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...

  • Amid carnage of war, Syria readies for Assad re-election

    Amid carnage of war, Syria readies for Assad re-election

    By Reuters

    DAMASCUS (Reuters) - After three years of grinding conflict, the destruction of whole city districts and an exodus of refugees all triggered by an uprising against his rule, Bashar al-Assad is...

  • Iran to get second tranche of payment under nuclear deal: IRNA

    Iran to get second tranche of payment under nuclear deal: IRNA

    By Reuters

    ANKARA (Reuters) - Iran will soon receive a second installment of previously frozen assets which are being returned to it under an interim nuclear agreement with world powers, the official IRNA news...

  • EU freezes assets of ousted Ukrainian leader and 17 others

    By Reuters

    BRUSSELS (Reuters) - The European Union froze the assets on Thursday of ousted Ukrainian president Viktor Yanukovich, former prime minister Mykola Azarov and 16 other senior Ukrainian officials...

  • Ukrainian flag again flies over Donetsk regional HQ

    By Reuters

    DONETSK, Ukraine (Reuters) - Ukraine again flew its flag over the regional administration building in the eastern city of Donetsk on Thursday after pro-Moscow demonstrators were ejected, and police...

  • Niger extradites Gaddafi's son Saadi to Libya

    Niger extradites Gaddafi's son Saadi to Libya

    By Ulf Laessing and Feras Bosalum, Reuters

    TRIPOLI (Reuters) - Muammar Gaddafi's son Saadi, his special forces commander who fled abroad during Libya's 2011 revolution, was imprisoned in Tripoli on Thursday after Niger agreed to send him back...