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The Dow Jones Industrial Average fell about 875 points on the opening, or about 3 percent, recovered some of the loss and edged up up briefly and then dropped again. S&P 500 declined 3.41 percent. The Nasdaq Composite lost 3.22 percent.

The DPRK leader said he was willing to reopen the inter-Korean industrial park in the border city of Kaesong and resume a suspended tour program to Mount Kumgang on the east coast "without any preconditions."

The Congressional Budget Office (CBO) has warned that growing budget deficits would boost US public debt sharply over the next 30 years if current laws generally remained unchanged.

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The Dow Jones Industrial Average closed up 46.34 points or 0.2 percent to 23,797, while the S&P 500 gained 8.69 points, or 0.3 percent to 2,613. The Nasdaq Composite index closed at 6950.34, up 35.23 points, or 0.51 percent.

The ECA has expressed its willingness to help African countries draw up national strategies to leverage opportunities created by the initiative.

The Chinese social media and gaming giant peaked in value in January 2018 before dropping sharply after its core business was affected by a government crackdown on the gaming sector, losing around 4 billion in market capitalization with a 23 percent stock price drop in the year.

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The Diamond Princess, operated by Carnival Corp, has been quarantined in Yokohama since Feb 3 after a man, who disembarked in Hong Kong before it travelled to Japan, was diagnosed with the virus.

The FBI Minneapolis Division said in a statement that the investigation will focus on whether the four officers "willfully deprived of a right or privilege protected by the Constitution or laws of the United States".

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The DPRK said on Wednesday the launch was a first step in military action in the Pacific to "contain" the US territory of Guam, after US President Donald Trump said on Tuesday that "all options are on the table".

The Democratic People's Republic of Korea (DPRK) fired a ballistic missile on Wednesday, news agency Yonhap of the Republic of Korea (ROK) reported, citing the ROK's Joint Chiefs of Staff.