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...

  • Kerry says urged Russia to join US, allies in helping Ukraine

    By Reuters

    WASHINGTON (Reuters) - U.S. Secretary of State John Kerry on Thursday urged Russia to join the United States and allies to help stabilize Ukraine, and cautioned this was not the time for provocative...

  • Britain opens inquiry into letters to IRA suspects

    Britain opens inquiry into letters to IRA suspects

    By Belinda Goldsmith, Reuters

    LONDON (Reuters) - British Prime Minister David Cameron announced on Thursday an independent inquiry into letters sent to IRA suspects, after an angry response to the freeing of an Irishman accused...

  • Venezuela unrest shakes up opposition

    Venezuela unrest shakes up opposition

    By Andrew Cawthorne and Diego Ore, Reuters

    CARACAS (Reuters) - One month ago, Henrique Capriles was Venezuela's undisputed opposition leader, espousing a vision of dialogue and measured dissent towards the socialist government. With a narrow...

  • Russia says can work with West on Ukraine but sets out conditions

    By Reuters

    MOSCOW (Reuters) - Russia said on Thursday it is prepared to work with the West on resolving the crisis in Ukraine but that the interests of all Ukrainians must be taken into account and any...

  • China's Xi to run Internet security body: state media

    China's Xi to run Internet security body: state media

    By Reuters

    BEIJING (Reuters) - Chinese President Xi Jinping is to take the reins of a government body for Internet security and aims to turn China into a "cyber power", official state media reported on Thursday...