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Italy
Italy

Historic Papal Resignation - 47 Front Pages From Around The World

ItalySourcesWORLDCRUNCHThe Next PopeCountries

Worldcrunch

PARIS - After yesterday's announcement that Pope Benedict XVI would resign from the papacy on Feb. 28, the world's newspapers reacted today:

ITALY

[rebelmouse-image 27086269 alt="""" original_size="180x258" expand=1]

UNITED KINGDOM

[rebelmouse-image 27086270 alt="""" original_size="174x262" expand=1]

[rebelmouse-image 27143654 alt="""" original_size="174x274" expand=1]

AUSTRALIA

[rebelmouse-image 27086271 alt="""" original_size="175x252" expand=1]

ARGENTINA

BELGIUM

[rebelmouse-image 27086272 alt="""" original_size="177x250" expand=1]

[rebelmouse-image 27086273 alt="""" original_size="176x275" expand=1]

CANADA

[rebelmouse-image 27086274 alt="""" original_size="176x212" expand=1]

[rebelmouse-image 27086275 alt="""" original_size="177x212" expand=1]

BRAZIL

[rebelmouse-image 27086276 alt="""" original_size="178x303" expand=1]

CHILE

[rebelmouse-image 27086277 alt="""" original_size="175x254" expand=1]

COLOMBIA

FRANCE

[rebelmouse-image 27086278 alt="""" original_size="176x261" expand=1]

[rebelmouse-image 27086279 alt="""" original_size="177x236" expand=1]

GERMANY

[rebelmouse-image 27086280 alt="""" original_size="177x232" expand=1]

INDIA

[rebelmouse-image 27086281 alt="""" original_size="179x278" expand=1]

USA

[rebelmouse-image 27086282 alt="""" original_size="173x187" expand=1]

[rebelmouse-image 27086283 alt="""" original_size="178x365" expand=1]

[rebelmouse-image 27086284 alt="""" original_size="174x194" expand=1]

[rebelmouse-image 27086285 alt="""" original_size="177x368" expand=1]

[rebelmouse-image 27086286 alt="""" original_size="179x378" expand=1]

[rebelmouse-image 27086287 alt="""" original_size="173x225" expand=1]

SPAIN

[rebelmouse-image 27086288 alt="""" original_size="179x250" expand=1]

[rebelmouse-image 27086289 alt="""" original_size="174x226" expand=1]

POLAND

SWITZERLAND

[rebelmouse-image 27086290 alt="""" original_size="176x239" expand=1]

HONDURAS

MEXICO

PARAGUAY

SOUTH AFRICA

[rebelmouse-image 27086291 alt="""" original_size="180x262" expand=1]

SWEDEN

[rebelmouse-image 27086292 alt="""" original_size="176x249" expand=1]

PORTUGAL

[rebelmouse-image 27086293 alt="""" original_size="177x205" expand=1]

THE PHILIPPINES

[rebelmouse-image 27086294 alt="""" original_size="173x297" expand=1]

[rebelmouse-image 27086295 alt="""" original_size="173x304" expand=1]

IRELAND

[rebelmouse-image 27086296 alt="""" original_size="179x249" expand=1]

AUSTRIA

[rebelmouse-image 27086297 alt="""" original_size="179x224" expand=1]


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Future
Social Media

Livestream Shopping Is Huge In China — Will It Fly Elsewhere?

Streaming video channels of people shopping has been booming in China, and is beginning to win over customers abroad as a cheap and cheerful way of selling products to millions of consumers glued to the screen.

A A female volunteer promotes spring tea products via on-line live streaming on a pretty mountain surrounded by tea plants.

In Beijing, selling spring tea products via on-line live streaming.

Xinhua / ZUMA
FuturePeruChinaEconomySourcesfeatured-postAMERICA ECONOMIACountriesUnited States
Gwendolyn Ledger

SANTIAGO — TikTok, owned by Chinese tech firm ByteDance, has spent more than $500 million to break into online retailing. The app, best known for its short, comical videos, launched TikTok Shop in August, aiming to sell Chinese products in the U.S. and compete with other Chinese firms like Shein and Temu.

Tik Tok Shop will have three sections, including a live or livestream shopping channel, allowing users to buy while watching influencers promote a product.

This choice was strategic: in the past year, live shopping has become a significant trend in online retailing both in the U.S. and Latin America. While still an evolving technology, in principle, it promises good returns and lower costs.

Chilean Carlos O'Rian Herrera, co-founder of Fira Onlive, an online sales consultancy, told América Economía that live shopping has a much higher catchment rate than standard website retailing. If traditional e-commerce has a rate of one or two purchases per 100 visits to your site, live shopping can hike the ratio to 19%.

Live shopping has thrived in China and the recent purchases of shopping platforms in some Latin American countries suggests firms are taking an interest. In the United States, live shopping generated some $20 billion in sales revenues in 2022, according to consultants McKinsey. This constituted 2% of all online sales, but the firm believes the ratio may become 20% by 2026.

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