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Most of Netflix's Q4 Income Growth Came From 2 Sources -- and 1 Isn't Sustainable

James Brumley, The Motley Fool
·5-min read
Most of Netflix's Q4 Income Growth Came From 2 Sources -- and 1 Isn't Sustainable

Lower spending may lead to higher margins in the short term, but how good an idea is that when the cost-cutting comes from a key revenue driver?

Continue reading

Latest stories

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  • Polish judge critical of government reforms should be allowed to work, says court

    A Polish judge fiercely critical of the government's judicial reforms is immune from prosecution and can work, an appeal court said, contradicting a Supreme Court disciplinary chamber ruling in a sign of divisions in the legal system. The removal of judge Igor Tuleya's immunity from prosecution in November by the disciplinary chamber highlighted a rift over the rule of law between the Polish government and critics including the European Union and many judges, who say the chamber is not independent and do not accept its authority.

  • UPDATE 1-U.S. CDC says trend of decline in COVID-19 cases may be stalling

    The head of the U.S. Centers for Disease Control and Prevention said on Friday that a recent decline in COVID-19 cases may be stalling, a development she described as concerning while urging that restrictions to fight the virus remain in place. Dr. Rochelle Walensky told reporters the CDC was watching the concerning data closely. The White House on Friday also urged companies to join efforts to help fight the pandemic by requiring mask wearing by employees and educating customers.

  • U.S. Tech Stocks Rebound as Global Bond Rout Eases: Markets Wrap

    (Bloomberg) -- U.S. tech stocks rebounded on the last day of a tumultuous week as a global bond rout eased, leaving the yield on 10-year Treasuries near 1.5%.Gains for Apple Inc., Microsoft Corp. and Facebook Inc. helped lift the Nasdaq 100 about 1%. Energy producers and banks were among the worst performers, dragging down the Dow Jones Industrial Average. The dollar jumped for a second day, helping fuel a slump in commodities from oil to gold to copper.Asian shares tumbled in line with Thursday’s rout in the U.S., and European gauges also headed lower. Global bonds stabilized after central banks from Asia to Europe moved to calm a panic that had sent U.S. government bond yields to their highest level in a year and spurred a selloff in stock markets.Investors are getting increasingly worried that accelerating inflation could trigger a pullback in monetary policy support that has fueled gains in risk assets amid the pandemic. Federal Reserve Chairman Jerome Powell says higher Treasury yields reflect optimism on the outlook for growth and officials have stressed that the central bank has no plans to tighten policy given lingering weakness in the labor market.“Higher rates will create a situation where investors will not accept the kind of sky-high valuations that they’ve been willing to accept in recent years,” wrote Matt Maley, chief market strategist at Miller Tabak + Co. “Although what Chairman Powell said this week was bullish for the economy, it was not particularly bullish for the stock market.”The Nasdaq 100 pared its weekly loss to about 4$, still the worst since October, amid concern that valuations for tech stocks that soared during the pandemic have gotten out of hand.Elsewhere, copper slid the most in more than a month, falling from a nine-year high. Gold fell to the lowest since June.Emerging-market stocks headed for the worst weekly loss in almost a year. Bitcoin fell below $48,000.These are some of the main moves in markets:StocksThe S&P 500 Index rose 0.3% as of 11:50 a.m. in New York.The Stoxx Europe 600 index dropped 1.6%.The MSCI Asia Pacific index declined 3.7%.The MSCI Emerging Markets index retreated 3.2%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.6%.The euro was 0.7% lower at $1.2096.The British pound fell 0.4% to $1.3953.The Japanese yen slipped 0.4% to 106.67 per dollar.BondsThe yield on 10-year Treasuries dipped one basis point to 1.51%.Germany’s 10-year yield dropped three basis points to -0.26%.The yield on U.K. 10-year bonds rose four basis points to 0.82%CommoditiesWest Texas Intermediate crude fell 1.9% to $62.30 a barrel.Gold fell 2.8% to $1,721.69 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • SPAC Merger Sees Europe Price Largest Green Junk Bond

    (Bloomberg) -- Ardagh Metal Packaging’s sale of green junk bonds on Friday drew strong interest from investors seeking yield and environmental kudos, allowing it to increase the size of the offering to $2.8 billion.The company is being spun off from Ardagh Group SA, merged with a blank-check company backed by billionaire financier Alec Gores and will be listed on the New York Stock Exchange. Some proceeds from the sale, originally set to be the largest green bond for Europe’s high-yield market, will be used to fund or refinance “green projects,” the company said in a statement on Thursday.The deal should get more favorable pricing because of its green credentials, said Azhar Hussain, head of global credit at Royal London Asset Management. “The deal will also attract interest from investment-grade accounts who are moving down the market in search for better yields,” he said.Ardagh, known for its innovative approach to selling debt, is combining two hot trends to raise the cash: environmentally friendly bonds and special purpose acquisition companies, or SPACs.The once small-time glass-bottle maker in Ireland has grown into one of the world’s largest packaging companies, with Heineken, Perrier and Beavertown as customers. Favorable conditions in debt markets in recent years helped fund its expansion to the tune of about 8 billion euros ($9.8 billion) in loans and bonds since 2017.Of the new sale, around $2.3 billion will go to Ardagh Group as payment for the Ardagh Metal Packaging business, with the balance used for general cooperate purposes, the company said. Ardagh Group will retain an 80% stake in the beverage-can unit.Read More: Ardagh Prepares $2.3 Billion Green Junk Bond Amid SPAC Deal (1)The total sale, which will be split in four parts between dollars and euros, was increased by the equivalent of $150 million on Friday afternoon. The 450 million euros of senior secured notes are being marketed at a yield of about 2% and 500 million euros of unsecured notes at around 3%. The secured notes are rated rated BB, BB+, and Ba2.Hot MarketThe reflation trade, in which markets are pricing a coming economic rebound from the pandemic, is making higher-yielding debt even more attractive relative to investment grade assets.Read More: European Junk-Bonds Rise to Records Amid Reflation TradesThe prospect of inflation over the horizon adds to the luster of shorter-dated high-yield, according to George Curtis, a credit analyst at TwentyFour Asset Management.​​“Investment-grade spreads are inside 100 basis points and there is less margin for error if you get a rates move,” he said.(Updates first and seventh paragraph to reflect deal size.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Dorinda Henits Recognized in WBJ’s "Women Who Lead" Series

    CURO Group Holdings Corp. (NYSE: CURO) ("CURO" or the "Company"), a market leader in providing credit to non-prime consumers, celebrates Dorinda Henits, Senior Vice President Product Strategy and Integration. Henits was selected for the Women Who Lead—Major Companies award by the Wichita Business Journal.

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  • Euronext welcomes the approval of the European Commission on the contemplated acquisition of the Borsa Italiana Group

    CONTACT - Media: CONTACT - Investor Relations: Amsterdam +31 20 721 4133 Brussels +32 2 620 15 50 +33 1 70 48 24 27 Dublin (interim) +31 20 721 4133 Lisbon +351 210 600 614 Oslo +47 22 34 17 40 Paris +33 1 70 48 24 45 EURONEXT WELCOMES THE APPROVAL OF THE EUROPEAN COMMISSION ON THE CONTEMPLATED ACQUISITION OF THE BORSA ITALIANA GROUP Amsterdam, Brussels, Dublin, Lisbon, Oslo and Paris – 26 February 2021 – 17.45 CET – Euronext, the leading pan-European market infrastructure, today confirms that the European Commission has approved Euronext under the EU Merger Regulation as a suitable purchaser for the contemplated acquisition of the Borsa Italiana Group (the “Transaction”). This approval further improves the certainty of execution of the Transaction, by satisfying an additional major condition for the completion of the Transaction. The European Commission’s decision follows: approval of the Transaction by London Stock Exchange Group’s (“LSEG”) shareholders on 3 November 2020; approval by the German Federal Cartel Office on 11 November 2020; approval by Euronext’s shareholders on 20 November 2020; foreign direct investment clearance for the Transaction by the Italian Council of Ministers on 11 December 2020; conditional approval of LSEG proposed acquisition of Refinitiv by the European Commission on 13 January 2021; completion of the acquisition of Refinitiv by LSEG on 29 January 2021; and approval of the Transaction by the Financial Conduct Authority on 25 February 2021. The Transaction still remains subject to regulatory approvals in several jurisdictions and a declaration of non-objection from Euronext’s College of Regulators. Euronext expects to complete the Transaction in the first half of 2021. Information regarding the contemplated acquisition of the Borsa Italiana Group is available at: www.euronext.com/investor-relations/financial-calendar/acquisition-borsa-italiana-group Contacts Investor Relations:Aurélie Cohen – Chief Communications and IR OfficerClément Kubiak – IR Officer +33 1 70 48 24 27; ir@euronext.com Media:Aurélie Cohen - Chief Communications and IR Officer +33 1 70 48 24 45; mediateam@euronext.com About Euronext Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, The Netherlands, Norway and Portugal. With close to 1,500 listed issuers worth €4.5 trillion in market capitalisation as of end December 2020, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates Euronext Growth® and Euronext Access®, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Norway and Portugal. For the latest news, follow us on Twitter and LinkedIn. Disclaimer This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at:www.euronext.com/terms-use. © 2021, Euronext N.V. - All rights reserved.The Euronext Group processes your personal data in order to provide you with information about Euronext (the "Purpose"). With regard to the processing of these personal data, Euronext will comply with its obligations under the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR as provided in its privacy statement available at: https://www.euronext.com/privacy-policy.In accordance with the applicable legislation you have rights as regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information,for any request regarding the processing of your data or if you want to unsubscribe from this press release, please use our data subject request form at https://connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com. Attachment 20210226_ENX_EC Approval

  • SUPERNAP Italia Announces Acquisition of ACDC Holdings by Affiliates of IPI Partners

    MILAN, Italy, Feb. 26, 2021 (GLOBE NEWSWIRE) -- SUPERNAP Italia (“SUPERNAP” or the “Company”) announced today that 100% of the share capital of ACDC Holdings S.à r.l. (“ACDC”), the Company’s controlling shareholder, has been acquired by affiliates of IPI Partners, LLC (“IPI”) from affiliates of Accelero Capital Holdings S.à r.l. (“Accelero Capital”). IPI is a private equity firm that invests in data centers and other technology and connectivity-related real assets and is co-sponsored by ICONIQ Capital, LLC and an affiliate of Iron Point Partners, LLC. ACDC’s subsidiary, SUPERNAP, represents IPI’s first investment in Europe. Under its new partnership with IPI, SUPERNAP believes that the acquisition and its development expertise will enable the Company to quickly drive scale to help existing and prospective tenants meet their evolving digital infrastructure needs. SUPERNAP’s efforts will be focused on multiple markets throughout Europe, including the Company’s home market of Milan. With an industry leading team and flexible expansion capacity – in both existing data centers and developable land within its portfolio –SUPERNAP is uniquely positioned as a bedrock platform to advance these efforts. “We are proud of the great progress that we have made in establishing our market presence and demonstrating our ability to meet the capacity needs of some the world’s leading technology companies,” said Sherif Rizkalla, CEO of SUPERNAP. “IPI is an ideal partner to help us advance our hyperscale deployments, in Italy and throughout Europe, and to accelerate our growth plans.” “SUPERNAP has an established leadership team that we’ve followed as they’ve fostered strong relationships with a distinguished tenant base and built a track record of developing and operating world-class data centers,” said Matt A’Hearn, Partner at IPI. “We see this as a great opportunity in Europe, a market that we believe will continue to experience significant growth. In connection with this investment, IPI also plans to commit resources to execute on the opportunities resident in the expansion capacity within and around SUPERNAP’s existing campus. We look forward to working with Sherif and his team.” SUPERNAP will undergo a strategic rebranding later in 2021. As part of the acquisition, the Company held a shareholders’ meeting today that appointed a new board of directors composed of the following members: Matt A’Hearn (Chairman), Lauren Sullivan, Josh Friedman, and Sherif Rizkalla. Gibson, Dunn & Crutcher LLP, Legance – Avvocati Associati, and Arendt & Medernich served as legal advisors to IPI in connection with this transaction. White & Case LLP, Giliberti Triscornia Associati, and NautaDutilh N.V. served as legal advisors to ACDC. Financial terms of the transaction were not disclosed. About SUPERNAP Italia SUPERNAP Italia provides comprehensive data center services to help the world’s leading hyperscale and enterprise companies meet their digital infrastructure needs. Its growing, 100,000-square-meter campus near Milan, widely regarded as one of the most advanced data center campuses in Europe, is strategically positioned to take advantage of the area's excellent telecommunications and power infrastructure. With existing and flexible expansion capacity and 100% uptime, SUPERNAP Italia offers the scale, geographic reach, and operational excellence that rapidly growing hyperscale and enterprise companies need. Visit supernap.it to learn more. About IPI IPI Partners, LLC is a private equity firm with more than $4 billion of assets under management that invests in data centers and other technology and connectivity-related real assets. IPI is co-sponsored by ICONIQ Capital, LLC and an affiliate of Iron Point Partners, LLC. For more information, please visit: www.ipipartners.com. About Accelero Capital Accelero Capital is an investment and management group with a diverse portfolio with a focus on technology, digital media and telecommunications industries. It was co-founded in 2012 by a group of executives with experience in strategic, operational and financial management. PRESS CONTACTS Kevin Wolfkevin@tgprllc.com(650) 483-1552 Federico Steinerf.steiner@barabino.it+39 335 424278 Agota Dozsaa.dozsa@barabino.it+39 338 7424061

  • TC Energy and TC PipeLines, LP announce unitholder approval and effective date of merger

    CALGARY, Alberta, Feb. 26, 2021 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and TC PipeLines, LP (NYSE:TCP) (TCP) announced that at the special meeting of TCP common unitholders held earlier today, TCP unitholders voted to approve the previously announced merger of TCP and a wholly owned subsidiary of TC Energy pursuant to the Agreement and Plan of Merger dated December 14, 2020 (the “Merger Agreement”) between TCP, TC Energy and certain other related parties thereto. Approximately 70% of the TCP common units represented by proxy or present at the special meeting voted in favor of the approval of the Merger Agreement and the transactions contemplated thereby, including the merger, which represented approximately 54.5% of TCP’s total outstanding common units as of January 15, 2021, the record date for the special meeting. Pursuant to the Merger Agreement, a wholly owned subsidiary of TC Energy will acquire all of TCP’s outstanding common units not already owned by TC Energy and its affiliates. TCP unitholders are entitled to receive 0.70 common shares of TC Energy for each issued and outstanding publicly-held TCP common unit. TC Energy and TCP also announced today that all conditions required to complete the merger under the terms of the Merger Agreement have been satisfied, and all necessary filings have been made for the transaction to take effect on March 3, 2021. TCP common units will continue to trade on the New York Stock Exchange (NYSE) until the close of trading on March 2, 2021 and will be suspended from trading on the NYSE effective as of the opening of trading on March 3, 2021. About TC EnergyWe are a vital part of everyday life — delivering the energy millions of people rely on to power their lives in a sustainable way. Thanks to a safe, reliable network of natural gas and crude oil pipelines, along with power generation and storage facilities, wherever life happens — we’re there. Guided by our core values of safety, responsibility, collaboration and integrity, our 7,500 people make a positive difference in the communities where we operate across Canada, the U.S. and Mexico. TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com. Forward-Looking Statements This release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management's assessment of TC Energy's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TC Energy's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and Annual Report filed under TC Energy’s profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov. Media Inquiries:Jaimie Harding / Hejdi Carlsen403-920-7859 or 800-608-7859 Investor & Analyst Inquiries:David Moneta / Hunter Mau403-920-7911 or 800-361-6522 PDF available: http://ml.globenewswire.com/Resource/Download/78c29748-7153-4c4d-a14a-cab686750419

  • Outlook on the System Integration Global Market to 2026 - by Service, End-use Industry and Region - ResearchAndMarkets.com

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  • This Play on the Reopening Economy Is Already Quietly Crushing Market Returns

    Texas Roadhouse is outperforming its peers in the restaurant industry and has beaten the stock market over the last year.

  • Nigerian artist transforms coconut shells into art

    This Nigerian sculptor is making art from coconutMULTIMEDIA ARTIST, NATHANIEL HODONU, HOLDING COCONUTS AND SAYING:"My name is Hodonu Nathaniel, I am a multimedia artist and I use coconut as my medium of expression."Location: Lagos, NigeriaHodonu sources shells from local coconut oil factories"My recent art works, now I started introducing colors to some of the works because of what some of my clients are saying, that put some colors to these things and I titled this one 'Vision.'"

  • BIC_PIMACO Closing_26FEB21

    cs BIC completes the divestiture of PIMACO Clichy, France– 26 February 2021 –BIC announced today that it has completed the divestiture of its Brazilian adhesive label business, PIMACO, to Grupo CCRR for 40 million Brazilian Real (approximately 6.0 million euros1). The transaction was approved by the Brazilian antitrust authorities. This divestiture is consistent with BIC’s portfolio rotation strategy and its focus on fast-growing consumer businesses such as Creative Expression and Digital Writing. # # ABOUT BIC A world leader in stationery, lighters and shavers, BIC brings simplicity and joy to everyday life. For more than 75 years, the Company has honored the tradition of providing high-quality, affordable, essential products to consumers everywhere. Through this unwavering dedication, BIC has become one of the most recognized brands and is a trademark registered worldwide. Today, BIC products are sold in more than 160 countries around the world and feature iconic brands such as Cello®, BIC FlexTM, Lucky Stationery, Us.TM, Soleil®, Tipp-Ex®, Wite-Out® and more. In 2020, BIC Net Sales were 1,627.9 million euros. The Company is listed on “Euronext Paris,” is part of the SBF120 and CAC Mid 60 indexes and is recognized for its commitment to sustainable development and education. It received an A- Leadership score from CDP. For more, visit about.bic.com or follow us on LinkedIn, Instagram, Twitter, or YouTube. CONTACTS Sophie Palliez-Capian – VP, Corporate Stakeholder EngagementInvestor Relations:Media:Sophie Palliez-Capian + 33 6 87 89 33 51sophie.palliez@bicworld.com Michele Ventura +33 1 45 19 52 98michele.ventura@bicworld.comAlbane de La Tour d’Artaise + 33 7 85 88 19 48 Albane.DeLaTourDArtaise@bicworld.com Isabelle de Segonzac: + 33 6 89 87 61 39 isegonzac@image7.fr 2021 AGENDA ALL DATES TO BE CONFIRMED Please click on the date to add the event to your calendar 1st Quarter 2021 Results ·April 28, 20212021 AGM ·May 19, 2021First Half 2021 Results ·July 29, 2021 3rd Quarter 2021 Results · October 28, 2021 1 25 February 2021 ECB BRL/Euro rate: 6.6663 Attachment BIC_PIMACO Closing_26FEB21

  • Leasinvest Real Estate SCA sells the semi-industrial part of the Brixton Business Park in Zaventem

    Today the deed has been executed regarding the sale of the semi-industrial part of the Brixton Business Park in Zaventem, as already announced in the latest press release regarding the 2020 annual results. The buyer is an affiliate of Exeter Property Group. Knight Frank acted as the broker in this transaction. The Brixton Business Park comprises 5 semi-industrial buildings with a total area of 18,788 sqm. This divestment is fully in line with the strategy of Leasinvest, which is aimed at selling non-strategic properties and focusing on new sustainable projects. The current favorable market situation enabled a successful sale of this type of property. This divestment also has favorable financial effects: not only does the debt ratio now reduce to the targeted level of less than 55%, the realized capital gain on this transaction has also allowed Leasinvest to expedite the reimbursement of part of our derivatives portfolio, thus further reducing the average financing cost following the earlier repayment of December 2020. Michel Van Geyte, CEO: “It is with a certain degree of nostalgia that we part from this site that belonged to our portfolio since the start in 1999. It is however a necessary step towards developing a sustainable real estate portfolio.” For more information, contact Leasinvest Real Estate MICHEL VAN GEYTE Chief Executive Officer T: +32 3 238 98 77 E: michel.van.geyte@leasinvest.be On LEASINVEST REAL ESTATE SCA Leasinvest Real Estate SCA is a Public BE-REIT (SIR/GVV) that invests in high quality and well-located retail buildings and offices in the Grand Duchy of Luxembourg, Belgium and Austria. On 31 December 2020, the total fair value of the directly held real estate portfolio of Leasinvest amounted to € 1.14 billion, spread across the Grand Duchy of Luxembourg (56%), Belgium (28%) and Austria (16%). Moreover, Leasinvest is one of the most important real estate investors in Luxembourg. The public BE-REIT is listed on Euronext Brussels and has a market capitalization of € 450 million (value on 25 February 2021). Attachment 2021 02 26_LRE Verkoop BBP_ENG

  • Cargotec Corporation: Share Repurchase 26.2.2021

    CARGOTEC CORPORATIONANNOUNCEMENT26.2.2021 CARGOTEC CORPORATION: SHARE REPURCHASE 26.2.2021 In the Helsinki Stock Exchange Trade date26.2.2021 Bourse tradeBuy ShareCGCBV Amount40,362SharesAverage price/ share43.7441EURTotal cost1,765,599.36EUR Cargotec Corporation now holds a total of 300 531 sharesincluding the shares repurchased on 26.2.2021 On behalf of Cargotec Corporation Nordea Bank Oyj Janne SarvikiviSami Huttunen For further information, please contact: Mikko Puolakka, Executive Vice President and CFOtel. +358 20 777 4105 Hanna-Maria Heikkinen, Vice President, Investor Relationstel. +358 20 777 4084 www.cargotec.fi Attachment CGCBV_26.2_trades

  • Four major Indian states to go to the polls amid raging farmer protests

    Four major Indian states are set to go for polls in the next two months in a test of Prime Minister Narendra Modi's popularity amid a raging months-long protest by farmers against three new agricultural laws that have sparked outcry at home and abroad. The eastern states of Assam and West Bengal and the southern states of Tamil Nadu and Kerala will hold state assembly polls between late March and April, India's Election Commission said in a statement on Friday. Modi is battling his biggest political challenge in years as tens of thousands of farmers have camped out on the outskirts of New Delhi since late last year, blocking highways and demanding the government repeal the laws they say will harm farmers and benefit large corporate buyers.