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...

  • No Iran report with new bomb research information: IAEA

    No Iran report with new bomb research information: IAEA

    By Dan Williams and Fredrik Dahl, Reuters

    JERUSALEM/VIENNA (Reuters) - The U.N. nuclear watchdog said on Friday it had not prepared a report with new information about suspected atomic bomb research in Iran, after Israel urged it to go...

  • Mt. Gox files for bankruptcy, blames hackers for losses

    Mt. Gox files for bankruptcy, blames hackers for losses

    By Yoshifumi Takemoto and Sophie Knight, Reuters

    TOKYO (Reuters) - Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual...

  • EU-U.S. trade talks face growing hostility, ministers warn

    EU-U.S. trade talks face growing hostility, ministers warn

    By Robin Emmott, Reuters

    ATHENS (Reuters) - Free-trade talks between the United States and the European Union are in danger of being derailed by populist groups opposing everything from globalization to multinationals, EU...

  • Israel warns Lebanon to curb Hezbollah reprisals for air strike

    Israel warns Lebanon to curb Hezbollah reprisals for air strike

    By Reuters

    JERUSALEM (Reuters) - Israel warned Lebanon on Friday to prevent threatened Hezbollah retaliation for an alleged Israeli air strike on a site used by the guerrillas on the Syrian border. Israel has...

  • Euro zone inflation stabilizes in 'danger zone'

    Euro zone inflation stabilizes in 'danger zone'

    By Jan Strupczewski, Reuters

    BRUSSELS (Reuters) - Euro zone inflation stabilized in the European Central Bank's "danger zone" in February but did not fall as expected, making it less likely the ECB will loosen monetary policy...