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Magnum accuses former Ben & Jerry’s board chair of ‘serious misconduct’ as more directors squeezed out

Unilever, which acquired the quirky, socially conscious Ben & Jerry’s in 2000, spun off its ice cream unit into Magnum in December and retains a 19.9% stake

International News via Reuters:

Ben & Jerry’s years‑long struggle to defend its progressive mission from parent‑company pressure escalated this week, as The Magnum Ice Cream Company accused the brand’s former board chair of misconduct and said its once eight‑member board had been reduced to just two directors.

Unilever, which acquired the quirky, socially conscious Ben & Jerry’s in 2000, spun off its ice cream unit into Magnum in December and retains a 19.9% stake.

Since 2024, Vermont-based Ben & Jerry’s and its independent board have fought Unilever, and now Magnum, in U.S. District Court in New York against what they said were efforts to undermine the brand’s social mission and the board’s autonomy.

In a filing dated January 20 in that U.S. District Court case in New York, Magnum said that Ben & Jerry’s CEO and a Unilever appointee were now the only members on its board.

After Magnum deemed her unfit to serve, Ben & Jerry’s Board Chair Anuradha Mittal was ousted in mid-December, and two long-serving directors left as Magnum introduced nine-year term limits.

In its new filing, Magnum said Mittal “had engaged in serious misconduct that rendered her ineligible to serve on the board” and that an Ernst & Young audit of the Ben & Jerry’s Foundation, a separate U.S. non-profit funded by the brand, led to concerns of conflicts of interest. 

Magnum said none of the three remaining independent directors had agreed to undergo compliance training, meaning they had left the board as of January 1. 

Mittal has accused Magnum and Unilever of trying to discredit her and undermine the board’s authority. 

“Magnum’s midnight purge of independent directors who provide oversight authority and holding hostage charitable funds— all while they continue to conceal the audit report and scope of work — speak for themselves,” Mittal said in a statement on Thursday. 

Magnum described the protracted litigation as “regrettable” and said it remained committed to supporting the Ben & Jerry’s team. 

“We look forward to the development of a refreshed Board with a majority of Independent Directors, led by an Independent Director,” Magnum said in a statement. 

Magnum said the foundation had regularly made grants to organisations where trustees including Mittal held senior positions and received compensation or other benefits. 

The foundation said it had “become collateral damage” in the battle.

The relationship between Ben & Jerry’s and its parent company began unravelling in 2021 when it said it would stop selling in the Israeli-occupied West Bank.

Reporting by Alexander Marrow in London and Jessica DiNapoli in New York; Editing by Cynthia Osterman

JPMorgan buys UK pensions technology firm WealthOS, memo shows

The acquisition will deepen the bank’s footprint in pensions, positioning it to tap demand for retirement planning products as customers seek predictable income in later life

International News via Reuters:

U.S. banking giant JPMorgan Chase has closed a deal to buy UK-based pensions technology platform WealthOS, according to an internal memo seen by Reuters on Thursday.

The acquisition will deepen the bank’s footprint in pensions, positioning it to tap demand for retirement planning products as customers seek predictable income in later life.

Founded in 2019, WealthOS runs a technology-focused wealth management platform with a workforce in the UK and Sri Lanka, all of whom will join JPMorgan, the memo sent by Edmund Cohen, head of pensions and wealth products at the bank, said.

J.P. Morgan Personal Investing plans to use the technology capabilities of WealthOS to enhance its pensions offering, the memo added.

Private banking is a large and competitive market in the UK, shaped by the country’s role as a global financial centre and home to a high concentration of wealthy individuals, family offices and international investors.

Demand has been supported by an ageing population, rising cross-border wealth flows and a growing need for advice on succession, tax and retirement planning, making the segment a steady source of fee income for banks and asset managers.

Reporting by Manya Saini in Bengaluru; Editing by Alan Barona

World Economic Forum attendance ‘full circle moment’ for Bermuda

The Premier and Finance Minister David Burt was a panellist in Davos, Switzerland on several sessions with senior leaders from global organizations on digital innovation and insurance

Brian Armstrong, Co-Founder and CEO of Coinbase, Bermuda Premier David Burt and Jeremy Allaire, Co-Founder, Chairman, and CEO of Circle, at the World Economic Forum met to affirm the company’s commitment to advancing digital finance in Bermuda. Photo: davidburtmp/Instagram

Premier and Finance Minister David Burt has been in Davos Switzerland for the World Economic Forum’s annual meeting.


It draws political and business leaders from around the globe to face pressing economic and technological challenges. Bermuda first attended the forum in 2018.


All eyes may be on US President Donald Trump and ongoing tensions over proposed EU tariffs, but Bermuda’s representatives were spreading the world that the island’s financial sector is well and truly open for business.


Premier Burt met with several financial service leaders of the asset management, insurance and digital asset business sector.

The Premier also took part in several panels and sessions, including “Stablecoin Adoption for Humanitarian Action”, and “Insurability in a Changing World”.
Turning to matters at home, the Premier was asked whether the growing income inequality gap between blue collar workers and the thriving international business sector can be met with targeted measures this budget season, such as introducing tax credits.

EU likely to resume ratification of US trade deal, Metsola says

The European Parliament this week decided to suspend work on the trade deal because of Trump’s new tariff threats

International News via Reuters:

The European Union will likely resume work on a trade deal with the United States after U.S. President Donald Trump took back a tariff threat over his attempt to acquire Greenland, the European Parliament’s president said on Thursday.

“We are happy to see that the escalation is off the table for now,” President Roberta Metsola said.

“This means that we can continue at this stage our discussions internally on the EU-U.S. trade deal, which had been paused pending the impending tariff threat.”

The European Parliament this week decided to suspend work on the trade deal because of Trump’s new tariff threats.

The EU assembly has been debating legislative proposals to remove many EU import duties on U.S. goods, a key part of the agreement struck in Turnberry, Scotland, at the end of July, as well as to continue zero duties for U.S. lobsters, initially agreed with Trump in 2020. The proposals require approval by the parliament and EU governments. 

Many lawmakers have complained that the trade deal is lopsided, with the EU required to cut most import duties while the U.S. sticks to a broad rate of 15%. However, they had previously appeared willing to accept it, albeit with conditions, such as an 18-month sunset clause and measures to respond to possible surges of U.S. imports.

The trade committee of the European Parliament had been due to set its position in votes on January 26-27.

Metsola said lawmakers were optimistic that discussions could resume soon to get the process back on track.

Reporting by Bart Meijer; Editing by Lisa Shumaker

Two tiers or not two tiers? …that is the question

Confusion for public school parents, after it was suggested that changes to a two-tier system may not go as planned. Gary Foster Skelton elaborates…

UN agencies take responsibility for IS camps in Syria after Kurds retreat

Iraq, which has begun taking in detainees transferred from prisons in Syria as the Kurds retreat, said it would begin prosecuting them through its criminal justice system, and called on other countries to help take them in

International News via Reuters:

The United Nations said on Thursday it was taking management responsibility for vast camps in Syria housing tens of thousands of women and children associated with Islamic State, after the rapid collapse of Kurdish-led forces who guarded them for years.

Iraq, which has begun taking in detainees transferred from prisons in Syria as the Kurds retreat, said it would begin prosecuting them through its criminal justice system, and called on other countries to help take them in.

More than 10,000 members of Islamic State, and tens of thousands of women and children associated with them, have been held for years in about a dozen prisons and detention camps guarded by the Kurdish-led Syrian Democratic Forces (SDF) in Syria’s northeast.

The SDF has rapidly retreated this week after clashes with Syrian government forces, raising concern about security at prisons and humanitarian conditions at the camps.

The United Nations said the SDF withdrew on Tuesday from al-Hol, which along with another camp, Roj, houses 28,000 civilians, mainly women and children who fled Islamic State’s strongholds as the group’s self-proclaimed caliphate collapsed. They include Syrians, Iraqis and 8,500 nationals of other countries.

Syrian government forces had established a security perimeter around the camp and teams from the U.N. refugee agency UNHCR and the U.N. children’s agency UNICEF reached the camp on Wednesday, officials said.

“UNHCR – which has taken over camp management responsibilities – is actively coordinating with the Syrian government to urgently resume the safe delivery of life-saving humanitarian assistance,” senior U.N. aid official Edem Wosornu told the U.N. Security Council.

U.N. officials had not yet been able to enter because “the situation in the camp remains rather tense and volatile with reports of looting and burning,” U.N. Spokesperson Stephane Dujarric told reporters. He said the Syrian government had expressed a willingness to provide security and support for UNHCR and aid groups.

DETAINEES SENT TO IRAQ

The U.S. military said on Tuesday its forces had transferred 150 detainees from Syria to Iraq at the start of an operation that could eventually see up to 7,000 detainees moved out of Syria.

A U.S. official told Reuters on Tuesday that about 200 low-level IS fighters escaped from Syria’s Shaddadi prison, although Syrian government forces had recaptured many of them.

Iraq’s Deputy U.N. Ambassador Mohammed Sahib Mejid Marzooq told the U.N. Security Council on Thursday that Iraq was accepting detainees to protect regional and international security, but that other countries should be prepared to help.

“This issue should not be left to become a long-term strategic burden on Iraq alone. The insistence of some states on considering their terrorist nationals a threat to their national security and the refusal to repatriate them is unacceptable,” he said. 

Islamic State emerged in Iraq and Syria, and at the height of its power from 2014-2017 held swathes of the two countries, ruling over millions of people. Its “caliphate” eventually collapsed after military campaigns by regional governments and a U.S.-led coalition.

An Iraqi military spokesperson confirmed that Iraq had received a first batch of 150 IS detainees, including Iraqis and foreigners, and said the number of future transfers would depend on security and field assessments. The spokesperson described the detainees as senior figures within the group.

RELATIVES OF SOME DETAINEES WORRIED ABOUT THEIR FATE

Iraq’s Supreme Judicial Council said Iraqi courts would take “due legal measures” against detainees once they are handed over and placed in specialised correctional facilities.

“All suspects, regardless of their nationalities or positions within the terrorist organisation, are subject exclusively to the authority of the Iraqi judiciary,” the statement said.

Iraqi officials say IS detainees will be separated, with senior figures including foreign nationals to be held at a high‑security detention facility near Baghdad airport previously used by U.S. forces.

The transfers have raised concern among some relatives of IS detainees in Europe. A European woman whose relative joined the group and was detained in Syria said her family was alarmed by reports that prisoners were being moved to Iraq, noting that Iraq has the death penalty.

Speaking on condition of anonymity, she said the family initially hoped changes in control in Syria might bring information on her relative’s fate.

“At least we thought we might finally learn where he is, whether he is alive or sick,” she said. “But when we saw that the prisoners were being taken to Iraq, that frightened us.”

Two Iraqi legal sources said the IS detainees sent from Syria include a mix of nationalities, with Iraqis making up the largest group, alongside Arab fighters from other countries and nationals of Britain, Belgium, France, Germany and Sweden.

Reporting by Ahmed Rasheed in Baghdad and Maya Gebeily in Beirut and Michelle Nichols at the United NationsEditing by Peter Graff

Bermuda a ‘goldmine’ for humpback whale research

Andrew Stevenson hopes the 2026 season will deliver record fluke IDs and new insights into the whales’ pelagic behaviour

A record number of fluke IDs and a deeper behavioural window into the pelagic lives of humpback whales … those are the hopes of local researcher and filmmaker Andrew Stevenson heading into the 2026 season.

It may only be January, but the humpbacks are already putting on a show for residents.

Last week, a rare sighting of three humpback whales inside the reef system was reported off Dockyard.

Mr. Stevenson was able to study the pod up close, capturing his first fluke ID of the 2026 season.

One whale, a yearling, was matched to Labrador, Canada but had never been seen before, an indication of its young age.

Knowing that humpbacks, especially calves and yearlings, are sometimes seen alongside bottlenose dolphins, questions were raised about whether the pod was drawn to the dolphins at Dockyard.

Austin Allen, Lead Scientist and Research Coordinator at Dolphin Quest, says it is incredibly unlikely the whales were attracted to the dolphins, citing anatomical studies that suggest baleen whales may have a very limited sense of smell.

Mr. Allen also says it’s unlikely the whales could have heard the dolphins, noting that bottlenose dolphins produce high-frequency sounds that don’t travel far, especially in shallow water.

Still, the sighting highlights Bermuda’s unique role in whale research … offering scientists rare access to the mammals up close.

‘Deeply concerned’ parents call for meeting on school reform

Spokesperson: ‘We are extremely upset and frustrated by the constant changes being made to the education system’

Parents of Year 6 and Year 7 students across Bermuda’s four parish schools are expressing deep concern and dissatisfaction following recent emergency meetings in which they were informed that the Government has recommended the discontinuation of Years 7–9 at parish schools, with all affected students to be redirected to one of the Island’s three middle schools.

Parents state clearly that they do not agree with this recommendation and do not support this proposed course of action.

The abrupt nature of the announcement, combined with the continued restructuring of Bermuda’s education system, has caused significant distress among families. Parents are concerned about the lack of stability, the long-term impact on students’ academic and emotional wellbeing, and the absence of meaningful consultation prior to such a major recommendation being presented.

“We are extremely upset and frustrated by the constant changes being made to the education system,” said a spokesperson for the parents of the parish schools. “Our children deserve consistency, thoughtful planning, and decisions that are made with parental input—not repeated system-wide shifts that create uncertainty and anxiety for students and families alike.”

Parents are therefore formally requesting a joint meeting with:

• The Minister of Education

• The Commissioner of Education

• The Premier of Bermuda

The purpose of this meeting is to provide parents with a direct and transparent opportunity to voice their concerns, ask critical questions, and engage in constructive dialogue before any further steps are taken toward implementation.

“This is not simply about school placement,” the spokesperson added. “It is about trust, collaboration, and ensuring that decisions affecting our children’s futures are made with care, evidence, and genuine community involvement.”

‘Confusion, shifting plans, lack of transparency’

OBA gives government a failing grade on education reform

Statement by Ben Smith, Shadow Minister of Education

The Bermuda Public School System Deserves Better

“Parents, teachers, and students deserve clarity, stability, and honesty about the future of our schools. Instead, they have been met with years of confusion, shifting plans, and decisions made without proper consultation or transparency. Bermudians feel this instability every day and our children are the ones paying the price.”

This coming from Shadow Education Minister, Ben Smith, after learning parents at Francis Patton Primary that the Bermuda Public School System will be returning to a three-tier system—under a different name.

“The Minister cannot repackage a middle school as ‘Year 7–8’ and pretend it is reform. Families can see clearly what is happening. The Government is trying to present these changes as minor adjustments, but the reality is very different. That is a three-tier system, despite the Government spending years and millions of dollars telling the country it was delivering a two-tier structure. We are now seeing the consequences of rolling out reform without a complete, fully costed, fully resourced implementation plan.”

He laments: “What happened at Francis Patton Primary is extremely concerning. If the principal was told the school will not receive the building investment previously promised and therefore cannot accommodate Y7–Y8, then the school has been backed into a corner. That is not a partnership. That is not consultation. That is not strategic planning. This is precisely why I have been calling for the Government to publish the full reform audit, the full school closure impact report, the full assessment and support capacity report, and a quarterly public scorecard so parents and teachers can understand what is actually happening. Instead, schools are scrambling because the Government is changing direction without giving the data, the resources, or the support needed to make any version of the plan work.”

We have to remember that the children now in the middle of this restructuring are the same children who lived through the learning loss of Covid, the social and emotional disruptions of isolation, inconsistent support services, and the continuing instability of a reform process that keeps changing course.

Mr Smith adds there has been constant uncertainty for students which has had a negative effect in and outside of classrooms: “Pupils have had to ponder,  ‘What school they will I be attending? What school am I going to? Will my teacher still be there? Is my building still open?’  What toll is this taking on our students’ development?

“Teachers are seeing higher anxiety, behavioural challenges, and gaps in foundational skills. Parents are worried. And our student support systems are already stretched. While the chaos of underdeveloped plans continues we still have day to day pressing issues. Assessment delays remain significant, specialist support remains insufficient and follow-up after assessment is inconsistent, delayed or non-existent.”

He says it’s important to hear from public school teachers.

“We need to hear the voices of the teachers that are dealing with this day-to-day impact but of course their hands are tied and voices muted. Without transparency, we cannot say confidently that children are being supported and that is a failure of leadership. This reform did not belong to one Minister and it did not belong to one department. It belonged to the Cabinet and the entire PLP Government, who gave it political backing for eight years.

“They spent millions on architects and consultantssaw the Minister travel to Asia, closed schools without full plans in place, reversed decisions under political pressure in the East and West, and pushed ahead despite warning signs from teachers, principals, and parents. After all of that, they are now reversing one of the core promises of the reform. Bermuda deserves to know how did this happen? What went wrong in planning and execution? Who is responsible for the waste, the confusion, and the instability? Right now, the Government appears more focused on messaging than accountability but the public can see the reality in their schools and they deserve answers. This is exactly why I have said repeatedly that we need the Independent Education Authority up and running. We cannot continue with political promises that shift every election cycle. We cannot continue with children and teachers being asked to adapt to confusion created at the top. We cannot continue treating public school students as the testing ground for unstable policy. Right now, the Government has created chaos at the very moment Bermuda needs stability, support, and clear direction for our young people.”

Mr Smith concludes: “My focus is and will remain on the students. They get one chance at their education. They cannot continue to be caught in the middle of political indecision and policy reversal. The Government must immediately provide the support teachers and students need. They must openly communicate the progress made to date. And if changes are required, they must outline those changes clearly and transparently. An independent audit of the reform must be completed. An independent body must chart the path forward and any future plan must prioritise stability and student wellbeing not more disruption.

“The whole purpose of changing the tier system was to reduce transitions for students because transitions disrupt learning and development. Yet this Government has created even more transitions, more uncertainty, and more instability. Our children deserve better and Bermuda deserves the truth.”

Traffic diversions after crash in Paget

There has been a single vehicle road traffic collision involving a motorcycle, near the entrance to Four Ways Inn, Middle Road, Paget.

To assist with traffic flow, diversions are in place at the junctions of Manse Road and Middle Road, as well as Cobbs Hill and Middle Road.

Motorists are advised to use alternative routes to get to their destinations as delays are to be anticipated.

Update: The scene of this afternoon’s collision outside Four Way Inn has been cleared and regular traffic flow restored.

Education Minister pledges to push ahead with two-tier system

Overseas file image

The Minister of Education, Senator,  the Hon. Crystal Caesar, JP, has reiterated the Government’s commitment to education transformation and to maintaining open communication with school communities. Minister Caesar stated, “There is no announcement planned for Friday. None was ever scheduled. Engagement with internal stakeholders will continue as we progress toward a two-tier school system.”

“Education transformation is not a single event; it is a journey that requires honesty, flexibility, and a clear focus on what matters most: student success, family stability, and confidence in our educators. In September 2025, in my Ministerial Statement at the start of the 2025/26 school year, I reaffirmed the Government’s firm commitment to stabilising and transforming Bermuda’s public education system. At that time, I was clear that education transformation is not merely aspirational; it is an active commitment, with tangible actions already underway to move away from a three-tier to a two-tier school system.

“Over the past several years, the Government of Bermuda has undertaken one of the most ambitious efforts in our history to re-imagine public education. This work has affected all levels of the system, including middle school transformation, the Department of Education, and the Ministry Headquarters. While complex, it has progressed through careful planning, coordination, and close collaboration with key partner Ministries, including Public Works, Finance, Health, Youth, Social Development, and Seniors. Public education is a shared responsibility, and meaningful change requires collective effort.

“Throughout this process, we have listened to parents, teachers, principals, unions, and students; examined data; tested models; and learned important lessons about what is working, what requires adjustment, and what must be strengthened.

“As of January 2026:

·         The Ministry and Department are continuing to move towards a two-tier system.

·         Signature Learning Programme is continuing.

·         Four Parish Primary schools are operational.

·         The Code of Conduct has been revised and is operational.

·         Third Story completed their contract in December 2025. The government now has the data, models, and lessons needed to move forward independently. This is Bermudian ownership of the next phase.

·         Work has commenced with the Dame Marjorie Bean Hope Academy Transformation team.

“Our key priorities are: improving literacy and numeracy; strengthening teaching and learning; supporting student wellbeing; and ensuring stable, safe, and inclusive school environments. As we move forward, we remain focused on system stability and classroom-based improvements that directly benefit students.

“Decisions will continue to be informed by evidence, infrastructure needs, and ongoing feedback from parents, teachers, staff, administrators, and unions. While decisions will be made internally in collaboration with stakeholders, the public will be kept informed through formal updates. There is no announcement planned for Friday. None was ever scheduled. Engagement with internal stakeholders will continue as we progress toward a two-tier school system.

“Change on this scale is complex, but our commitment is simple: to build a public education system that prepares every child in Bermuda for opportunity, purpose, and success.”

London midcaps climb to 3-year high on Trump pivot, Ukraine deal hopes

The domestically-focussed midcap FTSE 250 was up 1.3%, snapping back to a three-year high after escalating geopolitical concerns pressured the index earlier this week

International News via Reuters:

UK shares closed higher on Thursday after U.S. President Donald Trump softened his stance on Greenland, while optimism surrounding a potential Ukraine peace deal further lifted sentiment.

The domestically-focussed midcap FTSE 250 was up 1.3%, snapping back to a three-year high after escalating geopolitical concerns pressured the index earlier this week. UK’s blue-chip FTSE 100 closed up 0.1%.

Media stocks rose 1.9%, helped by a 5.8% rise in Future after the publishing firm announced that it would acquire Sheerluxe. 

Shares of Ukraine-exposed companies jumped with airline Wizz Air climbing 9% and miner Ferrexpo up 13.3% after Ukrainian President Volodymyr Zelenskiy said Ukrainian and Russian teams will have their first trilateral meeting with U.S. officials.

The earnings season continued to gather momentum. Computacenter shares were up 10% after the technology firm provided an upbeat profit forecast.

Senior climbed 8.7% after the engineering firm raised its annual profit forecast for the second time in two months, while AJ Bell rose 3.7% after the investment platform reported a 27.7% rise in first-quarter gross inflows for its platform business.

Heavyweight energy shares were down as crude oil prices fell. 

Shares of precious metal miners also offered support to the UK indexes as gold prices climbed on safe-haven demand.

Diplomats said EU leaders will rethink ties with the U.S. at an emergency summit on Thursday after Donald Trump’s threat of tariffs and even military action to acquire Greenland badly shook confidence in the transatlantic relationship and rattled global markets this week.

Trump on Wednesday stepped back from imposing tariffs on U.S.-bound exports from eight European countries and ruled out using force to take Greenland, a semi-autonomous territory of NATO ally Denmark, causing global markets to rally.

Meanwhile domestic data showed Britain’s government borrowed less than expected in December, something that may give Finance Minister Rachel Reeves reasons for optimism in 2026.

Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Shilpi Majumdar and Andrew Heavens