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...

  • Senior U.S., Iran, EU officials to meet on Monday-Tuesday in Geneva

    By Parisa Hafezi and Michelle Moghtader, Reuters

    ANKARA/DUBAI (Reuters) - Iranian, U.S. and European Union officials will start two days of talks about Tehran's nuclear programme on Monday, Iran said, giving its first word about what appears to be...

  • Iran says to meet U.S., EU in Geneva Monday

    By Reuters

    DUBAI (Reuters) - Iranian officials will meet U.S. and European Union counterparts in Geneva on Monday, state media said, in Iran's first word about talks expected to try to break a logjam in wider...

  • Afghanistan tightens election security after Abdullah attack

    Afghanistan tightens election security after Abdullah attack

    By Reuters

    KABUL (Reuters) - Security is being ramped up so the two candidates in Afghanistan's presidential election run-off next week can continue campaigning after an attack on one of them killed 12 people,...

  • Politics poses biggest risk to euro zone endurance

    Politics poses biggest risk to euro zone endurance

    By Paul Taylor, Reuters

    PARIS (Reuters) - With the euro zone bond market back to irrational exuberance and economic growth returning slowly if unevenly, politics rather than economics now poses the biggest threat to the...

  • Ukraine's new leader stands up to Moscow over Crimea and Europe

    Ukraine's new leader stands up to Moscow over Crimea and Europe

    By Richard Balmforth, Reuters

    KIEV (Reuters) - Ukraine's new president Petro Poroshenko said his country would never give up Crimea and would not compromise on its path towards closer ties with Europe, spelling out a defiant...