Connect with us

Uncategorized

Pakistani e-commerce platform Daraz aims to bolster the Amazon eyes market

Published

on

Pakistani e-commerce platform Daraz aims to bolster the Amazon eyes market

Bjarke Mikkelsen, CEO of e-commerce retail platform Daraz, speaks with Reuters during an interview in Islamabad, Pakistan, Nov. 24, 2021. REUTERS/Asif Shahzad

Register now for FREE unlimited access to reuters.com

ISLAMABAD, Nov. 25 (Reuters) – Pakistan’s largest e-commerce retail platform, Daraz, aims to accommodate 300,000 small to medium-sized enterprises (SMEs) in two years, its CEO said, as the company strengthens its position in its home market in the face of potential competition from global giant Amazon.

The country’s 220 million e-commerce growth has yet to fully take off, such as in neighboring India, where the market is made up of retail heavyweights such as Amazon (AMZN.O) and Walmart (WMT.N) and major local platforms run by Indian Reliance. (RELI.NS) and Tata groups.

Founded in 2012 in Pakistan and acquired by Chinese giant Alibaba (9988.HK) in 2018, Daraz has 100,000 SMEs in Pakistan on its platform.

Register now for FREE unlimited access to reuters.com

“We want to reach 300,000 active and well-educated SMBs selling on our platform within the next two years, and that will actually create a million jobs,” CEO Bjarke Mikkelsen told Reuters in an interview on Wednesday.

Pakistan’s burgeoning middle class, over 60% youth and over 100 million broadband subscriptions,

makes it a lucrative destination for ecommerce platforms.

Amazon announced earlier this year that it will allow Pakistani entrepreneurs to sell products on its marketplace.

Before the interview, Mikkelsen met with Prime Minister Imran Khan and his finance and investment teams to discuss coordination on free zones where tech companies would receive special incentives to flourish, and an e-commerce university Khan said Pakistan will open.

Daraz operates in four other South Asian countries – Sri Lanka, Bangladesh, Nepal and Mayanmar – with access to 500 million customers with a team of 10,000 employees. It has invested $100 million in Pakistan and Bangladesh over the past two years, Mikkelsen said.

It targets sales of nearly $1 billion through its platform this year, after growing 100% year-over-year over the past four years, he said.

Pakistan’s e-commerce sector grew by more than 35% in value to Pakistan’s 96 billion rupees ($548.89 million) in the first quarter of 2021 compared to 71 billion ($405.95 million) in the same period last year. according to data from the Ministry of Commerce.

Of the 70 million users who visited the Daraz website last month, 35 million were from Pakistan. Mikkelsen said Pakistan saw that more people were now ready to use digital services.

He added that in the South Asian countries where Daraz operates, e-commerce accounts for only 2% of the retail market, which can be scaled 10 to 20 times.

($1 = 174,9000 Pakistani rupees)

Register now for FREE unlimited access to reuters.com

Writing by Asif Shahzad; Editing by Emelia Sithole-Matarise

Our standards: The Thomson Reuters Trust Principles.

.

Uncategorized

Michael Owen predicts the result for Manchester United vs Young Boys

Published

on

By

Michael Owen backs Manchester United to win their final Champions League group game of the season

Michael Owen has backed Manchester United to a 2-1 win over Switzerland’s Young Boys on Wednesday in their final group stage match in the Champions League.

Manchester United secured qualification for the Round of 16 leg of the Champions League after their 2-0 win over Villarreal two weeks ago. The Red Devils have had a difficult time in the Premier League in recent months but have managed to maintain consistency in the Champions League.

They have won three and drawn one of their last four matches in all competitions. However, Manchester United suffered a shocking 2-1 defeat to Young Boys in their first Champions League group stage match of the season.

However, former player-turned-expert Michael Owen believes United are too strong for their Swiss opponents and will take a 2-1 win.

“It wasn’t emphatic, but Ralf Rangnick will have been delighted to start his tenure on Sunday with a win,” Owen said. told Deploy Victor. “United lost to Young Boys, so will take this one seriously. I don’t see them going backwards here again, 2-1 United.”

Manchester United took a 1-0 win over Crystal Palace on Sunday in the first game of Ralf Rangnick in charge of the club. They dominated possession, won the ball high in the field and managed to create a number of scoring opportunities.

The appearance of the Red Devils has certainly boosted the morale of the fans of the club.

Ralf Rangnick could offer opportunities to some of Manchester United’s fringe players against Young Boys

Villarreal CF v Manchester United: Group F - UEFA Champions League
Villarreal CF v Manchester United: Group F – UEFA Champions League

Ralf Rangnick has revealed Serbian midfielder Nemanja Matic would be the captain of Manchester United for their clash with Young Boys. The English defender Harry Maguire is resting before the last group match of the Red Devils in the Champions League.

The German also said that Donny van de Beek and Dean Henderson will start against Young Boys. Van de Beek, led by Ole Gunnar Solskjaer, was short of regular playing time and will be given the chance to prove himself on Wednesday.

Both will be eager to impress their new boss #MUFC #UCL

Dean Henderson has played just once for Manchester United in all competitions this season. The 24-year-old has failed to overtake David de Gea as Manchester United’s first-choice goalkeeper this season.


Edited by Sudeshna Banerjee


.

Continue Reading

Uncategorized

The best Christmas movies on Amazon Prime Video in 2021

Published

on

By

The best Christmas movies on Amazon Prime Video in 2021
Amazon Prime Video logo on a TV wearing a Santa hat behind a wine glass
Sergio Photone/Shutterstock.com

Amazon Prime Video has a movie library filled with everything from classics to low-budget obscurities, and the same goes for the service’s holiday offerings. Here are the 10 best Christmas movies to stream on Amazon Prime Video.

RELATED: The best Christmas movies on HBO Max in 2021

everything is clear

Paul Giamatti and Paul Rudd team up as a pair of petty criminals trying to get legit by running a Christmas tree lot in the bittersweet comedy everything is clear. Giamatti’s grumpy Dennis has just got out of prison and hopes to reconnect with his wife and young daughter, only to discover that his former partner in crime Rene (Rudd) has taken his place.

Dennis insists on traveling with Rene from Quebec to New York City to sell Christmas trees, a seemingly doomed venture full of comic setbacks. The former friends form a tentative bond as they do their best to avoid returning to a life of crime.

Pay more attention

Some kind of twisted, dark take on Christmas favourite Home alone, Chris Peckover’s Pay more attention starts out as what looks like a home invasion thriller before taking several surprising twists and turns. One Christmas Eve, teenage Ashley (Olivia DeJonge) is babysitting eager 12-year-old Luke (Levi Miller) when Luke’s house appears to be the target of burglars. What actually happens is outrageous and sadistic, but also a joy to watch, as the film and its characters exaggerate audience expectations. It’s a holiday horror movie with a mad heart made of coal.

RELATED: 10 Christmas Horror Movies To Watch For A Spooky Holiday

The Bishop’s Wife

A charming, if somewhat smug angel (played by Cary Grant) tries to help a haunted bishop (played by David Niven) sort his priorities in the playful romantic comedy The Bishop’s Wife. The film’s unlikely romance develops between the angel and the title character (played by Loretta Young), though it is primarily a means for the Bishop himself to realize what is important in life. The bishop wants money for a new cathedral, but he really needs to focus on helping the less fortunate during Christmas – and, of course, on appreciating his dutiful but neglected wife.

It’s a great life

Thanks to its presence in the public domain, allowing it to be broadcast and distributed freely, Frank Capra’s It’s a great life has gone from initial failure to lasting success as a holiday classic. James Stewart stars as the despondent banker George Bailey, whose guardian angel shows him an alternate world without him in it, while George contemplates ending his own life on Christmas Eve.

The seemingly morbid premise offers an uplifting message while remaining grounded and honest, while the angel Clarence proves to George that he is loved and valued by his friends and family.

RELATED: The 10 Best Classic Christmas Movies to Stream Right Now

Jack Frost

A serial killer dies in a freak accident and comes back to life as a snowman in the ridiculous horror comedy Jack Frost. The title character terrorizes the town of Snowmonton over the Christmas period, killing residents in increasingly absurd ways, while the local sheriff tries to stop him. Filmmaker Michael Cooney is well aware of how stupid his film is, and he fills it with silly one-liners and intentionally awful special effects. Jack himself is a mostly inert doll who is never scary, but like the movie he’s in, he has an undeniable scrappy charm.

petite women

The 1994 adaptation of the classic novel by Louisa May Alcott petite women is arguably the coziest, with a wintery vibe and several pivotal scenes set during the Christmas season. March’s four sisters experience tragedy and solidarity as they grow up in Civil War-era Massachusetts, always returning to family togetherness.

Winona Ryder leads the cast as the smart, quirky Jo, a budding writer who longs for a future outside the comfortable March home. When the sisters’ father comes home from the war just in time to celebrate Christmas, it’s impossible not to cry with holiday cheer.

RELATED: 7 recipes to combine with classic Christmas movies

lost vacation

Brother and sister filmmakers Michael Kerry Matthews and Thomas Matthews bring a lo-fi indie aesthetic to their Christmas drama lost vacation. Kate Lyn Sheil stars as a college graduate who spends winter break in her Maryland hometown, pining for her ex-boyfriend and possibly solving a kidnapping. It’s a gritty story about an aimless millennial hipster who tries to make sense of her life, while her fears are heightened by the holidays. The rickety Christmas decorations in the characters’ homes and hangouts reflect the chaos and clutter of their lives.

Santa Claus conquers the Martians

Often regarded as one of the worst movies ever made, the bizarre Santa Claus conquers the Martians is also one of the most entertaining to watch. The low-budget quirk is that Martians capture Santa so they can bring Christmas to jealous Martians. The plot makes no sense, and the flimsy sets and costumes look like they could have been borrowed from a community theater production, but the film is so fascinatingly weird it’s hard to look away.

Prime Video has the version of Elvira’s movie Macabre, with interstitial segments from the famed horror host adding some playful commentary.

RELATED: Ten Great Holiday Action Movies (That Aren’t ‘Die Hard’)

Santa Jaws

The makers of Santa Jaws are fully aware of how idiotic the idea of ​​a Christmas themed shark attack movie is. Instead of coming up with a complicated and unbelievable reason why sharks attack a small town this Christmas, the filmmakers go for complete fantasy when teenage protagonist Cody (Reid Miller) acquires a magical pen that brings his comic book creations to life.

Unfortunately, his greatest creation is Santa Jaws, a deadly shark in a Santa hat, who materializes and rips through Jake’s friends and family. The micro-budget production is full of crazy jokes and outlandish holiday-themed murders, never taking themselves or the premise seriously.

miser

Charles Dickens’ A Christmas song has been adapted many times since essentially the dawn of cinema, and the 1935s miser is the first sound film based on the beloved holiday classic. Star Seymour Hicks had already played the miserly Ebenezer Scrooge in stage productions and in a 1913 silent film, and he brings in the part just as much nausea and despair. The costumes and set design evoke the grimness of 19th-century London, and the simple yet effective visual techniques convey the eerie otherworldliness of the three ghosts who visit Scrooge on Christmas Eve.

Continue Reading

Uncategorized

Cold Weather Payment Replacement Plans Would Double Payment Rate in Scotland | Personal Finance | Finance

Published

on

By

Cold Weather Payment Replacement Plans Would Double Payment Rate in Scotland |  Personal Finance |  Finance

The Scottish Government has announced the launch of its consultation on Low Income Winter Heating Assistance. Like the Cold Weather Payment, this decentralized government benefit scheme aims to help low-income people who need financial support to pay their energy and heating bills this winter. Under Low Income Winter Heating Assistance, households receiving means-tested benefits would automatically receive £50 per winter.

The public and relevant stakeholders in the new payment, estimated to cost £20 million, can now share their thoughts with the Holyrood government.

As part of the consultation, experts warned MSPs that an estimated 100,000 families will find themselves in fuel poverty in the near future as a result of rising energy bills.

However, the government believes the new payment will help around 400,000 households to implement it.

NOT MISSING

Ben Macpherson MSP, the Scottish Minister for Social Security and Local Government, explained why replacement of the Cold Weather Payment is necessary.

Mr Macpherson said: “Our proposed new benefit, Low Income Winter Heating Assistance, gives the 400,000 low-income households currently eligible for Cold Weather Payments the security of paying £50 a year.

“This will be an investment of around £20 million a year to support people in the cost of heating their homes in winter, regardless of the weather or temperature.

“While Cold Weather Payments have been a valuable support for some during periods of very cold weather, there have been some years when payments have been negligible.

“The current requirement for temperatures to be recorded or predicted below zero degrees Celsius for seven days in a row to trigger a £25 payment does not provide people with any security.

“In addition, we know that the location of the 27 weather stations in Scotland that need to reach this temperature has raised questions about the equality and fairness of payments in cold weather.

“In some years, only one or no payments have been initiated. If winters get wetter and warmer, as predicted, this could also reduce the number of Cold Weather payments in the future.

“We want people to have certainty about receiving payment regardless of the winter temperature or where they live in Scotland.”

According to Age UK, around 150,000 elderly households are likely to find themselves in fuel poverty this winter.

The charity reports that this number could rise to 1.1 million by spring 2022 if no further action is taken by the UK government.

In particular, Age UK is looking for the UK government to provide more support through the Cold Weather Payment, as well as other benefits such as the Warm Home discount.

One of their recommended proposals is a one-off payment of £50 to anyone eligible for Cold Weather Payments, the same rate proposed for the Low Income Winter Heating Assistance.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.