Industry Association: FAW-Volkswagen and SAIC Volkswagen sold a combined 143,812 passenger vehicles in China in June.

Kuwait's foreign minister said Iran's actions reflect a repeated hostile posture, constitute a blatant violation of Kuwait's sovereignty and a direct threat to Kuwait's security, stability and the safety of its citizens and residents, and amount to a serious breach of international law, the UN Charter and UN Security Council resolution 2817.

Validus Risk Management partner Harry Woolman said uncertainty over government spending and revenue plans could push UK asset volatility higher in coming months. With rising spending pressures and constrained public finances, a new government may struggle to maintain fiscal prudence; without sustained growth, difficult trade-offs among tax rises, spending cuts or increased borrowing will become increasingly hard to avoid.