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...

  • Egyptian court jails Muslim Brotherhood leader for insulting judiciary

    By Reuters

    CAIRO (Reuters) - An Egyptian court sentenced a leading figure of the Muslim Brotherhood, Mohamed El-Beltagy, to one year in prison on Saturday for insulting the judiciary, the first sentence handed...

  • Gunmen kill two Egyptian policemen near Cairo

    Gunmen kill two Egyptian policemen near Cairo

    By Reuters

    CAIRO (Reuters) - Gunmen killed an Egyptian intelligence officer and a policeman on a road outside Cairo in a late-night firefight, the Interior Ministry said on Sunday. The armed men fled the scene...

  • Two killed in Bahrain car explosion

    By Reuters

    MANAMA (Reuters) - Two people were killed and one wounded when a car blew up in a mainly Shi'ite village in Bahrain on Saturday, and the interior ministry said there were signs the vehicle had been...

  • Air strike kills 13 suspected militants in central Yemen: sources

    By Mohamed Ghobari, Reuters

    SANAA (Reuters) - An air strike killed 13 suspected al Qaeda militants in the central Yemeni province of al-Bayda on Saturday, security and tribal sources said. "An air strike targeted cars that...

  • In Damascus, Christians briefly ignore war for Easter

    In Damascus, Christians briefly ignore war for Easter

    By Reuters

    DAMASCUS (Reuters) - The sound of battles echoes from the outskirts of the capital as Christians in Damascus celebrated the Easter weekend, briefly ignoring the conflict for the yearly ritual. At the...