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People wait in a line to pay for her purchases at the IKEA store on the outskirts of Moscow, Russia, on March 3, 2022. Furniture and home goods remaining after IKEA exited Russia are being sold off on the Yandex website. (AP Photo, File)

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Russia's economy holds up, but growing challenges test Putin
By DAVID MCHUGH - AP Business Writer
Mon,03/13/23-2:08AM , 177 Reads
Western sanctions have hit Russian banks, wealthy individuals and technology imports.
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Boxes containing Yeezy shoes made by Adidas are seen at Laced Up, a sneaker resale store, in Paramus, N.J., Tuesday, Oct. 25, 2022. Adidas’ breakup with rapper Kanye West and the inability to sell his popular Yeezy line of shoes helped batter the company’s earnings at the end of last year. The German shoe and sportswear maker said Wednesday, March 8, 2023, that higher supply costs and slumping revenue in China also helped lead to a net loss of 513 million euros or $540 million in the fourth quarter. (AP Photo/Seth Wenig, File)

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Adidas wonders what to do with Yeezy shoes after Ye split
By DAVID MCHUGH - AP Business Writer
Wed,03/08/23-4:04AM , 159 Reads
FRANKFURT, Germany (AP) — Adidas is still wrestling with how to dispose of 1.2 billion euros ($1.3 billion) worth of Yeezy shoes after its breakup with the rapper formerly known as Kanye West, forcing the German sportswear maker into a bi
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A fuel trucks drives along a highway in Frankfurt, Germany, Jan. 27, 2023. European Union governments tentatively agreed Friday Feb. 3, 2023, to set a $100-per-barrel price cap on sales of Russian diesel to coincide with an EU embargo on the fuel — steps aimed at ending the bloc's energy dependence on Russia and limiting the money Moscow makes to fund its war in Ukraine. (AP Photo/Michael Probst, File)

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Europe bans Russian diesel, other oil products over Ukraine
By DAVID MCHUGH - AP Business Writer
Sun,02/05/23-7:13AM , 101 Reads
FRANKFURT, Germany (AP) — Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin's fossil fuel earnings as punishment for
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A cargo ship passes the buildings of the banking district in Frankfurt, Germany, Dec. 14, 2022. Europe’s economy has scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants. The European Union statistics agency Eurostat reported Tuesday Jan. 31, 2023, that economic output crept 0.1% higher in the last three months of 2022. (AP Photo/Michael Probst, File)

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Europe scrapes out economic growth by dodging gas disaster
By DAVID MCHUGH - AP Business Writer
Tue,01/31/23-4:22AM , 178 Reads
FRANKFURT, Germany (AP) — Europe’s economy scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants.
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