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...

  • Subway trains crash in South Korean capital, 200 people hurt

    Subway trains crash in South Korean capital, 200 people hurt

    By Christine Kim and Sohee Kim, Reuters

    SEOUL (Reuters) - South Korea suffered its second serious transport accident in just over two weeks on Friday when a subway train in the capital, Seoul, crashed into a train at a station, injuring...

  • Car bombs in central Syria kill 18: state TV

    Car bombs in central Syria kill 18: state TV

    By Reuters

    BEIRUT (Reuters) - Two car bombs in Syria's central province of Hama killed 18 people, including 11 children, and wounded 50 others on Friday, state television said. It said the "terrorist explosions...

  • Euro zone joblessness barely falls in March

    Euro zone joblessness barely falls in March

    By Robin Emmott and Anna Nicolaou, Reuters

    BRUSSELS (Reuters) - The number of people out of work in the euro zone fell slightly in March but remained near a record high, a sign that European households are yet to feel the bloc's economic...

  • Euro zone factory recovery broadens, except for France

    Euro zone factory recovery broadens, except for France

    By Jonathan Cable, Reuters

    LONDON (Reuters) - The recovery in euro zone manufacturing accelerated at the start of the second quarter with solid growth across most of the bloc although French factories struggled to maintain...

  • Red herring in hunt for MH370 highlights air traffic flaws

    Red herring in hunt for MH370 highlights air traffic flaws

    By Tim Hepher, Reuters

    PARIS (Reuters) - Fresh questions have been raised over air traffic co-ordination after a preliminary report on the Malaysia Airlines plane that disappeared almost two months ago revealed 90 minutes...