Wednesday 17 February 2021

Wednesday Briefing: Big Tech's Democratic critics discuss ways to strike back with White House

Today's top stories

Big Tech's critics discuss ways to strike back, Myanmar coup protesters mass again and rising U.S. yields cool down stocks

Congressional Democrats have begun discussions with the White House on ways to crack down on Big Tech, including making social media companies accountable for the spread of disinformation and addressing the abuse of market power.

Donald Trump lashed out at Senate Minority Leader Mitch McConnell, signaling a growing feud between the two most senior Republican voices after the party lost the White House and control of the Senate

Trump’s legal troubles are far from over, despite his acquittal in the Senate impeachment trial. Here’s a look at how the former president leaving office affects his criminal and civil exposure.

Millions of people in Texas awoke without heat again, as power failures continued to plague the state following a historic winter storm that has killed 21 people so far.

In New York, Attorney General Letitia James sued Amazon over its handling of worker safety issues around the COVID-19 pandemic at two warehouses, just days after the retailer filed its own lawsuit seeking to block her case.

World

Hundreds of thousands of people marched in Myanmar, rejecting the army’s assertion that the public supported its overthrow of Aung San Suu Kyi and vowing they would not be cowed in their bid to end military rule.

Internal Amazon documents show how the company has given preferential treatment to a small group of sellers on its India platform and used them to get around government restrictions meant to protect mom-and-pop retailers.

Britain wants to see proof that Sheikha Latifa, one of the ruler of Dubai’s daughters, is still alive after the BBC released a video in which she said she was being held against her will, the UK foreign minister said.

Paul Rusesabagina, the hotelier depicted in a Hollywood film about Rwanda’s 1994 genocide, was charged with nine terrorism-related offences in a Kigali court, at the start of a trial that has drawn international scrutiny.

Unidentified gunmen attacked a secondary school in Nigeria’s Niger State overnight and abducted many students.

Business

The rally in stock markets stalled as a surge in Treasury yields on optimism about a swift economic recovery put pressure on lofty company valuations.

Retail investors should avoid using unverified information from social media to buy and sell stocks, the European Union’s markets watchdog said.

Fortnite creator Epic Games has taken its fight against Apple to EU antitrust regulators, ramping up it dispute with the iPhone maker over its App Store payment system and control over app downloads.

Australia claimed an early win in a protracted licensing battle with Google as media companies lined up to announce content deals with the internet giant that were reportedly far more lucrative than their global rivals.

Daimler unit Torc Robotics said it has selected Amazon’s cloud computing division to handle huge amounts of data in real time as it prepares to test self-driving test trucks in New Mexico and Virginia.

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