Xinhua world news summary at 0030 GMT, July 8

The Greek debt talks will end this week and Greek proposals including detailed reform plan should be presented by Thursday at the latest, European Council President Donald Tusk said on Tuesday night.

As the finance ministers of euro zone countries didn't receive new proposals they had expected from Greece on Tuesday's Eurogroup meeting, Tusk urged Greece to submit its proposals in next days. (EU-Greece)

- - - -

BRUSSELS -- European Commission (EC) President Jean-Claude Juncker said on Tuesday night after a Euro summit that Grexit cannot be ruled out though he doesn't want Greece to leave the eurozone.

"Friday morning will be the last moment," Juncker said, setting a deadline for the Greek government to present "credible and comprehensive" proposals to move forward. (EU-Greece)

- - - -

WASHINGTON -- Two people were killed after an F-16 fighter jet of the U.S. Air Force collided with a civilian plane in the state of South Carolina Tuesday morning.

The two people were aboard the civilian plane, a Cessna C-150 model, which was destroyed after the collision, and the two people aboard were killed after the crash, according to U.S. National Transportation Safety Board (NTSB) spokesman Peter Knudson. (U.S.-Accident)

- - - -

JOHANNESBURG -- China's central bank on Tuesday signed a memorandum of understanding (MOU) with its South African counterpart to set up a yuan clearing system in South Africa.

The MOU is for the purposes of clearing and settlement of yuan in South Africa, said the South African Reserve Bank (SARB). (Africa-Yuan) Endite