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...

  • Assad declared landslide victor in wartime Syrian election

    Assad declared landslide victor in wartime Syrian election

    By Dominic Evans, Reuters

    BEIRUT (Reuters) - President Bashar al-Assad has secured a landslide victory in a wartime election that was condemned as a sham by his opponents but demonstrated his tenacious hold on power after...

  • Inspectors press Syria on chemical arms 'discrepancies': envoys

    Inspectors press Syria on chemical arms 'discrepancies': envoys

    By Louis Charbonneau, Reuters

    UNITED NATIONS (Reuters) - Inspectors overseeing the destruction of Syria's chemical weapons arsenal have asked President Bashar al-Assad's government to clarify disparities in its original...

  • G7 willing to step up sanctions on Russia over Ukraine

    G7 willing to step up sanctions on Russia over Ukraine

    By Luke Baker and Mike Peacock, Reuters

    BRUSSELS (Reuters) - The world's leading industrialized nations threatened on Wednesday to impose harder-hitting sanctions on Russia if it does not help restore stability to eastern Ukraine, where...

  • Obama gives backing to Ukraine's new president

    Obama gives backing to Ukraine's new president

    By Roberta Rampton and Natalia Zinets, Reuters

    WARSAW (Reuters) - U.S. President Barack Obama endorsed Ukraine's president-elect Petro Poroshenko on Wednesday, offering Kiev financial and security help and saying he was the right choice to lead...

  • West prods Iran to speed up cooperation with IAEA inquiry

    West prods Iran to speed up cooperation with IAEA inquiry

    By Fredrik Dahl, Reuters

    VIENNA (Reuters) - Iran faced Western pressure on Wednesday to speed up its promised cooperation with a long-stalled U.N. nuclear watchdog investigation into suspected atomic bomb research by Tehran...