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...

  • A man fills up his car at a petrol station in Rome January 6, 2015. REUTERS/Max Rossi

    Wall Street rises, yen hits seven-year low

    By Michael Connor, Reuters

    NEW YORK (Reuters) - World stock markets slipped on Thursday on signs the Chinese and European economies were cooling, while Japan's yen slid to seven-year lows against the dollar amid expectations...

  • A member of the Ukrainian armed forces patrols area in the government-held village of Travneve, Ukraine, November 23, 2017. Picture taken November 23, 2017. REUTERS/Oleksandr Klymenko

    Russia warns U.S. against arms to Ukraine as Biden due in Kiev

    By Thomas Grove and Richard Balmforth, Reuters

    MOSCOW/KIEV (Reuters) - Russia warned the United States on Thursday against supplying arms to Ukrainian forces fighting pro-Russian separatists in eastern Ukraine, hours before U.S. Vice-President...

  • FILE PHOTO: A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan, November 15, 2017. REUTERS/Toru Hanai/File Photo

    Dollar rally pauses, further yen weakness seen

    By Karen Brettell and Masayuki Kitano, Reuters

    NEW YORK (Reuters) - The U.S. dollar dipped from a seven-year high against the yen on Thursday as stocks gained, pausing a rally that has sent the greenback up by almost 10 percent in three weeks,...

  • The Canary Wharf financial district is seen in east London November 12, 2014. REUTERS/Suzanne Plunkett

    UK concedes defeat in bid to block EU bank bonus limit

    By Philip Blenkinsop and Huw Jones, Reuters

    BRUSSELS/LONDON (Reuters) - Britain suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses on Thursday, withdrawing its legal challenge after an...

  • FILE PHOTO: Britain's Prime Minister Theresa May arrives for a meeting with European Council President Donald Tusk at a European Union leaders summit in Brussels, Belgium October 20, 2017. REUTERS/Geert Vanden Wijngaert/Pool/File Photo

    French finance minister says prospect of EU fines 'not an issue'

    By Jan Strupczewski, Reuters

    Several EU officials have told Reuters that a fine was still an option. "The question of fines is brought up every time there's a meeting," Michel Sapin said on Thursday, referring to the upcoming EU...