BMW warns profits will fall due to costs, trade uncertainty

German automaker BMW said Wednesday that profits in 2019 would be "well below" last year's and that it planned to cut 12 billion euros ($13.6 billion) in costs by the end of 2022 to offset spending on new technology.

US fintech giant FIS acquires payment firm Worldpay

US financial technology giant FIS will acquire British payment processing company Worldpay for an estimated $43 billion (38 billion euros), the two firms said Monday, creating an international payments powerhouse.

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