After the country's latest auction that raised approximately €2 billion(US$2.7 billion) from the three leading players, Austria's operators are lining up to complain the increased price they are being forced to pay for new mobile spectrum

As per Reuters, Hutchison Whampoa's Austrian unit H3G or 3 Austria has said that it will file a petition against the outcomes of the auction.

A sound development of premiums has been recorded by Vienna Insurance Group in spite of tough market environment. In the first three quarters of the year 2013, consolidated premiums were equal to EUR 7.1 billion (-5.1%).

The main reason behind the fall in premium was the deliberate decrease in the short-term single-premium business in Poland along with the motor business in Italy.

As per Reuters, the Austrian business units of Hutchison Whampoa and Deutsche Telekom are planning to file a petition against the consequence of the latest 4G spectrum auction of the country.

Telekom Austria, the other operator to secure frequencies, has said that the decision related to filing of official complaint will be taken next month.

Iran has decided to control some of its nuclear activities for six months. The decision has been taken as part of a landmark nuclear deal that has been reached with world powers on Sunday.

There are high chances that Pascal Lamy would be chosen as the next head of the EU's executive by European policy elites. He is Frenchman who has left his position as head of the World Trade Organization in the month of July.

Chinese Premier Li Keqiang in a signed article titled `A stronger China-Europe Partnership Will Bring Us All Greater Prosperity' has affirmed tht stronger relationship between Europe and China is beneficial for both the sides.

If to go as per the latest figures put forth by Eurostat, it has been unveiled that no other country in the European Union than Britain has been witnessing such a massive rise in its population.

Ukrainian President Viktor Yanukovich has given assurance to Austrian officials that his country is willing to maintain close ties with Europe, said the foreign ministry in Vienna. A ministry spokesman said that Yanukovich have told them that they have not at all turned their back on Europe. They are looking forward to continue close operation instead.