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...

  • IMF wraps up talks on aid for Ukraine -source

    By Natalia Zinets, Reuters

    KIEV (Reuters) - The International Monetary Fund concluded talks with Ukrainian officials on Wednesday, suggesting an imminent announcement of an aid deal for Kiev to help plug the government's...

  • IMF wraps up talks on aid for Ukraine: source

    By Natalia Zinets, Reuters

    KIEV (Reuters) - The International Monetary Fund concluded talks with Ukrainian officials on Wednesday, suggesting an imminent announcement of an aid deal for Kiev to help plug the government's...

  • Egypt's Sisi to run for president, vows to tackle militancy

    Egypt's Sisi to run for president, vows to tackle militancy

    By Tom Perry and Mahmoud Mourad, Reuters

    CAIRO (Reuters) - Abdel Fattah al-Sisi, the general who ousted Egypt's first freely elected leader, declared his candidacy on Wednesday for a presidential election he is expected to easily win. Sisi...

  • U.S. President Barack Obama holds a tri-lateral meeting with President Park Geun-hye of the South Korea (L) and Prime Minister Shinzo Abe of Japan (R) after the Nuclear Security Summit in The Hague March 25, 2014.

    Obama Brings Japan and South Korea to the Table

    By Thomas Escritt and LINDA SIEG, Reuters

    U.S. President Barack Obama brought together the leaders of Japan and South Korea for their first face-to-face talks as a North Korean ballistic missile launch underscored the need for Washington's...

  • Kuwait summit merely papers over Arab rifts

    Kuwait summit merely papers over Arab rifts

    By Sylvia Westall and Amena Bakr, Reuters

    KUWAIT (Reuters) - Arab leaders, at loggerheads over inter-Arab issues including Egypt and Syria, offered little evidence of progress after a two-day summit in Kuwait focused largely on avoiding...