1 US TRADE WAR COULD COST GLOBAL ECONOMY $430 BILLION, IMF WARNS WWW.RT.COM PUBLISHED:2018/07/18      2 US PLANS G7 TALKS ON CHINA WWW.NHK.OR.JP PUBLISHED:2018/07/18      3 GOOGLE HIT WITH RECORD EU FINE OVER SHOPPING SERVICE WWW.BBC.COM PUBLISHED:2018/07/18      4 TURQUOISE HILL ANNOUNCES SECOND QUARTER 2018 PRODUCTION AND COMPLETION OF SHAFT 5 WWW.GOGO.MN PUBLISHED:2018/07/18      5 DEVELOPMENT OF BILL ON CIVIL SERVANT CODE OF CONDUCT FINALIZED WWW.GOGO.MN PUBLISHED:2018/07/18      6 CRUDE OIL EXPORTS GENERATED 94.3 BILLION WWW.GOGO.MN PUBLISHED:2018/07/18      7 MONGOLIAN PRESIDENT SUMMONS IRREGULAR PARLIAMENTARY SESSION WWW.NEWS.MN PUBLISHED:2018/07/18      8 JEFF BEZOS IS NOW WORTH MORE THAN BILL GATES AND LARRY PAGE COMBINED WWW.CNN.COM PUBLISHED:2018/07/17      9 APARTMENT COMPLEX FOR YOUNG FAMILIES UNDER CONSTRUCTION IN ERDENET WWW.MONTSAME.MN PUBLISHED:2018/07/17      10 NUM GRADUATES INVITED TO WORK FOR TOSHIBA CORPORATION WWW.MONTSAME.MN PUBLISHED:2018/07/17      ГЕРМАНЫ “ЧИНГИС ХААН” ХАМТЛАГ ИРЭХ ОНД МОНГОЛД ТОГЛОЛТОО ХИЙНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/18     АНУ, ОХУ ХҮЙТЭРСЭН ХАРИЛЦААНДАА ЦЭГ ТАВИЛАА WWW.UBINFO.MN НИЙТЭЛСЭН:2018/07/18     ХУДАЛДААНЫ ДАЙН ХЯТАДЫН КОМПАНИУДАД НӨЛӨӨЛЖ ЭХЭЛЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/18     МОНГОЛД 92 ОРНЫ 9.6 МЯНГАН ГАДААДЫН ИРГЭН АЖИЛЛАЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/18     ГАДААД ХУДАЛДААНЫ НИЙТ БАРАА ЭРГЭЛТ 6,3 ТЭРБУМ АМ.ДОЛЛАРТ ХҮРЧЭЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/07/18     ЕВРОПЫН ХОЛБОО ЯПОН УЛСТАЙ ЧӨЛӨӨТ ХУДАЛДААНЫ ГЭРЭЭ БАЙГУУЛАВ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/07/18     АЖ ҮЙЛДВЭРЖИЛТИЙН ЭРЧ СУЛАРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/18     МӨНГӨНИЙ НИЙЛҮҮЛЭЛТ 3.8 ИХ НАЯД ТӨГРӨГӨӨР НЭМЭГДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/18     ОЛОН УЛСЫН ИННОВАЦИЙН ИНДЕКСЭЭР МОНГОЛ УЛС 53-Т ЖАГСЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/17     ШАДАР САЙД НҮБ-ЫН ӨНДӨР ТҮВШНИЙ УУЛЗАЛТАД ОРОЛЦОЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17    

Events

Name organizer Where
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

64x64

IBM launches enterprise-ready blockchain service www.reuters.com

 
International Business Machines Corp has launched a service that will allow businesses to build applications on its cloud using blockchain code from the Hyperledger Project, the cross-industry group led by the Linux Foundation.
 
The U.S. technology company said on Monday its new product called IBM Blockchain was the first service for developers to build enterprise-grade technology using Hyperledger Fabric, the first code set to be released by the open source group.
 
The Fabric blockchain can process more than 1,000 transactions per second and has the necessary features to be used by large enterprises to build their applications, IBM said.
 
It added it was working with technology company SecureKey Technologies and a group of Canadian banks to build a digital identity network using its new blockchain services.
 
The network, set for launch later this year, is aimed at making it easier for consumers to prove their identities when accessing services such as new bank accounts, driver's licenses or utilities. Banks involved include Bank of Montreal, Royal Bank of Canada, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Toronto-Dominion Bank.
 
Blockchain, which emerged as the system running cryptocurrency bitcoin, is a digital shared record of transactions that is maintained by a network of computers on the internet, without the need of a centralized authority.
 
Big businesses, including many of the world's largest banks, have been increasing their investment in the technology in hopes it can help them reduce the complexity and costs of some of their most burdensome processes, such as the settlement of securities or international payments.
 
Technology companies and professional services firms have also been ramping up their investment in blockchain, as they race to capture the nascent market.
 
IBM has been one of the most aggressive large technology companies on blockchain and has several large clients developing applications with the technology, including Northern Trust Corp, Wal-Mart Stores Inc and the Depository Trust & Clearing Corporation.
 
IBM said it had also tested a blockchain-based asset management platform for carbon assets with Chinese company Energy-Blockchain Labs. The companies aim to release the platform, built using the new IBM Blockchain, later this year.
 
 
...


64x64

Japan, Germany ink pact on green energy project www.nhk.or.jp

Japan and Germany have signed an agreement to start a joint project to stabilize renewable energy supplies.

Japan's New Energy and Industrial Technology Development Organization, or NEDO, and the Niedersachsen state government in northern Germany inked the deal in the state capital, Hanover, on Sunday.

3 Japanese firms, including a battery maker, and a German power company plan to take part in the 3-year project, which is set to begin next month.

They say they want to stabilize green energy supplies by saving electricity at a large storage facility when an amount well above the level of demand goes into power grids.

They say stored electricity will be used during power shortages.

Germany is sharply increasing its output of wind, solar and other forms of green energy, as the government tries to phase out nuclear power by 2022. But fluctuating output that depends on weather conditions poses a major challenge.

NEDO Chairman Kazuo Furukawa says his organization wants to introduce what it will learn in Germany to Japan and help Japanese firms start businesses in other countries.

 
 
 
...


64x64

Mongolia plans to export 40 tonnes of gold www.news.mn

Mongolia Gold 2017 Conference and Exhibition opened at the Chinggis Hotel on 17th of March. The event is being organised by the Mongolian Mining Exchange in cooperation with the Ministry of Mining and Heavy Industry, Mongolbank, BCM and HKIMA.

"Gold-2" was approved by the Mongolian Cabinet as a key part of the raft of measures to revive the economy; it aims at increasing gold production by two to three tonnes annually, leading to an annual production target of 25 tonnes by 2020. Mongolian gold export is forecast to reach 15.8-40.0 tonnes in the next decade and gold revenue to USD 1177.9 million by 2020.

The conference is intended to discuss a wide range of issues connected with the gold mining sector and plans to set goals for seeking ways to improve and stabilise the legal environment for gold mining. The event will address solutions to the recent financial concerns of recent years. Related to this, the government is to implement “Gold-2” project, to introduce gold projects to investors as well as advanced technologies, expand business relations and cooperation, and exchange international experience.

...


64x64

China Datang Corp vows to collaborate on reducing air pollution in Ulaanbaatar www.montsame.mn

Ulaanbaatar /MONTSAME/ On March 17, Prime Minister J.Erdenebat received a visiting delegation to Mongolia of China Datang Corporation at the latter’s request. China Datang expressed interest in investing in Mongolia’s energy and heating system.

At the beginning of this meeting, the Prime Minister highlighted that investment to energy and heating will be supported in Mongolia by all means, mentioning the Mongolian and Chinese sides have agreed on building joint regional energy generator during the visit of China’s Prime Minister Li Keqiang to Mongolia, took place last September.

China Datang has abundant expertise in coal liquefaction and air pollution reduction approaches. The delegates shared that the company has been participating in Beijing’s projects on air pollution, as its fuel technology maintains the lowest amount of toxic smog emission.

A pivotal part of Ulaanbaatar’s air pollution is caused by chimney smoke from Ger households, said PM J.Erdenebat in response. What Ulaanbaatar needs first is a comprehensive project on expanding the reach of electric power network, ensuring reliability of energy resources and extending the heating system to ger areas. “We will be willing to consider cooperation with you in the presence of such a comprehensive project”, he underlined.

President of China Datang, Mr Chen Jinhang pledged to submit a proposal for a package of project directed at tackling Ulaanbaatar’s air pollution.

...


64x64

Coal mine in Germany turns into hydroelectric battery www.mining.com

RAG AG-owned Prosper-Haniel hard coal mine, located in the German state of North-Rhine Westphalia, will be turned into a giant battery that stores excess solar and wind energy.

Set to be totally transformed by 2018, the mine will become a 200-megawatt pumped-storage hydroelectric reservoir, which means it will behave as a battery and have the energy to power more than 400,000 homes.

When needed to compensate intermittent wind and solar power, as much as 1 million cubic meters of water could be allowed to plunge as deep as 1,200 metres, turning turbines at the foot of the collieries mine shafts. The mining complex comprises 26 kilometres of horizontal shafts.

Miners in the town of Bottrop, who have worked for decades at the site, will remain employed while seeing a shift in their usual tasks. According to governor Hannelore Kraft, they will continue playing a key role in providing uninterrupted power for the country.

During a press briefing earlier this week, Kraft also said that other mines may follow suit because the state needs more industrial-scale storage as it seeks to double the share of renewables in its power portfolio to 30% by 2025.

...


64x64

Google braces for questions as more big-name firms pull adverts www.theguardian.com

 
Google executives are bracing for a two-pronged inquisition from the advertising industry and the government over the company’s plans to stop ads being placed next to extremist material.
 
A slew of big-name companies, advertising firms and government departments have either pulled their adverts from Google and its YouTube video site or are considering whether to do so, with media giant Sky, telecoms group Vodafone and a trio of banks adding their names to a growing list over the weekend.
 
The internet firm’s European head, Matt Brittin, is one of two Google executives due to speak at the annual Advertising Week Europe event, attended by major companies in the advertising world.
 
Sources said Brittin was likely to face a flurry of questions about how adverts for major brands ended up attached to videos by extremists, including hate preachers and former Ku Klux Klan leader David Duke.
 
The ads help fund payments to the people who post the videos, with every 1,000 clicks worth about £6. Experts estimate this could have been worth £250,000 to extremists.
 
Brittin will be among the first people to address delegates on Monday when speakers will also include Unilever’s chief marketing officer, Keith Weed.
 
Unilever declined to comment on whether it had suspended advertising through Google.
 
Leading advertising agencies have been quick to react, with French marketing firm Havas, whose clients include O2 and Royal Mail, pulling its adverts late last week. Publicis, the world’s third-largest advertising firm, said it was reviewing its relationship with Google and YouTube.
 
The world’s largest advertising firm WPP, via its media-buying division GroupM, has stopped short of cancelling ads but has written to major clients asking them how they wish to proceed.
 
GroupM’s chief digital officer, Rob Norman, told Sky News that Google should apologise publicly to companies whose reputation has been “compromised”.
 
Mark Howe, head of Google’s agencies business in Europe, the Middle East and Africa, will also speak at Advertising Week Europe. His responsibilities, according to a company biography, include ensuring that Google “builds lasting & trusted relationships with its customers”.
 
Brittin and Howe will be exposed to questions from advertising luminaries at the start of a week in which executives will have to explain themselves in a second meeting about the affair with government ministers.
 
In a letter to the company, Yvette Cooper, who chairs the home affairs select committee, accused the company of “profiting from hatred”.
 
And senior figures from Google were summoned to the Cabinet Office last week over concerns that taxpayer-funded adverts were appearing alongside “inappropriate” YouTube videos. Google executives apologised but were told to come back to the Cabinet Office this week with a plan and a timetable to remedy the problem.
 
The decision by Vodafone, Sky, HSBC, Lloyds and Royal Bank of Scotland to suspend their ads, or review whether to do so, follows action last week by other brands. They include McDonald’s, L’Oréal, Audi, Sainsbury’s, Argos and the BBC. Government spending has also been suspended while Tesco is understood to have “paused” spending on YouTube.
 
BT said: “We take our responsibilities as an advertiser seriously and have a robust set of safeguards in place to make sure our adverts don’t appear on websites or content which may be dedicated to offensive themes”
 
While Google is yet to reveal what it plans to do, it is understood that advertisers will be told that they may not be making enough use of existing tools and it will offer to provide advice on how companies can better use these.
 
However, Google is also expected to take a wider look at how ads are placed, including whether it has put enough checks and balances in place to avoid unfortunate juxtapositions.
 
“We’ve heard from our from our advertisers and agencies loud and clear that we can provide simpler, more robust ways to stop their ads from showing against controversial content,” Ronan Harris, managing director of Google UK, said last week.
 
The Guardian is among the organisations to have withdrawn its advertising. Ads for the Guardian’s membership scheme are understood to have been placed alongside extremist material after an agency acting on the media group’s behalf used Google’s AdX ad exchange, which uses an automated system known as programmatic trading.
...


64x64

Uber president Jeff Jones steps down www.bbc.com

 
Uber president Jeff Jones is leaving the company after less than six months.
A source at the taxi booking app told the BBC the resignation was "completely unexpected".
They said Mr Jones was frustrated the company was hiring a new chief operating officer and that he was not among the candidates.
But according to technology news site Recode, Mr Jones left because of Uber's continued struggle with issues around sexism and sexual harassment.
Uber said in a statement on Sunday: "We want to thank Jeff for his six months at the company and wish him all the best."
Privately, however, the company has been shocked by his sudden departure, with other executives left disappointed at what they saw as a lack of professional courtesy in informing them of his plans.
His resignation will take effect immediately, the BBC understands.
'Leadership help'
Uber has suffered a spate of controversies in 2017, the most serious being ongoing rows over a culture of sexism, and accusations of sexual harassment at the firm.
After being filmed arguing with a driver over falling rates, the firm's co-founder and chief executive Travis Kalanick admitted he needed "leadership help". Earlier this month, he announced that the company was looking for a chief operating officer.
The role would have effectively demoted Mr Jones, who was not himself being considered for the position.
In an email to his staff on Sunday, Mr Kalanick said: "After we announced our intention to hire a COO, Jeff came to the tough decision that he doesn't see his future at Uber.
"It is unfortunate that this was announced through the press, but I thought it was important to send all of you an email before providing comment publicly."
The backroom manoeuvrings suggest bigger changes at Uber are on the way. Two separate, well-placed sources at the company have told the BBC that Mr Kalanick will likely step down as chief executive soon after the new COO is in place.
The move will be designed to reassure investors ahead of a long-anticipated potential initial public offering.
...


64x64

Government pledges continued protection for investors’ interest www.montsame.mn

On March 16, the first meeting of a Council to protect the interests of investors was held to hear reports about the current situation of the investment environment and the progress of large-scale investment agreements and arbitration cases or disputes in which the Mongolian government was involved.

More than half of foreign investors in Mongolia are said to have left in the past 4 years. While on the one hand, the reason behind this is the current economic difficulties, on the other hand, inconsistent policy and withdrawal of contracts by the government what caused investors to lose their trust.

Therefore, Prime Minister J.Erdenebat has issued an ordinance to establish the council aimed at urgent settlement of complaints and petitions regarding the protection of the interests and rights of investors and bureaucratic and illegal activities, as well as prevention and potential risks.

Members of the council, chaired by J.Munkhbat, head of Cabinet Secretaries, include Minister of Finance, State Secretaries in charge of Justice and Home Affairs, Road and Transport, Mining and Energy and advisors to the Prime Minister, department heads of corresponding ministers and representatives of National Development Agency, Development Bank, Mongolian Chamber of Commerce and NGOs.

The meeting held yesterday emphasized the importance of resolving any complaints and petitions made by investors before they are filed to court or arbitration. The council blamed government ministries, agencies and local administration on not functioning properly in this regard. Also, it was reported that foreign investment has been reduced substantially in recent years and there are five major investment contracts made presently.

The current government is working to protect the interests and rights of investors. It is indispensable for us to gain the trusts of investors and attract more investment in order to overcome the economic recession with the help of mutual understanding and creation of more favorable legal environment.

...


64x64

China invites Mongolia to step aboard its "economic express train" www.news.mn

China's Ambassador to Mongolia, H.E. Xing Haiming has made an announcement about National People's Congress of China as well as talking about relations between Beijing and Ulaanbaatar. The statements were made earlier today (16th of March).

Ambassador Xing Haiming said ‘According to statistics, Chinese economic growth is set to steadily expand and our country will (continue to) be an important power in the world economy. It will be a positive influence for its neighbours, including Mongolia’. The Chinese Ambassador repeated the words of President Xi Jinpin, that ‘China invites Mongolia to step aboard its economic express train’ which he said when he visited Ulaanbaatar.

He stressed that Mongolia is a good neighbour and partner. Mr. Xing Haiming said, ‘China will support Mongolia to overcome its economic difficulties, and further develop economic cooperation.

...


64x64

Thousands of saker falcons die from electrocution www.gogo.mn

Due to inefficient solutions in power lines, over 4000 saker falcons worth MNT 64 billion die annually in Mongolia. This number increases twice in some years. 
Study conducted by researchers at Wildlife Science and Conservation Center shows that the majority of the saker falcons died from sitting on power lines are baby falcons or one-year-old falcons.
"A bird needs to rest and relax while flying and the best place for them seem power lines. It is common in all over the world. Thus we need to introduce environmentally friendly power line solution in order to ensure the safety of the birds. Birds electrocute when sitting or taking off from the utility poles of power lines", said Dr. B.Nyambayar. 
Moreover study reveals that 63 percent of electrocuted falcons were females due to females are bigger than the males. Furthermore, it adversely affect fertility. 
Environment and energy industries began to focus on that issue several years ago. In regards they installed insulators to 250 utility poles of power lines connecting Bayan-Ovoo and Galuut soums of Bayankhongor aimag. 
As a result, number of electrocuted birds were decreased to 39 from 52. However 32 of them were found under the utility poles without insulators. 
Experts highlights that insulators should be installed to all utility poles. 
 The Government set ecological and economic assessment for each saker falcons at MNT 16 million and banned to hunt saker falcons until 2018. 
Bird repeller such as mirror fan was installed in power lines to ensure the safety of birds. However this method was not effective and not suitable for Mongolian climate. 
The country urgently needs to update the relevant regulations and standards in order to save the saker falcons by making 4,000 km of 15 kV power lines safe.
About 6-18 thousand saker falcons were counted nationwide 11 years ago. Since then no census were conducted until today. However thousands of saker falcons are died from electrocution every year.

...