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UK local authorities keen on gigabit broadband but not Internet of Things, according to GlobalData

Only 176 smart cities ICT awards have been made by UK local authorities in the past six years, with only 94 of 404 councils having made any such awards during that time
Network communications procurements account for 62% of all smart cities ICT contract awards in this period. 82% of the value of such awards (£474m) relates specifically to gigabit-speed broadband
Adoption of keystone smart cities technologies, such as environmental monitoring and waste management, remains low, accounting for only eight awards, worth an estimated total of £2m.

A total of 363 smart cities information and communications technology (ICT)-related procurements were made by UK local authorities …

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Job postings in the UAE have increased by 148% since July 2020 largely driven by Dubai Expo, finds GlobalData

The United Arab Emirates (UAE) has ramped up hiring activity across a number of different industry areas. The majority of this activity has occurred in the travel and tourism sector, largely coming from hotel chains and airline operators. Job postings have been increasing since January 2021, but has really picked up in July, finds GlobalData. According to the leading data and analytics company’s Job Analytics Database, job advertisements in the UAE have increased by 148% between July 2020 and July 2021.

Ajay Thalluri, Business Fundamentals Analyst at GlobalData, says: “The World Expo, which will take place in Dubai in October 2021, will likely fetch …

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ESG disruption will shake up oil and gas market and is an opportunity for companies, says GlobalData

Hydrocarbon demand is set to fall in the coming decades due to the measures the Paris Agreement signee governments will take to discourage emissions and ensure the success of net-zero goals. This agreement will render conventional oil and gas activity less and less viable. In order to reduce emissions and minimize loses, oil and gas companies should adopt measures such as carbon pricing by altering processes across the value chain, says GlobalData, a leading data and analytics company.
GlobalData’s report, ‘ESG (Environmental, Social, and Governance) in Oil and Gas – Thematic Research’, reveals that technological innovation and increased consumer mindfulness …

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Hungary unlikely to meet its Zrínyi 2026 spending target due to economic impact of COVID-19, says GlobalData

Hungary’s defense budget saw an increase over the 2017-2021 period due to the announcement of its modernization program, Zrínyi 2026. The government will develop its defense fleet through several important procurements and increase its defense expenditure to reach 2% of its overall GDP by 2024. However, Hungary is unlikely to meet its Zrínyi 2026 spending target due to the economic impact of COVID-19, says GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Hungary Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2026’, Hungary’s defense budget saw a -4.3% year-on-year (Y-o-Y) change from 2020, decreasing from US$2.8bn in 2020 to US$2.7 …

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Automakers collaborate to lead all-inclusive electrification in Japan, says GlobalData

With Japan eyeing to achieve carbon-neutrality by 2050, key automakers in the country now have the impetus to begin their transition towards electric vehicles (EVs). Given the governmental targets and increasing intrusion of technology giants in EV manufacturing and supply, Japanese OEMs have been quite active recently in partnering/collaborating with various stakeholders for developing EVs, connected and related technologies across all vehicle segments including minicars, passenger vehicles and commercial vehicles, says GlobalData, a leading data and analytics company.
Japanese OEMs have lagged the competitors in other regions in terms of transition towards EVs. Though some invested in research and development …

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Venture capital investors continue to bet big on low value deals in Asia-Pacific during Q2 2021, finds GlobalData

Low value deals (≤ US$10m) accounted for most of the venture capital (VC) investment volume in the Asia-Pacific (APAC) region while billion-dollar deals remained mostly non-existent during the second quarter (Q2) of 2021, according to GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Financial Deals Database reveals that the region saw the announcement of 1,252 deals (with disclosed deal value) during the quarter with low value deals dominating the VC investment landscape with 56.2% share of the overall investment volume. Deals valued more than US$100m and US$1bn accounted for just 5.4% and 0.1%, respectively. The quarter witnessed the announcement …

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No clear future roadmap by Ford for India, says GlobalData

Even after close to three decades of presence, Ford struggles to make it big in India. The American automaker has been in news recently over various speculations such as winding up operations in the country, selling its manufacturing to new automaker Ola, contract manufacturing for Citroen, or looking for a new business partner to bring in new investments. This clearly suggests that there is still a lot of uncertainty over the company’s future in India, according to GlobalData, a data and analytics company.
Bakar Sadik Agwan, Senior Automotive Analyst at GlobalData, comments: “After ending its proposed joint venture with …

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Latham & Watkins and Vinson & Elkins were top M&A legal advisers by value and volume in oil & gas sector for H1 2021, finds GlobalData

Latham & Watkins and Vinson & Elkins were the top mergers and acquisitions (M&A) legal advisers in the oil & gas sector for H1 2021 by value and volume, respectively. Latham & Watkins advised on 15 deals worth US$32.2bn, which was the highest value among all the advisers. Meanwhile, Vinson & Elkins led in volume terms having advised on 22 deals worth US$24.5bn. A total of 802 M&A deals were announced in the sector during H1 2021, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Oil & Gas M&A Report Legal Adviser League Tables H1 2021’, deal value for …

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Promotion of adventure experiences key for US and Canada border reopening, says GlobalData

The Canadian Government has recently announced that its borders will reopen to US tourists from 9 August 2021. Canada’s borders have been closed since March 2020; therefore, this move marks a pivotal point in tourism recovery for the destination and one way for Canada to regain lost US expenditure in 2020 is by promoting adventure experiences, says GlobalData, a leading data and analytics company.
The US is the primary source market for Canada. Pre-pandemic, Canada received 15.1 million US tourists in 2019, which accounted for 68% of its total international arrivals. Last year saw arrivals from the US decline by 86.1% year-on-year (YoY), demonstrating the importance of …

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Simpson Thacher & Bartlett and Latham & Watkins were top M&A legal advisers by value and volume in retail sector for H1 2021, finds GlobalData

Simpson Thacher & Bartlett and Latham & Watkins were the top mergers and acquisitions (M&A) legal advisers in the retail sector for H1 2021 by value and volume, respectively. Simpson Thacher & Bartlett advised on seven deals worth US$13.5bn, which was the highest value among all the advisers. Meanwhile, Latham & Watkins led in volume terms having advised on ten deals worth US$9.4bn. A total of 972 M&A deals were announced in the sector during H1 2021, according to GlobalData, a leading data and analytics company.
According to GlobalData’s report, ‘Global and Retail M&A Report Legal Adviser League Tables H1 2021’, deal …

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