FIS and Worldpay agree on a $43bn merger

FIS and Worldpay agree on a $43bn merger

THE PROCESSING of payments was once regarded as a boring piece of financial plumbing. So dull, in fact, that even banks shunned it. Fidelity National Information Services, aka FIS, which provides computing systems for thousands of financial institutions, finds pipework positively alluring. On March 18th the Florida-based financial-technology group agreed to take over Worldpay, a…

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Is right-wing terrorism on the rise in the West?

Is right-wing terrorism on the rise in the West?

ON MARCH 15th a gunman opened fire inside two mosques in Christchurch, New Zealand, killing at least 50 people and injuring 50 more. In a 74-page manifesto entitled “The Great Replacement”, the 28-year-old Australian perpetrator said he was furious that “European lands” were being taken over by non-white immigrants. The attack comes less than six…

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Bill Gross, the king of the bond market, abdicates

Bill Gross, the king of the bond market, abdicates

print-edition icon Print edition | Finance and economics Feb 7th 2019 | NEW YORK OUTSIZE RETURNS are hard to come by in the bond market: the approach pioneered by Jack Bogle at Vanguard of matching a benchmark while minimising transaction fees is tough to beat. There was one person, however, that even Vanguard’s fixed-income team…

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The end of the affair

The end of the affair

IT HAS BEEN a week of romantic second-chances in the business world. On March 11th Barrick Gold, the world’s most valuable gold producer, said it would no longer pursue its $17.8bn hostile quest for Newmont Mining, its nearest rival. Instead both parties agreed to form a joint venture (JV) to create the world’s largest gold-mining…

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The Irish conquest of America

The Irish conquest of America

WHEN JOHN HEARNE, Ireland’s ambassador to Washington, sent Harry Truman a box of shamrocks on St Patrick’s Day in 1952, he could not have imagined he was launching the greatest exercise in soft power. Yet it is hard to think of a rival to the annual shamrock ceremony and its attendant rituals. On March 14th,…

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What disasters reveal about mental-health care

What disasters reveal about mental-health care

AT JABAL AMMAN mental-health clinic, perched atop a hill in the old town of Jordan’s capital, Walaa Etawi, the manager, and her colleagues list the countries from where they see refugees—and what ails them. There are Iraqis (many with post-traumatic stress, says a nurse), Syrians (a lot of depression), Sudanese (anxiety), and at least ten…

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