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



Thursday October 20th: Doing Business with Mongolia Seminar www.mongolianbusinessdatabase.com

This seminar will be hosted by the London Office of Brown Rudnick, 8 Clifford Street, London,W1S 2LQ. The programme is as follows:

6pm. Coffee/Tea and Registration.

6.30pm. Introduction by Brown Rudnick. Featured speakers are:

Dr Rebecca Empson and Dr. Bumochir Dulam (to be confirmed), University College London, who are leading an EU funded study of the Mongolian economy.

Dr. Troy Sternberg, University of Oxford, who has studied the impact of mining in the Gobi

Ser Od Ichinkhorloo, founder and CEO of the NGO Mongolian Business Database (MBD) and B2B Mongolia (“Bridge of your Business”), who will be leading a business delegation from Mongolia

Chris Guinness, Double Check Translation

Alan Sanders, author of Mongolia – Culture Smart! A guide to Mongolian Culture and Customs, who will speak about the Mongolian elections.

Oliver Reed, Endeavour Fund Mongolia, who is leading a group of ex-servicemen on an expedition to Mongolia in 2017

8pm. Drinks Reception.

If you wish to reserve a place at the seminar, please contact john.grogan@mongolianbritishcc.org.uk



Moscow to scrap Microsoft Outlook on Putin's call to use domestic software www.rt.com

Authorities in the Russian capital plan to substitute US computer software with locally produced alternatives. As a first step, about 6,000 Moscow officials will start using a corporate e-mail system called MyOffice Mail instead of Microsoft Outlook. An idea to get rid of foreign software from computers used by Russian authorities was backed by President Vladimir Putin due to his security concerns after the relationship between Moscow and the West deteriorated over Ukrainian crisis. In March, the Russian President said that starting from the second half of 2016; all state-backed companies should switch to Russian software. If public authorities want to buy foreign software, they must first consult with a special registry and make sure that there are no similar Russian products. If there are Russian alternatives, authorities will have to explain why Russian software doesn’t suit their needs. Next year, Moscow wants to expand the software substitution developed by Russian company New Cloud Technologies to as many as 600,000 machines, said Artem Yermolaev, head of information technology at the Russian telecoms operator Rostelecom. Microsoft Windows and Office may be abolished later on, Yermolaev added. According to the Minister of Communications and Mass Media Nikolay Nikiforov, Russia spends about 20 billion rubles (over $300 million) every year on foreign software, while local companies are ready to provide the government with similar IT solutions.


Lenovo to cut up to 1,000 jobs at Motorola www.chinadaily.com

Layoffs part of parent company's efforts to improve fortunes at its smartphone unit

Lenovo Group Ltd confirmed on Tuesday the latest round of layoffs of about 1,000 employees, mostly from the overseas Motorola unit, in a bid to turn around the fortunes of the Chinese company's loss-making smartphone business.

The world's largest personal computer maker, said in a statement that its "structure optimizing" plan impacts less than 1,000 employees, mostly in countries outside China as part of the effort of the "ongoing strategic integration between Lenovo and its Motorola smartphone business".

Lenovo did not reveal the details of the layoff, but a report from droid-life, a website focusing on Android-related news, said Motorola will take most of the hit with over 50 percent of the company's existing US staff losing their jobs.

In response to the market rumors about Lenovo shifting the Motorola headquarters away from Chicago, the company said: "Lenovo is absolutely committed to Chicago and we plan to maintain our Motorola Mobility headquarters there."

The layoffs, which represents less than 2 percent of the Hong Kong-listed Lenovo's 55,000-strong workforce globally, is the latest round after Lenovo bought the Motorola handset business from Google Inc for $2.8 billion in 2014.

Xiang Ligang, a telecom expert and CEO of the industry websitecctime.com, said the move is expected to help Lenovo cut costs and turn around its smartphone business.

"I think it is a good move. Lenovo should have done it earlier. Apart from cutting costs, eliminating some jobs could also help align the organization and improve efficiency," he said.

However, James Yan, research director at Counterpoint Technology Market Research, said cutting costs alone would not be enough for Lenovo to revive its smartphone business.

The first quarter in 2016 saw Lenovo's disappearance from both the top five smartphone vendor ranking and the top 10 mobile phone vendor list as its smartphones sales in China plummeted by 75 percent, statistics from Gartner Inc showed.

"The China market accounts for one-third of the world's total smartphone market, while Lenovo has been losing market share to domestic rivals such as Huawei and oppo," said Yan.

The company has been beefing up to go higher-end to boost its sales.

In June, the company unveiled Phab2 Pro, the world's first smartphone to host argumented reality applications, and the Moto Z modular series, whose high-powered magnets can allow users to upgrade the handset with additional equipment such as speakers and projectors.

Many analysts, including Xiang, are betting big on Levono's new smartphone products, saying the Moto Z modular series are quite innovative.

But Yan expressed his concerns over the brand. "The brand of Motorola in many places is perceived as old and slow. More efforts has to be done to make its shine again among young people," he said.



Sam Allardyce: England manager leaves after one match in charge www.bbc.com

Sam Allardyce has left his post as England manager by mutual agreement with the Football Association after one match and 67 days in charge.

It follows a newspaper investigation claiming he offered advice on how to "get around" rules on player transfers.

Allardyce, 61, is also alleged to have used his role to negotiate a deal worth £400,000 to represent a Far East firm.

An FA statement said Allardyce's conduct "was inappropriate" and Gareth Southgate will take temporary charge.

"He accepts he made a significant error of judgement and has apologised," the FA said.

"This is not a decision that was taken lightly but the FA's priority is to protect the wider interests of the game and maintain the highest standards of conduct in football.

"The manager of the England men's senior team is a position which must demonstrate strong leadership and show respect for the integrity of the game at all times."

Allardyce succeeded Roy Hodgson in July following England's disastrous performance at Euro 2016 in France and becomes the national side's shortest-serving full-time manager.

The Daily Telegraph said Allardyce had a meeting with undercover reporters posing as businessmen before he took charge of his first England training session.

During the meeting, which was recorded on camera, it is alleged Allardyce said it was "not a problem" to bypass rules on third-party player ownership and claimed he knew of agents who were "doing it all the time".

It was further alleged that a £400,000 deal was struck for him to represent the company to Far East investors and to be a keynote speaker at events.

In the meeting, Allardyce also referred to Hodgson as "Woy", making fun of his predecessor's manner of speaking, and criticised Gary Neville, one of Hodgson's assistants.

England's shortest serving full-time managers (and the longest)
Name Games in charge Time in charge
Sam Allardyce 1 (2016) 67 days
Steve McClaren 18 (2006-2007) One year, six months, 18 days
Kevin Keegan 18 (1999-2000) One year, seven months, 17 days
Terry Venables 23 (1994-1996) Two years, four months, 29 days
Glenn Hoddle 28 (1996-1999) Two years, nine months
Don Revie 29 (1974-1977) Three years, seven days
Walter Winterbottom 139 (1946-1962) 18 years
Allardyce apology

Allardyce met FA chairman Greg Clarke and chief executive Martin Glenn on Tuesday to offer what he called a "sincere and wholehearted apology for my actions".

He explained it had been "a great honour" to be appointed England manager in July and that he was "deeply disappointed at this outcome".

"Although it was made clear during the recorded conversations that any proposed arrangements would need the FA's full approval, I recognise I made some comments which have caused embarrassment," he added.

"As part of the meeting, I was asked to clarify what I said and the context in which the conversations took place. I have co-operated fully in this regard.

"I also regret my comments with regard to other individuals."

In an interview on the FA website, Glenn said Allardyce was "distraught" but that "discussing a range of issues from potential contraventions of FA rules through to personal comments frankly just don't work when you're the manager of England".

However, Glenn did add that it was a "really painful decision" as the FA believed Allardyce was "a great fit for England manager and we think could have been extremely successful".

Caretaker and successor

Sam Allardyce
Allardyce said "we have to make the people and the whole country proud" after being appointed
Former Blackpool, Notts County, Bolton, Newcastle, Blackburn, West Ham and Sunderland boss Allardyce won his only game in charge of the national team last month.

An injury-time goal from Liverpool's Adam Lallana gave England a 1-0 win over Slovakia in the first of their 2018 World Cup qualifiers.

Allardyce was due to announce his squad for the next round of qualifiers on Sunday but now Southgate will be in charge for four matches against Malta at Wembley (8 October), Slovenia away (11 October), Scotland at home (11 November) and Spain in a friendly (15 November) as the FA searches for a successor.

Southgate ruled himself out of the running for the England manager job prior to Allardyce's appointment but the current bookmakers' favourite may become a contender, depending on results in his caretaker spell.

Bournemouth's Eddie Howe, Crystal Palace manager Alan Pardew and former Hull City boss Steve Bruce are also among the possible candidates.

Third-party ownership occurs when investment companies take a stake in the economic rights of players.

It was described as a form of "slavery" by Michel Platini, the former president of European football's governing body Uefa.

The practice was banned by the FA in 2008 and by Fifa in May last year.

Key facts & figures

Allardyce has never won a major trophy as a manager but did secure promotion to the Premier League with both Bolton and West Ham.
He also won Division Three with Notts County in 1998.
Allardyce has a 33.6% Premier League career win percentage.
He was the 14th permanent England boss, the pinnacle of a managerial career that started at Blackpool in 1994 and has taken in 467 Premier League games.
Only Sir Alex Ferguson, Arsene Wenger and Harry Redknapp have managed more games in the top flight.
Allardyce has the 14th best win percentage of the 31 Englishmen to have managed at least 100 games in the Premier League.



NY stocks down amid concern over European banks www3.nhk.or.jp

Stock prices in New York fell on Monday following sharp drops in European markets amid concern over the outlook for some banks there.
On the New York Stock Exchange, investors turned risk-averse and sold shares after European markets ended lower.
The Dow Jones Industrial Average ended the day at 18,094, down 166 points from last week.
The US Justice Department's move to claim a massive settlement from Deutsche Bank, Germany's biggest lender, led to drops in Europe.
Market analysts say that investors are worried about European lenders, including Italy's major bank, which is facing a possible capital shortfall.
They say investors are also anxious ahead of the first televised US presidential debate between Republican Donald Trump and Democrat Hillary Clinton.


China buys record North Korean coal as sanctions ignored www.mining.com

It appears that China is interpreting the "people's well-being" as meaning North Korea should be able to export record amounts of coal in defiance of sanctions against the rogue nuclear-armed state.
China imported 2.465 million tonnes of coal from North Korea in August, the highest on record, and 61 percent above what was bought in April, the month sanctions were supposed to take effect.
Tougher measures were imposed by the United Nations in March aimed at starving North Korea of funds for its nuclear and ballistic missile program. China said at the time it would ban imports of gold and rare earths, as well as coal.
While coal imports from North Korea did slip in April to 1.527 million tonnes from March's 2.345 million, they have been steadily trending higher since then to reach August's record.
Some exemptions were to be allowed for imports from North Korea for the what was translated as "the people's well-being," or "livelihood purposes."
This would appear to be a very broad exemption as other than the brief decline in April, imports of North Korean coal have been rising, allowing the country to once again become China's third-biggest supplier of the fuel behind Australia and Indonesia.
China's imports of North Korean coal are up 11.7 percent for the first eight months of the year compared to the same period last year, slightly below the 12.4 percent gain for total coal imports.
So far, the big winners among coal exporters to China are Mongolia, with a 50.1 percent year-to-date increase and Indonesia at 18 percent.
Top supplier Australia is down 3.6 percent for the first eight months of the year, as higher coking coal exports haven't been enough to offset lower thermal coal shipments.
It's difficult to ascertain why China has decided to allow its coal trade with North Korea to continue, and indeed to grow.
About 90 percent of Pyongyang's trade is with China, and coal accounts for nearly 40 percent of that in value terms, according to a Sept. 24 report in the Nikkei Asian Review.
This means coal is an essential lifeline for North Korea, and it also means China has an extremely powerful hold over its neighbor, should it choose to exercise it.
But it's also likely that the coal trade with North Korea has prospered this year as type of coal supplied by Pyongyang is in high demand.
North Korea's exports are almost exclusively anthracite, a high-grade hard coal that Chinese buyers use mainly for steel and ceramic manufacture, as well as for blending with other coal types to burn to generate power.
Of China's 17.28 million tonnes of anthracite imports in the first eight months of 2016, North Korea supplied 14.91 million, equivalent to an 86.3 percent share.
This is way ahead of the 1.44 million tonnes that number two supplier Russia shipped during the first eight months of the year, and this figure is down 18.3 percent from the same period in 2015.
Part of the appeal of North Korean coal is no doubt cost, with August's cargoes arriving at $45.55 a tonne, which is well below the $70.25 that Russian anthracite cost.
Australian cargoes are also more expensive, with coking coal used in steel-making arriving in August at $93.92 a tonne, and bituminous coal, used in power plants, costing $52.76.
North Korean coal is thus attractive to Chinese buyers, especially in the light of Beijing's largely successful efforts to curb output this year.
In fact, China may have been too successful in lowering domestic coal production, last week allowing 74 major miners to increase output of thermal coal, Reuters reported on Sept. 23.
It appears that China's domestic coking coal miners have so far been unsuccessful in their efforts to get permission to boost output in order to lower prices, which have surged this year amid a tighter market.
Australian premium hard coking coal has jumped 164 percent to end last week at $206.40 a tonne, providing a bonanza for major miners like BHP Billiton, which together with partner Mitsubishi is the largest exporter of the fuel.
The higher coal prices, and the relative cost advantage enjoyed by North Korea, makes it unlikely that Beijing is about to effectively implement sanctions against Pyongyang.
Of course, nothing is certain in politics, but in the absence of a change in Beijing's policy, it's likely the world's most reclusive state will continue to enjoy its coal lifeline.


First US shale gas arrives at Ineos plant in Scotland www.bbc.com

The first shipment of US shale gas is arriving in Scotland amid a fierce debate about the future of fracking in the UK.
A tanker carrying 27,500m3 of ethane from US shale fields is due to dock at Grangemouth, the refinery and petrochemicals plant owned by Ineos.
The company said the gas would replace dwindling North Sea supplies and secure the future of the plant's workforce.
But many politicians and environmental groups have criticised the shipment.
The Scottish government - which has placed a moratorium on all fracking in Scotland while a study into its impact is carried out - said ministers were "unavailable to attend" the arrival of the shale gas shipment.
Jim Ratcliffe, Ineos founder and chairman, said: "This is a hugely important day for Ineos and the UK. Shale gas can help stop the decline of British manufacturing."

The company said the shipment aboard the carrier Ineos Insight was the culmination of a £1.6bn investment resulting in eight tankers forming a "virtual pipeline" between the US and the UK and Norway.
Ineos argues that with the North Sea's supply of ethane dwindling, plus costs, the shipments from the US are the only way of bringing in sufficient gas at low enough prices to maintain its olefins and polymers business at Grangemouth in the face of global competition.
It believes the US shale gas will provide sufficient raw material to run its manufacturing site at full rates, something that has not been possible for many years.
The Grangemouth facility is home to Scotland's only crude oil refinery and produces the bulk of fuels used in Scotland, with the site said to contribute about 3% of Scottish GDP.

The shipment will be delivered to the Grangemouth refinery and petrochemicals plant in central Scotland
It is also home to Europe's biggest ethane tank, which is capable of holding 60,000m3 of gas after it arrives by tanker.
Ineos has said the shale shipments should safeguard the future of Grangemouth's 1,300 workers.
The company has signed 15-year contracts with suppliers to pipe ethane from the shale fields in the US to purpose-built export facilities on the east and Gulf coasts of America.
From there, the gas will be shipped across the Atlantic in a fleet of eight specially-designed Dragon-class ships commissioned by Ineos.
Remains controversial
Ports in Norway, Portugal, and Spain have all received shale gas shipments this year following the lifting of a ban on the export of US oil and gas, but the arrival of the Ineos Insight will be the first to the UK.
Unconventional oil and gas extraction remains controversial in the UK, with the UK Labour Party following Scottish Labour in backing a ban on fracking if it wins the next general election.
Despite pleas from Ineos to embrace shale gas drilling, the Scottish government moratorium on the practice remains in place, in contrast to the pro-fracking stance of the UK government.
The Scottish Parliament voted to support an outright ban on fracking in June after SNP MSPs abstained.

The Scottish government said it had commissioned a series of independent research projects into unconventional oil and gas to examine potential environmental, health and economic impacts to inform its "evidence-led approach" to the issue.
A spokesman said these projects were due to report later this year, with the public consultation taking place during winter 2016-17.
He added: "The moratorium will remain in place throughout this process and the Scottish government will use the results of the consultation to inform its decision on the way forward."
Mary Church, head of campaigns at Friends of the Earth Scotland, said: "It is completely unacceptable to attempt to prop up Ineos's petrochemicals plants on the back of human suffering and environmental destruction across the Atlantic.
"The fact that Scottish public money is tied up in this project is disgraceful.
"Setting aside the devastating local impacts of fracking, the climate consequences of extracting yet more fossil fuels are utterly disastrous."



Twitter could take many forms, depending on new owner www.reuters.com

With speculation mounting that Twitter Inc (TWTR.N) will soon have a new corporate owner, the 10-year-old social networking service - which has long struggled to define its core purpose -may end up heading in one of several distinctly different directions depending on who ends up paying for it.
Companies including Salesforce.com Inc (CRM.N), Walt Disney Co (DIS.N) and Alphabet Inc's (GOOGL.O) Google have shown interest in Twitter, which is working with investment banks to evaluate its options, according to people familiar with the matter.
With Salesforce.com, Twitter might turn its focus to customer service communications and mining its database of tweets for business intelligence. Google would likely be most interested in the social and news dimensions of Twitter. Disney, by contrast, might see it as a way to expand the reach of its sports and entertainment programming.
It is not clear how quickly Twitter might approach a sale, but it is moving to formalize the process, sources have said. A deal is by no means assured in light of the company's uncertain financial prospects and steep price tag - its market value is more than $16 billion after talk of a sale drove the stock up over the past few days.
Twitter Chief Executive Jack Dorsey, speaking at a conference in Washington on Monday, declined to comment on possible sale talks.
Salesforce.com, run by CEO Marc Benioff, is focused on cloud-based sales and marketing software; unlike Twitter, its main product is aimed at businesses users, not consumers. Under Salesforce.com, Twitter could become a corporate tool used to power sentiment analysis and nurture customer relationships.
Salesforce.com already uses the Twitter "firehose" for its new artificial intelligence platform, Einstein.
"It would give them the social graph and a better idea of how social media relates to its customers," said Ryan Holmes, chief executive of Hootsuite, a private technology firm that helps brands and consumers manage their social media accounts.
Holmes also said that if Salesforce.com owned all of Twitter's data, it could have better insights into what sort of conversations companies such as airlines or telecom firms might be having with their customers and thereby gain more understanding of their business challenges.
But many Twitter users - especially newer ones - are not active tweeters, which over time could limit the value of the data Twitter can provide. Salesforce.com could also likely gain much of the benefit of Twitter's data from licensing its trove of tweets as opposed to buying the whole company.
Salesforce.com investors are already spooked by the speculation it could acquire Twitter: its shares are down 6 percent since news of the company's interest flared up last week.
Twitter would fit easily with Google's online advertising-driven business model. Ads could be sold across paid search, YouTube, display and mobile on Twitter - while filling a gap for Google, which has struggled with social media.
"Google already has the eyeballs with advertisers. Cross-selling to the Twitter inventory could be an amazing play for them," Hootsuite's Holmes said.
Google, which has expertise in monitoring its video service YouTube, would know how to deal with the tricky policy issues facing Twitter, such as abusive tweets and censorship.
Still, such a tie-up faces potentially fatal regulatory hurdles, analysts said. In Europe, where the company has a bigger share of the search market than in the United States, the company is already facing two antitrust investigations.
"Google could help Twitter's user acquisition problem. The unknown is whether regulators in the United States and European Union would allow the transaction," said BTIG analyst Rich Greenfield.
Facebook Inc (FB.O), meanwhile, has been trying to replicate Twitter on its own platform and could also face antitrust challenges if it tried to buy the company, Greenfield said. So far Facebook has not been mentioned as a potential buyer, but with its large cash reserves and penchant for surprise moves it cannot be counted out.
Twitter's foray into live streaming of National Football League games and its presence in news gathering could interest media companies such as Disney, which owns sports channel ESPN.
Twitter's presence on mobile devices could help any media company, all of which are struggling to find mobile growth, according to BTIG's Greenfield. No media company has a mobile product with as much reach as Twitter, he noted.
"The world of media is shifting to mobile and these newer platforms are becoming the future," Greenfield said.
Still, media companies do not have the best track record with social media. News Corp's (NWSA.O) acquisition of MySpace in 2005 ended in disaster. And some question whether the media companies and top personalities that have been so important to Twitter would stick around if a rival media firm were the owner.


125 Decisions Restraining Investors to be Invalidated www.mongolianbusinessdatabase.com sourced from montsame.mn

The Investors Promotion Working group reported today that 125 decisions restraining investors are going to be rescinded. The working group is headed by the Minister of Justice and Internal Affairs and was established by an order of the Prime Minister. After a through review of existing decisions, the ministry identified 78 decisions from Ministers, 12 decisions from heads of agencies, and 10 decisions from provincial governors for review. The Ministry of Justice and Internal affairs submitted a proposal to immediately invalidate 86 of these decisions and to submit an additional 14 decisions to review by the relevant authorities. Furthermore, decisions inconsistent to general and other laws were identified and invalidated. The proposal to delist these decisions was sent to the Ministry of Mining and Heavy Industry, the Ministry of Road, Transportation, Construction and Urban Development, as well as to the Ministry of Health in official form from the Minister of Justice and Internal Affairs.



Good tourists to improve China's image abroad www.chinadaily.com.cn

China has launched a program to promote stories of well-behaved outbound Chinese tourists in an effort to improve overseas images of Chinese world travelers.
The search for "Good Chinese Tourists", hosted by the China National Tourism Administration, China's leading online travel agency Ctrip and the country's first national English newspaper China Daily, launched in Beijing on Tuesday.
China's tourism industry, which has seen rapid growth, has become an influencing force in the world, Wang Xiaofeng, vice chairman of the China National Tourism Administration said.
Statistics show that more than 59 million Chinese took overseas trips in the first half of this year. And it is predicted that the number of outbound travelers will surpass 600 million in the next five years.
"The behavior of Chinese [outbound] tourists is one of the important parameters to gauge the national soft power," Wang said, adding that to discover and praise good behavior and promote the stories of Chinese tourists could set a shining example for other Chinese tourists.
Qu Yingpu, deputy editor-in-chief of China Daily pointed out that tourism is about the transmission of cultural messages in the sense of communication.
"Each Chinese outbound tourist's acts will exert intangible influence on China's image in the minds of people in other countries," Qu said.
Qu hopes that every selected person in the "Good Chinese Tourists" program could become the ambassador of China and its culture, who can also be the best storyteller of China.
"Ctrip pays much attention to what role Chinese outbound tourists can play in spreading civilization and enhancing friendship," said Chen Zhenyu, representative from Ctrip and CEO of Qunar. Ctrip holds 45 percent of the stock of Qunar, another online travel agency.
"The Chinese tourists have shown the world their more civilized behaviors," Chen said, by citing an example of a Chinese tourist in Japan collecting garbage.
Xiong Jiawen, a frequent traveler, said she believes a good tourist has to think of him or herself as a local, by tasting local delicacies or having home stays, but most importantly, he or she should love the culture as the locals do and contribute his or her part to preserve the scenic attractions.
"Travels have taught me to show respect to others' culture. Travel should make us more open-minded rather than selfish. More people should join hands with us to be good tourists and have better travel experiences," Xiong said.
The China National Tourism Administration started the campaign "Good Chinese Tourists" in 2015.
The administration is expected to cooperate with large travel agencies and the media in search for good examples of Chinese outbound tourists this year.
Through different channels published by the administration, the public can also recommend good examples that could be promoted on mainstream media.
A survey will also be launched to solicit opinions on the behavior and images of Chinese tourists. The survey will target outbound Chinese tourists and permanent residents of overseas destinations that Chinese tourists visit.