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Major Decision On European Debt Due In Germany

The summer's over, and Europeans are returning from vacation to harsh reality — the battle to save their single currency zone from collapse. Every now and then there's a milestone in a simmering crisis that's ruined banks, brought down governments, and triggered riots and bail-outs. On Wednesday Germany's constitutional court will rule on Europe's new bail out fund.

China's President-To-Be Mysteriously Absent

The man in line to be China's next President has missed a number of official functions recently — leading to speculation about his health. Xi Jinping who's expected to take over the presidency next month, has not been seen in public for the last ten days. Comments on Chinese microblogging sites suggested he might be severely ill, or had been injured in a car crash. However wire reports quoting unnamed official sources say Xi has injured his back while swimming, and is avoiding public events while he recovers.

What We Know About Iran's Nuclear Program

A report from the International Atomic Energy Agency shows that Iran has continued its efforts to enrich uranium. Ever-tightening sanctions appear to be putting a strain on the Iranian economy, but have done little to deter Iran's enrichment program.

The Mysterious Case Of China's Disappearing Heir Apparent

Xi Jinping, the next in line to succeed President Hu Jintao, has missed important meetings in the past week, with officials offering no explanation for his sudden disappearance.

China Sends Patrol Boats To Islands Disputed With Japan

Despite Beijing's claim of sovereignty over the islands, Japan has nationalized them as part of a deal to buy them from private Japanese owners.

Fears Of Currency Devaluation Mount In Egypt

Throughout the government's transitional period, the Egyptian pound remained stable because the government shored it up through foreign reserves. As those reserves reach dangerously low levels, concern is mounting that a major currency devaluation is imminent.