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...average inflation rate throughout the region reached nearly 7%, led by spikes in oil and food prices. That was sharply higher than the 2.5% rate in May 2007 - and that's just the regional average. In India, inflation jumped to an 11.6% annual rate in June, according to the latest government figures, the highest in 13 years. In Vietnam, one of Asia's fastest-growing economies, inflation has reached as high as 27% in the past few months...
...Beijing To Go or Not to Go During the July 7-9 G-8 summit, Nicolas Sarkozy and Yasuo Fukuda became the latest heads of state to agree to attend the Beijing Olympics' opening ceremonies, disappointing Tibet advocates who had called for a boycott. Notable RSVPS...
Making decisions about your health is never easy, and things get even harder when the choices involve children. That's why the latest recommendation from the American Academy of Pediatrics (AAP) to widen cholesterol-testing to include kids as young as 2 is shaking up doctors and parents alike. The academy is also urging doctors to consider treating young patients from families with a history of abnormally high cholesterol levels - a major contributor to heart disease - with medications known as statins...
...that showing is an export boom, as Germany's traditional industries such as machinery and machine tools benefit from a flood of orders from China, Russia, India and the Middle East. That in turn is driving investment at home, and has created tens of thousands of jobs. But the latest figures suggest the manufacturing boom has peaked - and the big question is, How pronounced will the slowdown be? On July 4, the government announced that orders to manufacturers dropped by 0.9% in May. Most economists had expected a modest rise, and the unexpectedly poor performance - combined with other data suggesting...
Defense Department officials expressed exasperation at the latest Russian denunciation of the missile shield that U.S. officials maintain is designed only to protect parts of Europe as well as the United States. "No one's name [in the Russian government] is attached to it," Pentagon spokesman Bryan Whitman told TIME shortly after the Russians released their saber-rattling statement. "It's being reported as a foreign ministry statement - and it's got strange wording in it like 'We would be forced to react with military resources' or 'technical means' - what does that mean...