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...

  • Thailand's 'red shirts' gear up for a fight

    Thailand's 'red shirts' gear up for a fight

    By Amy Sawitta Lefevre and Aubrey Belford, Reuters

    KHON KAEN/BANGKOK (Reuters) - The clock is ticking for Thai Prime Minister Yingluck Shinawatra, who faces impeachment within weeks, but her supporters are hatching plans to thwart any move to dismiss...

  • Chechens offer weary welcome to new Crimean compatriots

    By Thomas Grove, Reuters

    GROZNY, Russia (Reuters) - Days before Crimea voted in a referendum to join Russia from Ukraine, Adam, a Chechen soldier, was ordered to go to the Black Sea peninsula to defend Russia's interests. He...

  • Iraq electoral commission retracts resignation before vote

    Iraq electoral commission retracts resignation before vote

    By Reuters

    BAGHDAD (Reuters) - Members of Iraq's electoral commission retracted their resignations on Sunday, having threatened to quit en masse in protest against political interference just one month before a...

  • Ukraine's 'Chocolate King' could edge new-look Yulia for president

    Ukraine's 'Chocolate King' could edge new-look Yulia for president

    By Richard Balmforth, Reuters

    KIEV (Reuters) - Gone is the trademark peasant-style hair braid, though the familiar voice and the assured, rapid-fire delivery tell you Yulia Tymoshenko is back as a political force in Ukraine. But...

  • North Korea condemns U.N., threatens a 'new form' of nuclear test

    North Korea condemns U.N., threatens a 'new form' of nuclear test

    By Reuters

    SEOUL (Reuters) - North Korea threatened on Sunday to conduct what it called "a new form of nuclear test", raising the level of rhetoric after members of the United Nations Security Council condemned...