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Boeing must act quickly to save the 737 as airlines ground planes in wake of Ethiopian Airlines crash, says GlobalData The fatal crash of Ethiopian Airlines Flight 302 on 10th March 2019 has cast fresh doubt on Boeing’s 737 jet. Nick Wyatt, Head of R&A, Travel & Tourism at GlobalData, offers his view: “The Ethiopian […]
Raised forecast adds to improved outlook for UK upstream production
Following the latest forecast from the UK Oil and Gas Authority (OGA) for the UK’s offshore sector, Jonathan Markham, Senior Upstream Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his insight on the future of the UK’s upstream sector: “After five years of production growth, the base outlook from the […]
Withdrawal of India’s GSP benefits can impact over US$5.6bn worth of exports to US, says GlobalData
The US has recently announced plans to withdraw duty benefits on Indian products under the Generalized System of Preferences (GSP) scheme having accused India of not providing reasonable access to its markets. Reportedly, India is one of the largest beneficiaries of the program, with more than US$5.6bn* worth of commodities exported to the US under […]
As National Colorectal Cancer Awareness Month draws attention to the disease, colorectal cancer screening tests market expected to surpass $2bn by 2028, says GlobalData
March is National Colorectal Cancer (CRC) Awareness Month, a time aimed at raising disease awareness and preventing future incident cases, primarily by encouraging individuals to participate in CRC screening programs. Alison Casey, Medical Devices analysts at GlobalData, commented, “Aging populations and increasing disease awareness mean that CRC screening has become a priority for many countries. […]
Deutsche and Commerzbank merger talks prompted by fears of foreign takeover, says GlobalData
Following the news of merger talks between Germany’s two largest banks, Deutsche and Commerzbank, Sean Harrison, Banking Analyst at GlobalData, a leading data and analytics company offers his comment: “These merger talks are unsurprising. Both banks have had a torrid time, suffering from poor profitability and inefficient operations. According to GlobalData’s Global Retail Banking Analytics tool […]
Hotel Tonight will help Airbnb increase appeal ahead of anticpated IPO, says GlobalData
Following the news on the 7th March 2019 that San Francisco-based travel giant, Airbnb has agreed to acquire Hotel Tonight, Nick Wyatt, Head of R&A, Travel & Tourism at GlobalData, offers his view on the deal: “Airbnb’s long-stated aim is to create what it calls ‘an end-to-end travel platform’ and acquiring Hotel Tonight makes perfect […]
Translating new upstream development opportunities into tangible production increases will be key for China, says GlobalData
A steadily expanding economy and growing urbanization has led to rapid domestic energy consumption and made China increasingly dependent on foreign oil and gas. To improve domestic energy security, the country unveiled further reforms in 2018, which have prompted interest from international investors. However, translating this into tangible production increases will be the next challenge, […]
Tax breaks provide Russia’s gas giants with a competitive edge, says GlobalData
Significant incentives mean that Russia’s major gas producers, Gazprom and Novatek, are better positioned than many of their peers in terms of their future tax burden, according to GlobalData, a leading data and analytics company. The company’s latest thematic research report: ‘Taxation in Oil and Gas’ reveals a high degree of variation in the upstream […]
Complete reliance on gas for base-load capacity may result in energy security concern for the Netherlands by 2030
The Dutch government’s decision to completely phase out both coal power generation and Groningen gas field by 2030 is expected to result in a massive renewable capacity addition in the Dutch energy mix but also lead to energy security concerns as bulk domestic gas production will stop by 2030, according to GlobalData, a leading data […]
Oversubscribed Heathrow bond sale shows strong support despite looming spectre of Brexit, says GlobalData
Following yesterday’s (March 6) successful bond sale by Heathrow Airport Holdings Ltd, Nick Wyatt, Head of R&A, Travel & Tourism at GlobalData, offers his view: “There has been much doom-mongering with regards to Brexit, but the roaring success of Heathrow’s bond sale shows that investors are far from perturbed despite potential disruption in the eventuality […]
Norway leads new-build capex outlook in North Sea, says GlobalData
Norway is expected to spend the highest new-build capital expenditure (capex) of US$21.2bn on the development of the planned and announced projects, among the countries in the North Sea, during the period 2019–2025, according to GlobalData, a leading data and analytics company. The company’s report: ‘H1 2019 Production and Capital Expenditure Outlook for Key Planned […]
Humira approval for hidradenitis suppurativa treatment in Japan will bolster AbbVie’s profits, says GlobalData
AbbVie and Eisai announced recently that Humira, a fully human anti-TNF-α monoclonal antibody, has received additional approval for the treatment of hidradenitis suppurativa (HS) in Japan. This will strengthen AbbVie’s profits even though there is increasing competition from Humira biosimilars, according to GlobalData, a leading data and analytics company. The approval of this additional indication […]
Intrepid Travel’s new female only tours will open up worldwide travel opportunities for women, says GlobalData
Intrepid Travel, in accordance with International Women’s Day, is launching a new range of women- only expeditions in Morocco, Iran and Jordan, all led by female tour leaders, says GlobalData, a leading data and analytics company. Solo-travel is something that many people already enjoy all over the world and by 2022; GlobalData estimates the number […]
Spinraza’s approval in China will help Biogen weather threats from strong pipeline of drugs, says GlobalData
Following the recent news that Biogen’s Spinraza (nusinersen) won approval from China’s National Medical Products Association (NMPA) as a treatment for spinal muscular atrophy (SMA), Vinie Varkey, MSc, Senior Neurology & Ophthalmology Analyst at GlobalData, offers her view: “The decision was not surprising given the recent efforts of NMPA to reform the process of approving […]
Contactless cards will threaten small merchant cash users in the US, says GlobalData
Increased deployment of contactless cards in the US is likely to cause cash usage for everyday transactions to decrease. As more consumers gain access to these cards, the US will eventually become a cashless society, says GlobalData, a leading data and analytics company. Contactless cards have been widely adopted across a number of developed markets. […]
Payment segment emerges as lucrative investment avenue in Q4 2018, finds GlobalData
With consumers globally embracing financial technologies, digital payments firms are fast disrupting the hegemony of traditional players in the payment value chain. Against this backdrop, the payment segment is emerging as a lucrative investment avenue for merger and acquisition (M&A) activities and venture financers, according to GlobalData, a leading data and analytics company. The company’s […]
Esketamine set to change management treatment in patients with major depression disorder, says GlobalData
Following the news (5th March 2019) that the US FDA approved Johnson & Johnson’s nasal spray antidepressant, Esketamine, Alessio Brunello, Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “Esketamine, developed by J&J, is the first major depression disorder (MDD) treatment, with a novel mechanism of action, to be approved […]
Policy risks for Lebanon’s second offshore round despite stable fiscal terms
Political and economic instability may affect Lebanon’s second offshore licensing round, according to GlobalData, a leading data and analytics company. The company’s ‘Lebanon Upstream Fiscal and Regulatory Report’ states that Lebanon is expected to offer a stable fiscal framework for the second round, which comes amid continued interest in the Eastern Mediterranean from new discoveries […]
Contactless transactions set to surge in Poland following raise in payment limit, says GlobalData
An increase in the number of people using banks, availability of low cost bank accounts, lower interchange fees and improved infrastructure have positioned Poland as one of the most advanced and innovative payment markets in Europe. Effective from the second quarter (Q2) 2019, contactless usage is anticipated to grow further in the country due to […]
Mexico will need US natural gas for the next decade, despite energy sovereignty claims, says GlobalData
“Without a comprehensive strategy that considers development of large natural gas resources, both onshore and offshore, it will be difficult to reduce the volume of imports demanded for power generation and industrial use. On the other hand, interconnection of US and Mexico natural gas markets appears to work, and at present, the cheap natural gas […]