With a bankruptcy filing looming, the Westinghouse Electric Co. nuclear business delivered one last stinging blow to Japanese parent Toshiba Corp.’s balance sheet in February: a 712.5 billion yen ($6.4 billion) goodwill writedown. But Toshiba probably won’t be the last big company to rue overpaying for assets. The global M&A boom has left a giant footprint on corporate balance …

  The European Union’s General Data Protection Regulation (GDPR) is due to come into effect on May 25, 2018, meaning Middle East organizations that handle the personal data of EU residents will have to be compliant. IT teams in the region have more than a year to audit their systems, check existing customer data, and ensure that processes are in …

  Dubai / Emirates Business The Philippines’ leading carrier, Cebu Pacific Air posted a net income of PHP9.8 billion in 2016, up 122% year-on-year, on the back of the strong demand for low-cost air travel and robust growth in ancillary revenues, which include baggage fees, on-board meals and merchandise. Total revenues, which include CEB cargo services and wholly-owned subsidiary Cebgo, …