News 

A federal judge placed a gag order on Roger Stone and his lawyers to avoid biasing potential jurors

“A federal judge has placed a partial gag order on the GOP strategist Roger Stone and his lawyers in order not to bias potential jurors” writes Grace Panetta for businessinsider.com. Arash Hashemi, a criminal defense attorney, told INSIDER in a email that partial or full gag orders are “common in most high-profile cases, and in the Roger Stone case Judge Berman Jackson may take this step because Stone has already been vocal about his indictment.”.  Source: businessinsider.com

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News 

Here’s the full text of Trump’s national emergency declaration to build his border wall

“President Donald Trump declared a national emergency on Friday to unilaterally build additional physical barriers along the United States border with Mexico” writes Joe Perticone for businessinsider.com. Below is the full text of his official declaration informing Congress of the decision, which was sent to House Speaker Nancy Pelosi: Read more:Here’s what you need to know about the border security compromise that could avert another government shutdown Pursuant to section 201 of the National Emergencies Act (50 U.S.C. 1621), I hereby report that I have exercised my authority to declare…

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Crypto News 

Argo Blockchain Plans to Terminate Mining Contracts, Cut Costs by 35 Percent

“United Kingdom-based cryptocurrency mining provider Argo Blockchain announced it was refocusing its business as part of a major cost-cutting exercise, according to a strategy update published on Feb. 15” writes William Suberg for cointelegraph.com. Argo, which is headquartered in London with facilities in Quebec, said it would terminate its Mining-as-a-Service (MaaS) operations by April, focusing solely on direct mining.MaaS operators facilitate cryptocurrency mining on borrowed hardware remotely.Explaining its decision, Argo said the ongoing suppression of Bitcoin (BTC) prices and associated reduced profitability of mining had caused it to slim down…

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News 

Environmental lawyers are preparing to sue the Trump administration once he issues his emergency order to expand a wall along the country’s southern border.

“Environmental lawyers are preparing to sue the Trump administration once he issues his emergency order to expand a wall along the country’s southern border” reports washingtonexaminer.com. Dillen argues Trump’s use of his emergency powers to further fund the construction of a border wall would violate the Constitution. She argued that Congress has the authority to set spending priorities, but Trump continues to operate as if “checks and balances and the will of the people do not matter.“ Environmental groups were the first to sue Trump over his proposed border wall…

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News 

Airbus is scrapping production of its iconic A380 superjumbo as airlines ditch the biggest commercial jet in history

“Airbus says it will stop manufacturing its iconic A380 superjumbo jet, the world’s largest passenger plane” writes Alexandra Ma for businessinsider.com. Enders, the Airbus CEO said: “Today’s announcement is painful for us and the A380 communities worldwide.The decision comes after Emirates Airlines — which operates the largest fleet of Airbus A380s in the world — reduced its orderbook from 162 to 123 aircraft. Source: businessinsider.com

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News 

Deloitte Japan fined $2 million for auditor-independence violations

“Deloitte Japan, Amano, and Itagaki consented to the SEC’s order without admitting or denying the findings. and Deloitte Japan agreed to pay $2 million in monetary sanctions and be censured” writes Francine Mckenna for marketwatch.com. According to the SEC’s order, the account balances exceeded depositary insurance limits in violation of the SEC audit independence rules.Under the SEC’s rules, accountants are not considered to be independent if they maintain bank accounts with an audit client with balances greater than FDIC or similar depositary insurance limits. Source: marketwatch.com

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News 

SEC fines Deloitte Japan $2 million for auditor independence violations

“Deloitte Japan, Amano, and Itagaki consented to the SEC’s order without admitting or denying the findings. and Deloitte Japan agreed to pay $2 million in monetary sanctions and be censured” writes Francine Mckenna for marketwatch.com. According to the SEC’s order, the account balances exceeded depositary insurance limits in violation of the SEC audit independence rules.Under the SEC’s rules, accountants are not considered to be independent if they maintain bank accounts with an audit client with balances greater than FDIC or similar depositary insurance limits. Source: marketwatch.com

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News 

Trump Calls for Investment in Artificial Intelligence

“The U.S. on Monday released its plan to become the world leader in artificial intelligence, nearly two years after China laid out its own playbook, NBC News reported” reports nbcbayarea.com. President Donald Trump’s executive order explained his administration’s views on developing artificial intelligence but left open a major question: Where’s the money?. Trump’s executive order, which did not include any new funding for A.I. research, comes amid mounting tension over China’s ambitious efforts. Source: nbcbayarea.com

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News 

Airbus to give update on A380 shutdown plans: sources

“General view shows an Airbus A380 at the final assembly line at Airbus headquarters in Blagnac near Toulouse Thomson Reuters PARIS (Reuters) – Airbus is nearing a decision to axe production of the world’s largest airliner and may give an update with full-year earnings on Feb. 14, industry sources and analysts said” reports businessinsider.com. The fate of the A380 superjumbo has been in doubt since a vital order from Emirates foundered over inconclusive engine talks, forcing Airbus and the airline to weigh an alternative plan that would trigger a premature…

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Brokers News 

Interactive Brokers Pays $100K to Settle Supervision Case

“He and his partners diverted $4 million from the hedge fund and took $3.9 million in fees to which they were not entitled, the order states” writes Aziz Abdel-qader for financemagnates.com. He previously pleaded guilty to three different incidents of securities fraud in 1994, 1997 and 2002, and served five years in prison for the 1994 conviction.As deduced from review of the settlement order, it appears that, during the relevant time, Interactive Brokers carried several accounts managed and controlled by Peter Zuck, who has a history of financial crime convictions. Source:…

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