Is China finally making headway in its battle against currency outflows? On the surface, yes: People’s Bank of China foreign exchange reserves are effectively unchanged since December at $3 trillion, and data for February released by the State Administration of Foreign Exchange showed a significant narrowing of net outflows of capital based on international bank settlements and sales. That’s ...

  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 ...