Consumer finance companies, particularly from overseas, need a strong legal system to help protect their rights and remedies when the borrowers do not pay back their debts on time. In fact, not too many of them have succeeded. On the other hand, consumer finance companies at their early stage (below three-year-experience threshold) will likely encounter choppy waters due to the economic shock caused by the pandemic. … [Read more...] about Protecting investors at head of consumer finance concern
Foreign investments act
By Duncan Bartlett People experiencing a life in lockdown often report that certain relatives and friends feel closer than before. However, they also say that some of their associates seem more distant than ever, even if they are actually near neighbours. Similarly, the dramatic changes caused by coronavirus have shaken up relationships between Asian nations. India recently marked 70 years of diplomatic relations with Beijing but there is a disturbing backlash against China on social media. Many posts seethe with anger relating to the origin of the Covid-19 virus in Wuhan and alleged attempts to cover it up. Some of this resentment is stoked by the hawks in the United States, who suggest the pandemic is China’s deliberate and malevolent attack upon the world. China bristles in defence against such allegations. State media presents the situation as a terrible but unavoidable natural disaster. It talks of the People’s War against the virus and praises the bravery of its … [Read more...] about View: Can India benefit from the world’s frustration with China?
Australia hosts a permanently rotating major US Marine base in Darwin, while a "top-secret US defence facility at Pine Gap in Central Australia plays a vital role in US global strategic nuclear targeting and intelligence gathering against Russia or China," he elaborates. Thus, it is no surprise that the Morrison government has followed Washington's suit and is now trying to build international support against the World Health Organisation (WHO) and China over their initial handling of the coronavirus pandemic, albeit contrary to Australia's own economic interests, Kevin notes. … [Read more...] about How Australia is Balancing Between Economic Reliance on China and Total Strategic Dependence on US
In 2007, 63% (significantly higher than any other age group) disagreed with the statement "I support my country, right or wrong". In 2004, 86% thought "an imperialist power that acts on its own regardless of what the rest of the world thinks" was improper or somewhat improper, while just 3% thought the opposite. On the latter question, Zogby wrote: "No other group we studied, not Democrats nor self-described progressives, not readers of the New York Times, had a greater spread between the two extremes." It is in this context that the defiance and determination of these young people must be understood. … [Read more...] about The whistleblowers are the new generation of American patriots
"We need a motivational goal - make France Europe's top producer of clean vehicles by bringing output to more than one million electric and hybrid cars per year over the next five years," President Macron told reporters at a press conference at the Valeo car factory in Etaples, northern France on Tuesday. … [Read more...] about Coronavirus: France announces €8bn rescue plan for car industry