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...

  • Wreckage of Air Algerie plane carrying 116 people found in Mali

    Wreckage of Air Algerie plane carrying 116 people found in Mali

    By Hamid Ould Ahmed and Tiemoko Diallo, Reuters

    ALGIERS/BAMAKO (Reuters) - Authorities said on Thursday they located the wreckage of an Air Algerie flight after it crashed in northern Mali carrying 116 passengers and crew, nearly half of them...

  • Russia says will cooperate with MH17 probe led by Netherlands

    Russia says will cooperate with MH17 probe led by Netherlands

    By Al-Zaquan Amer Hamzah and Siva Govindasamy, Reuters

    KUALA LUMPUR (Reuters) - Russia will cooperate with the investigation into the downing of a Malaysian airliner a week ago and is satisfied that the Netherlands, rather than Ukraine, is leading the...

  • GSK seeks approval for world's first malaria vaccine

    GSK seeks approval for world's first malaria vaccine

    By Kate Kelland, Reuters

    LONDON (Reuters) - GlaxoSmithKline <GSK.L> said on Thursday it is applying for regulatory approval for the world's first vaccine against malaria, designed for children in Africa. The British...

  • Disenchanted with Putin, some Russians vote with their feet

    Disenchanted with Putin, some Russians vote with their feet

    By Alissa de Carbonnel, Reuters

    MOSCOW (Reuters) - Most of Vladimir Paley's clients want him to dig up their family history with one goal in mind: making a case to obtain foreign citizenship and leave Russia. Six months ago the...

  • Israel rejects ceasefire plan, source says, as death toll nears 850

    Israel rejects ceasefire plan, source says, as death toll nears 850

    By Nidal al-Mughrabi and Crispian Balmer, Reuters

    GAZA/JERUSALEM (Reuters) - Israel has rejected international proposals for a ceasefire in its fight against Islamist militants in Gaza, a government source said on Friday, but U.S. Secretary of State...