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The EBRD model also focuses on the private sector, he said. Since China became the newest shareholder in the EBRD, the cooperation between the multilateral bank and Chinese organizations has deepened and broadened.

The EU and China have already taken steps in the right direction. The EU has implemented an emissions trading program under which companies that emit large amounts of CO2 should report their emission levels.

The Dow Jones Industrial Average slipped 130.40 points, or 0.47 percent, to 27,901.98. The S&P 500 fell 28.48 points, or 0.84 percent, to 3,357.01. The Nasdaq Composite Index decreased 140.19 points, or 1.27 percent, to 10,910.28.

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The Dow Jones Industrial Average dropped 200 points, or 0.8 percent, within 30 minutes of the Fed's announcement on Wednesday, but rebounded to close at 27,147.08, up 36.28 points or 0.13 percent.

The Department of Education's study, which compared test scores to similar English schools that have not implemented the mastery method, found there had been no change in the test results of 11-year-olds.

The City of Alexandria and Arlington County partnered to form National Landing, a new community that will be Amazon’s second home. A 10-minute drive from Washington, D.C., it positions Amazon near the seat of the federal government.

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The DPRK fired off short-range projectiles in recent weeks in an apparent protest against the ongoing joint annual military exercises of ROK and the United States.

The Environmental Protection Agency will keep disaster-response teams and other essential workers on the job as it becomes the latest agency to start furloughing employees in the government shutdown. Spokeswoman Molly Block says the EPA will implement its shutdown plan at midnight Friday. That will mean furloughing many of its roughly 14,000 workers.

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The Dow Jones Industrial Average was up 212.90 points, or 0.87 percent, to 24,573.04. The S&P 500 increased 21.54 points, or 0.81 percent, to 2,677.84. The Nasdaq Composite Index was up 49.63 points, or 0.70 percent, to 7,156.28.

The Chinese red-headed centipede. [Photo provided to chinadaily.com.cn]