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“How to prepare for a power outage?” reads the Facebook post from the Estonian Rescue Board, the country’s civil defense agency. The picture shows a young woman holding up a power bank, over a table loaded with water bottles, a flashlight and other emergency supplies.

Estonia, along with fellow Baltic states Latvia and Lithuania, is counting down the days to finally ridding itself of one of the last vestiges of 50 years of Soviet occupation: an electricity grid controlled by Russia.

Preparing the population for what most see as the unlikely scenario of power outages is the final stage in a years-long project. “Everything should flow smoothly,” reads the rescue board post, “but unexpected situations can arise… whether that be because of the actions of our hostile neighbor to the East, unexpected weather conditions or technical failures.”

The Baltics have been getting ready for this moment for almost the entire two decades since they joined the EU and NATO in 2004. They’ve renovated existing infrastructure, and built new power lines including several undersea cables to Finland and Sweden and a crucial overland link to the mainland European grid, the LitPol line linking Lithuania and Poland.

That meant that just a few months after Russia launched its full-scale invasion of Ukraine in 2022, all three countries were able to stop buying electricity from Moscow.

But Russia was still in total control of the functioning of the grid, balancing supply and demand, and maintaining the frequency, said Susanne Nies, project lead at the German energy research institute Helmholtz-Zentrum. And, in another holdover from Soviet times, it was still providing these services for free.

Six months ago, the Baltic countries officially notified Russia of their intention to “desynchronize” and so, on February 7, the so-called BRELL (Belarus, Russia, Estonia, Latvia, Lithuania) agreement that governs the shared grid will expire.

On February 8, Estonia, Latvia and Lithuania will simultaneously disconnect from that grid, at which point they will need to briefly function as an “island,” surviving only on the electricity they produce. On February 9, they plan to synchronize their newly independent grid with the Continental Europe Synchronous Area, which covers most of the European Union.

It’s a highly symbolic moment. Outside the Energy and Technology Museum in the center of Lithuania’s capital, Vilnius, a countdown clock has been ticking down the last 100 days to “energy independence.” “This is the final break from its Soviet-era occupation,” said Jason Moyer, a foreign policy analyst at the Wilson Center, a think tank in Washington. “Psychologically, this is a huge step forward.”

The project has involved significant investment, most of it from the European Union, which has provided grants worth over $1.2bn. But for the Baltics, the price of allowing Moscow to maintain that leverage over their power grid was too high. “We understand fairly well that the cheap Russian energy, it always comes at a price that no democratic European country should be able to afford,” said Päi.

And lest there be any doubt as to their resolve, last year Lithuania’s grid operator Litgrid started cutting old Soviet cables that formed connections to Belarus so the lines could be repurposed.

The question plaguing Baltic leaders now, as some of the most vocal opponents of the war in Ukraine and some of the most generous donors (as a percentage of GDP) to Ukraine’s military, is whether Russia will try to exploit the moment of disconnection, be it through physical sabotage or another hybrid tactic like cyberattacks or disinformation.

Ukraine had in fact disconnected from the Russian grid for a test just hours before Russia launched its full-scale invasion on February 24, 2022. It never reconnected.

Russia has shown itself more than willing to weaponize electricity supply, not only through repeated attacks on the Ukrainian energy grid, but also through its almost three-year occupation of the Zaporizhzia nuclear plant, which before the war provided about a fifth of Ukraine’s electricity.

For Russia, the loss of leverage over the Baltics, former Soviet vassals, is a geopolitical defeat, said Moyer, adding: “I think this really shows that Russia is losing influence in the region,” one that was “traditionally more receptive to Russian business.” The Kremlin declined to comment, noting only that Russia had taken all necessary measures to ensure the “uninterrupted and reliable operation of our unified energy system.”

“We are increasing our surveillance efforts, we are increasing our additional security measures, and… we are going to watch this with an eye of a hawk,” Šakalienė said.

NATO has now set up a new mission to protect undersea cables in the Baltic Sea, after the Estlink 2, a critical part of the Baltics’ post-Soviet electricity infrastructure, was damaged on Christmas Day, the latest in a series of incidents involving disruption to the complex web of cables criss-crossing the Baltic Sea floor.

Grid operators in Finland and the Baltic states assured customers in the days afterward that supplies were secured. But electricity prices did tick up in late December, and the repairs, according to Finnish authorities, will take until August.

Finland is still investigating the incident, but police have detained a ship carrying Russian oil products, suspected of dragging its anchor across the cable. A lawyer representing the owner of the ship last week called any allegation of sabotage “nonsense.”

One area neither NATO nor the Baltics can police is Kaliningrad. The tiny Russian exclave sandwiched between Lithuania and Poland will now have to function as an electricity “island,” and while Russia has carried out multiple successful tests of its ability to cope, experts are not ruling out deliberate action by Moscow to stir up tensions.

“Russia might even provoke a fake blackout in the region and say ‘Hey, Kaliningrad, this is even the result of the Baltic synchronization,’” said Nies. She believes Russia could then accuse the Baltics of plunging the one million residents of Kaliningrad into darkness and use that to exact concessions, and assess NATO’s appetite to come to the aid of its eastern flank.

The risk may be higher now, with a new administration in Washington that is critical of NATO and determined to end the war in Ukraine. “(The Russians) want to see if NATO is alive, and where do you test it other than in the Baltics?” said Nies.

This post appeared first on cnn.com

Colombian President Gustavo Petro has said that “cocaine is no worse than whiskey” as he suggested the global cocaine industry could be “easily dismantled” if the drug was legalized worldwide.

Colombia is the world’s top producer and exporter of cocaine, mainly to the United States and Europe, and the government has spent decades fighting drug trafficking.

“Cocaine is illegal because it is made in Latin America, not because it is worse than whisky,” the president said on Tuesday during a six-hour ministerial meeting that was broadcasted live.

“Scientists have analyzed this,” he claimed.

The leftist leader, who assumed office in 2022, has vowed to tackle drug trafficking and regulate the use of illegal substances. However, since he came to power, Colombia’s cocaine production has surged.

Cultivation of coca leaves in Colombia increased 10% in 2023 from the previous year, while potential cocaine production reached a record of more than 2,600 metric tons, a 53% increase, the United Nations’ Office on Drugs and Crime said in October.

In his remarks at the meeting, Petro suggested that cocaine should be legalized like alcohol to combat trafficking.

“If you want peace, you have to dismantle the business (of drug trafficking),” he said. “It could easily be dismantled if they legalize cocaine in the world. It would be sold like wine.”

Petro highlighted fentanyl, a synthetic drug at the heart of the opioid crisis in the US, in contrast, saying “(it) is killing Americans, but it’s not made in Colombia.”

“Fentanyl was created as a pharmacy drug by North American multinationals” and those who used it “became addicted,” he said.

His comments come nearly two weeks after a diplomatic standoff with President Donald Trump after he blocked the landing of two US military flights of deported migrants, accusing the US of treating Colombian migrants like criminals.

Colombia later agreed to accept the deportees and deployed its own planes to assist in their return, after a flurry of threats that included steep tariffs, a travel ban for Colombian nationals and the revocation of visas for Colombian officials in the US.

Colombia has been a major non-NATO ally of the US, and for decades has been its closest partner in South America, working closely on anti-drug trafficking efforts.

Cocaine is the fourth most consumed drug globally, according to the UN, and illegal in most countries. However, some governments have decriminalized possession of the drug in small amounts.

Serious medical complications can occur with its use, including cocaine use disorder – compulsive use of the addictive stimulant – and overdose, according to the US National Institute on Drug Abuse. Adulteration of the drug with synthetic opioids such as fentanyl has also contributed to a rise in overdose deaths, according to the NIH.

Meanwhile, the NIH warns alcohol use can lead to injuries, violence, alcohol poisoning or overdose, with side effects of excessive use such as liver disease and cancer.

This post appeared first on cnn.com

Amazon stock decline with a higher margin after its first-quarter sales outlook disappointed investors. Although Q4 earnings were strong, the lower-than-expected revenue forecast raised concerns. Investors are now questioning Amazon’s future growth amid AI investment plans and cloud market competition.

Amazon’s Q4 Performance: Solid Growth but Challenges Remain

In Q4 2024, Amazon posted a 10% year-over-year revenue growth, reaching $187.79 billion. Net income surged 88% to $20 billion, exceeding analysts’ expectations. The cloud division, AWS, generated $28.79 billion in revenue, marking a 19% increase but still slightly below projections.

Despite strong earnings, Amazon’s leadership warned of “lumpy growth patterns” in cloud computing. This uncertainty, combined with a weaker Q1 sales projection, led to a negative investor reaction.

First-Quarter 2025 Forecast Misses Estimates

Amazon’s Q1 revenue forecast of $151 billion to $155.5 billion missed analyst expectations of $158.6 billion. The company also projected operating income between $14 billion and $18 billion, below the anticipated $18.3 billion.

Several factors contributed to this conservative outlook:

  • Currency fluctuations impacting international sales
  • Fewer shopping days compared to last year’s leap year
  • Increased spending on AI infrastructure and data centers

Amazon’s AI Investments and Market Concerns

Amazon plans to spend over $100 billion on AI and cloud expansion in 2025. CEO Andy Jassy emphasized the long-term benefits of AI, stating that it will revolutionize nearly every application. However, these massive capital expenditures have made some investors wary.

Market analysts believe that Amazon must prove AI’s profitability to justify these expenditures. The company’s AI-focused strategy faces tough competition from Microsoft, Google, and other cloud providers.

Investor Reaction and Market Impact

Following the earnings announcement, Amazon shares fell over 3% in after-hours trading. Some investors see this dip as a buying opportunity, while others remain cautious. The stock’s performance in the coming months will likely depend on AWS growth trends and AI integration success.

Conclusion

Amazon’s strong Q4 earnings show resilience, but the weaker Q1 forecast has raised concerns. The company’s heavy AI investment strategy could be a long-term win, but investors remain cautious. As Amazon navigates cloud competition, economic conditions, and AI expansion, Amazon stock decline performance remains under close watch.

The post Amazon stock decline with margin after Q1 Sales Outlook appeared first on FinanceBrokerage.

Galaxy Digital CEO Mike Novogratz recently highlighted a significant decline in Ethereum sentiment, describing it as “unbelievably bearish.” He attributes this downturn primarily to increased regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC). This heightened oversight has raised concerns among investors about Ethereum’s future in the cryptocurrency market.

Regulatory Challenges Impacting Ethereum

Novogratz points to the SEC’s actions, particularly under former Chairman Gary Gensler, as a major factor in Ethereum’s underperformance compared to Bitcoin and Solana. The SEC’s legal actions against ConsenSys and debates over whether Ether should be classified as a security have intensified uncertainty. This regulatory environment has led to a cautious approach among investors, contributing to the bearish sentiment surrounding Ethereum.

Ethereum’s Performance Lagging Behind Peers

In recent months, Ethereum has struggled to keep pace with its counterparts. As of February 2025, ETH was trading at approximately $2,700, reflecting a 15% increase over the past year. In contrast, Bitcoin and Solana have experienced over 100% growth during the same period. This disparity underscores the challenges Ethereum faces amid regulatory pressures and shifting market dynamics.

Shifting Narratives and Market Perception

Novogratz also discusses a shift in Ethereum’s narrative. Initially celebrated as a platform for Web3 technology, Ethereum is now viewed more as a store of value. This change has affected its appeal to investors seeking innovative blockchain solutions. The evolving narrative, coupled with regulatory challenges, has contributed to the current bearish sentiment.

Community Concerns and Future Outlook

Within the Ethereum community, there is growing fear, uncertainty, and doubt (FUD) regarding the protocol’s future. Critics have questioned the direction of the Ethereum Foundation and its leadership. Novogratz advises the foundation to focus on research and development, leaving advocacy to other entities like ConsenSys. Despite these challenges, Ethereum remains a significant player in the cryptocurrency space. However, its future trajectory will depend on how it navigates regulatory hurdles and adapts to changing market perceptions.

Conclusion

The bearish sentiment surrounding Ethereum highlights the impact of regulatory scrutiny and shifting market narratives. As the cryptocurrency landscape evolves, Ethereum’s ability to address these challenges will be crucial for its sustained relevance and growth.

The post Ethereum Sentiment Declines Amid Regulatory Concerns appeared first on FinanceBrokerage.