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...

  • Egypt investors believe Sisi presidency will bring stability

    Egypt investors believe Sisi presidency will bring stability

    By Noah Browning, Reuters

    CAIRO (Reuters) - Egyptian Army chief Field Marshal Abdel Fattah al-Sisi may not look like a model democrat, but foreign and local businessmen believe he can deliver stability to open up investment...

  • Taliban suicide attack on Afghan police station kills 11

    Taliban suicide attack on Afghan police station kills 11

    By Rafiq Shirzad, Reuters

    JALALABAD, Afghanistan (Reuters) - Taliban fighters killed at least 11 people and wounded 22 in a suicide bomb attack and gunbattle at a police station in Afghanistan's eastern Jalalabad city early...

  • Venezuela arrests one opposition mayor, jails another

    Venezuela arrests one opposition mayor, jails another

    By Daniel Wallis and Esteban Israel, Reuters

    CARACAS (Reuters) - Venezuelan intelligence agents on Wednesday arrested one opposition mayor accused of stoking violent protests, while another was jailed for 10 months in the latest moves against...

  • Spain beefs up African enclave security after hundreds storm border

    Spain beefs up African enclave security after hundreds storm border

    By Juan Medina, Reuters

    MELILLA, Spain (Reuters) - Spain has more than doubled the strength of security forces at its North African enclave of Melilla, after about 500 people stormed its fences in the biggest border rush...

  • Israel approves 184 new settlement homes

    By Reuters

    JERUSALEM (Reuters) - Israel's Jerusalem municipality approved building plans on Wednesday for 184 new homes in two Jewish settlements in the occupied West Bank, drawing anger from Palestinians...