The U.S. imposed duties on Bombardier Inc.’s marquee jetliner after Boeing complained that the Canadian company received unfair government help. Exporters of 100- to 150-seat Canadian aircraft received subsidies worth almost 220 percent. The U.S. will begin collecting preliminary duties to offset the public assistance, a move that would potentially upend Bombardier’s planned deliveries of its C Series jets to Delta Air Lines Inc. Source Bloomberg
A rally was held outside the office of the United Nations in Yemen’s capital Sanaa on Monday to protest against measures of the Saudi-led coalition to hold and prevent ships carrying oil products from docking at Yemen’s ports, the Houthi-controlled Saba news agency reports as the warring parties in the nearly four-year-long conflict hold UN-brokered peace talks in Sweden. Source: Oil Price
A Chinese court has banned the sale and import of most iPhone models in a stunning decision amid the trade war between the United States and China. Source: CNN
Venezuela’s President Nicolas Maduro said on state television that Venezuela would put in place in 2019 a program to sell all its oil production in the Petro cryptocurrency, which the leader is touting as the first state-backed oil-backed digital currency. Source: Oil Price
