Global Economy
  • The U.S. Capitol Building is seen shortly before sunset in Washington, U.S. May 17, 2017. REUTERS/Zach Gibson

    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...

  • Is Cash No Longer King? The Future of Paper Money

    By Dana Kornberg, The Conversation

    On June 27, the ATM turns 50 . Former U.S. Federal Reserve Chairman Paul Volcker once described it as the “ only useful innovation in banking .” But today, the cash that ATMs dispense may be on the...

  • People walk past a branch of Haitong Securities, in Shanghai

    Why China May Be Headed for a Massive Bank Bailout

    By John Ruwitch and Yawen Chen, Reuters

    Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as...

  • A TV camera is seen outside the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, May 25, 2017.  REUTERS/Leonhard Foeger

    Why OPEC's Production Cuts Haven't Boosted the Price of Oil

    By Ahmad Ghaddar, Reuters

    How long will it take for oil inventories to drop to normal levels? That's the question OPEC and oil markets are grappling with before Thursday’s meeting of producer countries in Vienna. At just over...

  • FILE PHOTO - A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. To match Special Report BITCOIN-WRIGHT/PATENTS     REUTERS/Benoit Tessier/Fi

    Bitcoin Is Soaring: Here's the Incredible Gain Since 2010

    By Arjun Kharpal, CNBC

    Monday marks the seven-year anniversary of Bitcoin Pizza Day – the moment a programmer named Laszlo Hanyecz spent 10,000 bitcoin on two Papa John's pizzas. More important than the episode being...

  • Chinese President Xi Jinping attends a news conference at the end of the Belt and Road Forum in Beijing, China May 15, 2017.  REUTERS/Jason Lee

    As the US Pulls Back, China Boosts Global Trade on a New Silk Road

    By Ben Blanchard and Sue-Lin Wong, Reuters

    Chinese President Xi Jinping and 29 other heads of state on Monday reaffirmed their commitment to build an open economy and ensure free and inclusive trade, under the ambitious Belt and Road...

  • Canada's Prime Minister Justin Trudeau takes part in a town hall with high school students in Ottawa, Ontario, Canada, November 3, 2016. REUTERS/Chris Wattie

    Canada Is Launching a Major Test of Universal Basic Income

    By Chris Weller, Business Insider

    Finland , The Netherlands , and San Francisco, California have already shown their interest in giving people a regular monthly allowance — a system known as basic income. Now Ontario, Canada, is...

Global Economy Directory

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