Global Economy

Budget Battles

  • 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...

  • French President Emmanuel Macron addresses a news conference during a European Union leaders summit in Brussels, Belgium, October 20, 2017. REUTERS/Geoffroy Van Der Hasselt - RC1B551F9550

    Europe steps up pressure on Russia over Ukraine at G20 meeting

    By Matt Siegel and Jane Wardell, Reuters

    Speaking at the meeting of G20 leaders in Brisbane, which Russian President Vladimir Putin is attending, Van Rompuy said Ukraine would be high on the agenda when EU leaders meet with U.S. President...

  • The new comet, known as C/2014 S3, also-called "Manx" comet, which was discovered in 2014 by the Panoramic Survey Telescope and Rapid Response System, or Pan-STARRS, is shown in this artist rendering released on April 29, 2016. This diagram shows the prob

    Defying odds, comet lander phones home

    By Victoria Bryan, Reuters

    BERLIN (Reuters) - The mission of the first robotic probe to land on a comet reached a high point on Friday when the spacecraft radioed back to Earth that it had successfully drilled into the comet's...

  • UBS looking to take back bonuses from forex traders

    By Neha Dimri, Reuters

    (Reuters) - UBS AG, among the six banks fined this week for their role in the global foreign exchange scandal, is looking at clawing back bonuses from its traders. A UBS spokeswoman confirmed a...

  • G20 host Australia says global growth target on track

    By Reuters

    "The growth target which we set for ourselves in Sydney of an additional 2 percent of GDP is on track and the IMF will report to the leaders over the next few hours about that, but everyone around...

  • Myanmar's State Counsellor Aung San Suu Kyi arrives at the White House for a bilateral meeting with U.S. President Barack Obama in Washington, D.C., U.S. September 14, 2016. REUTERS/Carlos Barria

    Obama's immigration plan offers some relief, risk for tech sector

    By Roberta Rampton, Reuters

    WASHINGTON (Reuters) - President Barack Obama's executive action on immigration is expected to include some modest changes to make it easier for technology companies to retain high-skilled workers...