Ping An gets bargain as HSBC shares sink amid crisis
File photo: HSBC Photo: VCGChinese conglomerate Ping An Insurance Group Co went bargain-hunting recently and raised its stake in HSBC, cementing its position as the British bank is engulfed in an unprecedented crisis that has seen its shares slump to a 25-year low, analysts said.Ping An Insurance Group bought 10.8 million shares at an average price of HK$28.29 ($3.65) per share on Wednesday, via Ping An Asset Management Co - an investment management arm of the firm - raising its stake in HSBC to 8 percent from 7.95 percent, Reuters reported during the weekend, citing a filing to the Hong Kong ...
Has Hezbollah defeated France in Lebanon?
A month and a half after a massive explosion in Beirut caused a crisis in Lebanon that saw the government fall, France’s decision to try to push for reforms may have been defeated.Regional media from the UAE to Turkey are focused on what might come next in Lebanon. Lebanon’s Prime Minister designate Mustapha Adib resigned, according to Anadolu. French President Emmanuel Macron will hold a news conference on Sunday to discuss the situation.Lebanese analysts quoted at Al-Ain said that Lebanon could be heading to “chaos” as Hezbollah and the Amal movement prevented the creation of a new governmen...
Jpost.com - The Jerusalem Post online edition
Charter rewrite backtracking a mistake
A political crisis seems unavoidable after politicians in the government coalition and the military-appointed Senate colluded in a charter rewrite vote which, in effect, slows down the rewrite process by another month.The charter debacle, a version of time buying, came as Prime Minister Prayut Chan-o-cha and the conservative factions backtracked on the amendment out of fears they would lose the mechanisms that enable them to prolong their power.The government, along with its senators, made the U-turn probably because they thought the pro-democracy protesters lost their momentum after crossing ...
The Bangkok Post
Multilateralism only way out of crisis
By Liu Zhenmin | China Daily | Updated: 2020-09-26 09:33The COVID-19 pandemic has shaken the world, but it has not broken us. We are witnessing devastations on many fronts. Nearly 1 million people have died worldwide, and the death toll continues to rise.We must confront the onslaught of the pandemic with fortitude, resolve and unity, not with fear, division and despondence. The history of humanity is the history of triumph against all odds. This time will be no different.The global economy is in crisis, with the world output projected to shrink by nearly $5 trillion this year. Millions of job...
Jamaica's surging COVID crisis just got help: US donates field hospital
With concerns growing in Jamaica that more people will require hospitalizations amid a worrying surge in coronavirus cases, the Caribbean nation is getting help from the U.S. Southern Command.Adm. Craig Faller, head of the U.S. Southern Command, headquartered in Doral, Florida, arrived in Kingston Thursday to officially hand over a large mobile field hospital for COVID-19 patients. The $753,000 hospital, which can care for 70 patients, will add to Jamaica’s 350-COVID-19 bed capacity.Purchased by Southcom with humanitarian funds, it was transported to the island last week, ahead of Faller’s vis...
How the right digital banking partner can help MSMEs recover amid crisis
How the right digital banking partner can help MSMEs recover amid crisisMANILA, Philippines — Months since Metro Manila and other major cities nationwide were eased to General Community Quarantine (GCQ), countless micro, small and medium enterprises (MSMEs) were finally able to reopen. Albeit the need to strictly follow health and safety protocols, the resumption to business was much-awaited and much-needed, as MSMEs were directly impacted and crippled by the global health crisis.Today, MSMEs must not only continue with their operations, but more importantly, also look into business continuity...
BREAKING: Ekiti APC crisis deepens as factional SEC suspends Fayemi, excos
The internal crisis rocking the ruling All Progressive Congress in Ekiti took a new dimension on Friday as some statutory members of State Executive Committee(SEC) suspended Governor Kayode Fayemi over alleged anti-party activities.According to the allegations against Fayemi, the SEC members said he worked against Edo APC candidate, Pastor Ize Iyamu and supported Godwin Obaseki, the candidate of the People’s Democratic Party(PDP).The statutory members of the SEC also imposed sanction on the party chairman, Paul Omotosho and other executives by suspending them.They alleged they were products of...
Evermore’s David Marcus: Crisis Creates Opportunity
An excerpt from ValueWalk’s interview with David Marcus, Co-founder, CEO, CIO of Evermore Global Advisors discussing how *crisis creates opportunity\. Read the full interview on [ValueWalk Premium](https://valuewalkpremium.com/2020/08/where-to-find-value-with-michael-price-protege-david-marcus/)\.*Q2 2020 hedge fund letters, conferences and moreCrisis Creates OpportunityWell, I think that crisis creates opportunity. It always has it always well. The crisis each time is different each time it’s for another reason. We can go back as far as you want in history. Sometimes it’s a health crisis. Som...
Turkish-Russian alliance could reshape Mediterranean
Overwhelmed by uncontrollable circumstances, the Greek government is bracing for another financial crisis that promises to be as terrible as the last one in 2015.Prime Minister, Kyriakos Mitsotakis, announced, on September 12, that Athens has made a “robust” arms deal that will “reinforce the armed forces” and create a “national shield”.However, beyond Mitsotakis’ mask of confidence, there is a nightmare brewing that is likely to haunt Greece for years to come. Five years ago, when Athens defaulted on its debt, largely to European countries and institutions, France and Germany rushed to furthe...
Robredo: Waiting for vaccine, spraying pesticide won’t solve COVID-19 crisis
Robredo: Waiting for vaccine, spraying pesticide won’t solve COVID-19 crisisGaea Katreena Cabico(Philstar.com) – September 22, 2020 – 9:05amMANILA, Philippines — Having hospitals to treat coronavirus patients and waiting for a vaccine are not enough to address the health crisis that has infected more than 290,000 people in the Philippines, Vice President Leni Robredo said.In a taped speech aired Monday night, President Rodrigo Duterte lashed out at critics, including Robredo, for saying the government has not done enough to address the pandemic.“Now, you might be hearing of critics and ‘yung w...