News brief: Big stories of the day

North Korea will suspend nuclear and missile tests effectively immediately and abolish a nuclear test site in a bid to pursue economic growth and peace on the Korean peninsula, the North`s state media said on Saturday, ahead of planned summits with South Korea and the United States.

As the gap between short- and long-term borrowing costs hovers near its lowest in more than 10 years, speculation has risen over whether the so-called yield curve is signalling that a recession could be around the corner. Not to worry, two influential Federal Reserve policymakers said on Friday.

Walmart Inc could seal a deal to buy a more than 51% stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday.

Demanding an end to gun violence and tougher restrictions on firearm sales, thousands of students again walked out of classes across the United States on Friday in hopes of putting pressure on politicians ahead of November's midterm elections.

The International Monetary Fund has said it wants continued momentum in India's growth and structural reforms despite the election period.