Kirsti Knolle

OMV to pay Gazprom $1 billion for stake in Siberian gas field

07 Jun 2019

VIENNA OMV agreed on Friday to pay 905 million euros ($1 billion) to Russia's Gazprom for a stake in a Siberian gas field, as part of the Austrian firm's strategy to boost its gas business.

European mainstream politicians see hope in downfall of Austrian far right leader

19 May 2019

VIENNA Politicians from Europe's mainstream parties called on voters to stand against the far right, after a video sting brought down the leader of Austria's Freedom Party, hurting the momentum of nationalists days before a European parliamentary election. | Video

Austrian government collapses as far right leader caught in video sting

19 May 2019

VIENNA Austria raced on Saturday towards a snap election as Chancellor Sebastian Kurz pulled the plug on his coalition with the far right after its leader was caught on video offering to fix state contracts with a woman posing as a Russian oligarch's niece. | Video

Austrian leader calls crisis meeting after deputy filmed discussing deals

18 May 2019

VIENNA, May 18 Austrian Chancellor Sebastian Kurz called a crisis meeting late on Friday after two German newspapers published footage purportedly showing his deputy discussing state contracts with a potential Russian backer in return for political support.

UPDATE 2-Austria's OMV upbeat on oil output, cautious on downstream

03 May 2019

* Deal with Gazprom on Siberia assets expected in summer (Adds CEO comment, detail, analyst)

UPDATE 2-Andritz shares slide as weak car sector hits margins

02 May 2019

* Shares fall 12 percent (Adds pulp & paper business, shares, analyst)

Chipmaker AMS signals steady Apple orders, Android share grows

30 Apr 2019

VIENNA Apple supplier AMS on Tuesday was upbeat on the current quarter and the rest of the year, pointing to steady orders for optical sensors from its major customer and a growing share of income from Android smartphone makers.

ProSiebenSat.1 dismisses Mediaset takeover speculation

11 Apr 2019

VIENNA German media group ProSiebenSat.1 ruled out a takeover by Italian broadcaster Mediaset on Thursday, dismissing recent speculation, and added it had not been approached by other interested parties.

Pilot-less air taxi takes off in Vienna demonstration flight

04 Apr 2019

VIENNA As carmakers push ahead with self-driving vehicles, an Austrian aerospace company and its Chinese partner showed off their pilot-less "flying taxi" for the first time in Europe on Thursday. | Video

Romania's Black Sea gas projects hanging by a thread

01 Apr 2019

BUCHAREST Romania's new energy regulations risk undermining plans by companies to develop big offshore gas projects in the Black Sea, putting billions of dollars of revenue at risk and squandering a chance to challenge Russia's Gazprom in the region.

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