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...

  • Bank of Japan Governor Haruhiko Kuroda attends a conference of central bankers hosted by the Bank of France in Paris November 7, 2014. REUTERS/Charles Platiau

    New rules proposed to put an end 'too big to fail' banks

    By Joshua Franklin and Huw Jones, Reuters

    BASEL Switzerland/LONDON (Reuters) - Global regulators on Monday proposed new rules to ensure that bank creditors rather than taxpayers pick up the bill when a big lender collapses. Mark Carney,...

  • Yellow ribbons dedicated to the missing and dead passengers onboard the capsized Sewol ferry are seen at a port where many family members wait for news from the search and rescue team, as a Coast Guard ship passes behind on its way to the rescue, in Jindo

    Court to give verdict in case of doomed South Korea ferry

    By Ju-min Park, Reuters

    GWANGJU South Korea (Reuters) - A South Korean court is set to rule on whether the captain of a ferry that capsized killing more than 300 people, most of them children on a school trip, should be put...

  • This Exclusive Car Could Sell Out by December

    By Andreas Cremer, Reuters

    Germany's Porsche ( VOWG_p.DE ) expects to sell out its most expensive model ever by early December, bolstering earnings as the sports-car maker grapples with rising capacity costs. "We are close to...

  • File photo of the skyline of the banking district in Frankfurt, September 18, 2014. REUTERS/Kai Pfaffenbach

    Euro zone sentiment recovers slightly in November to -11.9

    By Reuters

    Sentix research group's index tracking morale among investors in the euro zone rose to -11.9 in November from -13.7 the previous month, bettering the consensus forecast in a Reuters poll for a...

  • Pro-democracy protesters transport supplies outside the government headquarters at Admiralty in Hong Kong December 10, 2014. REUTERS/Tyrone Siu

    Obama says key issue is to avoid violence in Hong Kong protests

    By Reuters

    Short of denouncing China's handling of the crisis, Obama said the United States would not stop speaking out about human rights in China and the situation in Hong Kong because of U.S. interests there...