RELINQUISHING. Bill Gates, 50, Microsoft chairman and co-founder; his day-to-day responsibilities running the software giant, as of July 2008; in Redmond, Washington. The move will leave executives Steve Ballmer and Ray Ozzie, whom Gates named to succeed him as chief software architect, to face challenges from competitors such as Google that provide user-friendly software over the Internet. Gates, a 2005 TIME Person of the Year, said he plans to focus more on philanthropic work.

AGREED. Nepal's Maoist rebels, to join an interim government, following a historic meeting between guerrilla leader Prachanda and Prime Minister Girija Prasad Koirala; in...

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