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The US economy grew at a stronger-than-expected pace in the third quarter, lifted by lower imports and a surge in defense spending, according to government data released Thursday. The world's largest economy expanded at an annual rate of 3.5 percent in the July-September period, the Commerce Department said in its first estimate for the quarter. The economy contracted 2.1 percent in the first quarter largely due to severe winter weather. The report came a day after the Federal Reserve ended its asset-purchase program, revealing increasing confidence in a modestly expanding economy and citing "substantial improvement" in the labor market.
PYONGYANG, North Korea (AP) — North Korea announced Thursday it will quarantine foreigners for 21 days over fears of the spread of the Ebola virus, even though no cases of the disease have been reported in the reclusive country, or anywhere in Asia, and very few foreigners are allowed to enter.