Global Economy
  • 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...

  • Food supplies cut to rebel stronghold in east Ukraine

    By Reuters

    KIEV/DONETSK Ukraine (Reuters) - Food supplies have been cut to the rebel stronghold of Luhansk in eastern Ukraine during a military offensive on the city by government forces, local officials said...

  • Israel withdraws troops, 72-hour Gaza truce begins

    Israel withdraws troops, 72-hour Gaza truce begins

    By Nidal al-Mughrabi and Lin Noueihed and Dan Williams, Reuters

    GAZA/CAIRO/JERUSALEM (Reuters) - Israel withdrew ground forces from the Gaza Strip on Tuesday and started a 72-hour ceasefire with Hamas mediated by Egypt as a first step towards negotiations on a...

  • Moscow fights back after sanctions; battle rages near Ukraine crash site

    Moscow fights back after sanctions; battle rages near Ukraine crash site

    By Polina Devitt and Gabriela Baczynska, Reuters

    MOSCOW/KIEV (Reuters) - Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine even as G7 leaders warned of further steps, while Ukraine's government accused pro-Russian...

  • Argentina fails to reach debt agreement, default imminent

    Argentina fails to reach debt agreement, default imminent

    By Richard Lough and Eliana Raszewski and Daniel Bases, Reuters

    BUENOS AIRES/NEW YORK (Reuters) - Argentina will default on its debt within hours after talks with holdout creditors broke down on Wednesday. As the clock ticked toward a midnight (0400 GMT) deadline...

  • Obama says strains over Ukraine not leading to new Cold War with Russia

    Obama says strains over Ukraine not leading to new Cold War with Russia

    By Steve Holland and Anna Yukhananov, Reuters

    WASHINGTON (Reuters) - President Barack Obama escalated U.S. economic sanctions against Russia on Tuesday for its aggression against Ukraine but dismissed suggestions the growing chill in U.S.-...