Global Economy
  • Senator Ben Cardin (D-MD) arrives at Democratic Party caucus meeting on Capitol Hill in Washington, U.S., January 19, 2018. REUTERS/Yuri Gripas/ File Photo

    Factbox: What happens in a U.S. government shutdown?

    By Richard Cowan and Susan Cornwell and Amanda Becker and Richard Cowan and Susan Cornwell and Amanda Becker, Reuters

    In shutdowns, nonessential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essential, including those dealing with public safety and national security, keep...

  • FILE PHOTO: Senator John Barrasso (R-WY) speaks during a press conference on Capitol Hill in Washington, U.S., September 12, 2017.   REUTERS/Joshua Roberts

    No Talk of Ousting Speaker Ryan, Key Conservative Says

    By Reuters

    Many Republicans are unhappy with the deal President Donald Trump reached last week with Democratic leaders to raise the government's debt ceiling and allow it to continue financing federal spending...

  • Venezuela's President Nicolas Maduro waves during a pro-government rally with workers of state-run oil company PDVSA, in Barcelona

    The Crisis in Venezuela Could Send Oil Prices Soaring

    By Nick Cunningham, Oilprice.com

    Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story to watch in the oil markets," according to Helima Croft of RBC Capital Markets. The economic, political and security...

  • FILE PHOTO: Arellano, deputy of the Venezuelan coalition of opposition parties (MUD), clashes with national guards during a rally against Venezuela's President Nicolas Maduro's government in Caracas

    The Risk That Could Drive Oil Prices Higher in a Hurry

    By Nick Cunningham, Oilprice.com

    The latest rally in oil prices ran up against a wall yet again, and the same fears about oversupply have not receded in the slightest. The expectation from most oil analysts is that there is very...

  • Emmanuel Macron, head of the political movement 'En Marche!', or 'Onwards!', and candidate for the 2017 presidential election, delivers a speech as he attends a meeting for Women's day in Paris, France

    France Just Made a Big Move Toward a Green Energy Future

    By Bate Felix and Simon Carraud, Reuters

    France aims to end the sale of gasoline and diesel vehicles by 2040 and become carbon neutral 10 years later, Ecology Minister Nicolas Hulot said on Thursday at a presentation of measures to keep up...

  • Paris prosecutor Francois Molins attends a news conference at the courthouse in Paris, November 17, 2014.   REUTERS/Gonzalo Fuentes

    Frenchman seen in Islamic State video of beheadings

    By Reuters

    Sunday's announcement of Kassig's death, the fifth such killing of a Western captive by Islamic State, formed part of a video that also showed the beheadings of at least 14 men Islamic State said...

  • FILE PHOTO - A United Parcel Service (UPS) truck on delivery is pictured in downtown Los Angeles, California October 29, 2014. REUTERS/Mike Blake

    UPS CEO: Unplanned holiday surge could cost retailers

    By Nick Carey, Reuters

    ATLANTA (Reuters) - United Parcel Service Inc's chief executive officer said on Monday the company's closer collaboration with major retailers should bring a smooth holiday season, but he said UPS...

  • An employee of the Tokyo Stock Exchange (TSE) works at the bourse in Tokyo August 26, 2015.  REUTERS/Yuya Shino

    Oil down, stocks mixed as Japan slips into recession

    By Herbert Lash, Reuters

    NEW YORK (Reuters) - Oil prices fell and global equity markets were mixed on Monday after news that Japan unexpectedly slipped into recession in the third quarter renewed concerns about world growth...

  • An airbag logo is seen on a dashboard of a Honda Motor Co's car displayed at the company's showroom in Tokyo october 27, 2014.  REUTERS/Issei Kato

    U.S. Senate panel sets witnesses for air bag defect hearing

    By Jessica Dye and Mari Saito and Emi Emoto, Reuters

    National Highway Traffic Safety Administration Deputy Administrator David Freidman will attend the Senate Commerce Committee hearing looking into the Takata air bag problem, the aide said. He will be...

  • FILE PHOTO: A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan, November 15, 2017.  REUTERS/Toru Hanai/File Photo

    Dollar gains on ECB comments, Japanese uncertainty

    By Karen Brettell, Reuters

    NEW YORK (Reuters) - The U.S. dollar gained against the euro and a basket of currencies on Monday after European Central Bank officials spoke of possible further actions to boost the region’s...