suspension | Common News Update

Nov272020 by adminNo Comments

US agency investigating Tesla front suspension failures

Technology

The U.S. government’s road safety agency is investigating complaints that front suspensions can fail on nearly 115,000 Tesla electric vehiclesByThe Associated PressNovember 27, 2020, 12:19 PM• 2 min readShare to FacebookShare to TwitterEmail this articleDETROIT -- The U.S. government's road safety agency is investigating complaints that suspensions can fail on nearly 115,000 Tesla electric vehicles.The National Highway Traffic Safety Administration says it has 43 complaints that linkages near the ball joints can fail, allowing contact between the tire and wheel liner.The probe, announced Friday on the agency's website, covers 2015 through 2017 Model S sedans and 2016 through 2017 Model X SUVs.The agency says 32 owners complained of failures at low speeds, but 11 said the links failed on ro...

Aug12020 by adminNo Comments

China condemns Germany’s Hong Kong extradition suspension

World

China has condemned Germany’s decision to suspend its extradition agreement with Hong Kong and accused Berlin of a “serious breach of international law.”ByThe Associated PressAugust 1, 2020, 8:49 AM2 min readBERLIN -- China has condemned Germany's decision to suspend its extradition agreement with Hong Kong, accusing Berlin of a “serious breach of international law.” Germany's foreign minister announced the suspension Friday following the disqualification of 12 pro-democracy candidates from legislative elections and a subsequent decision to postpone the elections. Hong Kong leader Carrie Lam cited a worsening coronavirus outbreak in the semi-autonomous Chinese territory in postponing the vote. The Chinese Embassy in Berlin expressed “strong indignation and firm opposition to the wrong rem...

Jun72020 by adminNo Comments

Complete IBC suspension for defaults may hurt creditors

Finance

The government's ordinance giving a perpetual holiday from the Insolvency and Bankruptcy Code (IBC) for defaults between March and September has left banks and investors in a lurch as it leaves them with only recovery options which have proven to be ineffective. Lawyers say that a complete suspension of IBC cases for defaults occuring during the six month period is regressive and takes away the fear of default from promoters. Particularly hit will be investors in market intruments like bonds, external commercial borrowings (ECBs) and trade credits which have recourse only to the delay prone ebt recovery tribunals (DRTs). Moreover, the illconceived ordinance could put India back on eyes of international investors who bet on legal frameworks for recoveries and hit fund raising through bond s...

Jul12019 by adminNo Comments

Woodford fund goes into second month of suspension

Business

By Wale Azeez, business reporter Fund manager Neil Woodford will keep his flagship £3.7bn fund frozen for at least another month, leaving thousands of investors without access to their money.Mr Woodford, one of Britain's best known money managers, released a video - the second since the Woodford Equity Income Fund was suspended on 3 June - in which he said there was "no prescribed time limit" on how long it could cease trading for. However, the fund's authorised corporate director Link Fund Solutions said in a letter to investors posted on its website that it remained in the "best interests of all investors" to continue the suspension.Link is required to give an update on the suspension at least every 28 days.It said it expected to provide another upda...

Jun162019 by adminNo Comments

Hong Kong extradition bill: Protesters return to streets despite suspension

World

Media playback is unsupported on your device Thousands of people protested in Hong Kong on Sunday against a controversial extradition bill, despite a government decision to suspend the bill.The new law, which would have allowed extradition from Hong Kong to mainland China, prompted hundreds of thousands to demonstrate in the past week.Hong Kong's Chief Executive Carrie Lam said on Saturday that the plans had been "suspended" for the time being.But protest leaders demanded that the bill was scrapped.Some have called on Ms Lam to resign over the unrest.By early Sunday afternoon, large crowds had gathered in the city's Victoria Square, many wearing black or carrying white flowers. Organisers said they hoped more than a million people would attend...