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...

  • Boko Haram leader claims blast in Nigeria's Lagos

    By Tim Cocks and Isaac Abrak, Reuters

    ABUJA (Reuters) - Boko Haram leader Abubakar Shekau has claimed responsibility for two explosions on June 25 at a fuel depot in Lagos, Nigeria's commercial hub, in a video seen by Reuters on Sunday,...

  • Russia warns Ukraine after shell crosses border

    Russia warns Ukraine after shell crosses border

    By Anton Zverev and Katya Golubkova, Reuters

    DONETSK Ukraine/MOSCOW (Reuters) - Russia threatened Ukraine on Sunday with "irreversible consequences" after a Russian man was killed by a shell fired across the border, while Kiev said Ukrainian...

  • Heavy fighting breaks out near Libya's Tripoli airport, seven dead

    Heavy fighting breaks out near Libya's Tripoli airport, seven dead

    By Feras Bosalum and Ulf Laessing, Reuters

    TRIPOLI (Reuters) - Heavy fighting broke out between rival militias vying for control of Libya's main airport on Sunday, killing at least seven people and forcing a halt of all flights in the worst...

  • Charting a path to 'normalization'

    Charting a path to 'normalization'

    By Robin Emmott, Reuters

    BRUSSELS (Reuters) - Investors shift focus this coming week from trouble spots such as Portugal's biggest listed bank to a marathon testimony by the U.S. Fed chair that could help chart a global path...

  • Bruised and grumbling, foreign banks bend to U.S. rules

    Bruised and grumbling, foreign banks bend to U.S. rules

    By Steve Slater and Michelle Price, Reuters

    LONDON/HONG KONG (Reuters) - Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S. territory, but in the end they are...