Main news of July 14

RUSSIA

* The Russian Navy resumed a military presence around the Arctic Ocean archipelago of Spitsbergen, which belongs to Norway, a navy statement said

* The Moscow City Court refused to summon the city mayor and other high-profile witnesses in the case of former Yukos shareholder Leonid Nevzlin, charged with organizing murders and attempted murders

* At least one police officer and one gunman were killed in a shootout in the center of Nazran, the largest city in the southern Russian republic of Ingushetia, a local law enforcement source said

WORLD

* South Korea's Foreign Ministry said it would recall its ambassador from Tokyo after the Japanese government reiterated its claim to a group of islets between the countries

* Georgia plans to increase the strength of its armed forces by 5,000 personnel to 37,000 amid growing tensions with Russia over two breakaway provinces, a senior lawmaker said

* U.S. President George W. Bush ordered the Treasury to immediately launch a plan to strengthen the country's two largest mortgage finance firms, Fannie Mae and Freddie Mac, the White House said

* Egypt's proven oil and natural gas reserves have risen to record levels of over 4 billion barrels of crude and 2 trillion cubic meters of gas, national media reported

* Heavy rains in southern China's Guangxi Zhuang Autonomous Region left a three-year-old girl dead and affected 364,700 people in southern China, the Xinhua news agency said

BUSINESS

* Russia may launch a joint venture with China to continue the development of a new passenger airliner, MS-21, the head of a Russian state-run aviation corporation said

* Russia's Irkut corporation, the manufacturer of the famed Sukhoi fighters, has 80 solid orders for Yak-130 combat trainers, the company director said during the Farnborough air show currently being held near London

* Gazprom Neft, the oil producing arm of Russian energy giant Gazprom, said it had closed a deal to raise a $1 billion syndicated loan