Chief Correspondent, Vienna, Vienna
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Feb 20, 2014

Slim eyes friendly takeover of Telekom Austria-report

VIENNA, Feb 20 (Reuters) – Billionaire investor Carlos
Slim’s America Movil plans a takeover of Telekom
Austria via an accord with its top Austrian
shareholder that would trigger a public offer, News magazine
reported.

America Movil has said it does not plan a hostile takeover
offer for Telekom Austria, in which it holds 27 percent, but a
friendly or agreed offer for the majority of the Austrian
company has long been expected.

Feb 19, 2014

Austrian president weighs visit to Iran

VIENNA (Reuters) – Austrian President Hans Fischer has been invited to Iran, a country keen to revive ties with the EU member that for centuries was Tehran’s bridgehead to Europe.

If he accepts, he would become the first Western head of state to visit since the election last year of relative moderate President Hassan Rouhani on a platform of relieving Iran’s isolation by engaging constructively with its adversaries.

Feb 12, 2014

Hypo’s Balkans network sale moving ahead – Deutsche Bank

VIENNA, Feb 12 (Reuters) – The sale of Hypo Alpe Adria’s
Balkans banking network is moving ahead, unaffected
by a row over how to handle the group’s chronic need for state
aid, according to a senior executive from Deutsche Bank, which
is handling the deal.

The nationalised Austrian lender sees its network in
southeastern Europe (SEE) as its prime asset as it winds down
other businesses.

Feb 11, 2014

New haul found in Austria home of Munich art hoarder

VIENNA (Reuters) – An elderly German recluse whose spectacular trove of artworks hidden in his Munich flat probably include Nazi loot kept a further 60 paintings in his home in Salzburg, Austrian media reported on Tuesday.

The Salzburg haul includes works by artists such as Monet, Renoir and Picasso, the Austria Press Agency (APA) said quoting a spokesman for Cornelius Gurlitt, whose father, Hildebrand Gurlitt, dealt in “degenerate” art confiscated by Nazi Germany.

Feb 10, 2014

Austrian watchdog warns against letting Hypo go bust

VIENNA (Reuters) – Austria’s markets watchdog has warned the government against letting nationalized lender Hypo Alpe Adria go bust, saying it was impossible to gauge the risks of such a move.

Austria had to nationalize Hypo in 2009 after a decade of breakneck expansion at home and in the Balkans – fuelled by debt guarantees from its home province of Carinthia – pushed the bank to the brink of bankruptcy.

Feb 4, 2014

Two Austrians get kidnap threats on eve of Games

VIENNA/SOCHI, Russia (Reuters) – Two Austrian competitors have received kidnap threats on the eve of the Sochi Winter Olympics, heightening security concerns at the Games and triggering an investigation by counter-terrorism experts.

It was not known who made the threats, in a letter to the Austrian national Olympic Committee, although Islamist militants have warned of attacks to undermine President Vladimir Putin’s hopes of using the Games to show Russia is a safe, modern state.

Feb 4, 2014

Olympics-Two Austrians get kidnap threats on eve of Games

VIENNA, Feb 4 (Reuters) – Two Austrian competitors have received kidnap threats on the eve of the Winter Olympics in Sochi, heightening security concerns at the Games and triggering an investigation by counter-terrorism experts.

It was not clear who made the threats, in a letter to the national Olympic Committee, but Islamist militants have warned of attacks to undermine President Vladimir Putin’s hopes of using the Games to show Russia is a safe, modern state.

Feb 3, 2014

Austria should consider letting Hypo go bust -WIFO head

VIENNA, Feb 3 (Reuters) – Austria should at least consider
allowing troubled lender Hypo Alpe Adria to go bust,
a prominent economist said on Monday, opposing the official line
in an increasingly heated debate about how to handle the
nationalised bank.

The government, central bank and a special Hypo task force
have warned that a Hypo insolvency might trigger a chain
reaction that could suck in other banks and ruin Austria’s
reputation on international capital markets.

Jan 30, 2014

Mozart museum seeks to debunk evil Salieri poison myth

VIENNA, Jan 30 (Reuters) – It’s one of the great mysteries
of music – did composer Antonio Salieri poison his onetime
protege Wolfgang Amadeus Mozart with arsenic?

The famous 1984 Milos Forman film “Amadeus”, based on Peter
Shaffer’s play, leaves little doubt he did. But now the Vienna
museum dedicated to Mozart’s legacy has launched a campaign to
burnish Salieri’s reputation as a supporter of the younger
Austrian genius – and not a jealous villain.

Jan 29, 2014

Ski jumping-Austria’s Iraschko dreams of Olympic flight

VIENNA (Reuters) – Growing up in Eisenerz in Austria’s deep Erzberg valley, Daniela Iraschko never had any doubt that ski jumping was a sport for girls.

Now she is set to join a select group of women competing for the first time for Olympic medals in the event – until now a men-only affair – at the Sochi Games next month.

    • About Michael

      "Mike has worked for Reuters for two decades and reported from more than a dozen countries on business and general news. His beats have included covering the European automotive industry, business news from Switzerland, German defense and security policy, and Hungary's transition to a market democracy after the collapse of communism in eastern Europe"
      Joined Reuters:
      1987
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