Credit Suisse Secures $54 Billion Lifeline to Soothe Investor Concerns
Credit Suisse announced on Thursday that it would borrow up to $54 billion from the Swiss central bank to stabilize its liquidity amid growing fears of a widespread banking crisis. The Swiss bank’s troubles have shifted investor and regulatory attention from the United States to Europe, where Credit Suisse triggered a sharp selloff in bank […]
Volkswagen Selects Canada for First Battery Cell Plant Outside Europe
Volkswagen has chosen Canada as the location for its first battery cell plant outside of Europe, aiming to capitalize on both Canadian and U.S. subsidies while localizing its electric vehicle (EV) production chain in North America. The decision follows a memorandum of understanding signed with Canada six months ago to secure access to essential raw […]