Toshiba increases annual loss forecast to $6bn amid accounting scandal
Japan economy
Tokyo - Arab Today
Toshiba said Thursday it has expanded its full-year loss forecast to an eye-watering $6.0 billion, as one of Japan's best-known firms accounts for an embarrassing profit-padding scandal.
The new forecast -- up from an earlier 550 billion yen ($4.6 billion) net loss -- came as Toshiba said it lost 479.4 billion yen in the nine months to December, reversing a profit from a year earlier.
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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