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. call for South China Sea 'freeze' gets cool response from China

    U.S. call for South China Sea 'freeze' gets cool response from China

    By Paul Mooney and Lesley Wroughton, Reuters

    NAYPYIDAW (Reuters) - A U.S. proposal for a freeze on provocative acts in the South China Sea got a cool response from China and some Southeast Asian nations on Saturday, an apparent setback to...

  • Russia may negotiate price limits with domestic food producers

    Russia may negotiate price limits with domestic food producers

    By Reuters

    MOSCOW (Reuters) - Russia may negotiate a price control agreement with domestic food producers to prevent speculative price hikes that would affect inflation after it banned half its agricultural...

  • Renewed Gaza truce holds after rocky start

    Renewed Gaza truce holds after rocky start

    By Nidal al-Mughrabi and Maayan Lubell, Reuters

    GAZA/JERUSALEM (Reuters) - A new, five-day truce between Israel and Hamas appeared to be holding on Thursday despite a shaky start, after both sides agreed to give Egyptian-brokered peace...

  • WHO declares Ebola an international health emergency

    WHO declares Ebola an international health emergency

    By Kate Kelland and Felix Onuah, Reuters

    LONDON/LAGOS (Reuters) - The world's worst outbreak of Ebola that has killed nearly 1,000 people in West Africa represents an international health emergency and could continue spreading for months,...

  • Ukraine troops break out of encirclement, 15 troops killed

    Ukraine troops break out of encirclement, 15 troops killed

    By Reuters

    KIEV (Reuters) - Ukrainian army units which had been trapped by separatists on the border with Russia broke out of the blockade on Friday and rejoined government forces, but 15 soldiers and border...