Tags: China
AltaGas LNG export plans on hold over import tax dispute
AltaGas Ltd has put its investment plan of C$600 million ($464mn) on hold over an ongoing dispute over the tax on imported equipment. AltaGas has drawn a plan to export Liquefied Natural gas (LNG), but couldn't take it forward as it's involved over a tax dispute with the government. AltaGas is optimistic that the dispute will be resolved shortly and expected to take the project off in November.
Anheuser-Busch InBev's takeover of SABMiller to realign global beer industry
Anheuser-Busch InBev's plan to acquire SABMiller Plc is expected to change the business dynamics in the global beer industry. Anheuser-Busch InBev is a multinational beverage and brewing company's takeover is considered to be the largest one this year and fourth largest takeover in the corporate history. Anheuser-Busch InBev is acquiring SABMiller for $104.2 billion.
Beware of USB Killer Version 2.0: It can burn your laptop
A Russian researcher nicknamed Dark Purple launched a new version of computer killer: USB Killer version 2.0. The first version of USB Killer was announced on March 2015. Instead of storing data, 'killer USB' causes serious damage on a laptop or computer.
Volkswagen emissions scandal alarms China quality watchdog
In China, the process in Volkswagen AG's diesel cars designed to fool emissions test greatly worries its quality watchdog. It said on Monday that these vehicles need to take specific follow-up measures.