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Yeezy shoes made by Adidas are displayed at Laced Up, a sneaker resale store, in Paramus, N.J., on Oct. 25, 2022. Adidas forecast it may have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West. The company on Wednesday, Nov. 8, 2023 said it will decide in the coming weeks whether or not to do a third release of the shoes next year to generate more donations to groups fighting anti semitism. (AP Photo/Seth Wenig, File)

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Adidas says it may write off remaining unsold Yeezy shoes after breakup with Ye
By DAVID MCHUGH - AP Business Writer
Wed,11/08/23-7:20AM , 124 Reads
FRANKFURT, Germany (AP) — Adidas said it might have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West.
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The sun begins to set behind crude oil tanks and a pumpjack, July 5, 2022, in Midland, Texas. The IEA’s annual world energy outlook, which analyzes the global picture of energy supply and demand, was released Tuesday, Oct. 24, 2023. (Eli Hartman/Odessa American via AP, File)

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Gaza has oil markets on edge. That could build more urgency to shift to renewables, IEA head says
By DAVID MCHUGH - AP Business Writer
Mon,10/23/23-11:04PM , 101 Reads
FRANKFURT, Germany (AP) — Tensions from the war in Gaza could help accelerate the move away from planet-warming fossil fuels like oil and gas and toward renewable energy, electric cars and heat pumps — similar to how sharp increases in the price of oil during the 1970s unleashed efforts to co
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An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, on Oct. 11, 2022, one of the largest facilities for oil and petroleum products in southern Russia. For months after Ukraine's Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic. Most of Moscow's crude — its main moneymaker — cost less than that.(AP Photo, File)

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A price cap on Russian oil aims to starve Putin of cash. But it's largely been untested. Until now
By DAVID MCHUGH - AP Business Writer
Mon,10/23/23-1:28AM , 73 Reads
FRANKFURT, Germany (AP) — For months after Ukraine's Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic. Most of Moscow's crude — its main moneymaker — cost less than that.
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Heavy machinery is used to cut trees to widen an existing Central Maine Power power line corridor to make way for new utility poles, April 26, 2021, near Bingham, Maine. Stalled spending on electrical grids worldwide is slowing the rollout of renewable energy and could put efforts to limit climate change at risk if millions of miles of power lines aren't added or refurbished in the next few years. The International Energy Agency said in a report Tuesday that the capacity to connect to and transmit electricity isn't keeping pace with the rapid growth of clean energy technology like solar and wind power, electric cars and heat pumps. (AP Photo/Robert F. Bukaty, File)

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Electrical grids aren't keeping up with the green energy push. That could risk climate goals
By DAVID MCHUGH - AP Business Writer
Tue,10/17/23-12:07AM , 70 Reads
FRANKFURT, Germany (AP) — Stalled spending on electrical grids worldwide is slowing the rollout of renewable energy and could put efforts to limit climate change at risk if millions of miles of power lines are not added or refurbished in th
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