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Theory results on precision measurements in electron-positron annihilation atlow and high energies are collected. These cover pure QCD calculations as wellas mixed electroweak and QCD results, involving light and heavy quarks. Theimpact of QCD corrections on the $W$-boson mass is discussed and, last notleast, the status and the perspectives for the Higgs boson decay rate into$b\bar b$, $c\bar c$ and into two gluons.

Precision Measurements in Electron-Positron Annihilation: Theory and Experiment