The Trump administration imposed high tariffs on several African countries, including Lesotho, which heavily relies on denim exports to the United States. This move, coupled with the recent end of aid to Africa, is expected to devastate economies already struggling with debt. The impact of these tariffs will not only affect the African continent but also have global economic repercussions, prompting a need for regional trade networks to mitigate the effects.
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CrowdStrike: Higher Sales, Higher Costs
CrowdStrike (NASDAQ: CRWD) recently released its financial report as it approaches the one-year mark since a significant global outage in July 2024. The cybersecurity firm exceeded earnings per share (EPS) estimates while matching revenue, although it experienced declines in earnings, free cash flow, and annual recurring revenue (ARR) compared to the previous year. The company is making strides in recovery from the incident, as indicated by these financial results. Full Article
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