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...

  • EU courts Moldova with visa-free travel from Monday

    By Reuters

    BRUSSELS (Reuters) - Moldovan citizens will no longer require visas to travel to the European Union beginning on Monday, as the bloc presses ahead with deeper ties with east European nations in...

  • South Africa marks 20 years of freedom ahead of election

    South Africa marks 20 years of freedom ahead of election

    By Ndundu Sithole and Dinky Mkhize, Reuters

    PRETORIA (Reuters) - South Africa marked two decades of multi-racial democracy on Sunday, still feeling the loss of Nelson Mandela and in somber mood just 10 days before elections which are expected...

  • Abbas calls Holocaust "most heinous crime" against humanity

    Abbas calls Holocaust "most heinous crime" against humanity

    By Jeffrey Heller, Reuters

    JERUSALEM (Reuters) - Palestinian President Mahmoud Abbas called the Nazi Holocaust "the most heinous crime" against humanity in modern times, in an apparent bid to build bridges with Israel days...

  • For Washington, Palestinian pact not the end of Middle East peace hopes

    For Washington, Palestinian pact not the end of Middle East peace hopes

    By Patricia Zengerle, Reuters

    WASHINGTON (Reuters) - The unity pact between Palestinian President Mahmoud Abbas and the militant group Hamas dealt a sharp punch to U.S.-driven peace negotiations with Israel, but the Americans...

  • Fed may offer clues on rate timing conundrum

    Fed may offer clues on rate timing conundrum

    By Philip Blenkinsop, Reuters

    BRUSSELS (Reuters) - U.S. policymakers have the chance this week to give clearer guidance on the future path of interest rates and settle markets that are uncertain over how and when a hike would...