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Asian Shares up, but Italian Debt Worry Caps Gains

Asian shares rose Tuesday, but gains were capped by concerns that surging bond yields could stifle debt-ridden Italy's fund-raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.

Batumi: A First Glimpse of the New Georgia

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The Republic of Georgia's President, Mikheil Saakashvili, vowed to transform the small resort town of Batumi into the nation's economic and cultural powerhouse. Stephen Robert Morse traveled to Batumi to investigate Saakashvili's progress.
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Asian Shares Dip After Greek Coalition Deal

Asian shares struggled and credit markets weakened Monday, with investors still nervous despite the agreement on formation of a new Greek unity government intent on avoiding imminent debt default.
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Ex-General Elected President of Guatemala

A retired right-wing general promising a crackdown on violent crime won Guatemala's presidential election Sunday and will be the first military man to take power since democracy was restored in 1986.
The German national soccer team takes photos of a lion while on safari

Kenya Moves to Block Bio-Piracy

The Kenyan government made a move this week to begin laying down a framework for regulating bio-prospecting by foreign groups, discouraging bio-piracy and spurring commercialization simultaneously.
Incoming ECB President Draghi speaks at the "World Savings Day" meeting in Rome

Draghi Faces Maelstrom on Debut as ECB President

Mario Draghi faces a storm at his first policy meeting as European Central Bank president on Thursday but is unlikely to be pushed into a dramatic ramping up the bank's response to the escalating euro zone crisis.
An aerial view shows a flooded Honda car factory in Ayutthaya province, Thailand

Laptop Shortage Results from Thailand Flooding, Will Prices Rise?

Severe flooding in Thailand, which has taken the lives of almost 400 people and nearly obliterated its rice crop export, has resulted in a laptop shortage that will undoubtedly cause prices of electronics to rise, just in time for the holiday shopping season.
Federal Reserve Chairman Ben Bernanke

Fed Lowers GDP Forecast, Holds Policy Steady

The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe's debt crisis posed big downside risks to the U.S. economy.
Economy signals a sluggish rebound

Economy signals a sluggish rebound

The economy gained momentum for a third straight month in August, growing 0.3 percent from September and putting to rest fears of a recession, but not showing enough strength to trigger interest rate hikes

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