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COVID-19 causes insurtech deals to slow in 2020

All categories of insurtech deals and mergers have seen significant declines in 2020 as the coronavirus pandemic has seen investment into startups and technology plummet, according to GlobalData, a leading data and analytics company. GlobalData’s thematic deals dashboard shows that the total value of global insurtech deals has fallen by 80% so far in 2020, […]
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Exelon maintains 2020 earning guidance and will offset impact of uncertain market conditions amid COVID-19, says GlobalData

Despite the reduction in demand due to the pandemic, Exelon has managed to maintain its 2020 earning guidance because the adjusted (non-GAAP) operating earnings remained consistent at $0.87 per share in Q1 2020. However, it is expected that Exelon’s utilities and Generation companies will undergo a reduction in operating revenues due to lower electric load […]
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Complete privatization might reduce the additional financial burden on Indian DISCOMS post-COVID-19, says GlobalData

COVID-19 had impacted the revenues of the electricity distribution companies (DISCOMs) in India. Apart from the $265bn economic recovery stimulus package, the Indian Government announced $12.5bn bailout package to state distributions utilities to pay-off their dues to generators. It will be difficult for the government to support the loss making distribution utilities in the future […]
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Growth in the Philippines construction industry to slow down to 1.2% due to COVID-19 containment measures, says GlobalData

Prior to the COVID-19 outbreak, the Philippines construction industry was growing at a robust pace due to the ongoing infrastructure investment and the launch of the Philippine Construction Industry Roadmap 2020–2030. However, with the government announcing strict measures to slow the spread of the virus, construction output growth forecast for 2020 is expected to slow […]
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Restaurant closures and volatile consumer behavior dent Yum China’s sentiments, says GlobalData

Shanghai-based fast-food restaurant company Yum China’s sentiments declined due to closures and low foot traffic, yet digital sales, deliveries and takeaways remain healthy prospects, says GlobalData, a leading data and analytics company. According to GlobalData’s Filing Analytics Platform, Yum China’s earnings transcript sentiment score fell by 7% in the first quarter (Q1) of 2020 ended […]
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Brazil’s credit card balance growth expected to soar in 2021, with forecasts adjusted from 5.8% to 13.5% following COVID-19, says GlobalData

Brazilian banks are dependent on whether the government can preserve businesses, as the country’s already weak economy has been hit hard by COVID-19, says GlobalData, a leading data and analytics company. The government has made guarantees to SMEs, but earnings challenges will still intensify for banks due to weaker business volumes and rising loan impairment […]
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Lodging providers begin to unveil new hygiene initiatives to meet change in traveler demands

Following the recent announcements from Airbnb and Hilton that new hygiene initiatives will be implemented; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Hilton’s plans to partner with sanitation specialists such as the company behind Lysol and the Mayo Clinic will help to […]
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With Mylab Covid-19 test kits approval India looks to expand testing criteria, says GlobalData

Following the news that molecular diagnostic company Mylab has received approval for its Covid-19 diagnostic test kits from the Drug Controller General of India (DCGI); Rohit Anand, Medical Devices Analyst at GlobalData, a leading data and analytics company, offers his view: “India so far has followed a restrictive testing protocol for suspected Covid-19 cases and […]
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Driven by infrastructure spending, construction industry in Philippines to reach US$70bn in 2024, says GlobalData

Driven by the government’s efforts to boost spending on the country’s infrastructure, the value of the construction industry in the Philippines, measured at constant 2017 US dollar exchange rates, is expected to grow at an annual average of 7.9% from US$47.8bn in 2019 to US$70bn in 2024, says GlobalData, a leading data and analytics company. […]
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China to lead Asian refinery crude distillation unit capacity additions through 2024, says GlobalData

China is expected to lead Asian refinery crude distillation units (CDUs) capacity additions by 2024, accounting for about 46% of the total capacity additions from planned and announced (new-build) projects, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Refinery Crude Distillation Units (CDU) Outlook to 2024 – Capacity and Capital Expenditure […]
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Efficiency and convenience are two most prominent factors driving APAC consumers to purchase products, says GlobalData

The Asia-Pacific (APAC) consumers have shifted their preference towards hyper-convenient, technologically advanced and environmental-friendly products across the fast-moving consumer goods (FMCG) range. This shift has upsurged to such an extent in the last few years that more than 63% of the consumers from the region are seeking for products that save their time and effort, […]
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