Oil approaches $61 in afternoon European trading as investors eye US inventories

VIENNA — Oil prices rose to near $61 a barrel Wednesday as investors looked to a weekly inventory report for clues on U.S. gasoline demand.

25 hurt as lightning strikes Austrian football field

VIENNA - A thunderbolt hurt 25 Austrian football players and spectators when it struck during a match Tuesday evening, the rescue service in the town of Leoben said.

Young Indian entrepreneur ‘Makes a Difference’ in Vienna

VIENNA - Bangalore-based Suhas Gopinath, 23, who shot to fame as one of the youngest CEOs in the world, has added another feather to his cap. He has been given the first Make a Difference award here for supporting young entrepreneurs around the world.

Oil below $60 in noon European trade as investors look to company earnings for demand signs

VIENNA — Oil prices slid well below $60 a barrel Friday as investors braced for company earnings reports next week that will provide clues on the strength of crude demand.

Oil rises but stays below $61 as rising US inventories suggest demand weak

VIENNA — Oil prices steadied but stayed below $61 on Thursday as traders looked for direction after sending the value of crude down 17 percent since last week.

Oil prices rise above $61 in midday Europe trade, recoups some losses

oil

Oil falls below $62 in midday European trade amid worries over slower-than-expected recovery

VIENNA — Oil prices slipped below the $62 a barrel mark Wednesday reflecting growing concerns over a slower-than-expected recovery in the global economy and OPEC predictions of a lasting crimp in world demand.

OPEC forecast for oil demand predicts lasting crimp due to world recession

VIENNA — Demand for OPEC crude has fallen so sharply because of the world recession that it will take another four years to recover to 2008 levels, the 12-nation oil producers’ organization predicted Wednesday.

Oil falls near $62 in midday European trade amid worries over slower-than-expected recovery

VIENNA — Oil prices slipped closer to the $62 a barrel mark Wednesday reflecting growing concerns over a slower-than-expected recovery in the global economy.

Oil rises _ then falls below $63 in afternoon European trade, extending past week’s tumble

VIENNA — Oil shed more than $1 to fall below $63 a barrel Tuesday, adding to a sharp drop over the last week on investor doubts about a global economic recovery.

Oil creeps over $64 in midday European trade, looks for direction after past week’s tumble

VIENNA — Oil prices crept above $64 a barrel Tuesday as traders looked for direction after a 13 percent drop over the last week on investor doubts about a global economic recovery.

Austria aiding US, British prosecutors checking possible Madoff ties to Vienna banker

VIENNA — U.S. and British investigators have joined Austrian prosecutors in examining possible ties between a Vienna fund manager and disgraced financier Bernard Madoff, whose multibillion-dollar Ponzi scheme wiped out thousands of investors and charities worldwide, an official said Monday.

Japan’s Amano confirmed as ElBaradei’s successor at IAEA

VIENNA - Members of the International Atomic Energy Agency unanimously designated Japan’s Yukiyo Amano as the next IAEA chief Friday, ending a rift between developing and industrialised countries over his nomination.

Ailing Austrian Airlines to cut 1,000 jobs by mid-2010 to boost competitiveness

VIENNA — Austrian Airlines, the ailing carrier due to be taken over by Germany’s Lufthansa AG, said Thursday it will cut about 1,000 jobs by mid-2010 as part of an effort to boost its competitiveness.

UN nuclear agency chooses veteran Japanese diplomat as its new director general

VIENNA — The world’s top nuclear watchdog chose Japan’s Yukiya Amano as its next head on Thursday — and he touched on the devastation U.S. atom bombs wreaked on his country in pledging to do his utmost to prevent the spread of nuclear arms.

Japanese diplomat Amano chosen as next IAEA chief

VIENNA - Japanese diplomat Yukiya Amano was chosen as the next leader of the International Atomic Energy Agency (IAEA) Thursday, diplomats said.

Diplomats: UN nuclear agency chooses veteran Japanese diplomat as its new director general

VIENNA — Diplomats say the U.N. nuclear agency’s governing board has chosen a veteran Japanese diplomat as its new head.

Austrian university launches online database to honor students, teachers expelled by Nazis

VIENNA — Kurt Elias vividly remembers the day in 1938 when the Nazis barred him from entering the University of Vienna because he was Jewish.

UN aid agency chief warns of worsening humanitarian conditions for Palestinians in Gaza

VIENNA — The blockade of Gaza is causing severe humanitarian hardship and the situation is getting worse every day, the head of the U.N. aid agency for Palestinian refugees warned on Wednesday.

Analysis: Hopes fading for negotiated solution to Iranian nuclear impasse in wake of crackdown

VIENNA — New waves of acrimony between Iran and world powers over the Islamic Republic’s disputed presidential vote are dimming what were already modest prospects for meaningful negotiations with Tehran over its nuclear program.

Austria: About 1,000 people hold vigil in support of Iranian demonstrators, victims of regime

VIENNA — At least a thousand people have held a vigil in support of Iranian opposition protesters and victims of the country’s regime.

Police attack on black American shows discrimination faced by ethnic minorities in Austria

VIENNA — Mike Brennan was getting off a Vienna subway when two undercover police officers pounced on him, mistaking him for a drug dealer. Months later, the 35-year-old black American is still recovering from his injuries — and waiting for a satisfactory apology.

OPEC oil price rises above $70

VIENNA - The oil price of the Organisation of the Petroleum Exporting Countries (OPEC) rose above $70 again Thursday, the Vienna-based group said Friday.

Developing countries block IAEA plans for n-fuel banks

VIENNA - Developing countries Thursday effectively blocked plans by the International Atomic Energy Agency (IAEA) for nuclear fuel banks that aim to keep countries from acquiring sensitive nuclear technology by offering them alternatives.

ElBaradei lashes out at Israel over bombed site in Syria

VIENNA - International Atomic Energy Agency (IAEA) chief Mohamed ElBaradei lashed out at Israel Thursday over its lack of cooperation in uncovering the truth about an alleged nuclear reactor in Syria.

Israel accuses IAEA chief of political bias in Syrian nuclear probe

VIENNA — Israel accused the head of the U.N. atomic agency of political bias in its probe of Syria Thursday, provoking a bitter response by the agency chief.

Iran urges US to end ‘provocative conduct’ and translate conciliatory words into action

VIENNA — A senior Iranian delegate to the U.N. nuclear watchdog urged Washington on Wednesday to end what he called provocations and act on President Barack Obama’s pledge of honest dialogue with the Islamic Republic.

Austrian court finds man guilty of glorifying Nazi ideology, sentences him to 2 years in jail

VIENNA — An Austrian court has convicted a man of glorifying Nazi ideology and sentenced him to two years in prison.

Russia, China express ’serious concern’ about Korean tensions, urge renewal of 6-nation talks

MOSCOW — Russia and China urged North Korea on Wednesday to return to the negotiating table on the fate of its rogue nuclear programs — an unusual joint appeal from two Security Council members who have resisted more punitive U.S. measures against Pyongyang.

US excoriates North Korea’s nuclear defiance, urges Pyongyang to return to negotiating table

VIENNA — The U.S. urged North Korea on Wednesday to stop its nuclear saber-rattling and negotiate with the world’s great powers, vowing that Washington would never accept Pyongyang as an atomic weapons state.

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