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...

  • NATO to triple Baltic air patrol from next month

    NATO to triple Baltic air patrol from next month

    By Adrian Croft, Reuters

    BRUSSELS (Reuters) - NATO will triple its usual number of fighter jets patrolling over the Baltics next month to beef up its eastern European defenses due to tension with Russia over Ukraine, a NATO...

  • U.N. rights chief says Syria government abuses 'far outweigh' rebels

    U.N. rights chief says Syria government abuses 'far outweigh' rebels

    By Michelle Nichols, Reuters

    UNITED NATIONS (Reuters) - Human rights violations by Syrian government forces "far outweigh" those by armed opposition groups, U.N. human rights chief Navi Pillay said on Tuesday, prompting the...

  • Ukraine to get help from new EU support group

    By Reuters

    BRUSSELS (Reuters) - The European Union plans to set up a special support group to help Ukraine stabilize its precarious economy and political situation, an EU diplomat said on Tuesday. Concern is...

  • IMF sees rich nations propelling global growth, but risks linger

    IMF sees rich nations propelling global growth, but risks linger

    By Anna Yukhananov, Reuters

    WASHINGTON (Reuters) - The International Monetary Fund on Tuesday predicted the global recovery would strengthen this year and next as output in richer nations picked up, but it warned of rising...

  • Tit-for-tat gestures would replace Middle East talks

    Tit-for-tat gestures would replace Middle East talks

    By Crispian Balmer, Reuters

    JERUSALEM (Reuters) - If Middle East peace talks collapse this month, lawfare rather than warfare looks likely to fill the void, with the Palestinians set to confront Israel on the diplomatic stage...