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.N. to send team to investigate Islamic State crimes in Iraq

    U.N. to send team to investigate Islamic State crimes in Iraq

    By Stephanie Nebehay, Reuters

    GENEVA (Reuters) - The United Nations agreed on Monday to send investigators to Iraq to examine crimes being committed by Islamic State militants on "an unimaginable scale", with a view to holding...

  • Syrian army, rebels fight on Golan where peacekeepers held

    Syrian army, rebels fight on Golan where peacekeepers held

    By Baz Ratner and Manuel Mogato, Reuters

    EIN ZIVAN Golan Heights/MANILA (Reuters) - Heavy fighting erupted on Monday between the Syrian army and Islamist rebels on the Golan Heights, where 44 peacekeepers from Fiji are being held by...

  • U.N., Fiji say no word on location of peacekeepers abducted in Golan Heights

    U.N., Fiji say no word on location of peacekeepers abducted in Golan Heights

    By Louis Charbonneau and Avi Ohayon, Reuters

    UNITED NATIONS/EIN ZIVAN Golan Heights (Reuters) - The head of the Fijian army said on Sunday negotiations for the release of 44 soldiers abducted by an al Qaeda-linked group on the Syrian side of...

  • Celebration in Liberia slum as Ebola quarantine lifted

    Celebration in Liberia slum as Ebola quarantine lifted

    By James Harding Giahyue and Saliou Samb, Reuters

    MONROVIA/CONAKRY (Reuters) - Crowds sang and danced in the streets of a seaside neighborhood in Liberia on Saturday as the government lifted quarantine measures designed to contain the spread of the...

  • EU wields Russia sanctions threat but timing vague

    EU wields Russia sanctions threat but timing vague

    By Alastair Macdonald and Andreas Rinke, Reuters

    BRUSSELS (Reuters) - The European Union threatened Russia with new trade sanctions if Moscow fails to start reversing its action in Ukraine, but sharp divisions among leaders at a summit in Brussels...