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...

  • South Korea sect talks of deer and fireflies startled by police raid

    South Korea sect talks of deer and fireflies startled by police raid

    By Ju-min Park, Reuters

    ANSEONG South Korea (Reuters) - South Korean on Friday police arrested the brother of a South Korean businessman linked to a ferry disaster in April in which hundreds of school children drowned, as...

  • Brazil wins, comes alive for World Cup despite protests

    Brazil wins, comes alive for World Cup despite protests

    By Paulo Prada, Reuters

    SAO PAULO (Reuters) - Brazil exploded with street parties as its soccer team won the World Cup's opening game on Thursday but scattered violent protests were a reminder that many locals remain angry...

  • Why higher Iran oil exports are not roiling nuclear deal

    Why higher Iran oil exports are not roiling nuclear deal

    By Arshad Mohammed and Timothy Gardner, Reuters

    WASHINGTON (Reuters) - At first glance, Iran appears to have exported more oil than allowed under a nuclear agreement with major powers, but rather than complaining, U.S. officials argue Tehran is...

  • World Cup Kicks Off With Riots, Tear Gas

    By Brian Winter and Marcelo Teixeira, Reuters

    Brazilian police and protesters clashed in Sao Paulo on Thursday just hours before the opening game of the World Cup, which has been marred by construction delays and months of political unrest...

  • Ukraine accuses Russia of letting rebels bring in tanks

    Ukraine accuses Russia of letting rebels bring in tanks

    By Natalia Zinets and Timothy Heritage, Reuters

    KIEV (Reuters) - Ukraine accused Russia on Thursday of allowing separatist rebels to bring three tanks and other military vehicles across the border into the east of the country to fight the...