Even buffing it won't shift that. My first classic mini (1996!) did this on the original paint on the bonnet, was caused by I suspect sunlight on the red paint using cheap washing products and not drying it in hot sunlight. The sun passes through the lacquer and fades the paint as red fades badly. Yours could be different, as the pattern in the red doesn't look the same.
And.... I fixed it by respraying it.
I know someone who'd do you a great job at reasonable price, text me if you want his details.
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