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☆ A paralyzed woman couldn't speak for more than 20 years. With AI, now she can — just by thinking.
▼ + stars: | 2023-09-11 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

A development in neurotechnology has given a stroke survivor her voice back after nearly 20 years. The woman had a brain stem stroke that left her paralyzed and unable to speak at age 30. Her new implant uses AI to decode brain signals and convert them to computerized speech. AdvertisementAdvertisementThe neurotechnology uses artificial intelligence to decode the woman's brain signals while she tries to speak. It's amazing I have lived this long; this study has allowed me to really live while I'm still alive!"

Persons: Ann Johnson, Johnson, hasn't, Dr, Edward Chang, Chang, Neuroengineering, didn't, I'm Organizations: Service, Nature, University of California San, University of California, of California San, UCSF, UCB, Austria's, Bio, German Research Foundation, United Nations Locations: neurotechnology, Wall, Silicon, University of California San Francisco, University of California Berkeley, of California San Francisco, UCSF, Austrian, United

☆ Austria's Former Foreign Minister to Move to St. Petersburg - TASS
▼ + stars: | 2023-09-11 | by ( Sept. | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - Former Austrian Foreign Minister Karin Kneissl will move to St. Petersburg to work at an academic centre there which she heads, the Russian TASS state news agency reported on Tuesday. "I co-founded the G.O.R.K.I. center and manage it," TASS quoted Kneissl as saying. "Since there is a lot of work there and it requires a lot of attention, I cannot do this in passing, I decided to move to St. Petersburg for this work."

Persons: Karin Kneissl, Kneissl Organizations: Reuters, Austrian, Russian TASS, TASS Locations: St, Petersburg

European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council's monetary policy meeting at the ECB headquarters in Frankfurt, Germany, July 27, 2023. "It's such a close call between the pause and the rate hike," said ING's global head of macro Carsten Brzeski. Traders are torn but favour an ECB pause, pricing in around a 40% chance of a hike. For many economists, one thing is clear: if the ECB has further tightening to deliver, September is likely its last chance. Even the hawks, keeping a hike on the table, say fresh ECB projections on Thursday are key to the decision.

Persons: Christine Lagarde, Kai Pfaffenbach, Reinhard Cluse, Mario Centeno, Isabel Schnabel, Austria's Robert Holzmann, Iain Stealey, Philip Lane, Kaspar Hense, Yoruk Bahceli, Stefano Rebaudo, Dhara Ranasinghe, Susan Fenton Organizations: European Central Bank, ECB, REUTERS, Central Bank, Traders, UBS, JPMorgan Asset Management, Reuters, ING, BlueBay Asset Management, Reuters Graphics Reuters, Thomson Locations: Frankfurt, Germany, Italy

But speaking on Wednesday, the last day before the ECB's self-imposed quiet period, the Dutch, French, German and Slovak central bank chiefs all said the Governing Council's decision was still open. France's Francois Villeroy de Galhau hinted that a fresh rate hike could still come at a later date and argued that the slowdown is not a recession and that the ECB needed to persevere in its fight with inflation. Slovakia's Peter Kazimir, an outspoken policy hawk, was more explicit, arguing that another hike was still needed to tame inflation. He said the ECB could delay a rate rise to one of its autumn meetings or pull the trigger next week. "It would be wrong to bet on a rapid decrease in interest rates after the peak," Nagel told German business daily Handelsblatt.

Persons: Nagel, France's Francois Villeroy de Galhau, Peter Kazimir, Kazimir, Klaas Knot, Bundesbank, Joachim Nagel, " Nagel, Robert Holzmann, Mario Centeno, Akanksha Khushi, Catherine Evans Organizations: Central Bank, ECB, Bloomberg, Reuters Global Markets, Thomson Locations: FRANKFURT, PARIS, Slovak

☆ Russia says it won't let foreign banks leave easily
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +1 min

Russian Deputy Finance Minister Alexei Moiseev attends a session of the annual international military-technical forum "ARMY" at Patriot Expocentre in Moscow Region, Russia August 22, 2018. REUTERS/Maxim Shemetov/File photo Acquire Licensing RightsMOSCOW, Sept 1 (Reuters) - Russian Deputy Finance Minister Alexei Moiseev said on Friday that the government would not allow foreign banks to leave Russia easily. "We have stated our position and it stands - we will be tough in letting foreign banks go, it will depend on the decision to unfreeze Russian assets," Moiseev said, speaking at a forum. Responding to questions about applications to sell assets, Moiseev said Austria's Raiffeisen Bank (RBIV.VI) had not made such a request. "I am aware of one foreign bank's application to sell assets ... which is under consideration by the government commission," he said.

Persons: Alexei Moiseev, Maxim, Moiseev, Austria's, Elena Fabrichnaya, Felix Light, Bobrova, Hugh Lawson, Kevin Liffey Organizations: REUTERS, Rights, Austria's Raiffeisen Bank, Thomson Locations: Moscow Region, Russia, Ukraine, Western, Russian

☆ Stubborn euro zone inflation fails to settle ECB rate debate
▼ + stars: | 2023-08-31 | by ( Balazs Koranyi | ) www.reuters.com time to read: +4 min

The ECB has raised rates at its fastest pace on record in the past year, taking them to a more than two-decade high. "We still do not expect the Governing Council to raise key rates further at its September meeting." "The latest inflation figures raise the probability of a new increase in interest rates in September," Diego Iscaro at S&P Global Market Intelligence said. "However, this is far from a done deal, and a rapidly deteriorating economic background will still give doves in the ECB's Governing Council plenty of ammunition to argue for a pause." "This decline could counteract our efforts to bring inflation back to target in a timely manner."

Persons: Eric Gaillard, Robert Holzmann, Holzmann, Christoph Weil, Diego Iscaro, Isabel Schnabel, Schnabel, Balazs Koranyi, Catherine Evans Organizations: REUTERS, Rights, Central Bank, ECB, Reuters Global Markets, P Global Market Intelligence, Thomson Locations: Nice, France, Austria's, ECB's, Frankfurt

☆ Austria's Uniqa and Raiffeisen to sell stake in Raiffeisen Life to Russian insurer
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of the Austrian insurer Uniqa is seen in front of its headquarters in Vienna, Austria, March 10, 2016. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsAug 24 (Reuters) - Austria's Uniqa (UNIQ.VI) and Raiffeisen Bank (RBIV.VI) are to sell their stakes in Raiffeisen Life to Russian insurer Renaissance Life, becoming the latest move by Western companies to pare back business in Russia. Uniqa held 75% of Raiffeisen Life and RBI held the remaining 25%. "This means we are withdrawing from Russia," Uniqa's Management Board Member for Customers & Markets International Wolfgang Kindl said in the statement. In the first six months of 2023, Uniqa's technical result in Russia shrank to 5.8 million euros ($6.30 million) from an adjusted 8.5 million euros in the first half of 2022.

Persons: Leonhard Foeger, Uniqa, Wolfgang Kindl, pare, Tristan Veyet, Alexandra Schwarz, Andrey Sychev, David Evans Organizations: Uniqa, REUTERS, Raiffeisen Bank, Customers, Markets, Kremlin, Erste Group, Thomson Locations: Vienna, Austria, Western, pare, Russia, Ukraine, Gdansk

☆ 2 Gen Xers who joined the wave of Americans moving to Austria explain how it's improved their quality of life and given them a fresh start in their careers
▼ + stars: | 2023-08-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Two Gen Xers who moved to Austria from the US said they had more freedom and fewer anxieties. But after some thought, the 53-year-old decided to move up his retirement plans and relocate to his wife's home country of Austria. Many Americans are moving to Austria recently for employment opportunities and to improve their quality of life. Austria also ranks in the top 10 globally for safety, healthcare, and infrastructure, which Barnett said was "super rare." "I don't have any interest in leaving Austria," Valentine said.

Persons: Xers, Michael Valentine, he's, Valentine, Jen Barnett, Barnett, Austria's, it's, Michael Valentine Valentine, acclimated, workweek, Lewis, Rick Lewis Rick Lewis Organizations: Service, US, University of Innsbruck Locations: Austria, Europe, Vienna, Innsbruck, Wall, Silicon, Michigan, Linz, America, Innsbruck Valentine, Italy, Croatia, Detroit, China, Ohio, Austrian, South Korea, Switzerland, Russia, Bahamas, Africa

☆ Arnautovic joins Inter on loan from Bologna
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - International Friendly - Austria v Scotland - Ernst Happel Stadium, Vienna, Austria - March 29, 2022 Austria's Marko Arnautovic during the warm up before the match REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsAug 16 (Reuters) - Inter Milan have signed Austrian forward Marko Arnautovic from Bologna on loan, both Serie A clubs said on Wednesday. Italian media reported that Inter paid Bologna about 10 million euros ($10.87 million) for the 34-year-old with an obligation to make the deal permanent if certain conditions are met. "A physically imposing but technically-gifted player, Marko is the complete striker and is equally talented with both feet," Inter said in a statement. Arnautovic has won 108 caps for Austria, scoring 34 goals. Inter signed French forward Marcus Thuram on a free transfer earlier in the current window.

Persons: Ernst Happel, Austria's Marko Arnautovic, Leonhard Foeger, Marko Arnautovic, Arnautovic, Jose Mourinho, Marko, Marcus Thuram, Tommy Lund, Ed Osmond Organizations: Soccer Football, Scotland, REUTERS, Inter Milan, Serie, Inter, Bologna, Austria, French, Thomson Locations: Austria, Vienna, Austrian, Bologna, San Siro, Gdansk

This would boost the oil giant's non-binding bid to about 11.6 billion euros ($12.63 billion), the people said. The indication of a raised offer is, however, not in writing, the people cautioned, adding that Covestro will take time to consider any next steps. ADNOC last raised its informal offer to 57 euros per share in July. Covestro shares jumped about 4.2% in a volume spike after Bloomberg News first reported that ADNOC was prepared to sweeten its offer. Earlier in August, Covestro reported a 21% fall in revenues to 3.7 billion euros in the second quarter.

Persons: Toru Hanai, ADNOC, Covestro, Austria's, Emma, Victoria Farr, Maha El Dahan, Yousef Saba, Tomasz Janowski Organizations: REUTERS, Abu Dhabi National Oil Co, Reuters, Bloomberg News, Thomson Locations: Gastech, Chiba, Japan, FRANKFURT, DUBAI, Abu Dhabi, Frankfurt, Maha, Dubai

☆ Exclusive: Intesa closer to gaining Moscow's OK for Russia asset transfer -source
▼ + stars: | 2023-08-10 | by ( Valentina Za | ) www.reuters.com time to read: +3 min

The logo of bank Intesa Sanpaolo is seen in Milan, Italy, January 18, 2016. A spokesperson for Intesa Sanpaolo declined to comment. Pressured by European banking supervisors to cut ties with Russia, Intesa has been working on reducing its exposure, which also includes cross-border loans. Local loans totalled 100 million euros, down 66% from a year before. Russian media has previously reported on possible exit options, including the potential transfer to local management led by Intesa Russia Chairman Antonio Fallico.

Persons: Stefano Rellandini, MILAN, Intesa, Intesa Sanpaolo, Vladimir Putin, Antonio Fallico, Fallico, Valentina Za, Bernadette Baum Organizations: REUTERS, Reuters, UniCredit, Raiffeisen Bank, Intesa, European Central Bank, Thomson Locations: Milan, Italy, Moscow, Ukraine, Russia, Intesa, Russian

☆ Denmark beat Italy in men's team pursuit to avenge Olympic defeat
▼ + stars: | 2023-08-05 | by ( Martyn Herman | ) www.reuters.com time to read: +1 min

GLASGOW, Aug 5 (Reuters) - Denmark reclaimed their world title in men's team pursuit as they defeated Olympic champions Italy in the final at the UCI World Championships in Glasgow on Saturday. In a repeat of the gold-medal battle at the Tokyo Games in 2021 which Italy won in a world record time, Denmark exacted revenge as they reeled in the Azzuri to win comfortably. Denmark also won the title in 2020 and were favourites going into the Olympics. In the women's team pursuit final later, Britain -- led by local favourite Katie Archibald -- take on New Zealand, seeking to win the title for the first time since 2014. Austria's Valentina Holl won the women's title.

Persons: Lasse Leth, Niklas Larsen, Rasmus Pedersen, Carl, Frederik Bevort, Chris Hoy, Filippo Ganna, Katie Archibald, Charlie Hatton, Hatton, Austria's Andreas Kolb, Valentina Holl, Martyn Herman, Hugh Lawson Organizations: GLASGOW, Olympic, Italy, UCI, Tokyo Games, New Zealand, Australia, Thomson Locations: Denmark, Glasgow, Tokyo, Italy, Britain, New Zealand, Fort William, Glasgow's

☆ Austrian leader backs far-right idea of enshrining cash in constitution
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

Austrian Chancellor Karl Nehammer delivers his speech during a session of the Parliament in Vienna, Austria, May 12, 2023. REUTERS/Leonhard Foeger/File PhotoVIENNA, Aug 4 (Reuters) - Austria's conservative Chancellor Karl Nehammer wants the right to use cash enshrined in the constitution, he told Austrian media in remarks published on Friday, an idea the far-right Freedom Party has been pushing for years. Most opinion polls show the anti-immigration Freedom Party (FPO) in first place with a clear lead over the opposition Social Democrats and Nehammer's conservatives, who are in a two-party coalition with the left-wing Greens. "The issue of cash is very important to people," Nehammer told Austrian media, including news agency APA. "It is important to me that cash be written into the constitution," APA quoted him as saying.

Persons: Karl Nehammer, Leonhard Foeger, Nehammer, Magnus Brunner, Herbert Kickl, Francois Murphy, Christina Fincher Organizations: REUTERS, Austrian, Party, Social Democrats, Greens, APA, Thomson Locations: Vienna, Austria

☆ The biggest Western bank still operating in Russia gave its employees an extra $220 million over the last 6 months. That's an average of $24,000 per employee.
▼ + stars: | 2023-08-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Raiffeisen Bank spent $220 million more in staff costs for the Russian market in the first half of 2023. The Austrian bank is the largest Western bank still operating in Russia. And though the increase in headcount is minuscule, the bank's staff cost doubled during the reporting period, the Financial Times reported Tuesday. Raiffeisen Bank — the largest Western bank still operating in Russia, per Reuters — is still profitable in the country. Profits after tax at Raiffeisen's Russian business rose 9% on-year to 685 million euros in the first six months of the year.

Persons: It's, Raiffeisen, Reuters —, Johann Strobl, Strobl Organizations: Raiffeisen Bank, Service, Staff, Austria's Raiffeisen Bank, Financial Times, Raiffeisen, Reuters, New York Times Locations: Austrian, Russia, Wall, Silicon, Russian, Vienna, Ukraine

☆ Europe's sleeper train network is expanding. Can it go the distance?
▼ + stars: | 2023-07-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

For more than a century, sleeper trains have provided a way for everyone, from budget backpackers to royals, to get around Europe. Mounting cost issues led several big operators — such as Germany's Deutsche Bahn — to scrap them over the last decade. Hopes are now building that the night train is heading in a new direction. Large operators like Austria's ÖBB have also committed to their night train products, rolling out modern carriages with improved amenities. So, are sleeper trains back on track?

Organizations: Deutsche Bahn Locations: Europe, Brussels, Berlin

☆ ADNOC has upper hand in $30 bln plastics M&A
▼ + stars: | 2023-07-24 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

The complex ownership structure and the involvement of two governments make it intriguing to see who holds the whip hand. ADNOC owns 54% of Abu Dhabi-listed Borouge, while 36% of the same company is held by Borealis, with other investors accounting for the other 10%. Meanwhile ADNOC owns 25% of Borealis, while OMV holds the other 75%. Strip out Borouge's dividend, and Borealis would be worth $10 billion, Deutsche Bank reckons. ADNOC’s 63% Borouge stake and 25% Borealis stake are thus worth $14 billion and $2.5 billion respectively; OMV’s 27% Borouge stake and 75% Borealis holding are worth $6 billion and $7.5 billion.

Persons: ADNOC, OMV, Goldman Sachs, China's Sinopec, Saudi Arabia's SABIC, Abu Dhabi, Abu Dhabi’s, George Hay, Pranav Kiran Organizations: Reuters, Abu, Abu Dhabi National Oil Company, Borealis, Reuters Graphics Reuters, Deutsche Bank, Abu Dhabi National Oil Co, OMV, ADNOC, Thomson Locations: Abu Dhabi, Austrian, Borealis, Borouge, Saudi, India, Abu, Europe, Vienna, ADNOC

☆ Romp in the rain as American Harman wins Open
▼ + stars: | 2023-07-23 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

It's just always bugged me but I was really proud of the way that I struck the ball today. Few of the thousands huddled under a sea of umbrellas would have tipped world number 26 Harman to win before the tournament. Likewise, Young, Rahm, Day and England's Tommy Fleetwood were all unable to hole the putts that would have at least asked some questions of Harman's nerve. But not even a Merseyside monsoon could rain on Harman's parade as he enjoyed a victory march down the last. Shubhankar Sharma tied for eighth place to post the best finish by an Indian at the British Open -- one of only 22 players to finish an attritional Open under par.

Persons: Brian Harman, Phil Noble, Harman, Rahm, Straka, Kim, Brian Harman romped, Spain's Jon Rahm, Austria's Sepp Straka, Tom Kim, Jason Day, Rory McIlroy, Emiliano Grillo, Cameron Young, Brooks Koepka, McIlroy, Young, Tommy Fleetwood, Fleetwood, Scott Tway, Shubhankar Sharma, Martyn Herman, Ken Ferris Organizations: 151st, Royal, 151st Open, REUTERS, Royal Liverpool American, Sunday, Tour, Northern, Local, Thomson Locations: Royal Liverpool, Hoylake, Britain, England, Liverpool, Georgia, South, American, Austrian, Merseyside

☆ Vienna is crawling with Russian spies inviting sources to skiing holidays
▼ + stars: | 2023-07-17 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

Vienna, Austria, has become the prime European city for spies, especially from Russia, to set up. Efforts by local politicians to ban spying have been met with delays as Russia's war continues. Austria has expelled only four Russian spies posing as diplomats, while neighbors equipped with more robust laws have expelled over 400 spies since the start of Russia's war, the Times reported. There are 180 accredited Russian diplomats in Vienna, and a third of them are assumed to be spies, per the report. Recently, Chinese, Saudi, Iranian and Israeli spies have also benefitted from the power vacuum in Vienna, the Times reported.

Persons: Vienna's, Egisto Ott, Gustav Gressel Organizations: Service, Times, International Atomic Energy Agency, Washington Post, European Council, Foreign Relations, Austrian, Green Locations: Vienna, Austria, Russia, Wall, Silicon, Ukraine, Russian, Germany, Saudi, Western

RBI has not yet outlined its plan to supervisors at the European Central Bank (ECB), two people with knowledge of its dealings with the central bank said, making a spin-off unlikely by September. Furthermore, the approval of Russia's central bank, finance ministry and, in the event of a sale, even Russian President Vladimir Putin, will be needed before RBI acts. The ECB urged RBI not to pay a dividend this year because of its concerns over Russia, one of the people said. Austria's central bank and the ECB declined to comment. Another source said he has urged the U.S. not to pressure RBI.

Persons: Raiffeisen, Vladimir Putin, UniCredit, month's Wagner, Robert Holzmann, Christine Lagarde, Magnus Brunner, Brian Nelson, Francesco Canepa, John O'Donnell, Alexander Smith Organizations: Raiffeisen, Reuters, Austrian, European Central Bank, ECB, Treasury, Foreign Assets, OFAC, U.S, Thomson Locations: VIENNA, Russia, Austria, Moscow, U.S, Ukraine, Europe, Washington, Vienna, Soviet, Austrian, United States, Frankfurt

☆ Tsitsipas needs two days to beat Thiem in five sets
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +3 min

The 24-year-old Greek, chasing a maiden Grand Slam title, will next play two-time Wimbledon champion Andy Murray on Centre Court on Thursday. They both refused to buckle in the fourth, taking it into a tiebreak where Thiem prevailed to force a decider. Thiem had one chance to break at 3-3 but then handed a match point to Tsitsipas a little later with a double fault at 6-5. He saved another at 9-7 in the tiebreak before the Greek sealed it on the third attempt. Reporting by Karolos Grohmann; Additional reporting by Martyn Herman Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Tsitsipas, Austria's Dominic Thiem, Andrew Couldridge, Dominic Thiem of, Andy Murray, Dominic, I'm, I've, Thiem, Roger Federer, Rafa Nadal, Novak Djokovic, Rain, Karolos Grohmann, Martyn Herman, Toby Davis Organizations: Lawn Tennis, Croquet Club, Austria's Dominic Thiem REUTERS, Wimbledon, Centre, Thomson Locations: London, Britain, Dominic Thiem of Austria, Murray, Madrid

☆ Romania's Hidroelectrica tops $10 billion valuation in 'historic' IPO
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

BUCHAREST, July 5 (Reuters) - Romanian energy producer Hidroelectrica's IPO has been priced at 104 lei ($22.87) per share, it said on Wednesday, implying a market capitalisation of $10.3 billion in what a government minister described as a "historic success." "We are happy to see the strong investor interest which has driven a successful outcome," said Chief Executive Bogdan Badea. The stock will start trading on July 12 on the Bucharest bourse. The government will retain its 80% holding in the country's largest energy producer, which has power capacity of 6.3 gigawatts from 182 hydroelectric plants. The performance of the shares once they start trading will be watched closely.

Persons: Bogdan Badea, Fondul Proprietatea, Franklin Templeton, Sebastian Burduja, Austria's Verbund, Luiza Ilie, Pablo Mayo, Alexandra Schwarz, David Goodman Organizations: Bucharest bourse, U.S, EU, Bucharest Stock Exchange, Romanian Energy, CAB Payments, Bankers, Vienna Stock Exchange, Pablo Mayo Cerqueiro, Thomson Locations: BUCHAREST, Romanian, Bucharest, London

☆ Vienna is the world's most livable city — again. Here are the other top spots
▼ + stars: | 2023-06-22 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

Austria's Vienna has come up on top again as the best city to live in globally, according to a report by the Economist Intelligence Unit (EIU). Austria's Vienna has come up top again as the best city to live in globally, according to a report by the Economist Intelligence Unit (EIU). Copenhagen also retains its position as the second most livable city in the world, while Australian cities Sydney and Melbourne broke into the top five. Hong Kong also moved 13 places up the rank to 61st most livable city in the world. Decline in stability scoresWhile health-care, education, infrastructure, culture and entertainment scores saw improvements in the past year, stability saw a "marginal decline," said the EIU.

Persons: New Zealand's Wellington, CNBC's, EIU Organizations: Austria's, Economist Intelligence Unit, Melbourne, Germany's Locations: Austria's Vienna, Copenhagen, Sydney, Vienna, Austria, Denmark, Melbourne, Australia, Vancouver, Canada, Zurich, Switzerland, Calgary, Geneva, Toronto, Osaka, Japan, Auckland, New Zealand, Asia, Pacific, New Zealand's, Hong Kong, Western Europe, Germany's Frankfurt

☆ Attack on Vienna's pride parade prevented, security services say
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

VIENNA, June 18 (Reuters) - Austrian security services said on Sunday they had thwarted a planned attack on Saturday's pride parade in the capital. "Through the successful and also timely intervention, we managed to defuse the moment of danger for Vienna Pride and to ensure the safety of all participants," said Omar Haijawi-Pirchner, Austria's domestic intelligence chief. He did not give details of what the attack would have consisted of, but said items prohibited under Austria's weapons law were seized in searches carried out at the suspects' homes. Vienna police and Austria's state protection service were involved in the operation. The three suspects - Austrian citizens with Bosnian and Chechen roots - sympathise with the Islamic State militant group, Haijawi-Pirchner said.

Persons: Omar Haijawi, Pirchner, Noele, Frances Kerry Organizations: Vienna Pride, Islamic State, Thomson Locations: VIENNA, Austrian, Vienna, Bosnian, Chechen

☆ Martin wins in Germany after thrilling duel with Bagnaia
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

[1/3] MotoGP - German Grand Prix - Sachsenring, Hohenstein-Ernstthal, Germany - June 18, 2023 Prima Pramac Racing's Jorge Martin celebrates on the podium after winning the race REUTERS/Lisi NiesnerHOHENSTEIN-ERNSTTHAL, Germany, June 18 (Reuters) - Spaniard Jorge Martin won the German Grand Prix for Pramac Racing after a thrilling duel with Ducati's reigning MotoGP champion Francesco Bagnaia of Italy on Sunday. The pair crossed the line just 0.064 of a second apart, their bikes also touching in the heat of battle two laps from the chequered flag. Martin's French team mate Johann Zarco completed the podium at the Sachsenring circuit as Ducati riders filled the top five places and eight of the top nine. Bagnaia's championship lead was cut to 16 points as Martin, winner of the Saturday sprint, celebrated a weekend double and his first grand prix victory since the Styrian round at Austria's Red Bull Ring in August 2021. Reporting by Alan Baldwin in London, Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Pramac Racing's Jorge Martin, Lisi Niesner HOHENSTEIN, Jorge Martin, Francesco Bagnaia, Johann Zarco, Martin, Alan Baldwin, Hugh Lawson Organizations: Pramac Racing, Ducati's, Sunday, Ducati, Thomson Locations: Ernstthal, Germany, ERNSTTHAL, Italy, London

☆ ECB policymakers line up behind rate hike plans
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +3 min

Underlying inflation eased to 5.3% in May, but a big chunk of the drop was due to a one-off administrative discount in German transport prices. Wunsch has said in the past that the ECB's deposit rate could hit 4% if underlying inflation did not moderate. Joining the chorus behind rate hikes, Estonian central bank chief Madis Muller said more rate action is needed. "Euro zone interest rates have not yet peaked," Muller said in a statement. "The ultimate goal is clear for the central bank - we need to quickly get the price rise under control."

Persons: Joachim Nagel, Pierre Wunsch, Wunsch, Austria's Robert Holzmann, Gediminas Simkus, Madis Muller, " Muller, Balazs Koranyi, Andrius Sytas, Julia Payne, Francois Murphy, Terje Solsvik, Alex Richardson, Toby Chopra, Jan Harvey Organizations: Central Bank, ECB, Thomson Locations: FRANKFURT, Belgian, U.S, Estonian

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