France launched what it billed a 15-billion-euro ($17 billion) support plan for its aerospace industry on Tuesday, accelerating research on a green jetliner and warning 100,000 French jobs could be lost due to the coronavirus crisis. The plans - which include 7 billion euros of aid already awarded to Air France and bring forward some defence spending - involve a joint effort by government and industry to keep French jobs and prepare the next generation of civil jets. The plans include a 1-billion-euro investment fund with an initial capital of 500 million euros, partly financed by planemakers Airbus and Dassault Aviation, engine maker Safran and systems firm Thales....
(Bloomberg) -- Argentine President Alberto Fernandez dipped into the play book of his deputy, Cristina Fernandez de Kirchner, with a plan to seize crop trader Vicentin SAIC, ringing alarm bells in the farming industry and among investors in the country.His government will take control of Vicentin for the next 60 days as it seeks congressional approval to expropriate the agricultural powerhouse, which filed for bankruptcy last year after being caught out in currency swings. Vicentin is a key player in a strategic industry, Fernandez said.“This is a statist vision for the 21st century,” Production Minister Matias Kulfas said in an interview late Monday after the announcement. The company wasn’t notified, he said.Under the plan, all of Vicentin’s assets -- the crown jewels of which are soy-processing plants that supply the world with meal for animal feed and cooking oil -- will be placed in a trust managed by the agriculture arm...
The cannabis industry is one of the fastest-growing business sectors in the western world. CBD, or cannabidiol, is disrupting many traditional industries such as cosmetics, beverages, and even pharmaceuticals....
Some commodities are getting absolutely wrecked this year, but that's not the case with gold. When gold glitters, it has a tendency to overshadow other precious metals, as it's doing this year.What Happened The VanEck Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ), one of the largest exchange traded funds in this category, is sporting a second-quarter gain of almost 22%. Given the ETF's name, it would be reasonable to assume that gold is power this ETF higher, but there's more to the story.As noted above, gold overshadows silver, but the Aberdeen Standard Physical Silver Shares ETF (NYSEARCA: SIVR) is higher by more than 16% over the past month and that's helping GDXJ.Why It's Important GDXJ's underlying index tracks "the overall performance of small-capitalization companies that are involved primarily in the mining for gold and/or silver," according to VanEck.The emphasis is on silver, as GDXJ's silver miners exposure is proving useful."Silver performance...
This story is the second of a two-part look at China's electric vehicle market. Read part one here. Here's a look at Nio, a homegrown electric vehicle startup with ADSs listed in the U.S.; another domestic player, Xpeng, which is reportedly eyeing a U.S. listing; and Tesla, which is nurturing a strong Chinese ambitions. Nio: A Homegrown Contender Nio, or Weilai in Chinese, meaning "Blue Sky Coming," was founded as Nextev in 2014. It took on its current nameplate in July 2017. Nio's Models * EP9 - launched in 2016 * ES8 - first volume-manufactured EV, unveiled in December 2017 and made available to the public in June 2018 * ES6: launched in December 2018; deliveries began in June 2019 * EC6: This model was unveiled to the public Dec. 28 and will be made available in September 2020.The ES6 comes in three variants and is priced between 358,000 yuan to...
