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 panel mostly blames Mursi supporters for deaths in protest break-up

    Egypt panel mostly blames Mursi supporters for deaths in protest break-up

    By Maggie Fick and Shadia Nasralla, Reuters

    CAIRO (Reuters) - A government-appointed panel said on Wednesday that the deaths of hundreds of Muslim Brotherhood supporters at a protest camp in Cairo last August was mostly the fault of...

  • Venezuela's Chavez remembered with pomp and protests

    Venezuela's Chavez remembered with pomp and protests

    By Andrew Cawthorne and Girish Gupta, Reuters

    CARACAS (Reuters) - Followers of late socialist leader Hugo Chavez flooded the streets of Venezuela on Wednesday for the anniversary of his death, an emotional but welcome distraction for his...

  • West presses Iran to address suspected atomic bomb research

    West presses Iran to address suspected atomic bomb research

    By Fredrik Dahl, Reuters

    VIENNA (Reuters) - Western powers pressed Iran on Wednesday to tackle suspicions that it may have worked on designing an atomic bomb and the United States said the issue would be central to the...

  • Three Gulf Arab states recall envoys in rift with Qatar

    Three Gulf Arab states recall envoys in rift with Qatar

    By Angus McDowall and Amena Bakr, Reuters

    RIYADH/DOHA (Reuters) - Saudi Arabia, the United Arab Emirates and Bahrain withdrew their ambassadors from Qatar on Wednesday in an unprecedented public split between Gulf Arab allies who have fallen...

  • Israel seizes arms shipment

    Israel seizes arms shipment

    By Dan Williams, Reuters

    JERUSALEM (Reuters) - The Israeli navy seized a ship in the Red Sea on Wednesday that was carrying dozens of advanced Iranian-supplied rockets made in Syria and intended for Palestinian guerrillas in...