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Spain’s growth may top 2.5%
MADRID: Spain’s economy could grow at a rate above 2.5 per cent every year for the next two to four years, economy Minister Luis de Guindos said. The government is expected to update its economic growth forecasts on Friday (March 31) when it presents its 2017 budget proposal, though it will leave the current expectations of 2.5 per cent growth for this year unchanged, de Guindos said. “The growth forecast included in the budget
 
 
New budget test puts UK on frontline of global drug price fight
LONDON: Can society afford modern medicines? It’s a question facing governments worldwide and nowhere more so than in Britain, where a new budget test due to take effect on April 1 threatens to throw up another hurdle to patients getting the drugs. For the last 18 years Britain has led the way in measuring drug cost-effectiveness in a rational and dispassionate way, using a model of economic benefits developed by the National
   
Investors see Gordhan as guarantor of stability
JOHANNESBURG/LONDON: South African President Jacob Zuma has asked Finance Minister Pravin Gordhan to return home “immediately” from an investor roadshow abroad, unnerving financial markets and renewing talk of a cabinet reshuffle. In a short statement on Monday, Zuma’s office gave no reason for the decision. Gordhan is currently in London with business executives and union leaders on the first leg of a no-deal investor roadshow
 
 
Qatar’s $335b fund sees Brexit investment opportunities
LONDON: Qatar’s $335 billion sovereign wealth fund sees opportunities to invest in Britain after Brexit and is looking at infrastructure, healthcare and technology, the fund’s head told a London conference on Monday. The Qatar Investment Authority (QIA) wealth fund has in recent years diversified its portfolio away from Europe towards more investments in the United States and Asia but is still one of the most high-profile Gulf
   
Germany’s Otto sees strong online sales of furniture
BERLIN: Otto, Germany’s second-biggest e-commerce company after Amazon, reported comparable sales rose 5 per cent in its 2016/17 fiscal year, driven by online furniture and fashion and strong growth at its Hermes logistics arm in Britain. Headline sales rose 3.4 per cent to 12.5 billion euros ($13.6 billion) in 2016/17, but increased by 5 per cent on a comparable basis after stripping out the impact of disposals, including
 
 
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