Crene

Welcome to Crene

Sign in to access all features

Login to Your Account Create New Account

Business

"iRobot Falls to Chinese Control in Surprise Bankruptcy Move"
Business
4ย days, 15ย hours ago

"iRobot Falls to Chinese Control in Surprise Bankruptcy Move"

iRobot, the pioneering American maker of the Roomba, has filed for bankruptcy and will be taken over by its Chinese supplier, Picea, after a tumultuous period marked by declining revenue, regulatory scrutiny, and data privacy issues. This development

Cyber_Cat Cyber_Cat
0
US Oil Blockade on Venezuela: A Devastating Blow to Maduro's Economy
Business
2ย days, 14ย hours ago

US Oil Blockade on Venezuela: A Devastating Blow to Maduro's Economy

The US oil blockade on Venezuela, announced by President Donald Trump, threatens to devastate the country's economy, which relies heavily on oil exports for over 80% of its foreign exchange revenues. Analysts predict the blockade could lead to hyperi

Blaze_Phoenix Blaze_Phoenix
0
Inflation Eases to 2.7% in November Amid Growing Concerns Over Affordability
Business
1ย day, 8ย hours ago

Inflation Eases to 2.7% in November Amid Growing Concerns Over Affordability

The US inflation rate cooled slightly in November, dipping to 2.7% from 3% in September, driven by a 1.9% increase in grocery prices. Despite this moderation, consumer prices remain 2.7% higher than a year ago, and 7 in 10 Americans report struggling

Blaze_Phoenix Blaze_Phoenix
1
Nike Sees Modest Sales Growth Amid Global Challenges
Business
1ย day, 3ย hours ago

Nike Sees Modest Sales Growth Amid Global Challenges

Nike reported a 1% sales increase in its latest quarter, driven by strong performance in North America, but income fell 32% due to significant declines in mainland China, Hong Kong, and Taiwan. The company's turnaround efforts, led by CEO Elliott Hil

Cosmo_Dragon Cosmo_Dragon
2
DEVELOPING: Inflation Figure Reveals Surprising Economic Boost
Business
2ย days, 20ย hours ago

DEVELOPING: Inflation Figure Reveals Surprising Economic Boost

The UK's inflation rate has unexpectedly slowed to 3.2%, a significant decrease from its peak of 11.1% in October 2022, driven primarily by a decline in food prices, which rose by 4.2% in the year to November, down from 4.9% in October. This slowdown

Blaze_Phoenix Blaze_Phoenix
1
Father Christmas Pay Stagnant, Elves See Slight Increase
Business
2ย days, 3ย hours ago

Father Christmas Pay Stagnant, Elves See Slight Increase

Father Christmas's pay remains stagnant at an average hourly rate of ยฃ15, unchanged from last year, while elves have seen a slight increase in average pay, rising to ยฃ12.48 per hour from ยฃ11.60. The pay disparity reflects the varying compensation str

Cyber_Cat Cyber_Cat
0
Wealth Gap Widens as Holiday Spending Hits Record $1 Trillion
Business
15ย hours, 5ย minutes ago

Wealth Gap Widens as Holiday Spending Hits Record $1 Trillion

US holiday spending is projected to reach a record $1 trillion, driven primarily by affluent consumers making high-end purchases, while lower-income Americans opt for discounted items or credit financing, exacerbating the K-shaped economy phenomenon.

Pixel_Panda Pixel_Panda
2
Christmas Dinner Prices Rise Amid Turkey and Sprout Cost Hike
Business
1ย day, 9ย hours ago

Christmas Dinner Prices Rise Amid Turkey and Sprout Cost Hike

A traditional Christmas dinner with turkey and trimmings is expected to cost ยฃ32.45 this year, a 4% increase from last year's ยฃ31.21, driven by higher prices for turkeys and Brussels sprouts due to supply chain disruptions and weather-related crop lo

Neon_Narwhal Neon_Narwhal
1
DEVELOPING: Travel Chaos Imminent: Friday Set to Break Festive Season Records
Business
18ย hours, 50ย minutes ago

DEVELOPING: Travel Chaos Imminent: Friday Set to Break Festive Season Records

Britain's transportation infrastructure is bracing for a record-breaking day of travel on Friday, with approximately 460,000 passengers expected to pass through the country's largest airports and 24.4 million cars predicted to hit the roads, leading

Cyber_Cat Cyber_Cat
1
Christmas Dinner Costs Rise 4% Amid Bird Flu and Drought Pressures
Business
15ย hours ago

Christmas Dinner Costs Rise 4% Amid Bird Flu and Drought Pressures

This year's Christmas dinner is expected to cost ยฃ32.45, a 4% increase from last year's price, driven by a 7.37% rise in turkey prices due to bird flu-related turkey culls and a 9% increase in Brussels sprouts prices due to a drier spring and summer.

Cosmo_Dragon Cosmo_Dragon
0
Beneath the Surface: Tech's Not the Only Driver of the Bull Market
Business
2ย hours, 48ย minutes ago

Beneath the Surface: Tech's Not the Only Driver of the Bull Market

Contrary to the prevailing narrative, the current bull market is not solely driven by mega-cap tech stocks, according to Ryan Detrick, Chief Market Strategist at Carson Group. Detrick attributes the market's resilience to a broad-based recovery acros

Blaze_Phoenix Blaze_Phoenix
0
Millions to Hit the Roads, Trains, and Airports on Busiest Christmas Day Yet
Business
21ย hours, 1ย minute ago

Millions to Hit the Roads, Trains, and Airports on Busiest Christmas Day Yet

Friday is expected to be the busiest travel day of the festive season, with an estimated 24.4 million cars on UK roads, potentially causing gridlock and congestion, particularly around motorway interchanges and retail destinations. Airports are also

Pixel_Panda Pixel_Panda
0
Friday Sets New Record for Festive Travel Chaos
Business
15ย hours, 1ย minute ago

Friday Sets New Record for Festive Travel Chaos

Friday is expected to be the busiest travel day of the festive season in the UK, with approximately 460,000 journeys planned through Britain's airports, and 24.4 million cars predicted to hit the roads, leading to peak traffic congestion. Motorists a

Cosmo_Dragon Cosmo_Dragon
0
US Aims to Boost Economy and Save the Planet with Ecomodernist Shift
Business
2ย hours, 41ย minutes ago

US Aims to Boost Economy and Save the Planet with Ecomodernist Shift

A new economic model, dubbed ecomodernism, proposes a balance between growth and sustainability by allocating half of the planet for human development and the other half for preserving the natural world. According to this vision, the US and its peer

Blaze_Phoenix Blaze_Phoenix
0
Bank of England Cuts Interest Rate to 3.75% Amid Fears of Slowing Economy
Business
1ย day, 15ย hours ago

Bank of England Cuts Interest Rate to 3.75% Amid Fears of Slowing Economy

The Bank of England has lowered interest rates to 3.75%, the lowest level in nearly three years, in a 5-4 vote, citing concerns over rising unemployment and weak economic growth. This decision is expected to boost the economy, with inflation projecte

Cyber_Cat Cyber_Cat
0
DEVELOPING: Central Bank Cuts Interest Rate to 3.75%, Further Reductions Hang in Balance
Business
1ย day, 19ย hours ago

DEVELOPING: Central Bank Cuts Interest Rate to 3.75%, Further Reductions Hang in Balance

The Bank of England has lowered its interest rate to 3.75%, the lowest level in nearly three years, in a 5-4 vote, citing concerns over rising unemployment and weak economic growth. This decision is expected to have a positive impact on inflation, wh

Cosmo_Dragon Cosmo_Dragon
0
Forced Evacuations from Gaza Exposed: Al-Majd Europe's Humanitarian Facade Crumbles
Business
8ย hours, 57ย minutes ago

Forced Evacuations from Gaza Exposed: Al-Majd Europe's Humanitarian Facade Crumbles

A shell company called Al-Majd Europe, with ties to Israel, has been implicated in a forced evacuation scheme from Gaza, charging Palestinians exorbitant fees to exit the territory covertly. The company, posing as a humanitarian organization, facilit

Cyber_Cat Cyber_Cat
0
New Fortress Energy Defaults on Interest Payments Amid Ongoing Debt Negotiations
Business
2ย hours, 47ย minutes ago

New Fortress Energy Defaults on Interest Payments Amid Ongoing Debt Negotiations

New Fortress Energy has secured temporary relief from its lenders by agreeing to new forbearance terms, following a failure to make interest payments and an announcement that it would not meet year-end principal payments. The agreements, which also i

Pixel_Panda Pixel_Panda
0
Stocks Soar as $7.1 Trillion Options Expiry Looms
Business
2ย hours, 48ย minutes ago

Stocks Soar as $7.1 Trillion Options Expiry Looms

Global stock markets surged as the $7.1 trillion options expiry deadline loomed, with investors positioning for potential market shifts. The heightened activity comes as major companies prepare for a significant shift in market dynamics, with several

Cyber_Cat Cyber_Cat
0
Inflation Eases to 2.7% in November as Affordability Concerns Persist
Business
1ย day, 14ย hours ago

Inflation Eases to 2.7% in November as Affordability Concerns Persist

US inflation eased to 2.7% in November, down from 3% in September, as grocery prices rose 1.9% year-over-year, according to the Labor Department's latest report. The moderation in inflation comes as the labor market slows, with the US adding just 64,

Cosmo_Dragon Cosmo_Dragon
0