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a top republican has accused us regulators of being "asleep at the wheel" in the period leading up to the implosion of silicon valley bank. those comments in the first of two bruising congressional hearings intended to shed light on the failings that led to the lender's collapse. in response, the regulator pointed the finger at executives — saying they did a terrible job of managing risk. we are still reconstructing the supervisory racket, we understand they were issued a matter requiring attention based on the inaccuracy of their interest rate risk modelling. essentially, the risk...

the electric car battery maker britishvolt has gone into administration after hopes of a last—minute bid for the company faded. the collapse raises questions about uk hopes of building a home—grown battery industry. the company, which had plans to build a gigafactory to make the uk start—up had been expecting to build a new 5.8 billion — or $4.7 billion — factory in northumberland, as part of a long—term vision to boost uk manufacturing. well, this promotional video shows what the factory — with a capability to make 300,000 electric batteries a year — would have looke...

This week in Borderlands: Investment surges in Mexico as companies shift supply chains, plan new factories; Michigan 3PL acquires Mexican freight brokerage, signs lease for Arizona warehouse; American Woodmark opens $45M plant in Monterrey, Mexico; and Zipline Logistics acquires supply chain provider Summit Eleven. The post Borderlands Mexico: Investment surges in Mexico as companies shift supply chains, plan new factories appeared first on FreightWaves.

Switzerland is the largest source of gold imports, with about 41 per cent share during April-October this fiscal, followed by the UAE (about 13 per cent) and South Africa (about 10 per cent). The precious metal accounts for over 5 per cent of the country's total imports.

Tamil Nadu has targeted to become a USD 1 trillion economy by 2030 and has been showcasing itself as the "gateway to endless opportunities". The ruling DMK, which is set to organise its maiden Global Investors Meet (GIM), has been seeking investments from overseas investors through visits to Japan, Singapore and Dubai.