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Finastra's solutions cover 90% of banks’ needs
11:19 AM Interview: We look to repeat Finastra Egypt Digital Trade Forum – Serge Tohme
Mubasher: Finastra was founded in 2017 from the merger of two fintech giants, D+H, a leading financial technology provider and Misys, which provides software solutions focused on retail and corporate banking services. Serge Tohme, Managing …
4 hours ago Hong Kong’s card payments may top 1bn in 2020 -GlobalData
Mubasher: Total number of card payments in Hong Kong is likely to increase to 1 billion in 2020 from 642.0 million in 2015, GlobalData said.
19 January 06:16 PM Swiss Nestlé to invest CHF 2bn in recycled plastics   
Mubasher: Swiss-based Nestlé will invest up to CHF 2 billion ($2.067 billion) to shift from virgin plastics to food-grade recycled plastics.
19 January 05:56 PM Huawei ranks 5th biggest investor in R&D globally
Mubasher: Huawei came in the fifth position for being one of the world’s biggest investors in research and development (R&D) in 2019.
19 January 02:25 PM Oracle eases moving to cloud solutions
Oracle is updating its enterprise management platform to make it easier for customers to move Oracle databases to the cloud
18 January 07:12 PM Toshiba’s CEO to add title of president in April 2020
​​​​​​​Mubasher: CEO of Japanese multinational conglomerate Toshiba Corporation is set to add the title of president in April 2020, Bloomberg reported on Saturday.
17 January 08:39 PM Commercial, military satellites market to record $195.11bn in 8 years
Mubasher: The global commercial and military satellite market is expected to record a CAGR of 76.6% to $195.11 billion in 2020- 2028.
17 January 04:44 PM Volkswagen to acquire $560m stake in Chinese EV battery maker
Mubasher: Volkswagen is nearing the closure of a deal to acquire a 20% stake in China’s electric vehicle battery maker Guoxuan High-tech Company.
16 January 09:18 PM Tesla considers building design & research centre in China
​​​​​​​Mubasher: Tesla is reportedly planning to open a design and research centre in China to make ‘Chinese-style’ vehicles, according to Reuters.
16 January 05:54 PM Package holiday market seen at $632bn by 2023 despite challenges
Mubasher: The global package holiday market has been experiencing several uncertainties since the collapse of the UK’s travel operator, Thomas Cook.
16 January 05:50 PM Isuzu partners with Honda for hydrogen fuel-cell technology
Mubasher: Isuzu and Honda have penned an agreement to conduct a joint research and development (R&D) on hydrogen fuel-cell powered heavy-duty trucks, according to GlobalData.
16 January 04:31 PM US’ Southwest Airlines extends cancellation of Boeing 737 MAX flights
Mubasher: US-headquartered Southwest Airlines has announced that it will extend cancellations of Boeing 737 MAX flights until 6 June 2020, Reuters reported on Thursday.
15 January 10:45 PM US, China seal deal to ease trade tensions
Mubasher: President Donald Trump on Wednesday signed a trade agreement with China which puts an end to the trade war between the two major economies.
15 January 07:31 PM General Motors to move 1,350 temporary workers to full-time jobs
Mubasher: General Motors announced plans to move over 1,350 hourly employees in the US to 1,350 hourly employees at its assembly plants in Q1-20.
15 January 02:34 PM Prologic First rolls out 1st comprehensive hospitality cloud solution  
Mubasher: The leading technology solutions provider for the hospitality industry Prologic First has launched the first comprehensive hospitality cloud solution for hotel management.
15 January 01:45 PM Volvo Cars, China Unicom join forces on 5G technology
Volvo Cars and telecom provider China Unicom have partnered on using fifth-generation (5G) mobile network technology for communication between cars and infrastructure.
14 January 09:55 PM OPEC+ may postpone March meeting to June
Mubasher: OPEC and its allies are expected to postpone an upcoming policy meeting from March to June, Reuters reported on Tuesday.
14 January 06:26 PM Fintech backs ‘digital challengers’ into mainstream in 2020 –Banking experts
Mubasher: Digital banking is forecast to continue expanding in 2020, while ‘digital challengers’ are expected to reach additional spots
14 January 06:01 PM JPMorgan achieves record annual results in 2019
Mubasher: American multinational investment bank JPMorgan has posted record annual results in 2019, Reuters reported on Tuesday.
14 January 05:52 PM Volvo Cars’ 2019 sales hit highest levels in history
Mubasher: Volvo Cars broke the 700,000 sold cars level for the first time in its history, with a total of 705,452 sold cars.
14 January 05:23 PM Finland, Sweden may top cashless countries by 2022 - GlobalData
Mubasher: GlobalData, announced its expectations for the top countries that will most likely move towards a truly cashless society by 2022.
14 January 02:24 PM BMW renews partnership with Getac on mobile devices
Mubasher: The BMW Group has selected Getac to benefit from its mobile devices and solutions for various applications.
14 January 01:18 PM US venture capital investment sees $136.5bn in 2019
Mubasher: US venture capital investment totalled $136.5 billion at the end of 2019 in 10,777 deals.
14 January 12:32 PM Visa to acquire fintech firm ‘Plaid’ for $5.3bn
Visa Inc. has signed an agreement to acquire Plaid, a fintech startup, in a $5.3 billion deal.
14 January 11:40 AM Lamborghini achieves record sales in 2019
Automobili Lamborghini has achieved strong global growth during 2019, with an increase of 43% in sales with 8,205 cars delivered to customers around the world.