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...

  • Hindu temple set on fire in Pakistan over blasphemy

    Hindu temple set on fire in Pakistan over blasphemy

    By Syed Raza Hassan, Reuters

    ISLAMABAD (Reuters) - Hundreds of angry Pakistanis attacked a Hindu temple and set it on fire in southern Pakistan overnight following a rumor that a member of the Hindu community had desecrated the...

  • China plans investment and reform to ease urbanization drive

    China plans investment and reform to ease urbanization drive

    By Reuters

    SHANGHAI (Reuters) - China is planning a major expansion of its transport networks and urban infrastructure as it seeks to increase migration from rural to urban areas, lifting incomes and demand to...

  • Iran pursuing banned items for nuclear, missile work: U.S. official

    Iran pursuing banned items for nuclear, missile work: U.S. official

    By William Maclean, Reuters

    DUBAI (Reuters) - Iran has pursued a longstanding effort to buy banned components for its nuclear and missile programs in recent months, a U.S. official said on Sunday, a period when it struck an...

  • Swords of Damocles threaten French comeback for Sarkozy

    Swords of Damocles threaten French comeback for Sarkozy

    By Mark John, Reuters

    PARIS (Reuters) - "'Affaires'? They're picking up again," joked President Francois Hollande to reporters last week in a pun on the French word for both business activities and political scandals...

  • Long road to hold Kim, North Korea liable for crimes

    Long road to hold Kim, North Korea liable for crimes

    By Stephanie Nebehay and Tom Miles, Reuters

    GENEVA (Reuters) - Western and Asian powers will begin pressing this week for North Korea to be held liable for crimes against humanity documented in a United Nations report, but concede that their...