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...

  • Hong Kong students put their case to government, but no breakthrough

    Hong Kong students put their case to government, but no breakthrough

    By James Pomfret and Clare Baldwin, Reuters

    HONG KONG (Reuters) - Thousands of Hong Kong protesters listened raptly from the streets on Tuesday as student leaders debated their call for full democracy for the Chinese-run city with government...

  • Toyota recalls 247,000 vehicles in U.S. over Takata air bags

    Toyota recalls 247,000 vehicles in U.S. over Takata air bags

    By Ben Klayman, Reuters

    DETROIT (Reuters) - Toyota Motor Corp recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because of potentially defective front passenger air bag inflators from Japan's...

  • Al Qaeda attacks kill at least 33 people in Yemen

    By Mohammed Ghobari, Reuters

    SANAA (Reuters) - At least 33 people were killed in a suicide bombing and gun attacks in central Yemen, tribal sources and medics said on Monday, as al Qaeda fighters seized a Yemeni city in a new...

  • U.N. questions Israel on Palestinians' rights

    U.N. questions Israel on Palestinians' rights

    By Stephanie Nebehay, Reuters

    GENEVA (Reuters) - U.N. experts questioned Israeli officials on Monday over alleged rights abuses ranging from the demolition of Palestinian houses and the expansion of Jewish settlements to limited...

  • Swedish 'Cold War' thriller exposes Baltic Sea nerves over Russia

    Swedish 'Cold War' thriller exposes Baltic Sea nerves over Russia

    By Alistair Scrutton and Simon Johnson, Reuters

    STOCKHOLM (Reuters) - It has all the makings of a Cold War thriller -- an emergency military deployment with stealth ships and helicopters hunting for a foreign submarine in the Stockholm archipelago...