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...

  • A woman uses a cash point machine at a HSBC bank in the City of London in this February 28, 2011 file photo. REUTERS/Andrew Winning

    HSBC sets aside $378 million for forex probe

    By Reuters

    Europe's largest bank blamed higher costs, up 6 percent, for the slide in earnings. In addition to the forex probe, it set aside more money to cover the cost of compensating customers in Britain for...

  • A youth protest leader speaks to the crowd gathered at Place de la Nation in Ouagadougou, capital of Burkina Faso, November 2, 2014. REUTERS/Joe Penney

    Taiwan confident of keeping Burkina Faso ties after army takeover

    By Nadoun Coulibaly and Joe Penney, Reuters

    Burkina Faso is one of the three remaining countries in Africa - along with Swaziland and Sao Tome and Principe - that still have formal diplomatic relations with Taiwan, with most countries...

  • Turkey's President Tayyip Erdogan makes his speech during a rally against recent Kurdish militant attacks on Turkish security forces in Istanbul, Turkey, September 20, 2015. REUTERS/Murad Sezer

    Kurdish rebel leader says U.S. could mediate in Turkey talks

    By Omer Berberoglu and Ahmed Rasheed and Michael Georgy, Reuters

    Cemil Bayik, a founding member of the Kurdistan Workers Party (PKK) and its most senior figure at liberty, also reiterated accusations that Turkey was waging a proxy war against the Kurds in...

  • Turkey's President Tayyip Erdogan makes his speech during a rally against recent Kurdish militant attacks on Turkish security forces in Istanbul, Turkey, September 20, 2015. REUTERS/Murad Sezer

    Islamic State says seizes second gas field in Syria

    By Mariam Karouny and Omer Berberoglu, Reuters

    The hardline Sunni Islamist group posted 18 photos on social media showing the Islamic State flag raised in the Jahar gas field as well as seized vehicles and weaponry, according to the SITE jihadist...

  • South Korea says closely monitoring market volatility after BOJ easing

    By Reuters

    The meeting was held in response to the Bank of Japan's decision to expand its massive stimulus spending last week, which weakened its currency further against the won. The Bank of Korea also said it...