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BRUSSELS, July 20 (Reuters) - The European Union's foreign policy chief on Thursday proposed a 20 billion euro ($22.4 billion) fund to pay for weapons, ammunition and military aid for Ukraine over four years, but the plan will need more scrutiny from EU governments before any decision is made.High Representative Josep Borrell presented the proposal to EU foreign ministers meeting in Brussels as part of an effort to put European support for Kyiv on a longer-term footing after more than a year of scrambling to respond to Russia's invasion.The proposal...

STOXX 600 down 0.6% in soft start to the weekRichemont slumps after organic sales growth disappointsWeak China data drags other luxury firmsArgenx jumps, helps Brussels stocks outshine EuropeJuly 17 (Reuters) - European shares fell on Monday as Richemont led a slide among luxury firms on weaker-than-expected organic sales growth and as lacklustre economic growth in China raised concerns about demand from the world's second-biggest economy.The pan-European STOXX 600 index (.STOXX) closed 0.6% lower, with luxury giants at the forefront of the selling pressure.Shares of the world's second-biggest luxury firm, Richemont...