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Jewish leader condemns German vice chancellor's Iran trip

BERLIN, July 22 (Reuters) - The head of the World Jewish Congress sharply criticised German Economy Minister Sigmar Gabriel on Wednesday for his recent visit to Iran, accusing him of putting business interests before morals and calling his approach to Tehran naive.

High-speed Czech train crash kills two, injures 12

PRAGUE, July 22 (Reuters) - A high-speed passenger train collided with a truck at a railway crossing in the Czech Republic on Wednesday, killing two people and injuring 12, the police said.

Former senior Chinese energy executive stands trial

BEIJING, July 22 (Reuters) - A former senior Chinese energy executive has gone on trial this week, the official Xinhua news agency reported on Wednesday, part of the government's sweeping crackdown against deep-rooted corruption.

UPDATE 1-BHP's 'four pillars' no buffer against weak commodity prices

* "Four Pillars" strategy offers little protection (Adds link to graphic)

Gemfields says Montepuez mine to yield rubies for over 20 years

July 22 (Reuters) - Gemfields Plc said an independent report confirmed that its 75 percent-owned Montepuez ruby mine in Mozambique has enough reserves to last more than two decades.

BHP's 'four pillars' no buffer against weak commodity prices

SYDNEY, July 22 (Reuters) - BHP Billiton's strategy of diversifying across commodities was designed to shield the miner in a volatile sector, but its entire suite of products suffered double-digit price falls in the latest half-year.

UPDATE 2-China says Japan defence review misleading, Japan releases photos

* China calls Japan defence review "malicious and misleading"

UPDATE 2-Iran says rejects curbs after 10 years, will back allies

* More sanctions would lack 'credibility' (Recasts, adds quotes, background)

UPDATE 1-UAE to free up gasoline, diesel prices in major reform

ABU DHABI, July 22 (Reuters) - The United Arab Emirates said it would let domestic fuel prices move more freely in a politically sensitive reform that could save the government billions of dollars and begin reducing the wealthy country's love of gas-guzzling cars with big engines.

UPDATE 2-Britain moves to slash renewable subsidy costs

* Doubt over renewable power auction (Updates comments, details throughout)

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