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...

  • Missing radioactive material may pose 'dirty bomb' threat: IAEA

    Missing radioactive material may pose 'dirty bomb' threat: IAEA

    By Fredrik Dahl, Reuters

    VIENNA (Reuters) - About 140 cases of missing or unauthorized use of nuclear and radioactive material were reported to the U.N. atomic agency in 2013, highlighting the challenges facing world leaders...

  • EU options on Russian energy stranglehold few and pricy

    EU options on Russian energy stranglehold few and pricy

    By Henning Gloystein, Reuters

    LONDON (Reuters) - Russia's seizure of the Crimea and its threat to cut off gas to Ukraine, a transit route to the rest of Europe, have revived calls to reduce the EU's reliance on Moscow for energy...

  • Gunmen ram explosives-laden tanker into Iraq police HQ

    By Reuters

    TIKRIT, Iraq (Reuters) - Scores of gunmen took over a federal police headquarters in northern Iraq on Friday before driving a tanker laden with explosives into the building, killing many, a...

  • Eleven die in clashes in Lebanon's Tripoli

    Eleven die in clashes in Lebanon's Tripoli

    By Reuters

    TRIPOLI, Lebanon (Reuters) - Eleven people died in the northern Lebanese city of Tripoli on Friday in fighting between supporters and opponents of Syrian President Bashar al-Assad which also sparked...

  • Turkish PM Erdogan says rivals will be crushed

    Turkish PM Erdogan says rivals will be crushed

    By Nick Tattersall and Humeyra Pamuk, Reuters

    ISTANBUL (Reuters) - Turkish Prime Minister Tayyip Erdogan, rallying hundreds of thousands of cheering supporters in Istanbul, said on Sunday that political enemies accusing him of corruption would...