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Residents queue at a bank branch in Kherson, southern Ukraine, Nov. 21, 2022. Even as Ukraine celebrates recent battlefield victories, its government faces a looming challenge on the financial front: how to pay the enormous cost of the war effort without triggering out-of-control price spikes for ordinary people or piling up debt that could hamper postwar reconstruction. (AP Photo/Bernat Armangue, File)

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EXPLAINER: Can Ukraine pay for war without wrecking economy?
By DAVID MCHUGH - AP Business Writer
Sat,12/03/22-1:24AM , 233 Reads
FRANKFURT, Germany (AP) — Even as Ukraine celebrates recent battlefield victories, its government faces a looming challenge on the financial front: how to pay the enormous cost of the war effort without triggering out-of-control
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Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), speaks during an interview with The Associated Press in Berlin, Germany, Tuesday, Nov. 29, 2022. (AP Photo/Michael Sohn)

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The AP Interview: IMF head urges China to end mass lockdowns
By DAVID MCHUGH - AP Business Writer
Tue,11/29/22-6:36AM , 150 Reads
BERLIN (AP) — It is time for China to move away from massive lockdowns and toward a more targeted approach to COVID-19, the head of the International Monetary Fund said days after widespread protests broke out, a change that would e
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A sign is displayed in front of an Adidas retail store in Paramus, N.J., Tuesday, Oct. 25, 2022. Adidas has ended its partnership with the rapper formerly known as Kanye West over his offensive and antisemitic remarks, the latest company to cut ties with Ye and a decision that the German sportswear company said would hit its bottom line. (AP Photo/Seth Wenig)

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Adidas' breakup with Ye drives lower earnings outlook
By DAVID MCHUGH - AP Business Writer
Wed,11/09/22-2:36AM , 237 Reads
FRANKFURT, Germany (AP) — Adidas on Wednesday lowered its earnings forecast for the year to account for losses from ending its partnership with the rapper formerly known as Kanye West over his antisemitic remarks.
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Christine Lagarde, President of the European Central Bank (ECB), gives a press conference at ECB headquarters in Frankfurt, Germany, Thursday, Oct. 27, 2022. The European Central Bank has made another outsized interest rate hike aimed at squelching out-of-control inflation. It increased rates by three-quarters of a percentage point Thursday at a meeting in Frankfurt. (Arne Dedert/dpa via AP)

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Europe sees fastest pace of rate hikes since euro launched
By DAVID MCHUGH - AP Business Writer
Thu,10/27/22-3:10AM , 136 Reads
FRANKFURT, Germany (AP) — The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates at the fastest pace in the euro currency’s history and underscoring the bank's determination to control prices despite the
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