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...

  • China blames Philippines for latest South China Sea incident

    China blames Philippines for latest South China Sea incident

    By Reuters

    BEIJING (Reuters) - China on Wednesday accused the Philippines of "deliberate provocations" over an incident in disputed waters in the South China Sea that drew a protest from Manila about what it...

  • U.S. warns banks to watch for ousted Ukraine leader moving looted funds

    U.S. warns banks to watch for ousted Ukraine leader moving looted funds

    By Reuters

    (Reuters) - The U.S. Treasury warned banks on Tuesday to be on the look-out for potentially suspicious transfers of financial assets by Ukraine's fugitive President Viktor Yanukovich or members of...

  • Turkish foreign minister says world has failed Syria

    Turkish foreign minister says world has failed Syria

    By Samia Nakhoul and Nick Tattersall, Reuters

    ANKARA (Reuters) - Turkey's foreign minister said Syria's worsening war now posed a danger to all countries because President Bashar al-Assad's government had been allowed to continue its "crimes"...

  • Gunfire by night becomes new norm in downtown Bangkok

    Gunfire by night becomes new norm in downtown Bangkok

    By Pairat Temphairojana and Amy Sawitta Lefevre, Reuters

    BANGKOK (Reuters) - Shots fired by unknown gunmen on Wednesday rattled parts of the Thai capital where anti-government protesters have set up camp for weeks, with small but occasionally deadly bombs...

  • Pentagon plans work on new missile defense interceptor

    Pentagon plans work on new missile defense interceptor

    By Andrea Shalal, Reuters

    WASHINGTON (Reuters) - The next U.S. military budget will include funds to overhaul Boeing Co's ground-based missile defense system and develop a replacement for an interceptor built by Raytheon Co,...