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...

  • U.S-led raids hit grain silos in Syria, kill workers: monitor

    U.S-led raids hit grain silos in Syria, kill workers: monitor

    By Reuters

    BEIRUT (Reuters) - U.S.-led air strikes hit grain silos and other targets in Islamic State-controlled territory in northern and eastern Syria overnight, killing civilians and wounding militants, a...

  • Brussels to accuse Apple over illegal Irish tax deals: FT

    Brussels to accuse Apple over illegal Irish tax deals: FT

    By Reuters

    (Reuters) - The European Commission will accuse Apple Inc <AAPL.O> of benefiting from illicit state aid in Ireland, based on preliminary findings of an investigation into tax deals, the...

  • The Data Theft Going on Right Under Your Nose

    By JEREMY WAGSTAFF, Reuters

    When popular Chinese handset maker Xiaomi Inc admitted that its devices were sending users' personal information back to a server in China , it prompted howls of protest and an investigation by...

  • Rwanda court's forgotten men pose challenge to international justice

    Rwanda court's forgotten men pose challenge to international justice

    By Chine Labbé and Fumbuka Ng'wanakilala and Thomas Escritt, Reuters

    THE HAGUE/DAR ES SALAAM (Reuters) - Justin Mugenzi was legally cleared of any role in Rwanda's 1994 genocide. But an oversight in the international justice system means he remains a virtual prisoner...

  • Ukraine leader clings to European goal despite Putin

    Ukraine leader clings to European goal despite Putin

    By Richard Balmforth, Reuters

    KIEV (Reuters) - Ukrainian President Petro Poroshenko has secured a temporary peace in the troubled east which he says gives him a chance to move Ukraine towards its dream of a place in Europe - but...