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2019 continues to be a challenging year for retailers as the total retail spend index declined in March, falling 3.6ppts versus February, dropping to levels seen in the summer of 2018 when consumers were distracted by warm weather and sporting events, according to GlobalData, a leading data and analytics company. Retail spending continues to be affected […]
Weak response to SECI’s wind tender shows the price sensitivity of developers, says GlobalData
Following the recent news (April 17 2019) that SECI’s 1,200 MW wind tender has been undersubscribed to the extent of 50%, Harminder Singh, Power Analyst at GlobalData, a leading data and analytics company, offers his views on the weak response to the tender: “The tender has seen bids from only four players, for a total […]
Autonomous vehicles set to be fastest-growing automotive sector with more than 11m sales by 2033
There is no doubt that profound change is occurring in the automotive industry and now more than ever, it is critical to know which sectors will grow rapidly in the coming years and the ones facing an existential threat, says GlobalData, a leading data and analytics company. Mike Vousden, Automotive Analyst at GlobalData, commented: “The […]
Russia will contribute 91% of Former Soviet Union’s new-build underground gas storage capacity growth by 2023
Russia will drive growth in Former Soviet Union’s (FSU’s) planned and announced underground gas storage industry between 2019 and 2023, contributing around 91% of the working gas capacity growth in the region, according to GlobalData, a leading data and analytics company. The company’s report: ‘Underground Gas Storage Industry Outlook in Former Soviet Union to 2023 […]
Major players continue Latin American exploration push in Argentina’s First Offshore Round, says GlobalData
Following the recent news that 13 companies provisionally won a total of 18 blocks in Argentina’s First Offshore Licensing Round, Toya Latham, Upstream Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers her view on the deal: “Major players with significant interests in offshore Latin American countries have successfully bid for […]
Nexi to benefit from Italian wave of payments transformation, says GlobalData
Following Nexi’s successful IPO and subsequent share price dip, the company is under pressure to prove its worth, says GlobalData, a leading data and analytics company. The trends in the Italian payments market are favourable for future growth for the company. Nexi’s recent IPO allowed the payment services specialist to raise €2.01bn, but Nexi’s stock […]
Flavor innovation drives confectionery sales in APAC, says GlobalData
As consumers increasingly crave novel and unique flavors, manufacturers in the Asia-Pacific (APAC) confectionery sector are introducing products to suit the taste and preferences of these variety seekers, according to GlobalData, a leading data and analytics company. In line with the trend, Mars launched Chocolate Candies in a Lahuasheng (Spicy Peanut) flavor in China while […]
Interac evolved beyond debit cards to cater to emerging digital payment landscape in Canada, says GlobalData
Canada’s national payment scheme ‘Interac’, which facilitates electronic financial transactions between financial institutions and other enterprises, has evolved its product proposition beyond debit cards in light of the fast-changing electronic payments landscape, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Payments Landscape in Canada: Opportunities and Risks to 2022’, states that while […]
India’s offshore wind prospects boosted on co-operation with Denmark, says GlobalData
Following the recent news that the Ministry of New and Renewable Energy of India (MNRE) and Denmark’s Ministry for Energy, Utilities, and Climate have signed a cooperation agreement in the field of renewable energy with a special focus on offshore wind, Ankit Mathur, Practice Head of Power at GlobalData, offers some valuable insights: “As a […]
Petrobras continues to lead global deployment of planned and announced FPSOs, says GlobalData
Petroleo Brasileiro SA (Petrobras) is expected to deploy 17 planned and announced floating production, storage and offloading vessels (FPSOs) globally during the outlook period 2019–2025, the highest among all the operators globally, according to GlobalData, a leading data and analytics company. The company’s report: ‘Q2 2019 Global FPSO Industry Outlook – Petrobras Continues to […]
Low value VC investments accounted for major share in IoT space during 2018, finds GlobalData
Venture capital (VC) investments in the Internet of Things (IoT) space experienced a fluctuating trend in 2018, as the share of deals valued <$5m mostly grew while the deal volume registered inconsistent growth during the year, says GlobalData, a leading data and analytics company. Overall deal volume witnessed decline in Q2 and Q3 2018 before […]
IoT deal activity witnessed fluctuating fortunes during 2014-2018, says GlobalData
The Internet of Things (IoT) industry seems to have past the hype as concerns around the security of devices connected through IoT start emerging day by day. This reflects in the analysis of GlobalData, a leading data and analytics company, which reveals that venture capital (VC) funding and mergers and acquisitions (M&A) activity in the […]
Netherlands contributes 45% to Europe’s gas processing capacity
The Netherlands drives Europe’s gas processing industry, contributing around 24,587 million cubic feet per day (mmcfd) of gas processing capacity from 50 active gas processing plants, according to GlobalData, a leading data and analytics company. The company’s report: ‘Gas Processing Industry Outlook in Europe to 2023 – Capacity and Capital Expenditure Outlook with Details of […]
BNP Paribas’s, ‘Genius’ virtual assistant, will make banking more convenient for 67% of French millennials
Retail banking company, BNP Paribas have launched ‘Genius’, a virtual assistant capable of analyzing spending trends to suggest when users should save, says GlobalData, a leading data and analytics company. According to GlobalData’s 2018 Retail Banking Insight survey there is clear demand for such a service, with 67% of French millennials saying they would use […]
Easter provides great opportunity for tourist destinations to offer Europeans wider cultural experiences, says GlobalData
Easter provides a boost to religious tourism, and destinations that offer more than a religious experience are best placed to maximize the benefit of Easter tourism, says GlobalData, a leading data and analytics company. GlobalData’s Q4 2018 global consumer survey shows that only 3% of Europeans typically take a religious holiday. However, 33% take cultural […]
Asia and North America to lead global caustic soda capacity additions by 2023
Global caustic soda capacity is poised to see considerable growth over the next five years, potentially increasing from 93.71 million tonnes per annum (mtpa) in 2018 to 98.65 mtpa in 2023, registering a total growth of 5%, led by Asia and North America, says GlobalData, a leading data and analytics company. The company’s report, ‘Global […]
Despite Brexit turmoil, a Franco-British cruise missile project goes on and bets on good export figures, says GlobalData
In spite of the current Brexit turmoil, recent evolutions suggest the Franco-British Future Cruise/Anti-Ship Weapon (FC/ASW) program is well on track, says GlobalData, a leading data and analytics company. The joint-program, designed by European missile specialist MBDA, passed a key-review milestone last month, two years into its conception phase and on time to start development […]
Achaogen’s bankruptcy is a signal to delink antibiotics revenue from sales volume, says GlobalData
Following the news on April 15, 2019 that Achaogen has filed for Chapter 11 bankruptcy, Paul Jeng, Senior Pharma Analyst at GlobalData, a leading data and analytics company, offers his view on how incentives for antibiotics development can be reformed: “Achaogen’s bankruptcy comes less than one year after the company won approval for Zemdri for […]
Goldman Sachs reaching out to the mass affluent will be beneficial for growth, and 59% of global wealth managers agree, says GlobalData
Following yesterday’s news (16th April 2019) that Goldman Sachs aim to expand their wealth management services to the mass affluent through a technology and human influenced investment platform Sergel Woldemichael, Wealth Management Analyst at GlobalData, a leading data and analytics company, offers his view on the future expansion: ‘‘With competition increasing, and Q1 2019 net […]
Advancement of LNG business will transform Mozambique into a top 10 global LNG supplier, says GlobalData
Mozambique is expected to become one of the world’s top 10 largest LNG producers by the mid-2020s, when over 30 million tonnes per annum (mtpa) of LNG comes on stream, on a par with capacity in African leaders Nigeria and Algeria, says GlobalData, a leading data and analytics company. The feed gas for new LNG […]