Bloomberg The Federal Aviation Administration (FAA) proposed a $5.4 million civil penalty against Boeing Co for misrepresenting the safety of wing components installed on 178 of its 737 Max airplanes, the agency said. The parts, known as slat tracks, guide moveable panels on the leading edge of the wing to provide extra lift during takeoff and landing. The FAA said …

ABU DHABI / WAM The number US companies’ foreign branches operating in the UAE grew by around six percent from 2016 to 2018, reflecting the Emirates’ leading position as a centre of regional trade and economic activities. According to statistics from the Ministry of Economy, this number grew from 270 branches in 2016 to 286 by the end of 2018. …

Bloomberg Outgoing Bank of England (BOE) governor Mark Carney said central banks globally are getting close to running out of tools should they need to tackle another serious economic downturn. “It’s generally true that there’s much less ammunition for all the major central banks than they previously had, and I’m of the opinion that this situation will persist for some …