The Austrian economy is on track for steady growth of an average 1.7 percent each year until 2021, a leading research institute said on Wednesday.
Australian consumer giant Wesfarmers has set its sights on acquiring home improvement and garden retailer Homebase from British-based Home Retail Group for 340 million pounds sterling (489.90 million U.S. dollars) in cash.
The Federation of Austrian Industries (IV) expects further job cuts in industry leading into summer, IV head economist Christian Helmstein told journalists here on Tuesday.
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