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...

  • FILE PHOTO - John Griffith-Jones, the former Chairman designate of the Financial Conduct Authority (FCA) attends a Thomson Reuters Newsmaker event, in the Canary Wharf business district of east London October 16, 2012. REUTERS/Andrew Winning

    Reuters poll: Sterling forecasts cut as early BoE hike hopes dim

    By Jonathan Cable, Reuters

    LONDON (Reuters) - The outlook for Britain's pound versus the dollar has dimmed in the past month as expectations for the first interest rate rise by the Bank of England have been pushed back to...

  • An A380 Airbus arrives on the tarmac during the Airbus annual press conference in Colomiers, near Toulouse, January 13, 2014. REUTERS/Regis Duvignau

    Airbus reaches 1,080 gross orders in Jan-Oct

    By Reuters

    After adjusting for cancellations, which remained unchanged from September at 286 aircraft for the year to date, Airbus posted net orders of 794 aircraft between January and October. Airbus delivered...

  • Alexander Zakharchenko, separatist leader of the self-proclaimed Donetsk People's Republic, walks as he attends the inauguration ceremony at a theatre in Donetsk, eastern Ukraine, November 4, 2014. REUTERS/Maxim Zmeyev

    Ukraine PM says rebel-led regions will never receive funds from Kiev

    By Richard Balmforth and Thomas Grove and Jan Lopatka and Robert Muller and Nina Chestney, Reuters

    He spoke as the peace deal between the two sides appeared to fray further. Both Ukraine and separatist leaders accuse the other side of violating the Sept. 5 agreements, signed in the Belarusian...

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

    Low growth, price cuts plague euro zone, haunt ECB

    By Jonathan Cable, Reuters

    LONDON (Reuters) - Euro zone business growth picked up less than expected in October despite another, deeper round of price cuts, according to surveys that are unlikely to ease simmering tensions...

  • Advisory: ADB chief story withdrawn

    By Reuters

    SHANGHAI (Reuters) - Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to...