Global Tech Glitch: CrowdStrike's Update Causes Worldwide Chaos

Global Tech Glitch: CrowdStrike's Update Causes Worldwide Chaos

 A software update by cybersecurity firm CrowdStrike has been identified as the culprit behind a major global tech outage that crippled airports, banks, and telecommunications companies worldwide. The incident, described as the largest global IT disruption in history by NBC News, was not a cy...

Suez Canal Revenue Plunges 23.5% Due to Red Sea Crisis, Egypt Confirms

Suez Canal Revenue Plunges 23.5% Due to Red Sea Crisis, Egypt Confirms

The Republic of Egypt confirmed on Thursday, July 18, 2024, a 23.5% decline in Suez Canal revenue during the past fiscal year ending in June, reaching $7.2 billion. This downturn is attributed to the ongoing crisis of attacks by the Houthi group, internationally classified as a terrorist organizat...