Bill Gates: Don’t cut aid due to recession

Billionaire Bill Gates has urged industrialized nations to honor aid pledges to developing nations despite the recession. ONE, the advocacy group backed by Gates and rock musicians Bob Geldof Bono released a report Thursday attacking several Group of Eight nations for meeting financial aid goals, set in 2005, to countries in sub-Saharan Africa. The report said that Italy, host to the next G8 summit, has “performed especially poorly” in its share of aid spending and that France has fallen behind on its commitment.

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China exports slide a reality check on recovery

Hopes for a China-led recovery to the world economy got a reality check Thursday, as government data showed the country’s exports in May fell a record 26.4 percent compared to last year. With recent disappointing trade figures from South Korea, Taiwan and Germany, the numbers out of China suggests no light yet in sight at the end of the recessionary tunnel.

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New Orleans mayor quarantined in China for possible flu exposure

The mayor of New Orleans, Louisiana, has been quarantined in China after possible exposure to the H1N1 virus, his office said Sunday. Mayor Ray Nagin, who traveled to China on an economic development trip, flew on a plane that carried a passenger being treated for symptoms suspected to be from the virus, commonly known as the swine flu virus, the mayor’s office said in a statement. Nagin, his wife and a member of his security detail have been quarantined in Shanghai, China, though all three are symptom free, the statement said.

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Vettel claims pole position for Turkish GP

Sebastian Vettel grabbed pole for Sunday’s Turkish Grand Prix in Istanbul to deny Jenson Button a hat-trick of starts from top spot on the grid. The German Red Bull driver left it until the final hot lap of the closing 10-minute qualifying session to demote championship leader Button down to second, with Brawn GP team-mate Rubens Barrichello back in third position. It is the third pole of the 21-year-old’s career, with both his victories to date coming from the front of the grid, in Italy last year and China this season

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