Leaders of Asia-Pacific economies have failed to agree a communique at a summit in Papua New Guinea after a war of words between the US and China over trade and investment.

Facebook has found itself drawn into an escalating political row in Sri Lanka as opposition MPs accuse the ruling party of using data to launch a crackdown.

Theresa May will step up her fightback against moves by Conservative MPs to oust her with a hard-hitting speech to business leaders on immigration.

Nick Collier is to become the City of London Corporation’s key representative in Brussels after Brexit – Reports Sky News

Banking and housebuilding stocks remain under pressure as businesses exposed to the UK economy continue to feel the heat from the ongoing political crisis over Brexit.


Amazon says its new second headquarters will be split between New York City and Arlington, Virginia – ending months of speculation.

An investigation by cyber security firm Symantec has now uncovered that the North Korean government is stealing tens of millions of dollars by hacking into banks and forcing ATMs to dispense cash to mules.


White House investigating Google after Trump accuses it of bias

US President Donald Trump accused Google’s search engine of promoting negative news articles and unfair coverage of him, without providing any requisite evidence or details

Trump’s attack against the Alphabet Inc unit is the latest in his repeated grievances against technology companies, including both social media giants Twitter Inc and Facebook Inc — which he has accused of silencing conservative voices—as well as e-commerce behemoth Amazon.com Inc — which he states is hurting small businesses and benefiting from a favourable deal with the US Postal Services. He is known for frequently berating news outlets for what he perceives as unfair coverage.

Google on their part, have denied any political bias—stating officially that its search engine is “not used to set a political agenda and we don’t bias our results towards any political ideology.”

Trump tweeted multiple times that Google search results for “Trump News” were “rigged” against him because they showed only coverage from outlets like CNN and not conservative publications– suggesting the practice was illegal.

“I think Google is really taking advantage of our people,” Trump stated on Tuesday in the Oval Office. “Google, and Twitter and Facebook, they are really treading on very, very troubled territory, and they have to be careful. It’s not fair to large portions of the population.”

Facebook on their part, declined to comment. Twitter did not comment when asked for a response. In a congressional testimony, both companies have denied engaging in partisan censorship.

Neither Trump nor the White House detailed how or under what legal justification they would use to probe Google.

Larry Kudlow, Trump’s economic adviser, later told reporters that the White House was “taking a look” at Google, stating that the administration would do “some investigation and some analysis,” without providing any further details.

Earlier this summer, Joseph Simons,  the new Republican chair of the Federal Trade Commission stated that the agency would keep a close eye on big tech companies that dominate the internet. In a previous investigation, the FTC had decided that Google was likely justified in developing a search function that harmed other companies.

Congressional sources cautioned that it may be difficult for Trump to find a way to probe Google about news search results, and that Congress is unlikely to pass any applicable laws. The Federal Communications Commission ceded jurisdiction over regulating online communications when it repealed its net neutrality rules.

Ted Lieu,a Democratic US member of Congress tweeted in response to Trump that such restrictions on Google would violate the US Constitution.

His tweet said:  “If government tried to dictate the free speech algorithms of private companies, courts would strike it down in a nanosecond.”

Shares of Alphabet Inc. fell 0.8% to US$1,245.86.

-GBO Correspondent.

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