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...

  • Putin accuses Ukraine of sabotaging gas talks

    Putin accuses Ukraine of sabotaging gas talks

    By Barbara Lewis and Alexei Anishchuk, Reuters

    BRUSSELS/NOVO-OGARYOVO Russia (Reuters) - Russian President Vladimir Putin accused Ukraine on Wednesday of forcing gas talks into a "dead end" by rejecting the offer of a cut in duty to resolve a...

  • EU investigates tax rulings on Apple, Starbucks, Fiat

    EU investigates tax rulings on Apple, Starbucks, Fiat

    By Adrian Croft and Tom Bergin, Reuters

    BRUSSELS/LONDON (Reuters) - The European Commission raised pressure on Ireland, the Netherlands and Luxembourg over their corporate tax practices, saying it was investigating deals the countries have...

  • Ukraine holds out for bigger gas price cut from Russia

    Ukraine holds out for bigger gas price cut from Russia

    By Natalia Zinets, Reuters

    KIEV (Reuters) - Ukraine said on Wednesday it had rejected a Russian proposal that would reduce the price it pays Moscow for natural gas by more than 20 percent and ruled out paying its gas debts...

  • Gazprom moves gas prepayment deadline for Ukraine to June 16

    Gazprom moves gas prepayment deadline for Ukraine to June 16

    By Reuters

    MOSCOW (Reuters) - Russia's Gazprom has moved a deadline for Ukraine to start paying in advance for natural gas supplies to next Monday, as EU-brokered talks continue over the price, the gas company'...

  • Assad tops list of Syria war crimes suspects handed to ICC: former prosecutor

    Assad tops list of Syria war crimes suspects handed to ICC: former prosecutor

    By Stephanie Nebehay, Reuters

    GENEVA (Reuters) - Syrian President Bashar al-Assad tops a list of 20 sample war crimes indictments of government officials and rebels drafted by experts for prosecution someday, a former...