Kremlin dismisses Lithuania's allegation that Russia plans to attack infrastructure as scare stories intended to pave the way for further militarization.

On July 14, Great Wall Motor founder and chairman Wei Jianjun said the company’s 1H preview showed overall sales and revenue rose YoY. He attributed the reported profit decline to delayed recoupment of overseas tax subsidy benefits and foreign-exchange volatility. Wei said headline figures matter but the company prioritizes healthy development. At the channel level he added the firm is selling more than it is shipping; domestic inventory-to-sales ratios are better than the industry average, supporting healthy operations for the company and dealers.

Federal Reserve Chairman KEVIN WARSH said the Fed's job is to ensure price movements do not broaden into inflation.