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...

  • U.S. President Barack Obama (R) and Russia's President Vladimir Putin attend a family photo shoot for the Asia Pacific Economic Cooperation (APEC) leaders' meeting at the International Convention Center at Yanqi Lake in Beijing, November 11, 2014. REUTERS

    U.S., China to extend visa validity to boost trade, tourism

    By Matt Spetalnick and Michael Martina and Michael Martina, Reuters

    BEIJING (Reuters) - China and the United States have agreed to significantly extend the terms of short-term visas, U.S. President Barack Obama said on Monday in Beijing, a deal he said would improve...

  • A member of the Ukrainian armed forces patrols area in the government-held village of Travneve, Ukraine, November 23, 2017. Picture taken November 23, 2017.  REUTERS/Oleksandr Klymenko

    German foreign minister says situation in Ukraine 'serious'

    By Reuters

    His comments during a visit to Kazakhstan underlined growing concern about an increase in fighting between pro-Russian separatists and government forces in the past week despite a ceasefire agreed in...

  • U.S. President Barack Obama (R) and Russia's President Vladimir Putin attend a family photo shoot for the Asia Pacific Economic Cooperation (APEC) leaders' meeting at the International Convention Center at Yanqi Lake in Beijing, November 11, 2014. REUTERS

    Putin says China, Russia to settle more trade in yuan

    By Alexei Anishchuk, Reuters

    Speaking at an Asia Pacific Economic Cooperation summit in Beijing, Putin also ruled capital controls for Russia and vowed to keep its foreign debt level below 15 percent of gross domestic product (...

  • U.S. President Barack Obama (R) and Russia's President Vladimir Putin attend a family photo shoot for the Asia Pacific Economic Cooperation (APEC) leaders' meeting at the International Convention Center at Yanqi Lake in Beijing, November 11, 2014. REUTERS

    Negotiators of Asia trade pact say committed to structure of deal

    By Matt Spetalnick, Reuters

    Negotiators are engaging to complete "ambitious and balanced" packages to open markets, the countries' leaders said in a statement on the Washington-backed TPP. A deadlock between the pact's two...

  • Sliding global growth halts G20 currency war accusations

    By Jane Wardell and Ian Chua, Reuters

    SYDNEY (Reuters) - A weakening outlook for much of the global economy means Japan and Europe are unlikely to be accused at this week's G20 Leaders Summit of starting a currency war, despite recent...