Global Economy
  • 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...

  • Nine officers removed, one resigns in Air Force cheating probe

    Nine officers removed, one resigns in Air Force cheating probe

    By David Alexander and Phil Stewart, Reuters

    WASHINGTON (Reuters) - The head of the nuclear missile wing at a base in Montana resigned on Thursday and nine officers were removed from their jobs over a test-cheating scandal that involved 91...

  • U.S. Congress passes aid for Ukraine, sanctions on Russia

    U.S. Congress passes aid for Ukraine, sanctions on Russia

    By Patricia Zengerle, Reuters

    WASHINGTON (Reuters) - The U.S. Senate and House of Representatives easily passed bills on Thursday to provide aid to Ukraine, back a $1 billion loan guarantee for the Kiev government and impose...

  • U.S. bans licenses for military exports to Russia

    By Reuters

    WASHINGTON (Reuters) - The United States said on Thursday it imposed a ban this week on the issuance of licenses for the export of defense items and defense services to Russia in response to Russia's...

  • U.N. General Assembly declares Crimea secession vote invalid

    By Louis Charbonneau and Mirjam Donath, Reuters

    UNITED NATIONS (Reuters) - The U.N. General Assembly on Thursday passed a non-binding resolution declaring invalid Crimea's Moscow-backed referendum earlier this month on seceding from Ukraine, in a...

  • U.S. Senate, House pass bills for Ukraine aid, sanctions

    U.S. Senate, House pass bills for Ukraine aid, sanctions

    By Patricia Zengerle, Reuters

    WASHINGTON (Reuters) - The U.S. Senate and House of Representatives easily passed bills on Thursday to provide aid to Ukraine, back a $1 billion loan guarantee for the Kiev government and impose...