy (SMA)–Zolgensma, Vinie Varkey, Senior Analyst of Neurology & Ophthalmology at GlobalData, a leading data and analytics company, offers her view: “The situation is not perceived as one that […]
Solar and wind segments to lead renewable power growth in Sweden during 2019–2030, says GlobalData
The overall renewable power capacity, excluding hydropower, in Sweden is projected to more than double from 14.8 gigawatt (GW) in 2019 to 30.4 GW in 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Sweden Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and Competitive Landscape’, reveals that […]
Gas and renewable to dominate Belgium’s power generation mix by 2030
Gas and renewable power are set to dominate Belgium’s power generation mix, following the phase-out of 7.2 gigawatts (GW) of cumulative coal and nuclear capacity by 2025. Gas-based capacity is set to reach 9GW in 2030, while renewable capacity (excluding hydro) will reach 18.1GW in 2030, according to GlobalData, a leading data and analytics company. […]
Amgen, Novartis pull their Alzheimer’s pipeline drug, seeing hopes fading for BACE inhibitor class, says GlobalData
Following today’s (11 July 2019) news that Amgen, Novartis and Banner Alzheimer’s Institute have decided to discontinue the development of their BACE1 inhibitor pipeline drug CNP520 (umibecestat) in two pivotal Phase II/III studies in the Alzheimer’s Prevention Initiative Generation Program, Maura Musciacco, Senior Director of Neurology & Ophthalmology at GlobalData, a leading data and analytics […]
CoCo Ichi’s foray into India’s foodservice market opens doors to new age experimental cuisine, says GlobalData
Following the recent announcement that Japan’s largest curry rice chain Ichibanya (CoCo Ichi) has formed a 60:40 joint venture (JV)–Ichibanya India–with Mitsui & Co to foray into the Indian foodservice market, Sumit Chopra, Consumer Research Director at GlobalData, a leading data and analytics company, offers his views: “High levels of urbanization, increasing disposable incomes and […]
Thomas Cook has no choice but to undergo radical change after Fosun deal is agreed
Thomas Cook has today (12 July 2019) confirmed talks over a rescue deal with Fosun. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view on the news: “Thomas Cook CEO Peter Fankhauser has confirmed that he is seeking a solution that will allow the company to continue […]
Abbott will gain an edge over competitors with FDA approval of Alinity™ s System
On 11th July 2019 Abbott announced that the U.S. Food and Drug Administration (FDA) has approved its Alinity™ s System, which can be used to screen whole blood and source plasma donations for infectious diseases such as HIV, Hepatitis B, and Hepatitis C. Alison Casey, Medical Devices Analyst at GlobalData, a leading data and analytics […]
Almost half of companies delaying cybersecurity investment – they must act now
The hefty fines announced this week for significant data breaches at British Airways and Marriott have brought cybersecurity measures at major corporations into stark focus. Nick Wyatt, Head of R&A, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view: “In a survey conducted by GlobalData, 37% of respondents stated that […]
American firms remain at forefront of VC investment in AI tech space, says GlobalData
Venture capital (VC) funding in artificial intelligence (AI) startups hit a record high in 2018 with the top 10 VC investors participating in a total of 150 funding rounds, which is an increase of 66.7% over the 2014–2017 average. Eight of the global top 10 VC investors in the AI tech space in 2018 were […]
UK renewable sector set to draw massive investments by 2030
Investment in the UK renewable sector (excluding small hydropower) is set to increase as the sector is expected to almost double its capacity by 2030. Gas-based capacity is also slated to increase by 10 gigawatts (GW) between 2018 and 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘UK Power Market […]
Colombia led globally with highest number of oil and gas discoveries in Q2 2019
Colombia led globally with seven oil and gas discoveries in the second quarter (Q2) of 2019, followed by India, Russia and Pakistan with three each, according to GlobalData, a leading data and analytics company. GlobalData’s report: ‘Q2 2019 Global Oil and Gas Discoveries Review – Colombia Leads with Highest Number of Discoveries in Quarter’ reveals […]
Global power M&A market remained strong in 2018 with transaction volumes reaching US$158bn
The global power mergers and acquisitions (M&A) market remained strong in 2018 with transaction volumes reaching US$158bn, the second highest in the last five years. However, the number of deals registered decreased to 622, compared to 651 deals in 2017, according to GlobalData, a leading data and analytics company. Out of the 622 transactions reported […]
Outbound spending of Mexican travelers set to reach US$16.9bn in 2023
The number of Mexican travelers spending on outbound travel is set to increase at a compound annual growth rate (CAGR) of 4.43% from US$13.6bn in 2018 to US$16.9bn in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s latest report: ‘Tourism Source Market Insight: Mexico’ reveals that this growth is driven by increasing […]
Elderly population to outpace overall population growth rate between 2018 and 2025 in Americas, says GlobalData
Increasing life expectancy, decreasing mortality rates and low birth rates in cities in the Americas has led to a rise in the elderly population (aged 65 and over). Against this backdrop, 116 out of 710 metropolitan cities from the American region will have more than 20% of the population in the age band of 65 […]
British Airways’ £183m fine a wake-up call for other companies
British Airways is facing a record fine of £183m for last year’s security breach. Nick Wyatt, Head of R&A, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on what this means for other companies: “We’ve been saying for a long time that companies in the travel & tourism sector […]
India leads globally on urea capacity additions by 2030, says GlobalData
India is expected to drive the global urea industry growth from planned and announced plants between 2019 and 2030, contributing around 24% of the total urea capacity additions, according to GlobalData, a leading data and analytics company. The company’s report: ‘Global Urea Capacity and Capital Expenditure Outlook, 2019 – India and Iran Lead Global Capacity […]