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Politics · SPÖPress ✓ 5 outlets · Proceedings per ORF, Heute, VOL.AT; meeting internals partly from tabloid reports

SPÖ agrees on a phased retreat: Babler stays for now, Holzleitner and Kucher run day-to-day business

After a crisis meeting of the state party chairs in Vienna, Andreas Babler is to give up the party chairmanship and the vice chancellorship in stages; he stays on as a minister. Chancellor Christian Stocker (ÖVP) is sticking with the three-party coalition and rules out snap elections.

On Sunday, October 4, at a crisis meeting in Vienna’s Hotel Steigenberger, the SPÖ agreed on a staggered departure of its chairman Andreas Babler, ORF, Heute and VOL.AT report. For now Babler remains party leader and vice chancellor. Day-to-day business will in future be run by the party’s women’s chair and minister Eva-Maria Holzleitner and parliamentary group leader Philip Kucher as an acting dual leadership; the party bodies are still to adopt this formally. In early 2027, Finance Minister Markus Marterbauer is to take over the vice chancellorship, while Babler is to stay in office as a minister.

According to the reports, Marterbauer is being treated for cancer; the exact timing depends on his recovery. A party congress is to decide on the final leadership. Heute and Exxpress describe that almost all state party chairs had demanded Babler’s departure and that he set conditions; Heute relies on a “minutes” of the meeting that cannot be independently verified. According to Börse-Express, the SPÖ stands at 12 percent in a poll, behind the Greens. Stocker ruled out snap elections and said the coalition is working (Heute, Salzburg24).

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By the numbers
2people will in future run the SPÖ’s business as a dual leadership
Early 2027planned change of vice chancellor to Marterbauer
12%SPÖ in a poll, behind the Greens (Börse-Express)
World · ElectionsPress ✓ 5 outlets · Percentages vary by source

Brazil: Flávio Bolsonaro narrowly ahead of Lula in first round, runoff on October 25

In the presidential election on Sunday, October 4, Senator Flávio Bolsonaro won around 47 percent and incumbent Luiz Inácio Lula da Silva around 45 percent (ZDFheute, SRF, Americas Quarterly). Neither reached an absolute majority, so a runoff on October 25 will decide. The decimal places differ depending on the count: Americas Quarterly gives 47.03 to 45.16 percent, SRF at the time of its report 47.18 to 44.99.

Flávio is the son of former President Jair Bolsonaro. According to ZDFheute, the right also secured majorities in both chambers of Congress and provides many governors. Lula appeared surprised and spoke of “extra time”; Bolsonaro said Brazil wanted change (SRF, ORF). DailyDrop has so far seen no reports of direct consequences for Austria.

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Word of the day
RunoffPolitics

Second round of voting between the two top finishers when no one in the first round wins more than half of the valid votes.


World · EnergyPress ✓ 4 reports · mostly based on dpa-AFX

Iran ties reopening of the Strait of Hormuz to seven conditions – oil price still eases slightly

Parliament Speaker Mohammad Bagher Ghalibaf named seven preconditions before Iran reopens the strait, according to wallstreet-online, finanznachrichten.de and Ariva. They include, among other things, an end to the US naval blockade of Iranian ports, the lifting of sanctions on Iranian oil exports, the release of Iranian funds (frozen assets), compensation for war damage and an end to the war against Iran and its allies. According to Ghalibaf, no quick solution is in sight.

Foreign Minister Abbas Araghchi proposed a roadmap: the US fulfills all conditions, after which Tehran opens the strait within seven days and begins negotiations on a comprehensive agreement. According to the reports, the US replied via Qatar; there is no agreement. According to an Ariva report of October 4, Brent cost around $102.9 a barrel and eased slightly. DailyDrop had no figures on fuel prices in Austria.

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Incidents · SalzburgPress ✓ 3 outlets · Number of injured is given differently

Krimml: At a fly-in, a light aircraft taking off hits four parked planes

At the “Krimml Fly-in” aircraft meeting in the Pinzgau region, a light aircraft left the runway on takeoff on Sunday. According to ORF Salzburg and Salzburg24, the aircraft aborted the takeoff, veered left and hit four planes parked on the ground. According to police, it was not a crash but a collision on the airfield.

ORF Salzburg reports three injured: according to the Red Cross, the pilot was seriously but not life-threateningly injured and was flown by helicopter to the hospital in Schwarzach; a woman flying with him and a person near the parked aircraft were slightly injured. Salzburg24 speaks of two injured in later updates. The cause is unclear; the State Criminal Police Office is investigating.

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Markets · Vienna Stock ExchangePress ✓ 4 outlets · Prices per dpa-AFX and boerse-social

Vienna Stock Exchange: ATX ends the week up 0.6 percent, Lenzing plunges almost 30 percent after capital increase

The ATX gained 0.60 percent to 6,718.25 points on Friday, October 2, report finanzen.at, finanzen.net and boerse-social. After deep-red previous days the market stabilized: falling oil prices and the weak US labor market data eased worries about interest rates, while weaker bank stocks continued to weigh. Erste Group lost 1.73 percent to €113.60, Raiffeisen Bank International 0.43 percent to €58.35. The biggest winner was AT&S, up 10.4 percent to €223.00. Since the start of the year the ATX is up 26.13 percent, according to boerse-social.

Lenzing fell 29.54 percent to €13.74, its lowest level since 2003 (boerse-social, finanzen.ch). The trigger is the planned capital increase of around €300 million with subscription rights; according to media reports, the subscription period runs until October 20. On Friday evening Wall Street closed higher: S&P 500 +0.73 percent at 7,722.72 points, WTI −1.90 percent at $91.11, gold −1.00 percent at $4,162.3.

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In brief
  • ATX 6,718.25 points (+0.60%) at the weekly close; AT&S +10.4%, Lenzing −29.5%dpa-AFX, boerse-social
  • ECB reference rate: $1.1225 per euro (previous day 1.1298)finanzen.at, Bundesbank
  • Wall Street Friday: S&P 500 7,722.72 (+0.73%), WTI $91.11 (−1.90%), gold $4,162.3 (−1.00%)Market data
  • US labor market: 29,000 new jobs, unemployment rate 4.2%trend.at, aktien.news
  • OPEC+: production volumes for November unchanged, next meeting November 1TASS, FXStreet
  • Vienna-Döbling: woman dies in roof fire, cause still unknownwien.ORF.at, VOL.AT
  • Krimml: light aircraft rolls into four parked planes at fly-inORF Salzburg, Salzburg24
  • Brazil: runoff Bolsonaro versus Lula on October 25ZDFheute, SRF
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Unverified — what we could not confirm

“Babler loses his ministerial post too.” Exxpress speculated that his ministerial post was also in jeopardy. After the agreement, Babler is to remain a minister, according to ORF, Heute and VOL.AT.
“Snap elections are in sight.” According to reports, the FPÖ once again demanded snap elections, and Exxpress posed the question in a headline. Chancellor Stocker ruled them out (Heute, Salzburg24).
“Babler blackmailed the party.” Heute headlined a published “minutes” of the meeting with this pointed phrasing. The document is not independently confirmed; other media describe Babler’s conditions more soberly.
Glossary · dotted words — economics, law, security and science terms explained in the context of the story. The list grows every day.
INSIDESPÖ agrees on a phased retreat: Babler stays for now, Holzleitner and Kucher run day-to-day businessPolitics · SPÖBrazil: Flávio Bolsonaro narrowly ahead of Lula in first round, runoff on October 25World · ElectionsIran ties reopening of the Strait of Hormuz to seven conditions – oil price still eases slightlyWorld · EnergyKrimml: At a fly-in, a light aircraft taking off hits four parked planesIncidents · SalzburgVienna Stock Exchange: ATX ends the week up 0.6 percent, Lenzing plunges almost 30 percent after capital increaseMarkets · Vienna Stock Exchange