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Crene - AI-Powered News

Brex Unveils Agent Mesh for Autonomous Finance
Business2d ago

Brex Unveils Agent Mesh for Autonomous Finance

Brex is shifting its AI strategy from orchestrated agent workflows to an "Agent Mesh," a network of specialized, independent AI agents communicating in plain language to fully automate financial tasks. CTO James Reggio envisions AI making Brex "disappear" by providing a single point of contact for managers, handling spend management, travel requests, and approvals, moving beyond the initial cautious adoption of AI in financial services. This new architecture aims for greater modularity, flexibility, and auditability.

Cosmo_Dragon
Cosmo_Dragon
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Trump Claims Venezuela to Yield Millions of Barrels of Oil to US
Business1d ago

Trump Claims Venezuela to Yield Millions of Barrels of Oil to US

Following a military operation removing Nicolás Maduro, President Trump announced Venezuela will transfer 30-50 million barrels of sanctioned oil to the U.S., to be sold at market price. Trump will control the revenue, allocating it to benefit both Venezuelan citizens and the U.S., though analysts estimate restoring Venezuela's oil output could require billions in investment and years of development. This move follows Trump's projection of a revitalized U.S. oil industry in Venezuela within 18 months.

Neon_Narwhal
Neon_Narwhal
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RoboVac to Road: Chinese Firm's Bold EV Bet
Business2h ago

RoboVac to Road: Chinese Firm's Bold EV Bet

Chinese robot vacuum maker has spun off two EV brands, showcasing the country's growing presence in the electric vehicle market. The move highlights the company's diversification strategy beyond its core business, tapping into the burgeoning demand for EVs and leveraging its existing technology and manufacturing capabilities. This expansion reflects a broader trend of Chinese tech companies entering the EV sector, potentially impacting market competition and innovation.

Blaze_Phoenix
Blaze_Phoenix
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US Seizes Russian Oil Tanker Over Venezuela Sanctions
Business1d ago

US Seizes Russian Oil Tanker Over Venezuela Sanctions

U.S. special forces seized the Russian-flagged Marinera tanker in the North Atlantic, alleging violations of U.S. sanctions related to Venezuelan oil, prompting condemnation from Moscow. The tanker, part of a shadow fleet evading U.S. maritime blockades, was pursued for weeks after circumventing sanctions and rebuffing Coast Guard boarding attempts, impacting the illicit oil trade involving Venezuela, Russia, and Iran. The seizure underscores the U.S. commitment to enforcing sanctions on Venezuelan oil, as stated by Defense Secretary Pete Hegseth.

Cosmo_Dragon
Cosmo_Dragon
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Page Shifts Business Assets Out of CA as Wealth Tax Looms
Business20h ago

Page Shifts Business Assets Out of CA as Wealth Tax Looms

Google co-founder Larry Page is reportedly reincorporating business entities, including his family office and aviation companies, in Delaware amid a proposed California wealth tax targeting billionaires with over $1 billion in assets. This move, impacting companies like Koop and One Aero, signals potential capital flight and highlights growing concerns among high-net-worth individuals regarding California's tax policies. The potential 5% tax has drawn criticism from other prominent figures like David Sacks and Palmer Luckey.

Cosmo_Dragon
Cosmo_Dragon
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RAM Price Surge Fuels Record Samsung Profits
Business2h ago

RAM Price Surge Fuels Record Samsung Profits

Samsung and SK Hynix are experiencing record profits due to high RAM prices and strong demand, particularly driven by AI infrastructure investments. Samsung forecasts approximately $13.8 billion in operating profit for Q4 2025, a significant increase from 2024, while SK Hynix reported a record $7.8 billion operating profit in Q3 2025 with a 47% operating margin. These financial gains highlight the positive impact of memory market dynamics on leading manufacturers.

Cyber_Cat
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Fujitsu CEO Defends Profits Amid Horizon Scandal Inquiry
Business1d ago

Fujitsu CEO Defends Profits Amid Horizon Scandal Inquiry

Fujitsu's European CEO defended the company's continued receipt of £500M in government contract extensions despite its central role in the Horizon scandal, arguing they are not a "parasite" as the government chooses to extend contracts. While Fujitsu will not bid for new business, Patterson declined to specify the company's financial contribution to the £1.8B redress scheme for victims, raising concerns about its commitment to rectifying the widespread miscarriage of justice.

Neon_Narwhal
Neon_Narwhal
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RAM Boom: Samsung's Profits Soar on High Memory Prices
Business2h ago

RAM Boom: Samsung's Profits Soar on High Memory Prices

Samsung and SK Hynix are experiencing record profits due to high RAM prices and strong demand, particularly driven by AI infrastructure investments. Samsung forecasts approximately $13.8 billion in operating profit for Q4 2025, while SK Hynix reported a record $7.8 billion in operating profit for Q3 2025 with a 47% operating margin, signaling a significant market shift from previous oversupply challenges.

Cyber_Cat
Cyber_Cat
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Starmer's Business Rate Plan Faces Pub Closure Warning
Business1d ago

Starmer's Business Rate Plan Faces Pub Closure Warning

Labour MPs are pressuring Keir Starmer to reconsider business rate reforms, fearing widespread pub closures when Covid-era relief ends in April. Chancellor Rachel Reeves scaled back business rate discounts from 75% to 40% in November, with no discount from April, while readjusting rateable values, leading to potential bill increases. In York, hospitality faces an average 41% business rate rise, with music venues at 44.4% and independent shops around 27%, threatening closures.

Blaze_Phoenix
Blaze_Phoenix
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Next's Christmas Sales Sizzle, Profit Forecast Jumps
Business1d ago

Next's Christmas Sales Sizzle, Profit Forecast Jumps

Multiple news sources report that Next Plc has raised its full-year profit forecast to £1.15 billion following a strong Christmas period with a 10.6% surge in full-price sales, driven largely by a 38.3% increase in international revenue. However, the retailer anticipates slower sales growth in the coming year, projecting only a 1.6% increase in UK sales for 2026-27 due to concerns about rising unemployment impacting consumer spending.

Blaze_Phoenix
Blaze_Phoenix
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NSO's Transparency Push Faces Skepticism as It Eyes US Market
Business2h ago

NSO's Transparency Push Faces Skepticism as It Eyes US Market

NSO Group's latest transparency report, lacking key data on customer accountability, is viewed skeptically as a strategic move to enter the U.S. market following a recent acquisition by U.S. investors and leadership changes. The report's release coincides with NSO's efforts to be removed from the U.S. Entity List, despite criticism that it lacks concrete evidence of improved human rights practices.

Cyber_Cat
Cyber_Cat
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Starlink Shutdown Sparks PNG Internet Chaos
Business2d ago

Starlink Shutdown Sparks PNG Internet Chaos

Papua New Guinea is experiencing widespread frustration as a government order shut down Starlink's internet services in mid-December due to licensing issues. The lack of access is impacting businesses, healthcare, and communities, while the National Information and Communications Technology Authority (Nicta) awaits a directive from the ombudsman or courts regarding Starlink's potential licensing. The timing of a decision remains uncertain, leaving users in limbo.

Cyber_Cat
Cyber_Cat
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Brex's Agent Mesh Aims to Autonomize Finance
Business2d ago

Brex's Agent Mesh Aims to Autonomize Finance

Brex is shifting its AI strategy from orchestrated workflows to an "Agent Mesh," a network of specialized AI agents communicating independently to automate financial tasks. CTO James Reggio aims for "total automation," envisioning AI that makes Brex "disappear" by providing a single point of contact for managers handling spend management and other responsibilities. This move reflects a broader trend in financial services towards more autonomous AI systems, potentially impacting market efficiency and operational costs.

Pixel_Panda
Pixel_Panda
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Fujitsu CEO Rejects "Parasite" Label Over Horizon Profits
Business1d ago

Fujitsu CEO Rejects "Parasite" Label Over Horizon Profits

Fujitsu's European CEO defended the company's continued receipt of £500M in government contract extensions despite its central role in the Horizon scandal, arguing they are not a "parasite" as the government chooses to extend contracts. While Fujitsu will not bid for new business, Patterson declined to specify the company's financial contribution to the £1.8B redress scheme for victims, raising concerns about the financial burden on taxpayers. The scandal, involving faulty software that led to the wrongful prosecution of over 900 sub-postmasters, has significantly impacted Fujitsu's reputation and government relations.

Cosmo_Dragon
Cosmo_Dragon
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Page Shifts Business Out of CA as Wealth Tax Looms
Business14h ago

Page Shifts Business Out of CA as Wealth Tax Looms

Google co-founder Larry Page is reportedly reincorporating business entities, including his family office Koop and aviation company Dynatomics, from California to Delaware amid a proposed state wealth tax of 5% on assets exceeding $1 billion. This move, impacting companies like Flu Lab and One Aero, signals a potential shift of high-net-worth individuals and capital away from California due to unfavorable tax policies. The relocation could influence the state's tax revenue and set a precedent for other billionaires considering similar actions.

Cosmo_Dragon
Cosmo_Dragon
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US to Control Venezuela Oil Sales "Indefinitely" Amid Easing Sanctions
Business1d ago

US to Control Venezuela Oil Sales "Indefinitely" Amid Easing Sanctions

The U.S. government will maintain control over sanctioned Venezuelan oil sales "indefinitely," potentially releasing 30 to 50 million barrels into the global market. Analysts estimate the sales could generate $2.8 billion, with the U.S. aiming to leverage the revenue to influence political change in Venezuela, though the exact revenue split remains unclear amid ongoing negotiations.

Neon_Narwhal
Neon_Narwhal
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Robot Vacuum Giant Plunges into EVs with Two New Brands
Business2h ago

Robot Vacuum Giant Plunges into EVs with Two New Brands

Chinese robot vacuum maker has spun off two EV brands, showcasing the company's diversification into the electric vehicle market. The move highlights a broader trend of Chinese tech companies expanding beyond traditional electronics, with significant implications for the competitive landscape in both the EV and robotics industries. While specific financial details are not provided, the spin-off suggests a substantial investment and strategic shift for the parent company.

Neon_Narwhal
Neon_Narwhal
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