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☆ This Season, Holiday Movies Are Falling for Europe
▼ + stars: | 2023-11-22 | by ( Claire Moses | More About Claire Moses | ) www.nytimes.com time to read: 1 min

And, according to an increasing number of holiday movies, it’s in Europe. In Notting Hill. A jolly good Christmas. A merry Scottish Christmas and even a merry Swissmas. Europe, with its cobblestoned streets (a nightmare in heels), old buildings (no central heating) and Christmas markets (those can be as good as they look onscreen), provides the perfect setting for a magical holiday adventure.

Persons: Noel, ”, Ali Liebert Organizations: Hallmark Locations: Europe, Rome, Vienna, Switzerland, Scotland, Notting Hill, Belgian, Heidelberg, France

☆ Iran's Barring of Inspectors Is Serious Blow to IAEA's Work, Grossi Says
▼ + stars: | 2023-11-22 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Francois MurphyVIENNA (Reuters) - Iran's barring of some of the U.N. nuclear watchdog's most experienced and expert inspectors from the team allowed to operate there is a "very serious blow" to the agency's work, the watchdog's chief Rafael Grossi said on Wednesday. One diplomat put the number of inspectors barred in this wave at eight, all of them French and German. That left only one enrichment expert in the team assigned to Iran, they added. They also were inspectors that were familiar with the facilities, had been there for years inspecting the facilities," the senior diplomat said, referring to the de-designated inspectors. The inspector who spotted that change, a Russian enrichment expert, was de-designated later this year, shortly before the others, numerous diplomats said.

Persons: Francois Murphy VIENNA, Rafael Grossi, Grossi, John Irish, Frances Kerry Organizations: International Atomic Energy Agency, IAEA, Diplomats Locations: Tehran, Iran, Paris

☆ Austria outclass Euro 2024 hosts Germany in 2-0 win
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

VIENNA, Nov 21 (Reuters) - Austria outplayed a toothless Germany to win 2-0 in their friendly on Tuesday, ending their year on a high while piling more pressure on the embattled Euro 2024 hosts who had Leroy Sane sent off early in the second half. Marcel Sabitzer's low drive in the 29th minute put the dominant hosts, who have qualified for the Euros, in front with Germany posing no threat in attack and needing 32 minutes for their first shot on goal. Austria shot out of the blocks and overwhelmed the error-prone Germans with a high-pressing game. While the hosts carved out several chances, including a golden opportunity for Michael Gregoritsch who failed to beat Trapp when one-on-one, Germany had to wait 32 minutes for their first effort towards goal. Germany's disappointing evening was complete when Baumgartner added a second goal, with Austria missing more chances late in the game.

Persons: Leroy Sane, Marcel Sabitzer's, Austria's Christoph Baumgartner, Kevin Trapp, Julian Nagelsmann, Nagelsmann, Michael Gregoritsch, Trapp, Thomas Mueller, Sane, Phillipp, Baumgartner, Karolos, Toby Davis Organizations: Thomson Locations: VIENNA, Austria, Germany, Turkey

☆ Explainer: OPEC+ oil policies: what cuts are already in place and what could change
▼ + stars: | 2023-11-21 | by ( Alex Lawler | ) www.reuters.com time to read: +3 min

This figure includes a 1 million bpd voluntary reduction by Saudi Arabia and a 300,000 bpd cut in Russian oil exports, both of which last until the end of 2023. OPEC+ at its last meeting in June extended oil output cuts of 3.66 million bpd, amounting to 3.6% of global demand, until the end of 2024. That figure comprises a 2 million bpd cut agreed in 2022, and a further 1.66 million bpd in voluntary cuts from nine OPEC+ countries agreed earlier this year. OPEC+ could further revise 2024 targets for Nigeria, Angola and Congo after reviews by outside analysts, it said in June. *** Russia's 500,000 bpd voluntary cut is from March 2023 to December 2024 to around 9.5 million bpd, according to Deputy Prime Minister Alexander Novak.

Persons: Alexander Manzyuk, Alexander Novak, Alex Lawler, Dmitry Zhdannikov, Jason Neely Organizations: REUTERS, OPEC, International Energy Agency, United Arab Emirates, Reuters, Saudi, Thomson Locations: Republic of Tatarstan, Russia, Saudi Arabia, Vienna, OPEC, Nigeria, Angola, Congo, Bahrain, Brunei, Malaysia, Sudan, South Sudan

☆ US existing home sales hit more than 13-year low; prices push higher
▼ + stars: | 2023-11-21 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

"The combination of high prices, high mortgage rates, and millions of homeowners unwilling to move, given they've locked in low rates, has frozen the market," said Robert Frick, corporate economist at Navy Federal Credit Union in Vienna, Virginia. Economists polled by Reuters had forecast home sales would slide to a rate of 3.90 million units. Existing home salesTIGHT SUPPLYThere were 1.15 million previously owned homes on the market last month, down 5.7% from a year ago. Most homeowners have mortgage rates under 5%, making many reluctant to sell. At October's sales pace, it would take 3.6 months to exhaust the current inventory of existing homes, up from 3.3 months a year ago.

Persons: Sarah Silbiger, Robert Frick, Freddie Mac, Lawrence Yun, Yun, Jeffrey Roach, Lucia Mutikani, Paul Simao Organizations: REUTERS, WASHINGTON, National Association of Realtors, Navy Federal Credit Union, homebuyers, Reuters, Treasury, realtors, U.S, Congress, Builders, LPL Financial, Thomson Locations: Washington , U.S, Vienna , Virginia, Northeast, West, Midwest, Charlotte , North Carolina

Ministers from OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, meet on Sunday in Vienna. Robust global oil prices this year and Moscow's growing use of a shadow tanker fleet have meant that much Russian oil has traded mostly above the Western oil cap price. Moscow-based independent oil analyst Alexei Kokin said the oil prices declined from "very comfortable" levels to "just comfortable" levels. Russia has budgeted the price of Urals, its flagship oil grade, at 4,788 roubles ($53.36) per barrel this year. However, the share of energy sales in the federal budget proceeds - which used to exceed 50% of total budget revenue - has drastically declined.

Persons: Alexander Manzyuk, Vladimir Putin, Alexei Kokin, Ronald Smith, Vladimir Soldatkin, Guy Faulconbridge, Jason Neely Organizations: REUTERS, Energy, OPEC, Organization of, Petroleum, BCS, Investments, Brent, Thomson Locations: Republic of Tatarstan, Russia, MOSCOW, Vienna, OPEC, U.S, China, Saudi Arabia, United States, Moscow

☆ Why calls for oil embargo on Israel are unlikely to go anywhere
▼ + stars: | 2023-11-21 | by ( Ahmad Ghaddar | ) www.reuters.com time to read: +4 min

A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) on their headquarters in Vienna, Austria, June 2, 2023. The conflict has led many analysts, oil market watchers and politicians to draw parallels with the 1973 OPEC embargo, when Arab oil producers cut off oil exports to several allies of Israel, including the United States and Britain, following the Israeli-Arab war that year. Analysts and OPEC sources, however, say that the energy world today is far different from 50 years ago, and play down any possibility of a new embargo. Last month, Iranian Foreign Minister Hossein Amirabdollahian urged members of the Organisation of Islamic Cooperation (OIC) to impose an oil embargo and other sanctions on Israel and expel all Israeli ambassadors. The embargo led to severe shortages with long queues forming at gas stations.

Persons: Leonhard Foeger, Israel, Hossein Amirabdollahian, Ayatollah Ali Khamenei, Ebrahim Raisi, JPM Morgan, Giovanni Staunovo, Morgan Bazilian, Mark Heinrich, Jason Neely Organizations: Organization of, Petroleum, REUTERS, Hamas, of, Reuters, Iranian, of Islamic Cooperation, OIC, Arab, Israel, GCC, Gulf Cooperation, UBS, Payne Institute, Thomson Locations: Vienna, Austria, Gaza, Iran, Israel, United States, Britain, Russia, OPEC, Riyadh, Saudi Arabia, Netherlands, Japan, U.S, Asia, China, India

☆ Austria's RBI: realized extra 150 mln euros of property sector risk provisions
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

The logo of Raiffeisen Bank International (RBI) is seen at its headquarters in Vienna, Austria, March 14, 2023. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsVIENNA, Nov 21 (Reuters) - Raiffeisen Bank International (RBI) (RBIV.VI) has realized additional forward-looking risk provisions of around 150 million euros ($163 million) for the real estate sector, the Austrian bank's risk chief, Hannes Moesenbacher, said on Tuesday. Chief Executive Johann Strobl added that these provisions are "on top" and therefore go beyond what can be modelled. "In total, our top five commitments in the real estate sector amount to 2.2 billion euros," said Moesenbacher, who added that number one position amounted to 755 million euros. At its general meeting in March, RBI had decided not to distribute a dividend for the time being due to uncertainties.

Persons: Leonhard Foeger, Hannes Moesenbacher, Johann Strobl, Moesenbacher, Rene Benko, Strobl, Alexandra Schwarz, Miranda Murray, David Evans Organizations: Raiffeisen Bank, REUTERS, Rights, Signa Group, RBI, Thomson Locations: Vienna, Austria, Austrian, Russia

☆ Brent crude futures climb over 2% to gain $2
▼ + stars: | 2023-11-20 | by ( Erwin Seba | ) www.reuters.com time to read: +3 min

Brent crude futures were up $2.00 to $82.61 a barrel by 9:39 a.m. CDT (1539 GMT). Oil prices have dropped by almost 20% since late September while prompt inter-month spreads for Brent and WTI slipped into contango last week. "If additional cuts are agreed, a short-term price boost is expected, but its longer-term price impact seems dubious as enforcement and adherence will be the salient issue." Investors are also keeping an eye on Russian crude oil trade after Washington imposed sanctions on three ships that have sent Sokol crude to India. The number of oil and gas rigs operated by U.S. companies rose last week, the first gain in three weeks, energy services business Baker Hughes said on Friday.

Persons: Leonhard Foeger, WTI, Tamas Varga, Sokol, Baker Hughes, Erwin Seba, Paul Carsten, Florence Tan, Emily Chow, David Goodman, Ed Osmond Organizations: REUTERS, Brent, . West Texas, Reuters, of, Petroleum, Moscow, IIR Energy, Thomson Locations: Vienna, Austria, HOUSTON, Russia, Brent, Washington, India, U.S, East, Gaza, Houston

Oil prices have dropped by almost 20% since late September while prompt inter-month spreads for Brent and WTI slipped into contango last week. "In light of last week's obliteration of oil bulls, some kind of response was forthcoming from the (OPEC) producer group," said Tamas Varga of oil broker PVM. Investors are also keeping an eye on Russian crude oil trade after Washington imposed sanctions on three ships that have sent Sokol crude to India. U.S. energy companies last week added oil and gas rigs for the first time in three weeks, energy services business Baker Hughes said on Friday. The oil and gas rig count serves as an early indicator of future output.

Persons: Leonhard Foeger, Brent, WTI, Tamas Varga, Sokol, Baker Hughes, Paul Carsten, Florence Tan, Emily Chow, David Goodman Organizations: REUTERS, . West Texas, Reuters, of, Petroleum, Moscow, IIR Energy, Thomson Locations: Vienna, Austria, Israel, Russia, Brent, Washington, India, U.S, East, Gaza, London

☆ Belief in right path will pay off for Germany says coach Nagelsmann
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

The Germans suffered a 3-2 loss to Turkey on Saturday in Nagelsmann's first home game since taking over in September. "It is about being convinced of our path and then going out and playing positive games and then going out and playing a positive (Euro) tournament," Nagelsmann told a press conference. "It is always better to win and it gets a bit turbulent when you lose, that's clear," Nagelsmann said. Nagelsmann was more concerned about going four months without a team training camp ahead of a major tournament. "Four months without (a Germany) training session is a bit much but we will have to manage," he said.

Persons: Julian Nagelsmann, Nagelsmann's, Nagelsmann, Kai Havertz, Kai didn't, Hansi Flick, Karolos, Christian Radnedge Organizations: Turkey, Thomson Locations: VIENNA, Germany, Austria, Vienna, USA

☆ Oil prices surge after falling below key threshold as report says Saudi Arabia plans to extend production cuts into 2024
▼ + stars: | 2023-11-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

US and international oil prices jumped on Friday by more than 4% after a week-long slump. Saudi Arabia is considering prolonging production cuts into 2024, the Financial Times reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS and global oil prices surged on Friday following a week-long slump, as the Financial Times reported top producer Saudi Arabia is considering prolonging its production cuts into 2024. Falling oil prices would be the main driver of the cuts, but some members, the report said, are concerned about the Israel-Palestine conflict and the crisis unfolding in Gaza.

Persons: —, Brent, Prince Abdulaziz bin Salam Organizations: Financial Times, Service, West Texas Intermediate, FT, Saudi Locations: Saudi Arabia, OPEC, Vienna, Israel, Palestine, Gaza, Kuwait, Algeria, Iran

☆ ECB hawks push back on early rate cut bets
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

"It would be unwise to start cutting interest rates too soon," Bundesbank President Joachim Nagel said in a speech. Austria's Robert Holzmann was even more explicit, arguing that the second quarter was simply too soon for a rate cut. Asked if he ruled out an interest rate cut in the second quarter of next year, he said: "That would be a bit early." The ECB held rates unchanged in October, snapping a streak to ten straight rate hikes, fuelling market bets that its record-breaking tightening streak is now over and the next move is a cut. Instead of easing policy, the ECB should tighten further, Wunsch argued, by ending early its bond purchases in the 1.7 trillion euro Pandemic Emergency Purchase Programme.

Persons: Joachim Nagel, Ann Saphir, Robert Holzmann, Holzmann, Pierre Wunsch, Wunsch, Nagel, Balazs Koranyi, Francois Murphy, Kirsten Donovan, Andrew Heavens Organizations: European Central Bank policymaker, Kansas City Fed, REUTERS, European Central Bank, ECB, Thomson Locations: Jackson, Jackson Hole , Wyoming, FRANKFURT, VIENNA, Belgian

The stockpile continues to grow, the reports say, even though Iran has consistently denied wanting nuclear arms. "The political debate is really not going to be about negotiating with Iran, it's going to be about confronting Iran," he said. This week's IAEA reports showed Iran was making steady nuclear progress and indicated that Tehran continued to stonewall the agency in monitoring its work. Two diplomats said all that could be done in coming months was to support IAEA chief Rafael Grossi's efforts to strengthen oversight of Iran's nuclear programme. "It's way too early to say whether Iran will become a nuclear state or whether it will stay a threshold state like now," one diplomat said.

Persons: Leonhard Foeger, Biden, Trump, Donald Trump, Joe Biden, Israel, Robert Einhorn, Rafael Grossi's, John Irish, Francois Murphy, Arshad Mohammed, Edmund Blair Organizations: International Atomic Energy Agency, IAEA, REUTERS, Trump PARIS, Reuters, U.S, Hamas, Pentagon, U.S . State Department, IAEA Washington, Governors, Thomson Locations: Vienna, Austria, stoke, WASHINGTON, VIENNA, United States, Tehran, Gaza, Iran, European, Washington, Iraq, Syria, U.S, IRAN, IAEA, stonewall, Paris

☆ Oil prices on track for fourth straight week of decline
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: +1 min

Oil prices were on track for the fourth straight week of decline as they remained little changed in early Asian trade after slipping about 5% to a four month-low on Thursday on worries over global demand. OPEC and the International Energy Agency have both predicted supply tightness in the fourth quarter, but some key economic data from around the world this week showed demand was bleaker than forecast. The oil prices' decline this week was mainly triggered by a steep rise in U.S. crude inventories and production sustaining at record levels, which analysts say triggered concerns of weak demand in the world's largest oil consumer amid high output. JPMorgan commodities research said on Friday its global oil demand tracker showed demand averaged 101.6 million barrels a day in the first half of November, running 200,000 barrels a day lower than its projection for the month. Analysts said that the recent drop in prices is also likely to make Saudi Arabia extend oil output cuts into 2024.

Persons: Brent Organizations: . West Texas, ING, International Energy Agency, Analysts Locations: Saudi Arabia, Vienna

☆ Iran Maintains Steady Expansion of Nuclear Program
▼ + stars: | 2023-11-16 | by ( Laurence Norman | ) www.wsj.com time to read: 1 min

Rafael Grossi, director general of the International Atomic Energy Agency, at the U.N. agency’s Vienna headquarters in September. Photo: alex halada/Agence France-Presse/Getty ImagesIran continued to expand its nuclear program, including its stockpile of near-weapons-grade enriched uranium in recent months, although it hasn’t accelerated the pace of its production of nuclear fuel amid the current turmoil in the Middle East. In its confidential quarterly report circulated to member states, the United Nations nuclear agency also said Tehran has largely refused to cooperate on several outstanding disputes, including the country’s withdrawal of permission for several European inspectors to continue working there.

Persons: Rafael Grossi, alex halada, hasn’t Organizations: International Atomic Energy Agency, Agence France, Getty Images, United Nations Locations: agency’s Vienna, Getty Images Iran, Tehran

FELCSUT, Hungary (AP) — A European Championship qualifying game between Switzerland and Israel ended with a 1-1 draw on Wednesday, a match that brought the Israeli team to Hungary after all scheduled games in Tel Aviv were postponed due to the Israel-Hamas war. The match was one of two “home games” Israel is hosting in Felcsut, a Hungarian village of around 1,900 people, as it chases a qualifying place in the Euro 2024 continental championship. Ahead of the game, fans draped in Israeli flags gathered outside the heavily guarded stadium, singing chants as their team's bus arrived. As fears of antisemitic acts are on the rise across Europe, the security of the Israeli team was a decisive factor in bringing the rescheduled qualifying games to Hungary. After Wednesday's game, Israel remains in third place in Group I of Euro 2024 qualifying, behind Switzerland and Romania with 16 points each.

Persons: “, Aaron Morali, Viktor Orbán, Benjamin Netanyahu, ”, Rikardo, Israel’s Organizations: Israel, European, Arena, Israeli, Romania Locations: FELCSUT, Hungary, Switzerland, Israel, Tel Aviv, Felcsut, Hungarian, Vienna, Austria, Europe, “, Romania, Germany

☆ Iran's nuclear enrichment advances as it stonewalls UN, IAEA reports show
▼ + stars: | 2023-11-15 | by ( Francois Murphy | ) www.reuters.com time to read: +4 min

[1/3] The logo of the International Atomic Energy Agency (IAEA) is seen at the organisation's headquarters in Vienna, Austria, June 5, 2023. Iran's stock of uranium enriched to up to 60% grew by 6.7 kg (14.8 pounds) to 128.3 kg (282.9 pounds) since the last report on Sept. 4, one of the two reports to member states seen by Reuters said. Iran has enough uranium enriched to lower levels for more bombs, but it denies seeking such weapons. Since then the IAEA has narrowed the list of sites to two but little other progress has been made. "The (IAEA) Director General (Grossi) continues to strongly condemn Iran's sudden withdrawal of the designations of several experienced Agency inspectors," it added.

Persons: Leonhard Foeger, Rafael Grossi, John Irish, Toby Chopra, Jonathan Oatis Organizations: International Atomic Energy Agency, REUTERS, Companies Iran, IAEA, International Atomic Energy, Reuters, Governors, Iran's, Thomson Locations: Vienna, Austria, Iran, VIENNA, United States, Gaza, Paris

☆ Eating a lot of ultraprocessed food linked to developing multiple health issues, including cancer
▼ + stars: | 2023-11-14 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +5 min

CNN —Eating higher amounts of ultraprocessed food raises the risk of being diagnosed with multimorbidity, or having multiple chronic conditions such as diabetes, heart disease and cancer, a new study found. “This paper reports a 9% increase in risk of multimorbidity to be associated with higher intake of ultraprocessed food,” Sanders said in a statement. In the United States, a 2019 study estimated some 71% of the food supply may be ultraprocessed. Sugary and artificially-flavored drinks and ultraprocessed meats like hot dogs were significantly linked to the development of ccancer and other disease. When ultraprocessed foods were examined by subgroups, not all appeared to be associated with developing multiple chronic conditions, said lead author Reynalda Córdova, a postdoctoral student in pharmaceutical, nutritional and sport sciences at the University of Vienna.

Persons: ”, Helen Croker, Tom Sanders, ” Sanders, Ian Johnson, ” Johnson, Heinz Freisling, Duane Mellor, Mellor, ” Mellor, Reynalda Córdova, ” Córdova, Freisling Organizations: CNN, Cancer Research Fund, King’s College London, Quadram Institute Bioscience, International Agency for Research, Cancer, Food and Agriculture Organization, United Nations, NOVA, Aston Medical School, University of Vienna Locations: Norwich, United Kingdom, Europe, United States, Birmingham, “

☆ McLaren can be a real threat to Red Bull next season, says Brawn
▼ + stars: | 2023-11-14 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

REUTERS/Leonhard Foeger/ File Photo Acquire Licensing RightsLONDON, Nov 14 (Reuters) - Ross Brawn is tipping a resurgent McLaren to take the fight to dominant Red Bull and triple world champion Max Verstappen next season. So, I think with that improvement going into next season they can be a real threat. Brawn was also optimistic Ferrari would improve under Fred Vasseur's guidance but recognised Red Bull would not be standing still and had the added benefit of being able to switch attention early to next year's car. Red Bull have so far won 19 of 20 races, with Verstappen triumphant 17 times -- a record for a single season that he can extend in Las Vegas this weekend -- and team mate Sergio Perez twice. I think sometimes when you get a team dominating you'd hope that both drivers would be fighting each other and that hasn't happened with Red Bull, which is a shame," said Brawn.

Persons: Jean Todt, Motorsports Ross Brawn, Chase Carey, Niki Lauda's, Leonhard Foeger, Ross Brawn, Red, Max Verstappen, Brawn, Michael Schumacher, Mercedes, McLaren, Andrea Stella, I'm, They’ve, Britain's Lando Norris, Oscar Piastri, Norris, Fred Vasseur's, Red Bull, Bull, Verstappen, Sergio Perez, It's, Alan Baldwin, Christian Radnedge Organizations: de, Formula, Motorsports, REUTERS, McLaren, Red Bull, Ferrari, Disney, Qatar, Thomson Locations: Stephen's, Vienna, Austria, Las Vegas

UNITED NATIONS (AP) — China, Iran and a multitude of Arab nations condemned an Israeli minister’s statement that a nuclear bomb on the Gaza Strip was an option in the Israel-Hamas war, calling it a threat to the world. It is widely believed to possess nuclear weapons, and a former employee at its nuclear reactor served 18 years in Israeli prison for leaking details and pictures of Israel’s alleged nuclear arsenal program to a British newspaper in 1986. He urged Israel to stop “such rhetoric or posturing” and join the Nuclear Nonproliferation Treaty as a non-nuclear weapon state. Ambassador Amir Iravani told the conference the nuclear threats directed toward Palestinians by high-ranking Israeli officials highlight Israel’s “pride” in having these weapons in its hands. “The secrecy surrounding Israel’s nuclear capabilities poses a significant threat to regional stability,” he said.

Persons: Amihai Eliyahu, Benjamin Netanyahu, U.N, Geng Shuang, Geng, Izumi Nakamitsu, ” Nakamitsu, Mohamed Al, Hassan, Gaza “, ”, d’Affaires Hadi Hachem, Amir Iravani, “, ” Israel, Netanyahu, Mikhail Ulyanov, “ there’s Organizations: UNITED NATIONS, United Nations, Israel’s Heritage, British, Gulf Cooperation, U.N Security, IAEA, Nuclear Locations: China, Iran, Gaza, Israel, Beijing, Saudi Arabia, Vienna, Moscow, United States, United Kingdom

☆ OPEC Raises Oil-Demand Forecast, Says Weak Sentiment Is Exaggerated
▼ + stars: | 2023-11-13 | by ( Yusuf Khan | ) www.wsj.com time to read: 1 min

Photo: Andrey Rudakov/Bloomberg NewsThe Organization of the Petroleum Exporting Countries raised its expectations for global oil demand this year, saying that weak sentiment is exaggerated and that the economy is more resilient than originally appeared, as the group’s own output crept higher. The Vienna-based oil producers’ cartel said in its monthly oil-market report that it sees oil demand rising by 2.5 million barrels a day this year, up by 100,000 barrels a day from last month’s report.

Persons: Andrey Rudakov Organizations: Bloomberg, Organization of, Petroleum Locations: Vienna

☆ The top Christmas markets for 2024
▼ + stars: | 2023-11-12 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +22 min

Basel Christmas Market, SwitzerlandBasel Christmas Market is made up of decorated stalls selling Christmas spices, decorations and candles. Strasbourg Christmas Market, FranceOne of Europe’s oldest Christmas markets, Strasbourg began back in 1570, but it’s evolved considerably since then. Old Town Square and Wenceslas Square Christmas markets, Prague, Czech RepublicTo say the city of Prague goes all out at Christmas is something of an understatement. Skansen’s Christmas Market, StockholmStockholm isn’t exactly lacking when it comes to Christmas markets, but none are more traditional than Skansen. St. Stephen’s Basilica and Vörösmarty Square markets, Budapest, HungaryBudapest has two main festive markets: St. Stephen’s Basilica Christmas market, or Advent Bazilika, and Vörösmarty Square Christmas market.

Persons: Wiener, Wiener Christkindlmarkt, it’s, Kleber, Laia Ros, Wenceslas, Santa Llucia, Mercati Natale, Piazza Santa, there’s, you’ll, Walt Disney, Lucia’s, Tuomaan, Emperor Alexander II, Santa Claus, Bazilika, Germany Gendarmenmarkt, Massimo Borchi, Dom, Deutscher Dom, Bavaria’s, Gendarmenmarkt, Jeff J Mitchell, Scott, Dominika, Glowny, Adam Mickiewicz, Steve Russell, Colin Miller, Manhattan’s, Josephine Shaw Lowell Fountain Organizations: CNN, City Hall, Basel, Switzerland Basel Christmas, Getty, Belgium’s, Bourse, Monnaie, Sainte, Marche aux Poissons, Fira, Barcelona Cathedral, Santa, Cisco Pelay, Piazza Santa Croce, Santa Croce, Tivoli Gardens, Estonia Estonia's, Markkinat, Vörösmarty, Nuremberg, Hyde, London Hyde, Food, Edinburgh, Scotland Scottish, Street Gardens, Scottish, Street, Edinburgh Castle, Andrew, George, East, Poland Krakow Christmas, Bratislava, Slovakian, Distillery, Toronto Star, Toronto, Distillery District, , New York Skaters, Bank of America, The Bank of America, Christkindlmarket Chicago, Daley, RiverEdge, Christkindlmarket Locations: Vienna, Germany, Switzerland, Singapore, New York, Austria, Barfüsserplatz, St, Basel, Strasbourg, France, Belgium, Brussels, Sainte Catherine, Marche, Belgian, Place, Prague, Czech Republic, Czech, Old, Santa Llucia, Barcelona, Santa, Florence, Italy, Heidelberg, Piazza del, Zagreb, Croatia, Advent, Tivoli , Copenhagen, Denmark, Danish, Tivoli, Tallinn, Estonia, Estonia Estonia's Tallinn, Estonian, Stockholm Stockholm, Djurgarden, Skansen’s, Tuomaan Markkinat, Helsinki, Ryhor, Helsinki’s, Stephen’s, Budapest, Hungary Budapest, Gendarmenmarkt, Capital, Berlin, Nuremberg, London, United Kingdom, Christmas, Edinburgh, Krakow, Poland Krakow, Polish, Europe, Mary’s, Slovakia, Bratislava, Bay, Toronto, Distillery, Bryant, , New, Manhattan’s Bryant, Chicago, Windy City, Aurora

☆ The night train revolution has been hailed as an alternative to airplanes. Here’s how that’s going
▼ + stars: | 2023-11-12 | by ( Ben Jones | ) edition.cnn.com time to read: +13 min

Wherever they run, night trains are complicated, labor intensive and expensive to operate – one of the major reasons they went into decline in the first place. The $770 million contract could eventually see up to 370 new overnight carriages introduced to update Italy’s entire overnight train fleet. “Politicians must be clear: the night train market will be effectively closed for a very long time,” he says. So, what does all this mean for the much-vaunted night train revolution? With the honorable exception of government-subsidized Nightjet, which plans to expand rapidly over the next five years, European night train services have yet to match the hype.

Persons: Love, James Brown, David Bowie, Ray Charles, –, they’ve, Charisius, Agatha Christie, James Bond, Mark Smith, ”, “, ÖBB, “ Superliner, Kuleshova, Smith, it’s, Alex Halada, Nick Brooks Organizations: CNN, Orient Express, Austrian Federal Railways, Swiss Federal Railways, Deutsche Bahn, Italian State Railways, Amtrak, California Zephyr, European, Bloomberg, Getty, Regiojet, Compagnie Internationale des, VIA Rail, European Union, Frankfurt, Eurostar, EU Rail, EU Locations: Europe, Russia, Scandinavia, Vienna, Hamburg, Germany, Austria, Italy, Hungary, Poland, Czech Republic, Paris, Brussels, Amsterdam, France, Sweden, Milan, Sicily, Messina, Europe’s, United States, Berlin, Stockholm, Denmark, Czech, Prague, Croatia’s, London, Dresden, Copenhagen, Barcelona, Spain, Venice, Florence, Rome, Madrid, Porto, Portugal, Edinburgh, Zurich, AFP, EU

☆ 'True European': Former top Czech diplomat Schwarzenberg dies
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +3 min

PRAGUE, Nov 12 (Reuters) - Former Czech Foreign Minister Karel Schwarzenberg, one of the leading figures in the country's post-Communist era, has died, officials said on Sunday. Schwarzenberg was born into a prestigious Czech family and became a senior aide to his friend Vaclav Havel after the former dissident won the country's first free election in 1990. He later served twice as foreign minister between 2007 and 2013. The Vaclav Havel Library, which Schwarzenberg co-founded, said he died on Saturday, calling him a "patriot and true European". Austrian Foreign Minister Alexander Schallenberg said on X that Schwarzenberg was an "unwavering advocate" of democracy and the European idea.

Persons: Karel Schwarzenberg, Schwarzenberg, Vaclav Havel, Miroslav Kalousek, Havel, Alexander Schallenberg, Milos Zeman, Jason Hovet, Jan Lopatka, Philippa Fletcher Organizations: Vaclav Havel Library, Communists, Television, Foreign Ministry, Austrian, Thomson Locations: PRAGUE, Czech, Europe, Vienna, Czech Republic, Schwarzenberg, Austria, Czechoslovakia, Central European

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