Seven of the 91 European banks that underwent stress tests have failed the healthchecks, the Committee of European Banking Supervisors (CEBS) said on July 23.

Russia is ready to restore military cooperation with NATO almost two years after relations were frozen during the Georgian war, Russia's top general was quoted as saying on July 23.

Chanthu, the third typhoon of the West Pacific season, slowed down on July 22 as it made its way over land in southern China.

The Democratic People’s Republic of Korea (DPRK) has agreed to hold talks on July 23 with the U.S.-led U.N. Command on the peninsula over the sinking of a Republic of Korea (RoK)’s warship.

The European Union reached agreement on July 22 on a package of sanctions against Iran which targets Iran's energy sector over its refusal to halt sensitive nuclear work, an EU diplomat said.

Venezuela has broken off diplomatic relations with Colombia and ordered Colombian diplomats to leave the country on July 25.

Fighting in Yemen has left 24 people dead, with government forces battling Shia rebels in the north and militants in the south.

European officials are scheduled to issue report cards on July 23 afternoon following stress tests of 91 major banks. The tests will rate how big banks would fare in another economic downturn.

Chanthu, the third tropical storm of the season, is expected to make a landfall on coastal areas of southern China's Guangdong Province on Thursday noon, according to meteorologists from the neighboring province of Hainan, which is on the route of the typhoon.

UN Secretary-General Ban Ki-moon is inviting nations to a high-level meeting in September on how to revive stalled international disarmament talks, UN diplomats and officials said on Wednesday.