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...

  • Somalia's Islamist rebels down but not out after military setbacks

    Somalia's Islamist rebels down but not out after military setbacks

    By Feisal Omar, Reuters

    BARAWE Somalia (Reuters) - Military strikes that drove al Shabaab rebels from a strategic Somali port this week and killed their leader last month have dealt the group a hefty blow, but it is far too...

  • 7 More People in Spain Enter Ebola Isolation

    By Sonya Dowsett, Reuters

    Seven people turned themselves in late on Thursday to an Ebola isolation unit in Madrid where Teresa Romero, the nurse who became the first person to contract Ebola outside Africa, lay gravely ill...

  • As Obama gave Syria nod, his coalition was still unclear

    As Obama gave Syria nod, his coalition was still unclear

    By Phil Stewart and Patricia Zengerle and Steve Holland, Reuters

    WASHINGTON (Reuters) - The effectiveness of the U.S.-led coalition effort in Syria is under scrutiny as Islamic State fighters try to overrun a strategic Syrian town on Turkey's border. The United...

  • The Best City in the World for Business

    By Jessica Morris, CNBC

    London is the world's top "power" city for business and innovation, surpassing rivals like New York and Singapore, according to an index by the Mori Memorial Foundation's Institute for Urban...

  • Anti-EU party wins first British parliament seat in landslide victory

    Anti-EU party wins first British parliament seat in landslide victory

    By Andrew Osborn, Reuters

    CLACTON-ON-SEA England (Reuters) - Britain's anti-EU UK Independence Party won its first elected seat in parliament on Friday by a landslide and came a close second in another vote, proving it poses...