October 6, 2020 - Biz in 60

Anti-virus software creator McAfee arrested for tax evasion Anti-virus software entrepreneur John McAfee has been arrested in Spain over tax evasion charges in the US. McAfee was accused of failing to file tax returns from 2014 to 2018 and hiding assets including a yacht and real estate from US authorities. He's being held pending extradition and could face up to six years in prison if found guilty. The Australian government has pledged billions in tax cuts and measures to boost employment in its latest budget, hoping to revive the economy during the pandemic. The measures are forecast to push the budget deficit to a record 153-billion- dollars for the fiscal year ending June 2021. Australia is grappling with its first recession in three decades, with unemployment hitting a 22-year high. France's Engie sells $4B stake in Suez to Veolia French water and waste firm, Veolia, has acquired Engie's 30-percent stake in rival, Suez, for 4-billion- dollars. The deal comes after Veolia sweetened its previous bid by 16-percent, and offered guarantees on employment. The move could pave the way for a full takeover as Veolia looks to become a global leader in waste and water management.