Stock Markets
Austria battles major flooding after record downpours

(Reuters) -Heavy rains lashed Alpine regions of Austria and left parts of Vienna under water at the weekend, causing severe damage in parts of the country and disrupting road and rail transport, authorities and local media said.
Fast-moving torrents of muddy water swept cars through the ski resort of St. Anton, in western Austria, on Friday, footage posted on social media showed. Meanwhile record rainfall hit parts of Vienna in the east of the country on Saturday, state broadcaster ORF said.
A woman was dragged under a bus by the force of flooding in the Doebling area in the north of the city on Saturday, ORF said. She was taken to hospital in a critical condition, it added.
Fire services in the capital were called out more than 450 times on Saturday as the downpours caused traffic chaos and disrupted rail transport, according to ORF.
“Heavy storms have done great damage in many parts of Austria,” Chancellor Karl Nehammer said on X, thanking officials who were working to clear up the damage.
In Vienna’s Doebling district, officials registered 110 litres of rain per square metre, which ORF Vienna meteorologist Kevin Hebenstreit said was a record for August rainfall in the city.
A large proportion of Vienna’s average summer rainfall hit on Saturday in just one hour, according to weather data firm UBIMET.
On average in August it rains a total of 68 litres per square metre, with the all-time record being 139 litres on May 15, 1885, according to ORF.
Stock Markets
Federal budget balance surpasses expectations, marking a significant surplus
Stock Markets
Deutsche Bank outlines two paths for ECB interest rates
Stock Markets
CPKC President and CEO Keith Creel to address 2025 Wolfe Research Global Transportation & Industrials Conference
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
How is the Australian dollar doing today?
- Forex3 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- World3 years ago
Why are modern video games an art form?
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Economy3 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions