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Spin Twin 2, Norwich (2026)

Name: Spin Twin 2
Address: Norwich, GB
Telephone: +4445645645

18/11/2021

Shares in Indian digital payments platform Paytm have plunged by more than 20% on their Mumbai stock market debut.

The company raised $2.5bn in the country's biggest ever initial public offering (IPO).

Some investors have voiced concerns about the loss-making Paytm's business model.

The firm counts Chinese payments giant Ant and Japanese technology group SoftBank amongst its biggest backers.

Paytm's first-day slump comes as Asia's third-largest economy has been in a grip of an IPO frenzy as shares sit near record highs. India's benchmark BSE Sensex index has risen by almost 25% since the start of this year.

India's start-ups have attracted billions of dollars in funding this year as investors look for opportunities in the Covid-battered economy.

17/11/2021

Amazon will stop accepting Visa credit cards in the UK from 19 January, the online retail giant has told customers.

It said the move was due to high credit card transaction fees but said Visa debit cards would still be accepted.

Visa said it was "very disappointed that Amazon is threatening to restrict consumer choice in the future".

Amazon said: "The cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers."

The online retailer said costs should be going down over time due to advances in technology, "but instead they continue to stay high or even rise".

An Amazon spokesperson said the dispute was to do with "pretty egregious" price rises from Visa over a number of years with no additional value to its service.

Visa said in a statement it was "very disappointed that Amazon is threatening to restrict consumer choice in the future. When consumer choice is limited, nobody wins."

15/11/2021

Portugal has banned bosses from text messaging and emailing staff out of working hours as part of new laws dubbed "right to rest".

The move is part of changes being introduced to improve work-life balance in response to an expansion of working from home in the country.

Companies with more than 10 staff could face fines if they contact employees outside their contracted hours.

There are also new rules on allowing staff with children to work remotely.

Parents will be allowed to work at home indefinitely without seeking prior approval from their employers until their child turns eight.

And companies may also have to contribute to higher household bills from being home-based, such as energy and internet costs.

Measures to tackle the isolation remote workers can feel are also included, with companies expected to organise regular face-to-face meetings.

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