Trump targets smaller trade partners such as Algeria, Libya with tariffs
President Donald Trump on Wednesday sent tariff letters to seven smaller U.S. trading partners, including Algeria, Libya, and Iraq,
Jumia Technologies, an Africa-focused e-commerce firm, will shut down its South African online fashion retailer Zando and leave Tunisia by year-end to streamline operations, the CEO told Reuters. The company is intensifying cost-cutting efforts to achieve profitability, which includes workforce reductions, exiting everyday grocery sales and food delivery, and scaling back delivery services unrelated to core e-commerce. These moves aim to sharpen Jumia's focus on more profitable markets and services.
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