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Austria

This Month

Austrian Chancellor Karl Nehammer has quit.

Austrian leader quits, in possible boost for far-right Freedom Party

The move raises the chances of repeat elections and may further boost support for the far-right Freedom Party, which won the most seats at the last ballot.

  • Updated
  • Marton Eder and Jonathan Tirone

December 2024

Expatriate Syrians gather in Berlin this week to celebrate the fall of the Assad regime.

‘We need time’: Syrians in Europe resist calls to return home

Those who fled the 13-year civil war pointed to the political uncertainty after a rebel offensive swept into Damascus over the weekend.

  • Laura Pitel, Eleni Varvitsioti and Amy Kazmin

November 2024

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Why Brits can’t buy new Jaguars for more than a year

The storied British brand is going dormant until 2026, when it will re-emerge selling only higher-end electric vehicles.

  • Jamie Nimmo

October 2024

Up for sale: The Chrysler building is one of the most iconic skyscrapers in Manhattan.

Tussle for control of New York’s famed Chrysler Building

Legal disputes and ruthless manoeuvres are commonplace in the cutthroat world of New York real estate. Now the fate of a famous skyscraper hangs in the balance.

  • Philip Kaleta
Poker machine and pub baron Bruce Mathieson.

Billionaire Bruce Mathieson’s rare Viennese cancer treatment

The pub entrepreneur has taken to a “copper igloo” in Europe to treat an aggressive blood cancer.

  • Mark Di Stefano
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German police check a tramway arriving from France at the German-French border in Kehl, Germany.

Germany ‘reopens old wounds’ with border checks

There are fears for the future of Schengen and the freedom of movement it symbolises – regarded by EU citizens as one of the greatest accomplishments of European unity.

  • Guy Chazan, Laura Dubois and Raphael Minder

September 2024

Herbert Kickl, leader of the Freedom Party of Austria, centre, celebrates with supporters during an election night rally in Vienna.

Austrian far right wins vote, but won’t form government

Despite the Freedom Party winning the most votes for the first time in a national election, its leader, Herbert Kickl, appears unlikely to play a role in the next cabinet.

  • Marton Eder and Jonathan Tirone
Federal Reserve Board Chairman Jerome Powell.

Did central banks get the inflation crisis right?

Rate-cutting cycles in recent decades – such as in the early 2000s, or during the financial crisis of 2007 – have tended to be associated with steep economic downturns.

  • Sam Fleming, Colby Smith and Olaf Storbeck
An aerial view of a flooded neighbourhood in Ostrava, Czech Republic.

Death toll mounts in Central Europe floods

The flooding has swamped parts of Austria, the Czech Republic, Poland and Romania as a low-pressure system crossing the region has unleashed record-high rains.

  • Karel Janicek and Monika Scislowska

August 2024

 Taylor Swift performs at Wembley Stadium as part of her Eras Tour in June.

Taylor Swift concerts cancelled over terrorist attack fears

Two suspects were arrested one day before the singer’s first concert date in the Austrian capital Vienna.

  • Alexandra Schwarz-Goerlich and Riham Alkousaa

April 2024

Discounter Aldi.

Aldi pays mega $420m dividend to offshore parent

Newly released accounts reveal the discount supermarket chain made a hefty capital return to Austrian company Hofer KG in 2023.

  • Carrie LaFrenz

January 2024

Has skiing become too fast and too furious?

Many report the 2022-23 season in France was one of the worst yet. Not for conditions, but for people behaving recklessly on the slopes.

  • Matthew Bell

December 2023

Top left: Signa’s Upper West high-rise building in Berlin.

Signa’s lofty property valuations point to brutal pain to come

The gap between book values and what buyers are willing to pay for a Berlin trophy tower is further evidence of commercial property’s price reckoning.

  • Jack Sidders

November 2023

Geert Wilders, leader of the Party for Freedom, known as PVV, talks to his supporters after his election win this week.

Europe’s far-right populists buoyed by Wilders’ win in Netherlands

There is hope in the air again for nationalist conservative populists, especially with a European Parliament election coming up in June.

  • Raf Casert

October 2023

Palestinians in Rafah mourn relatives killed in the Israeli bombardment of the Gaza Strip this week.

Netanyahu lobbied EU to pressure Egypt into accepting Gaza refugees

The idea, which he put forward in meetings with European officials last week, was floated by countries including the Czech Republic and Austria.

  • Henry Foy, Leila Abboud, Donato Paolo Mancini and Andrew England
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September 2023

ICBC and Bank of China account for most of the new lending to Russian banks.

Chinese lenders extend billions of dollars to Russian banks

The moves by four of China’s biggest banks are part of Beijing’s efforts to promote the renminbi as an alternative global currency to the dollar.

  • Owen Walker and Cheng Leng

August 2023

Arriving in Australia more than two decades ago, Anna McGrath is now running the discount chain locally and is one of the global company’s most senior women.

Meet the woman tasked with steering Aldi to new heights

Arriving in Australia more than two decades ago, Anna McGrath is now running the discount chain locally and is one of the global company’s most senior women.

  • Carrie LaFrenz

June 2023

UBS says some companies ave already positioned themselves well to benefit from the boom in generative artificial intelligence.

Woolies and Telstra among leaders as UBS analyses global AI stars

New research from the investment banking giant has revealed a dramatic surge in companies trying to adopt generative AI, with some better positioned to capitalise than others.

  • Paul Smith

May 2023

Vienna becomes epicentre of Europe’s housing woes

Europe’s housing markets have been thrown into turmoil since the end of the cheap-money era.

  • Jack Sidders, Ainhoa Goyeneche and Marton Eder

January 2023

An elderly man takes a rest in a corridor in an emergency ward in Beijing.

China vows ‘final victory’ over COVID as outbreak raises global alarm

World Health Organisation officials met Chinese scientists amid concern over the accuracy of China’s data on the spread and evolution of its outbreak.

  • Bernard Orr and Liz Lee

Original URL: https://www.afr.com/topic/austria-6gi