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INTERNATIONAL

Silicon Valley Bank shut down by regulator, 2nd biggest US lender failure in history

US-based Silicon Valley Bank (SVB) was shut down by regulators due to the sudden shutdown of Silvergate Capital Corp and the unmindful fundraising of SVB. The sudden collapse has created a bloodbath in startup industry stocks in the US.

INTERNATIONAL

Honda closes Pakistan plant over financial crunch - Agency report

Honda Atlas Cars—the assembler of Honda automobiles in the country blamed the current economic situation for its decision and said that the plant will remain closed from March 9 to 31.