Category: 3. Business

  • India’s Earnings Are Under the Lens as US Trade Deal Redraws Winners and Losers – bloomberg.com

    1. India’s Earnings Are Under the Lens as US Trade Deal Redraws Winners and Losers  bloomberg.com
    2. Indian shares open higher on India-US trade optimism, global cues; SBI rises 6%  Reuters
    3. India’s position in Asia improves with India-US deal, positive for equities and export-oriented sectors: Report  BusinessLine
    4. India-US Deal Fine Print ‘Soothes Nerves’ — Here’s What Brokerages Are Saying On Demand And Risks  NDTV Profit
    5. Dalal-Steet likely to cheer trade deal progress  The Times of India

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  • Coca-Cola (KO) Q4 Earnings Report Preview: What To Look For

    Coca-Cola (KO) Q4 Earnings Report Preview: What To Look For

    Coca-Cola (KO) Q4 Earnings Report Preview: What To Look For

    Beverage company Coca-Cola (NYSE:KO) will be announcing earnings results this Tuesday morning. Here’s what investors should know.

    Coca-Cola met analysts’ revenue expectations last quarter, reporting revenues of $12.41 billion, up 3.9% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ organic revenue estimates.

    Is Coca-Cola a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

    This quarter, analysts are expecting Coca-Cola’s revenue to grow 5.2% year on year to $12 billion, improving from the 4.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.56 per share.

    Coca-Cola Total Revenue
    Coca-Cola Total Revenue

    Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Coca-Cola has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.6% on average.

    Looking at Coca-Cola’s peers in the beverages, alcohol, and tobacco segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Constellation Brands’s revenues decreased 9.8% year on year, beating analysts’ expectations by 2.9%, and Altria reported flat revenue, topping estimates by 1.1%. Constellation Brands traded up 5.3% following the results while Altria was down 1.8%.

    Read our full analysis of Constellation Brands’s results here and Altria’s results here.

    There has been positive sentiment among investors in the beverages, alcohol, and tobacco segment, with share prices up 7.4% on average over the last month. Coca-Cola is up 11.8% during the same time and is heading into earnings with an average analyst price target of $79.45 (compared to the current share price of $78.92).

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  • What ASEAN Governments Can Learn from the Russian State-Backed Attacks on Amazon Web Services

    What ASEAN Governments Can Learn from the Russian State-Backed Attacks on Amazon Web Services

    Russian state-backed cyberattacks on cloud-linked critical infrastructure in the West highlight the need for ASEAN governments to develop stronger laws and larger cybersecurity talent pools for critical infrastructure protection.

    A recent Amazon Web Services (AWS) threat intelligence report highlighted that Russian state-backed cyber operations have been targeting critical infrastructure of Western countries, particularly energy infrastructure, by pivoting their tactics to exploit misconfigured customer network edge devices to gain initial access into the infrastructure. Such edge devices included routers, VPN gateways, and remote-access consoles hosted in AWS environments. By targeting the “low-hanging fruit” of misconfigured customer devices that exposed management interfaces, the attackers could achieve the same strategic objectives of gaining persistent access to critical infrastructure networks and harvesting credentials for accessing online services. All at significantly less cost and risk of exposure.   

    This development should alarm governments and enterprises globally, including those in ASEAN, especially when many ASEAN public sector agencies use cloud services like AWS for e-government services, national data repositories, and possibly even to support essential service delivery. The AWS case demonstrates that vulnerabilities in critical infrastructure today are often not a function of advanced malware, but of organisational capacity and governance in the public sector.

    Several ASEAN states have, in fact, introduced cybersecurity laws intended to protect critical information infrastructure (CII) or functionally equivalent systems, whose failure or disruption would affect essential public services. However, these regimes remain unevenly developed across the region. At present, only four out of eleven ASEAN member states, namely, Singapore, Malaysia, Thailand, and Vietnam, have enacted statutory frameworks that explicitly identify and regulate CII or systems essential to national security and public services.

    Singapore’s Cybersecurity Act establishes a detailed CII regime supported by sector-specific codes of practice and mandatory risk assessments. Malaysia’s Cyber Security Act 2024 introduces a National Critical Information Infrastructure (NCII) framework, while Thailand’s Cybersecurity Act empowers authorities to designate CIIs and impose compliance obligations. Vietnam’s cybersecurity laws regulate “information systems critical to national security”, which functionally serve a similar role, albeit within a more state-centric model. By contrast, the majority of ASEAN countries, including Indonesia, the Philippines, Brunei, Cambodia, and Laos, do not yet have dedicated CII statutes. Instead, cybersecurity governance in these states relies on general cybercrime laws, ICT regulations, and personal data protection acts (PDPAs). In practice, this has resulted in PDPA compliance becoming a proxy for cybersecurity governance, not because PDPAs are well suited to protecting infrastructure, but because they are often the most mature, enforceable, and institutionally embedded digital regulations available.

    Singapore remains a notable outlier in this respect. Among ASEAN states, Singapore is the only jurisdiction where cybersecurity and CII laws clearly and consistently extend enforceable obligations and liability to private-sector service providers, including cloud companies supporting public-sector critical services, rather than relying primarily on contractual arrangements or data protection law as proxies for accountability. Its cybersecurity framework reflects a level of regulatory coherence, enforcement capacity, and technical resourcing that few ASEAN states currently match, as most ASEAN governments face fiscal and institutional constraints that limit their ability to replicate Singapore’s model in the near term. As a result, while cybersecurity and CII laws exist on paper in some jurisdictions, their operationalisation remains inconsistent.

    Existing critical information infrastructure regimes tend to assume clearly bounded systems under direct organisational control, whereas modern critical services increasingly rely on cloud platforms, outsourced service providers, and shared-responsibility models.

    The AWS incident exposes a common regional vulnerability arising from this uneven landscape. Existing CII regimes tend to assume clearly bounded systems under direct organisational control, whereas modern critical services increasingly rely on cloud platforms, outsourced service providers, and shared-responsibility models. Misconfigured customer-controlled components, such as edge devices and access gateways, often fall into a grey zone where legal responsibility is formally assigned but operational oversight is weak. Attackers are increasingly exploiting this gap, especially when the services are provided by private companies.

    As ASEAN governments are actively pursuing digital transformation through smart cities, e-government platforms, and cross-border data flows, these initiatives risk expanding the attack surface of critical sectors without corresponding investments in cybersecurity skills and regulatory clarity. Cybersecurity readiness surveys have repeatedly shown that many state agencies lack personnel with deep operational expertise in cloud security and network engineering, even where formal compliance roles such as Data Protection Officers (DPOs) exist. Given this vulnerability, governments in the region could consider the following steps for stronger cybersecurity, especially in the public sector.

    First, governments could raise cybersecurity leadership standards in critical sectors beyond the narrow area of compliance with data protection requirements. Cybersecurity and infrastructure resilience roles should be clearly distinguished from data governance functions, with regulators requiring demonstrable technical competence for those responsible for securing critical systems.

    Second, regulators would have to shift from point-in-time audits towards continuous configuration monitoring and risk assessment, particularly for internet-facing and cloud-hosted infrastructure. Static compliance checks are poorly suited to environments that change rapidly and could be targeted by adaptive adversaries.

    Third, governments need to invest in cybersecurity workforce development to make these standards achievable. National training schemes, scholarships, and public–private partnerships are essential to building a sustainable talent pipeline. National cybersecurity agencies should also arrange for regular upskilling and recertification of DPOs and IT officers in government, reducing recruitment pressures on local agencies while promoting consistent professional standards.

    Fourth, ASEAN could consider deepening regional threat-intelligence sharing. The AWS case shows the value of timely, actionable information on how intrusions occur and how attackers operate. Strengthening cooperation through the ASEAN Regional Computer Emergency Response Team (ASEAN-CERT) would allow member states to improve collective preparedness for cross-border threats.

    The AWS incident is a strategic alarm bell for ASEAN governments. As cyber actors refine their methods to exploit basic operational oversights, ASEAN countries must equip themselves not just with rules, but with people, skills, and practical security practices that close the gap between compliance and resilience.

    2026/38

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  • Government-led innovation ecosystem is derisking space cybersecurity for private investors

    If it takes a village to raise a child, the story of Singaporean deeptech startup SpeQtral is the progeny of a specialised innovation ecosystem with coordinated public and private support. 

     

    Started as a bold lab concept in a local university, the space-based quantum communications startup is turning into a global contender in space cybersecurity. 

     

    Its humble origins were nurtured by a “village” of Singapore public agencies (like the space office, cybersecurity agency, research centre of excellence, and the innovation agency) that provided the critical scaffolding for its growth – be it policy, funding, networks, or the technical expertise.  

     

    Nine years since SpeQtral ventured into a niche area like space cybersecurity, space has now become a national priority and securing it is key for governments. 

     

    For an emerging yet critical frontier for national resilience, SGInnovate’s Deputy Director of Strategic Projects Desiree Tung says to GovInsider that there is an imperative for governments to lead investments in this sector to instill market confidence and catalyse the sector. 

     

    Tung was speaking on the sidelines of the CYSAT Asia, the inaugural event in Asia dedicated to cybersecurity of space infrastructures on February 5. It was organised by SGInnovate and European cybersecurity company CYSEC. 

     

    Delivering the keynote at the event, the Cyber Security Agency of Singapore (CSA)’s Chief Executive David Koh highlighted that the current space ecosystem today relied on technologies and geopolitical assumptions of “a very different era”, when cybersecurity was not a design requirement.  

     

    But the current vulnerabilities are not just limited to orbiting satellites, but across the entire space value chain from ground stations, control systems, management networks, and supply chains. 

    Government as a pioneer investor 

     

    SGInnovate is a private organisation fully-owned by the Singapore government, serving as an entity to build deeptech innovation in the country.  

     

    “We look at investing in early-stage technology – from pre-seed to Series A – and areas where perhaps they are not ready for the private sector yet,” Tung explains. 

    Drawing parallels between space cybersecurity and quantum, SGInnovate’s Desiree Tung believes that early investments by SGInnovate will catalyse additional investments and signal to the private sector to invest in the sector. Image: SGInnovate

     

    Quantum tech is an example. “We were one of the early investors of quantum startups about three to four years back,” she says. 

     

    As a result of these early investments, she believes that they have catalysed additional investments and signalled to the private sector to invest in the quantum sector. 

     

    Market intelligence firm Quantum Insider also reported that a driver of the sector is the continued government funding, especially through the national quantum strategies, to derisk early adoption and spur private investments in the sector. 

     

    Tung highlights that the same strategy is now required for space cybersecurity. 

     

    As the Asia-Pacific region awakens to the risks in space, she emphasises the importance of building security in its infrastructure from day one. 

     

    Doing so avoids the high costs of “last minute fixes,” ensuring that governments can ensure their sovereignty through secure-by-design infrastructure than reactive defence. 

     

    In the panel “Strategic Partnerships & International Investment in Space Cybersecurity”, Innovaud (economic promotion agency of Vaud, Switzerland)’s Managing Director Patrick Barbey, and SGInnovate’s Head of Investments Tong Hsien-Hui also highlighted a gap in private investments for a startup category combining both space and cybersecurity.  

     

    “In many of these cases, they are not pure venture capitalist (VC) investments. It’s a combination of contracts by the European Space Agency (ESA), public organisations and other sources. 

    Government as a convener in an interconnected space 

     

    Tung highlights that building a startup can be a solitary path, which is why SGInnovate believes in building the “village,” in this case an ecosystem, around the startups.

     

    By bringing together the right players like researchers, corporates and other investors, SGInnovate is creating a collaborative platform for the startups to build their capabilities and connections to lead in an emerging tech space, she says.  

     

    In the panel, SGInnovate’s Tong expanded further that the current solutions in the space cybersecurity sector remain “narrow,” often focused on specific parts of the infrastructure. 

     

    To “level up” these solutions, he argued for more global collaboration between governments and companies.  

     

    His call for a systemic approach to space cybersecurity aligned with CSA’s David Koh, as he stressed the importance of tackling space cybersecurity not by components, but “as a network of interconnected systems” spanning different organisations, developers and end users. 

     

    In a separate address, UK Royal Marines’ Deputy Director for Cyber and Electromagnetic Effects and Special Operations’ Brigadier Richard Alston noted that in the military sector, it is also rethinking its relationship with the private sector to leverage the latter’s expertise. 

     

    “That’s a very different and normal approach. Rather than come up with a series of requirements and ask industry to go and address those requirements, we’re bringing industry in to define and design, not just targeting the requirements,” he said. 

     

    As for next steps for the Singapore public sector, SGInnovate’s Tong reflected that while different public agencies support the space cybersecurity support, there remains a lack of coordinated effort.

     

    He hoped that the setting up of the National Space Agency of Singapore (NSAS) in coming April would consolidate these efforts and instill confidence in more private investors to get involved in the space cybersecurity sector.  

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  • 49-Year-Old Mom Of 3 Says Frugality Helped Her Reach $1.5M In Savings – No ‘Fancy Job Or Big Salary’

    49-Year-Old Mom Of 3 Says Frugality Helped Her Reach $1.5M In Savings – No ‘Fancy Job Or Big Salary’

    It’s getting harder for average Americans to make ends meet and still find a way to save. Yet, some stories prove that building wealth is still possible if you’re willing to practice financial discipline.

    A 49-year-old woman recently took to r/Fire— a Reddit community about early retirement—to celebrate hitting a massive $1.5 million in savings after decades of relentless frugality. The poster shared that she’s a single mother of three who has been working for the same employer for over 20 years.

    “Behind everyone here, but still happy,” the Redditor wrote. “I do not have a fancy job or big salary. I checked my account today and was delighted that my frugality has resulted in $1.5M. Feeling proud of myself, happy, grateful.”

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    The Redditor said that her annual expenses are around $45,000. This includes her mortgage, which she expects to pay off in five years. She said she maxes out her health savings account, IRA, and 401(k) each year and plans to retire at 55.

    The poster shared more details about her path from financial hardship to stability. She said she bought her first home in 2003 and later filed for bankruptcy at 26. She sold the house for a significant profit after home prices shot up in her area and used the proceeds as a “springboard” to rebuild her finances.

    “I was also invested (albeit very, very little) in my 401k during the housing crisis,” she said. “My value skyrocketed once the market came back. Did the same after 2020.”

    Many Redditors asked the poster for advice on saving money. She said she has been frugal for years and, since her separation two decades ago, has been pouring money into savings with the goal of retiring early.

    Trending: Americans With a Financial Plan Can 4X Their Wealth — Get Your Personalized Plan from a CFP Pro

    The poster said she shops at thrift stores and has taught her kids to do the same. She also said she isn’t impulsive and is willing to wait for lower prices.

    “My car was bought used and I’ve been driving it for 10 years,” she said. “I don’t think I own any clothes that weren’t from a thrift store. Since I was dead broke when the kids were little, they’re also accustomed to thrifting.”

    She also joined local groups that give away items for free and finds high-quality household goods she would otherwise have to buy.

    “If I buy something and then realize I don’t need it, I return it,” she added. “I know a lot of people don’t bother. I’m really just frugal and I guess that helped a lot.”

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    Image: Shutterstock

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    This article ‘Behind Everyone Here, But Still Happy’: 49-Year-Old Mom Of 3 Says Frugality Helped Her Reach $1.5M In Savings – No ‘Fancy Job Or Big Salary’ originally appeared on Benzinga.com

    © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • ‘No Reasonable Scenario’ Forces Strategy To Sell Bitcoin As $440 Target Stands: TD Cowen

    ‘No Reasonable Scenario’ Forces Strategy To Sell Bitcoin As $440 Target Stands: TD Cowen

    Strategy Inc (NASDAQ:MSTR) shares surged 22% Friday as TD Cowen maintained its $440 price target, arguing there is “no reasonable scenario” forcing the company to sell Bitcoin (CRYPTO: BTC) despite trading underwater on its holdings.

    TD Cowen analysts Lance Vitanza and Jonnathan Navarrete said Strategy is “better positioned than ever” to participate in a potential recovery, even as the premise looks strained amid steep declines. The company’s shares are down 13.4% so far in 2026, adding to a 47.5% slump last year.

    The volatility looks intentional ― analysts noted Strategy’s common stock is designed to be about 1.5 times more volatile than Bitcoin.

    “It should come as no surprise that Strategy’s shares outperform Bitcoin when the price rises, and underperform when falling. This is, in fact, by design,” they said.

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    On solvency concerns, TD Cowen argued Strategy has the “wherewithal to ride out a hypothetically much steeper Bitcoin rout.”

    They pointed to the company’s $2.25 billion cash reserve that could fund $900 million in fixed charges for nearly 17 months while covering $1 billion of convertible notes putable in 2027.

    The earliest trouble point appears in March 2028, when additional convertibles mature or become putable.

    Moreover, TD Cowen maintained Bitcoin price targets at $177,000 by December 2026 and $226,000 by December 2027.

    TD Cowen’s view aligns with recent Strategy executive comments.

    On the Q4 earnings call revealing $126 billion in losses, CEO Phong Le said Bitcoin would need to fall to around $8,000 and remain there for five to six years before Strategy faces difficulty servicing convertible debt.

    Executive Chairman Michael Saylor reiterated the capital structure is designed to withstand extended volatility, dismissing quantum computing threats as “horrible FUD.”

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    TD Cowen highlighted Strategy’s emerging “digital credit engine” as a key thesis component.

    The company raised over $7 billion of preferred equity in fiscal 2025, representing 33% of all preferred equity sold in the U.S.

    The firm’s STRC preferred stock pays an 11.25% annualized dividend rate with daily liquidity above $118 million, providing an alternative funding mechanism beyond convertible debt.

    See Also: This ETF issuer isn’t chasing the index — it’s building tools for income, leverage, and conviction

    Strategy’s shares are up 22% Friday, bouncing after testing the critical $100-$110 support.

    However, the stock remains trapped in a descending channel with overhead resistance.

    The SAR indicator at $155.29 positions above current prices, indicating the bearish trend remains intact. Immediate resistance sits at $155, followed by $165-$175, then $200+.

    Additionally, the RSI at 36.45 shows bouncing from oversold but remains below 50, confirming momentum stays bearish.

    Support sits at $100-$110—if this fails, next support appears at $75-$85.

    Image source: Shutterstock

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    Rad AI’s award-winning artificial intelligence technology helps transform data chaos into actionable insights, enabling the creation of high-performing content with measurable ROI. Their Regulation A+ offering allows investors to participate at $0.85 per share with a minimum investment of $1,000, providing an opportunity to diversify portfolios into early-stage AI innovation. For investors seeking exposure to the rapidly growing AI and tech sector, Rad AI offers a chance to get in on the ground floor of a data-driven growth story.

    Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.

    Lightstone DIRECT gives accredited investors direct access to institutional-grade real estate, going beyond typical crowdfunding platforms. By cutting out middlemen, it aligns investor and manager interests while providing exposure to a $12B+ portfolio spanning multifamily, industrial, hospitality, retail, office, and life science properties. This approach allows investors to diversify their portfolios across multiple property types and markets, gaining professional-grade real estate exposure without the fees or misalignment common on other platforms.

    Domain Money helps professionals and households earning $100,000+ take control of their finances with personalized, CFP professional-led guidance. By offering tailored financial planning, Domain empowers users to make smarter, more confident decisions across investments, retirement, taxes, and overall wealth strategy.

    Masterworks enables investors to diversify into blue-chip art, an alternative asset class with historically low correlation to stocks and bonds. Through fractional ownership of museum-quality works by artists like Banksy, Basquiat, and Picasso, investors gain access without the high costs or complexities of owning art outright. With hundreds of offerings and strong historical exits on select works, Masterworks adds a scarce, globally traded asset to portfolios seeking long-term diversification.

    BAM Capital offers accredited investors a way to diversify beyond public markets through institutional-grade multifamily real estate. With over $1.85 billion in completed transactions and guidance from Senior Economic Advisor Tony Landa, the firm targets income and long-term growth as supply tightens and renter demand remains strong—especially in Midwest markets. Its income-focused and growth-oriented funds provide exposure to real assets designed to be less tied to stock market volatility.

    As digital assets become a larger part of diversified portfolios, traders increasingly look for platforms that offer transparency, efficiency, and control. Kraken Pro is an advanced trading interface from Kraken, one of the world’s leading cryptocurrency exchanges, designed for users who want more sophisticated tools without added complexity. With low, volume-based fees, a streamlined interface for managing spot, margin, and futures trading, and a strong focus on security and regulatory compliance, Kraken Pro provides a way to gain diversified crypto exposure through a clear, professional-grade trading experience.

    REX Shares designs specialized ETFs for investors who want more precision than traditional broad-market funds can offer. Its lineup spans options-based income strategies, leveraged and inverse exposures, spot-linked crypto ETFs, and thematic funds tied to structural trends. By targeting specific income objectives, volatility profiles, or market themes, these ETFs can be used alongside core holdings to introduce differentiated return drivers and reduce reliance on a single market outcome, while maintaining the liquidity and transparency of the ETF structure.

    Mode Mobile is redefining how people earn money through everyday smartphone use. Its EarnPhone and app ecosystem allow users to earn and save by playing games, listening to music, and reading news—turning screen time into income. With over 50 million beta users and a low $99 barrier to adoption, Mode Mobile has proven extreme competitiveness in the mobile market. Accredited investors can participate in the company’s growth at $0.50 per share, gaining exposure to a platform with a total addressable market exceeding $1 trillion and plans for a Nasdaq IPO. For investors looking to diversify into innovative consumer tech and mobile monetization, Mode Mobile offers a unique opportunity to tap into a fast-growing, user-driven digital economy.

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    This article ‘No Reasonable Scenario’ Forces Strategy To Sell Bitcoin As $440 Target Stands: TD Cowen originally appeared on Benzinga.com

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  • Qantas frequent flyer boss Andrew Glance addresses loyalty program concerns and RBA credit card changes

    Qantas frequent flyer boss Andrew Glance addresses loyalty program concerns and RBA credit card changes

    Qantas loyalty division boss Andrew Glance admits he’s been taken aback by the airline’s remarkable turnaround since the dark days that saw former chief executive Alan Joyce and chairman Richard Goyder ousted by angry investors in 2023.

    Vanessa Hudson beat Olivia Wirth, former boss of the loyalty program, to the top job and has won widespread praise for rebuilding the flying kangaroo’s reputation. Glance’s star has also been rising since taking on the frequent flyer business after the overlooked Wirth left for Myer.

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  • As goes the Washington Post: US democracy takes another hit under Trump | Washington Post

    As goes the Washington Post: US democracy takes another hit under Trump | Washington Post

    The email landed in Lizzie Johnson’s in-tray in Ukraine just before 4pm local time. It came at a tough time for the reporter: Russia had been repeatedly striking the country’s power grid, and just days before she had been forced to work out of her car without heat, power or running water, writing in pencil because pen ink freezes too readily.

    “Difficult news,” was the subject line. The body text said: “Your position is eliminated as part of today’s organizational changes,” explaining that it was necessary to get rid of her to meet the “evolving needs of our business”.

    Johnson’s response may go down in the annals of American media history. “I was just laid off by The Washington Post in the middle of a warzone,” she wrote on X. “I have no words.”

    The Washington Post’s Ukraine correspondent may have been rendered speechless over Wednesday’s move by Jeff Bezos, the Amazon billionaire and Post owner, to cut more than 300 newsroom jobs. The bloodletting, which has raised renewed fears about the resilience of America’s democracy to withstand Donald Trump’s attacks, swept away the paper’s entire sports department, much of its culture and local staff and all of its journalists in such arid news zones as Ukraine and the Middle East.

    Others, though, managed to find their tongues. “It’s a bad day,” said Don Graham, son of the Post’s legendary Watergate-era owner Katharine Graham, breaking the silence he has maintained since selling the paper to Bezos for $250m in 2013.

    “I am crushed,” was the lament of Bob Woodward, one-half of the paper’s double act with Carl Bernstein that exposed Watergate.

    “This ranks among the darkest days in the history of one of the world’s greatest news organizations,” said Marty Baron, the Post’s lionised former executive editor. Not one to mince his words, Baron castigated Bezos for his “sickening efforts to curry favor with President Trump”, saying it left an especially “ugly stain” on the paper’s standing.

    Several hundred people rallied in front of the Post’s offices on Thursday, voicing support for their laid-off colleagues. “It’s disappointing on an immense scale. They don’t seem to give a damn about this institution and the people that make it run,” said Patrick Nielsen, an engineer at the paper.

    Howls of dismay were also uttered by prominent Post alumni in interviews with the Guardian. Robert McCartney, a 39-year veteran of the Post until he retired five years ago, said it was a “tragedy and an outrage”.

    Like many Post insiders, McCartney has been astonished by the stark contrast between Bezos’s handling of the newspaper during Donald Trump’s first term in office and his conduct now in Trump 2.0.

    McCartney was a senior journalist on the paper during Bezos’s initial eight years of ownership, through Trump’s first presidency. Back then, he, like many others, was grateful for Bezos’s tutelage.

    “We saw him as a savior. He pumped money into the Post, didn’t meddle in the newsroom and stood up to Trump,” he said.

    Fast-forward to 2026, and a very different Bezos has emerged. In 2017, soon after Trump’s first inauguration, the Post introduced its new strapline: “Democracy dies in darkness.”

    That wording still runs proudly beneath the masthead. At the end of a week like this one, though, America looks a notable shade darker.

    Marcus Brauchli, the Post’s executive editor until 2012 who now runs investment firm North Base Media, said that this was a terrible moment to be hammering one of the country’s great custodians of public accountability: “These are historic times, given the cyclone bearing down on the world order and American system of government. This is when journalism matters most. I mean, laying off reporters in Ukraine, now.”

    It is not as though Bezos needs the money. He is the fourth-richest person on the planet, according to Forbes, with a $245bn fortune.

    As Peter Baker, the chief White House correspondent for the New York Times, pointed out, Bezos could cover five years of the Post’s $100m annual losses by dipping into his earnings from a single week.

    The optics of Wednesday’s train wreck of an announcement were also diabolical: the job of facing the distraught staff on Zoom was delegated to the Post’s beleaguered current executive editor, Matt Murray.

    Bezos was nowhere to be seen. Yet there he was, earlier in the week, beaming broadly as he welcomed Trump’s defense secretary, Pete Hegseth, to the Florida headquarters of his space company, Blue Origin.

    Nor did Will Lewis, Bezos’s consigliere as publisher of the Post, have the courage to present himself as the guillotine came down. A day after he had presided over the evisceration of the paper’s sports department, he was spotted attending the red carpet at an NFL Super Bowl event in San Francisco.

    On Saturday night, however, Lewis abruptly resigned, acknowledging “difficult decisions” as he praised Bezos’s leadership of the paper.

    The lay-offs came just five days after the launch of the first lady documentary, Melania, bankrolled by Amazon MGM Studios. Bezos sank $75m into that pile of “gilded trash” yet, unlike the Post, seems unfazed by the film’s paltry return on investment.

    “What Bezos did for Melania while gutting his own newspaper,” wrote the historian Simon Schama, will come to be seen “as the most glaring symptom of cultural collapse in a democracy hanging on to truth by the barest of threads”.

    This fateful juncture has been looming for a while. The first warning signs came in October 2024, when Bezos yanked the Post’s planned endorsement of Trump’s Democratic rival Kamala Harris just 11 days before the presidential election.

    A wave of public revulsion ensued, leading to the cancellation of at least 250,000 Post subscriptions.

    Soon after, the billionaire unilaterally imposed new strictures on the paper’s opinion content. He introduced what he called his “two pillars”: “personal liberties and free markets.”

    That drove many of the paper’s top commentators rushing for the exit, among them the economics columnist Eduardo Porter, who now writes for the Guardian. “This layering of dogma undermined critical thinking,” Porter recalled. “It turned the Post into something more akin to a church, with tight constraints on thought.”

    This week’s day of the long knives has left many people desperately seeking explanations. There were clearly business motives at play: you don’t get to be a gazillionaire like Bezos without caring about profit lines, and the Post has been battered in recent years by harsh industry headwinds.

    But there are other, more sinister, interpretations. McCartney thinks back to 2019 when Amazon lost a $10bn Pentagon cloud-computing contract during Trump’s first term.

    Amazon complained in a lawsuit that this was a blatant act of retaliation by Trump, punishing Bezos for the Washington Post’s piercing coverage of his administration. Could it be that the bruising experience led Bezos to change tack, concluding that shining a light in defense of American democracy came at too high a price for the jewels in his business empire, Amazon and Blue Origin?

    “It’s very likely that the desire to appease Trump, to placate him, is playing a role in these decisions,” McCartney said.

    That’s a chilling thought for such a beacon of accountability journalism as the Washington Post. And it is set against the already parlous state of US media.

    Since 2000, some 3,500 newspapers have closed shop, abandoning one in four Americans who now live in news deserts with no local newspaper. The most recent casualty was the Pittsburgh Post-Gazette, which will publish its final edition in May. It was founded in 1786, three years before George Washington donned the mantle of first president.

    While many papers have been folding, others have fallen into the hands of a new breed of super-wealthy tech and venture capitalist owners who, like Bezos, see journalism as an asset to monetize: the Los Angeles Times was acquired in 2018 by a biotech billionaire, Patrick Soon-Shiong.

    Like Bezos, Soon-Shiong has displayed symptoms of Trump Appeasement Syndrome. He too refused to allow his paper to endorse Harris days before the 2024 election.

    Historic newspapers brought low, news deserts proliferating: this is fertile ground on which misinformation and the Maga pestilence can grow. Trump has cultivated it relentlessly to his advantage.

    Long hostile towards what he calls the “fake news media”, Trump has taken his vendetta against truth-seekers to a new level. He has stripped public media channels NPR and PBS of more than $1bn in federal funding, launched full-frontal attacks on individual journalists and outlets exposing his corruption and lies and sustained a bullying campaign against corporate owners designed to browbeat them into subservience.

    CBS News is the consummate example. Trump leaned on Paramount, which owned the news network, with a $10bn lawsuit over a 60 Minutes pre-election interview with Harris. Paramount settled for $16m, even though the suit was widely ridiculed as spurious.

    Front of Paramount’s mind, no doubt, was its upcoming merger with Skydance Media that required federal – ie Trump’s – approval.

    Following the merger, David Ellison became CEO of Paramount Skydance. He is son of the billionaire Oracle co-founder Larry Ellison, who is a close friend and adviser of Trump’s.

    The younger Ellison went ahead and appointed the anti-woke commentator Bari Weiss as editor in chief of CBS News, sending shockwaves through the storied network’s dazed and demoralised staff. Weiss, who came to the job with no TV industry experience, has swiftly confirmed their fears.

    She pulled a 60 Minutes segment on the notorious Cecot mega-prison in El Salvador to which the Trump administration had been deporting immigrants. Among her early hires as CBS News contributors are a Trump loyalist and former US marine, a prominent vaccine skeptic buddy of the health secretary Robert F Kennedy Jr, and fellow anti-woke firebrand Niall Ferguson.

    The cumulative malaise that is descending over US media leaves the country’s democratic institutions vulnerable to attack. It can’t be exclusively blamed for Trump’s excesses.

    There are plenty of other willing accomplices and capitulators, including universities like Columbia, corporate law firms and the gung-ho conservative activists who now control the supreme court.

    But from Trump’s perspective, a media on its knees surely helps. The results are present everywhere you look.

    Trump is unleashed, unchained. He feels so comfortable in his regal skin that he can berate a respected female CNN reporter questioning him on the Epstein files for never smiling.

    He can peddle unashamedly in racism, posting a video depicting the first Black president and his first lady as monkeys.

    He can send a masked paramilitary into the streets of Minneapolis, resulting in Americans getting killed for exercising their first amendment rights. And when the polls for November’s midterm elections look challenging for him, he can prepare for another blitzkrieg on the very foundations of American democracy: the ballot box.

    There’s a paradox in all this. Many of the democratic norms that Trump is obliterating – take for example his destruction of the norm of Department of Justice independence in his persecution of his political opponents – were laid down in the 1970s in the wake of the Watergate scandal.

    That’s the same Watergate scandal that was brought into the light by that pair of courageous reporters at a newspaper called the Washington Post.


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  • Bourbon Loses its Charm Overseas – Wine-Searcher

    1. Bourbon Loses its Charm Overseas  Wine-Searcher
    2. Kirin Sells Four Roses to Gallo, Health Pivot — February 07  Meyka
    3. Big American Distillery Back in American Hands After More Than 20 Years  Whisky Monkeys
    4. Japanese-based Kirin announces deal to sell the Four Roses bourbon brand to wine giant Gallo  The Derrick
    5. Japan’s Kirin Selling Bourbon Brand To Gallo For Up To $775M  Law360

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  • Modern Milkman to collect unwanted electronics and toys with deliveries | Food & drink industry

    Modern Milkman to collect unwanted electronics and toys with deliveries | Food & drink industry

    A UK dairy delivery business is to begin collecting unwanted or broken toys, mobile phones and laptops while dropping off milk, orange juice and butter in its latest attempt to expand.

    The Modern Milkman was founded by entrepreneur Simon Mellin in Burnley, north-west England, in 2019 and delivers groceries to more than 100,000 households across the UK.

    The business will now start collecting electronic goods and toys to give to recycling specialist EMR Group, which will repurpose or recycle the items. Consumers pay £2.50 a time for a collection bag.

    British households have an average 30 broken tech items each – up from 20 four years ago, according to non-profit organisation Material Focus. Britons dispose of about 2m tonnes of electronic waste every year.

    Retailers must now offer take-back schemes and some councils do kerbside collections but it can still be hard to find an easy way to get rid of small items such as cables, chargers and old phones.

    “We did a lot of research and there is not really a convenient way to deal with this stuff,” said Mellin. The service has been trialled in four regions and would now be expanded across the group’s operations. It also has plans to tackle other waste such as soft plastics or textiles in future.

    “It is about how we build a stronger proposition and make ourselves more valuable to our customers,” he said, with a focus on “sustainable growth rather than blowing the barn doors off”.

    Modern Milkman founder Simon Mellin says there is ‘not really a convenient way’ to recycle toys, mobile phones and laptops. Photograph: Supplied

    The business operates through local independent suppliers and a collection of franchisees who employ delivery workers across about 40% of the UK – from Newcastle, Preston and Blackburn to London and Bristol.

    Mellin, who grew up on a farm and says he left school with no qualifications, admitted the business had endured “a rollercoaster” in its first years as demand for deliveries in the UK ballooned during the pandemic and later fell back.

    However, UK sales rose last year and are continuing to increase as the company reaches more homes and offers new services, Mellin said.

    The Modern Milkman is also expanding in the US after acquiring local businesses which serve homes in Connecticut, Massachusetts, Rhode Island, Ohio, and New York. Mellin said sales in the younger US business were also growing “at pace”.

    Sales for the group rose 13% to £52m in 2024, driven by expansion in the US, but the company made a pre-tax loss of £6.3m, narrowing from a £10.6m loss in the prior year. Last year, sales rose about 20% as the UK and US markets both saw growth, partly helped by the launch of a loyalty scheme.

    Grocery delivery firms have been forced to adapt amid heavy competition and a slowing market since the pandemic. Photograph: Supplied

    Grocery delivery firms have been forced to adapt amid heavy competition and a slowing market since the pandemic.

    Rapid grocery delivery specialists such as Getir have closed down as big supermarket chains such as Tesco, the Co-op and Sainsbury’s have expanded their own operations and worked with delivery specialists such as Deliveroo and UberEats.

    Milk & More, the UK’s biggest specialist dairy delivery service, was sold by yoghurt maker Müller to dairy firm Freshways in January 2024 as the cost of living crisis hit sales.

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