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...

  • Obama says U.S. will defend eastern European allies

    Obama says U.S. will defend eastern European allies

    By Reuters

    WASHINGTON (Reuters) - President Barack Obama underlined U.S. commitment to its NATO allies on Wednesday, showing solidarity with eastern European nations after Russia's intervention in Ukraine. "As...

  • Fighting rages in eastern Ukraine town, residents flee

    Fighting rages in eastern Ukraine town, residents flee

    By Alissa de Carbonnel, Reuters

    NEAR SLAVIANSK Ukraine (Reuters) - Ukrainian government forces battled separatists with artillery and automatic weapons on Wednesday in a second day of fighting in and around Slaviansk, forcing many...

  • Hong Kong recalls Tiananmen killings, China muffles dissent

    Hong Kong recalls Tiananmen killings, China muffles dissent

    By Adam Rose and Ben Blanchard, Reuters

    BEIJING (Reuters) - Tens of thousands of people held a candlelight vigil in Hong Kong on Wednesday to mark the bloody crackdown on pro-democracy protesters 25 years ago in Beijing's Tiananmen Square...

  • Erdogan to grow more powerful as president, Turkey more polarized

    Erdogan to grow more powerful as president, Turkey more polarized

    By Orhan Coskun and Nick Tattersall, Reuters

    ANKARA/ISTANBUL (Reuters) - On the first anniversary of nationwide protests that shook Prime Minster Tayyip Erdogan's rule, barely a thousand anti-government demonstrators marched in Istanbul on...

  • July deadline for Iran nuclear deal appears in jeopardy: envoys

    July deadline for Iran nuclear deal appears in jeopardy: envoys

    By Louis Charbonneau and Parisa Hafezi, Reuters

    NEW YORK/ANKARA (Reuters) - It is increasingly unlikely that six world powers and Iran will meet their July 20 deadline to negotiate a long-term deal for Tehran to curb its nuclear program in return...