City Vienna Financial News

Brent crude reached $89 per barrel on Tuesday, up from $77 at the end of 2023. Analysts expect a straightforward meeting, supporting the earlier decision to extend output cuts. The meeting is scheduled for 1 p.m.

VIENNA (Reuters) — The centre-left deputy mayor of Salzburg, Bernhard Auinger, beat his Communist rival Kay-Michael Dankl in a run-off vote for mayor on Sunday and pledged to work with him after Dankl focused on high housing costs in one of Austria's hardest-hit cities.

Also Read: Shahid Kapoor and Kriti Sanon's film delivers 3 eye-opening money lessons you can't afford to miss You know that ancient Egyptians, Indians, Chinese as well as the Greeks used the decimal system to calculate numbers. The Mayans used lines and dots, the Chinese depicted numbers with bamboo sticks placed horizontally and vertically in boxes leaving the box empty to say zero! No matter how you count, the number ‘1’ has given us a system of column by column calculations. The binary system uses ones and zeroes.

(Reuters) -Talks related to a planned $30 billion merger between the chemicals arms of Abu Dhabi National Oil Company (ADNOC) and Austrian oil and gas company OMV have stalled in recent weeks, the Financial Times reported on Friday.

By Francois Murphy

The head of Rothschild & Co.’s Canadian office has left the storied investment bank as it grapples with a prolonged slump in dealmaking that’s hurt the entire industry.

loyalty programmes and co-curating unique itineraries, hotel chains and travel companies are tailoring offerings and services to see how they can better manage the expectations of their increasingly younger guests. The average age of the customer, said some of India's travel and hospitality companies, has reduced by a decade in the past five to 10 years. Vishal Suri, managing director of SOTC Travel, said the digital focus of the company has helped attract young customers. «To cater to the unique preferences of this younger and more enthusiastic segment, we are offering co-curated holidays across destinations,» said Suri.

Austrian cooperative bank Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) is allowing clients to trade digital assets using their banking apps using Bitpanda infrastructure starting from today.

Vienna, Jan 19, 2024 -The Swiss watch that got Hollywood star Arnold Schwarzenegger in trouble with German custom officials has been sold for 270,000 euros ($290,000), the actor's charity said Friday. The action hero-turned-environmental campaigner was held at Munich airport Wednesday for failing to declare the bespoke Audemars Piguet timepiece that was being auctioned for his climate charity. Schwarzenegger called his brush with the law a «wild experience» at the charity dinner Thursday where the watch was auctioned, cracking raunchy jokes about a female official who he said «was going to put me in handcuffs», according to a video posted on entertainment website TMZ. «Usually I pay $500 for that,» said the 76-year-old actor, a former governor of California. Schwarzenegger was held for three hours, according to the German media, before being allowed to take the watch to the dinner. The fundraiser for his Schwarzenegger Climate Initiative was held across the border in his native Austria in the Alpine resort of Kitzbuehel, with US climate envoy John Kerry said to be among the guests. «The world's most famous watch was auctioned off for 270,000 euros,» the charity said Friday. «Arnold Schwarzenegger's customs adventure had a happy ending,» it added. Duty should have been paid on the watch because Schwarzenegger was intending to sell it in the European Union, German customs spokesman Thomas Meister said.

ODIGEO, a Spanish online travel booking company, revealed that Taylor Swift's devoted fanbase, known as 'Swifties,' is driving a significant surge in air travel demand across Europe during her 'Eras' tour scheduled between May and August. For instance, the demand for flights to Stockholm during May 17-19, coinciding with Taylor Swift's performance dates, has increased six-fold compared to the same period last year, according to eDreams. Similarly, the demand for flights to Warsaw, Edinburgh, Liverpool, and Paris in the days surrounding Swift's concerts has surged by 339%, 176%, 133%, and 108%, respectively.

Gurpatwant Singh Pannun, a Khalistani terrorist. As reported by ANI, the petition sought consular access, legal aid, and updates on the ongoing extradition proceedings in the Czech Republic. A bench of Justices Sanjiv Khanna and Dipankar Datta said it's a “sensitive" matter and it is for the Central government to take a call if it wants to intervene on the issue.

By Francois Murphy

SEOUL—Food prices have risen so much that Kim Soo-yeon has developed a suspicious new habit at the grocery store. She has taken to shaking bags of her favorite brands of potato chips to see if they feel lighter. “If companies are reducing the amount of food by unnoticeable amounts, it feels deceptive," said the 32-year-old office worker in Seoul.

Making the decision to live and work abroad is a huge undertaking, especially if you’re uprooting your family. And perhaps the biggest question of all is: “Where do we go?”

By Lisandra Paraguassu, Roberto Samora and Sabrina Valle

VIENNA (Reuters) — The management of Signa Holding GmbH will apply to launch self-administrated insolvency proceedings with a Vienna court on Wednesday, the Austrian property group said in a statement.

Warren Buffett's grandfather for 20 cents an hour during the Great Depression to spending more than four decades as Buffett's second-in-command and foil atop Berkshire Hathaway Inc. Munger's family had advised that he died peacefully on Tuesday morning at a California hospital, said Berkshire. The union of Munger with Buffett is among the most successful in the history of business; they transformed Omaha, Nebraska-based Berkshire into a multi-billion dollar conglomerate with dozens of business units. Yet the partnership that formally began when they teamed up in 1975 at Berkshire, where Buffett was chairman and Munger became vice chairman in 1978, thrived despite pronounced differences in style, and even investing. Known almost universally as Charlie, Munger displayed a blunter form of musings, often in laconic one-liners, on investing, the economy, and the foibles of human nature. He likened bankers to uncontrollable «heroin addicts,» called the virtual currency Bitcoin «rat poison,» and told CNBC that «gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939 but I think civilized people don't buy gold. They invest in productive businesses.» Munger was no less pithy in talking about Berkshire, which made both he and Buffett billionaires and many early shareholders rich as well. «I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick,» Munger said in 2010.

NEW DELHI : European multinational companies facing hefty tax demands in India have filed a review petition urging the Supreme Court to follow the Vienna Convention in interpreting the most-favoured nation (MFN) clause in tax treaties, two people familiar with the matter said. Ruling on a batch of five petitions, a landmark 19 October Supreme Court verdict had backed the tax department in the matter, effectively doubling the withholding tax outgo of these companies, and potentially opening up more companies to similar tax demands. The aggrieved companies soon filed review petitions; among them, Steria India challenged a tax ruling pertaining to the India-France tax treaty.

By Foo Yun Chee

The delayed OPEC+ meeting next week will be held online instead of in-person as the cartel wrangles over production levels amid a slump in oil prices.

The Austrian subsidiary of European lender Raiffeisen Bank is preparing to allow its clients to trade cryptocurrencies like Bitcoin (BTC) in the coming months.