For shopaholics and fans of Zalora, here’s a piece of news that will probably further strain your pockets. Zalora today officially launched its iOS app, and now you can shop for clothes or shoes even while on-the-go.
There are currently over 500 brands and 15,000 products listed on the new fashion e-store app. Users can receive push notifications on the new items and flash sales that Zalora has, and choose from multiple payment methods such as credit cards, PayPal, and cash-on-delivery. The user interface looks pretty and is optimized for the iPhone 5 too.
Unfortunately, the app is not available on Android yet, despite the growing number of Android users within the region. The reason for the initial push on the iOS platform, according to Zalora, is that most of its mobile shoppers are on the iOS platform. For countries with the highest mobile traffic, Zalora has twice as many shoppers on iOS than on Android.
But of course, Zalora is currently proposing to its Germany office to develop an Android app. Other platforms, such as BlackBerry or Windows, are not even in the pipeline yet.
To celebrate the launch, shoppers on the new Zalora app are entitled to a 20 percent discount using its in-app voucher code. According to Zalora, the app is currently the top lifestyle app in five countries, namely Singapore, Malaysia, Hong Kong, Indonesia, and Vietnam.
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.
How will oil prices shape the Covid-19 recovery in emerging markets?
– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability
A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.
Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.
The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.
Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.
In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.
While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.
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