1 TOP 10 RICHEST PEOPLE IN MONGOLIA 2018 MONGOLIAN BILLIONAIRES WWW.ELITESHARED.COM PUBLISHED:2018/07/22      2 IRKUTSK REGION'S EXPORT OF CHICKEN EGGS TO MONGOLIA ALMOST DOUBLED WWW.RUSEXPORTER.COM PUBLISHED:2018/07/21      3 86 PERCENT OF ACTIVE ENTITIES IN MONGOLIA HAVE UP TO 9 EMPLOYEES WWW.GOGO.MN PUBLISHED:2018/07/20      4 MONGOLIA TAKES STEPS TO BOOST CASHMERE PRODUCTION WWW.NEWS.MN PUBLISHED:2018/07/20      5 HIV INFECTIONS RISES TO 262 IN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2018/07/20      6 FRONTCLEAR FACILITATES A LANDMARK TRANSACTION WITH STATE BANK MONGOLIA, EBRD AND ING BANK WWW.KTVN.COM PUBLISHED:2018/07/20      7 MONGOLIA COULD BE RIO'S COPPER GROWTH KEY WWW.MINING-JOURNAL.COM PUBLISHED:2018/07/20      8 FOREIGN OFFICE MINISTER MARK FIELD VISITS MONGOLIA WWW.GOV.UK PUBLISHED:2018/07/20      9 ZOO-BRED PRZEWALSKI’S HORSES ARE FREED INTO THE PLAINS OF MONGOLIA WHERE THEIR ANCESTORS ROAMED FOR CENTURIES HAVING BATTLED BACK FROM JUST ONE SURVIVING WILD ANIMAL WWW.DAILYMAIL.CO.UK PUBLISHED:2018/07/20      10 MONGOLIAN AND CHINESE JOINT VENTURE ESTABLISHED WWW.MONTSAME.MN PUBLISHED:2018/07/20      ТАВАНТОЛГОЙ-ЗҮҮНБАЯН ЧИГЛЭЛИЙН ТӨМӨР ЗАМЫГ БАРИХ АЖИЛ ЭХЛЭЭД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/22     ШИНЭ УРГАЦ ГАРЧ ЭХЭЛСЭН Ч НОГООНЫ ҮНЭ ӨНДӨР ХЭВЭЭР БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/20     АВТОЗАМД ҮҮССЭН ХОХИРЛЫН ХЭМЖЭЭ 1,3 ТЭРБУМ ТӨГРӨГТ ХҮРЧЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/07/20     BURBERRY БРЭНД 32.6 САЯ АМ.ДОЛЛАРЫН ҮНЭ БҮХИЙ БАРАА БҮТЭЭГДЭХҮҮНЭЭ ШАТААЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/20     ИРГЭДЭЭС ЦУГЛАСАН ХАНДИВААР ГАЛ УНТРААХ ТОНОГ ТӨХӨӨРӨМЖ АВЧЭЭ WWW.DNN.MN  НИЙТЭЛСЭН:2018/07/20     ГААЛИЙН БАЙГУУЛЛАГЫН ТӨСӨВТ ТӨВЛӨРҮҮЛСЭН ОРЛОГО 1.2 ИХ НАЯД ТӨГРӨГТ ХҮРЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/20     ИХ БРИТАНИЙН АЗИ НОМХОН ДАЛАЙН БҮС НУТГИЙГ ХАРИУЦСАН САЙД МАРК ФИЙЛД МХБ-Д ЗОЧИЛЛОО WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/20     ЭКО АЛТНЫ УРАМШУУЛЛЫГ МОНГОЛБАНК ОЛГОХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/20     ЯМАШИТА МАМОРҮ: МОНГОЛД ДУНДАЖ ЦАЛИНГ ТЭТГЭВРИЙН ХЭМЖЭЭТЭЙ УЯЛДУУЛЖ ТООЦОХ МЭРГЭЖЛИЙН БАГ ХЭРЭГТЭЙ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/20     ХЯТАД УЛС БИЗНЕСИЙН ОРЧНОО САЙЖРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/19    

Events

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

NEWS

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External trade surplus keeps rising www.en.montsame.mn

Ulaanbaatar /MONTSAME/ In the first eight months of 2016, Mongolia traded with 140 countries and a total external trade turnover reached USD 5166.8 million, of which USD 2993.3 million was made up by exports and USD 2173.5 million -- by imports.
 
Total external trade turnover decreased by USD 631.5 million or 10.9 percent. Exports decreased by USD 258.3 million or 7.9 percent and imports decreased by USD 373.3 million or 14.7 percent compared with the same period of the last year.
 
The external trade balance, so far this year, resulted in surplus of USD 819.9 million, increasing by USD 115.1 million against the same period of 2015.
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Hinkley Point: UK expected to approve nuclear plant deal www.bbc.com

Plans to build the first new UK nuclear plant in 20 years are expected to be approved by the UK government, the BBC understands.
One source says the French and Chinese governments have been told that the £18bn Hinkley Point project will go ahead, with conditions.
The decision was postponed by the government in July.
France's EDF had agreed to pay for two-thirds of the project, with China paying one-third.
Critics of the deal have warned of escalating costs and the implications of nuclear power plants being built by foreign governments.
As part of the original agreement, EDF secured a guaranteed payment of £92.50 per megawatt hour of electricity generated.
China General Nuclear Power Group, the state-controlled company investing in Hinkley, sees the project as part of a three plant deal. It is hoping to build other new nuclear power stations in the UK at Bradwell in Essex and Sizewell in Suffolk.
The Chinese agreed to take a stake in Hinkley and at Sizewell on the understanding the UK government would approve a Chinese led and designed project at Bradwell.
Justin Bowden, national officer of the GMB union, said: "Giving the thumbs up to Hinkley is vital to fill the growing hole in the UK's energy supply needs.
"It will be a big relief for the 25,000 quality jobs which were put at risk by the latest delay, never mind the reputational damage inflicted on UK plc."
However, he said: "The GMB has always had reservations about linking Bradwell and Sizewell with the contract for Hinkley.
"The government should never have allowed the country to be held over a Chinese barrel."
The decision on investment was approved by EDF's board in July, and was agreed in principle with China during the state visit by President Xi Jinping to the UK in October 2015.
During her recent visit to the G20 summit in China, Prime Minister Theresa May defended the delay, insisting it was down to "the way I operate" because she wanted a fresh look at the evidence.
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Russian hackers release secret data of 25 more Olympic athletes www.cnn.com

Russian hackers have released confidential information about dozens more Olympic athletes, the World Anti-Doping Agency says.
The new leak from cyber criminal group known as "Tsar Team" and "Fancy Bear" affects 25 athletes, including 10 from the U.S., WADA said late Wednesday.
WADA said the hackers stole the medical data of Olympic stars by breaking into its database. The anti-doping agency said the hackers were operating from Russia.
Earlier this week, the same group published information about four U.S. athletes, including gold medal gymnast Simone Biles and tennis player Venus Williams.
The same group of Russian hackers is thought to have been behind the Democratic National Committee hack in June -- which released sensitive political information and led to the resignation of the committee chairman.
"WADA is very mindful that this criminal attack, which to date has recklessly exposed personal data of 29 athletes, will be very distressing for the athletes that have been targeted and cause apprehension for all athletes that were involved in the Rio 2016 Olympic Games," said Olivier Niggli, the agency's director general.
Related: Hackers steal medical data of U.S. Olympic stars
It didn't name the athletes whose information was released in the latest leak. Besides the 10 from the U.S., those affected include five from Britain, five from Germany, and one athlete each from the Czech Republic, Denmark, Poland, Romania and Russia.
On the Fancy Bears website, which CNN cannot confirm as legitimate, the hackers offered a message this week that said in part: "Greetings citizens of the world. Allow us to introduce ourselves. We are Fancy Bears' international hack team. We stand for fair play and clean sport."
They're expected to make more athletes' information public in the future, releasing the data "in batches," WADA said.
The initial leak earlier this week affected Biles, Williams and basketball player Elena Delle Donne, revealing their use of approved medications.
The United States Anti-Doping Agency said all of them had "done everything right in adhering to the global rules for obtaining permission to use a needed medication."

The Russian government has denied any involvement in the hack.
This is not the first time WADA has been targeted. The anti-doping agency database account of whistleblower Yuliya Stepanova was hacked in August. The runner helped expose the scale of Russian doping problems last year.

WADA recommended banning all Russian athletes from the Rio 2016 games, after an independent report said the country operated a state-sponsored doping program during the 2014 Sochi Winter Games. Russian officials and athletes likened the move to Cold War era conflicts.
"WADA has no doubt that these ongoing attacks are being carried out in retaliation against the agency," Niggli said.
The organization has asked Russia "to do everything in their power to make it stop," he said. "Continued cyber-attacks emanating from Russia seriously undermine the work that is being carried out to rebuild a compliant anti-doping program in Russia."

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Chinese tycoon who bought Grindr paying wife more than $1 billion in divorce www.cnn.com

The Chinese tech tycoon who bought gay dating app Grindr is paying his wife an eye-watering $1.1 billion in a massive divorce settlement.
Zhou Yahui, the chairman of online gaming firm Beijing Kunlun Tech, has agreed to transfer hundreds of millions of shares in the firm to his wife, Li Qiong, according to a stock exchange filing this week.
The huge settlement has made headlines in Chinese state media, which have described it as one of the costliest splits in the country's history.
Earlier this year, the couple were ranked 11th in a global list of self-made billionaires under 40. Compiled by the Hurun Report, their combined wealth was estimated at $3.5 billion.

But under a civil mediation agreement issued by a Beijing court, Zhou will hand over 278 million Kunlun shares to Li. The company's stock in Shenzhen closed Wednesday at 26.44 yuan, putting the value of the settlement at 7.35 billion yuan ($1.1 billion).
Zhou will remain the largest shareholder of Kunlun, which bought a majority stake in Grindr earlier this year. Kunlun declined to comment further on the settlement.
Beijing Kunlun Tech
Zhou Yahui will transfer hundreds of millions of shares in his company to his wife under a court settlement.
It's unlikely to be the last megabucks split in China. The country's divorce rate has climbed steeply in recent years, according to state media. Meanwhile, new billionaires are being minted at a staggering pace despite the economic slowdown.
The settlement between Zhou and Li eclipses the $975 million that U.S. oil tycoon Harold Hamm paid his ex-wife last year.

But other super rich businessmen -- including media mogul Rupert Murdoch and Formula 1 boss Bernie Ecclestone -- are reported to have shelled out well over a billion dollars for divorces in the past.
A Swiss court in 2014 ordered Russian oligarch Dmitry Rybolovlev to pay his former wife a record $4.5 billion, but a higher court reduced the sum last year to around $600 million.

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Ford to move all small-car production to Mexico as profits set to fall www.theguardian.com

Ford has warned shareholders that it is pouring cash into “emerging opportunities” and expects a steep decline in its financial performance in 2017.
 
The second-largest US automaker dropped its expected pre-tax profits forecast from $10.8bn to $10.2bn as it announced plans to expand its self-driving and electric lines in the face of intense competition from Silicon Valley as well as traditional car firms.
 
Chief executive Mark Fields also said that the company was moving all of its small-car production to lower-cost Mexico, drawing another rebuke from Republican presidential candidate Donald Trump who called the decision “horrible”.
 
“We will have migrated all of our small-car production to Mexico and out of the United States,” over the next two to three years, Fields told Wall Street analysts at annual investor day presentation.
 
Fields reiterated plans to explore ride-sharing options for its automated vehicles, framing the change as an expansion into a new market. “As we expand to be an auto and a mobility company, we’re not moving from an ‘old’ business to a ‘new’ business,” Fields said. “The world is moving from simply owning vehicles to owning and sharing them. That’s why we are expanding to sell more vehicles and provide transportation services at the same time.”
 
The lowered guidance from Ford was also driven by old school problems as well as future plans. The company lowered its 2016 pre-tax profit forecast to $10.2bn from a minimum of $10.8bn because of an expanded a vehicle recall. Multiple models across multiple years were found to have door latches that could malfunction and cause the doors to fly open while driving, causing a $640m impairment charge.
 
The recall comes at a bad moment as Ford attempts to move forward with the development of nascent technology that will take years to return investment, notably self-driving cars. The company has highly ambitious plans to enter the emerging sector as early as possible with a “high volume” of cars available.
 
Ford is also pushing an unusually large number of electric vehicles and will invest some $4.5bn in 13 new models that will comprise 40% of its lineup by 2020.
 
Driverless cars are gaining acceptance in parts of the US. Uber began a pilot study for automated cabs in Pittsburgh this week, although they have a human co-pilot for now. And California’s legislators are pushing for a relaxation in the rules governing robot cars on their roads.
 
Ford expects its first fully automated models to be road-ready by 2021, regulators permitting. Though the focus at the moment is on consumer vehicles, the possibility of automated commercial highway travel is also enticing. Rival manufacturers including Daimler and General Motors are also working on plans to build driverless trucks that would allow trucking companies to send shipments across the country.
 
Ford and its peers are also facing a growing challenge from technology companies including Apple and Google which are testing their own models, while high-end electric vehicle maker Tesla already produces vehicles that enable partial automation with its “autopilot” function, which was involved in a fatal accident this summer.
 
Caught between a rock and a hard place, Ford said it “plans to achieve cost efficiencies averaging $3bn annually between 2016 and 2018 and is adding new processes like zero-based budgeting to further its business transformation”.
 
“Zero-based budgeting” requires that every single budget item be individually approved, which bodes ill for new staplers at the Ford offices.
 
Beyond the simple cost of the research and development, though, there are serious regulatory hurdles to interstate travel in self-driving vehicles, as the US Congress has pushed back on automakers who believe their own standards are high enough: “If I asked somebody, ‘Do you think that that red light means stop?’ and they came back to me and said: ‘We have great respect for stoplights,’ I would say, ‘The answer is ‘yes’,” Senator Michael Blumenthal of Connecticut told General Motors’ Michael Ableson at a hearing in March.
 
“The credibility of this technology is exceedingly fragile if people can’t trust standards,” Blumenthal said. “Not necessarily for you, but for all the other actors that may come into this space at this point.”
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YouTube to pay more for music in Europe www.rt.com

New copyright rules proposed by the European Union will force video sites such as YouTube to pay more to musicians and record companies who have been complaining of lost revenue from piracy.
Read more
Reuters / Mario Anzuoni Linking to free stuff is not piracy, EU rules
The new rules are aimed at reinforcing the position of rights holders with producers required to tell authors what profits their works have generated. The guidelines are still to be approved by the European Parliament and Council of Ministers.
 
"I want journalists, publishers and authors to be paid fairly for their work, whether it is made in studios or living rooms, whether it is disseminated offline or online, whether it is published via a copying machine or commercially hyperlinked on the web," said the President of the European Commission Jean-Claude Juncker during his annual ‘State of the Union’ address.
 
According to the European Commission, YouTube and other sites such as Dailymotion would have an “obligation to deploy effective means such as technology to automatically detect songs or audiovisual works.”
 
UK Music, the body which represents the British music industry, said this week that YouTube, the most popular music site in the UK, was still not paying artists enough for their music.
 
The Google-owned site has "yet to deliver fair financial returns for rights owners and creators, artists, composers, songwriters and publishers," UK Music said.
 
YouTube which carries videos and audio content makes money by selling advertising and then divides profits among rights owners. It claims it has paid out over £2.3 billion to the music industry so far.
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Uber starts self-driving test on public roads www3.nhk.or.jp

US ride-sharing service Uber has launched a trial involving self-driving cars traveling along public roads in Pennsylvania.
 
The company has released footage showing a fleet of vehicles equipped with sensors. People are sitting in the drivers' seat but are not moving the steering wheel.
 
Uber is developing the technology jointly with US carmaker Ford and Sweden's Volvo.
Company officials say autonomous cars will help prevent accidents and ease traffic congestion.
 
They plan to continue the trial having people within reach of the controls for the time being to ensure safety, as the technology is still at an early stage.
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Singapore Airlines drops Airbus A380 plane www.bbc.com

Singapore Airlines has decided not to keep the first A380 it leased, delivering a fresh setback for Airbus' super-jumbo plane.
Singapore Airlines was the launch customer for the two-deck jet in 2007.
The airline has decided not to renew the A380 plane when the ten-year contract expires next year.
The news comes after Airbus more than halved its delivery target for the A380, raising fears it could slip back to making a loss from the aircraft.
A Singapore Airlines spokesperson said: "Our first five A380s are on 10-year leases, with options to extend. The first expires in October 2017, and we have decided not to extend it.
"For the other four, decisions will be made later."
But they added the airline had orders for five separate A380s with Airbus, which will start being delivered in the second half of 2017.
The A380 only began breaking even for Airbus last year.
In July, Airbus said it would still avoid losing money on the jet in 2017 with as few as 20 deliveries, but gave no further guidance.
Analysts says that big aircraft like the A380 and Boeing's 747 series have fallen out of favour.
Smaller jets can be more profitable as they are easier to fill and are cheaper to operate, analysts say.

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Mongolia-Czech Business Forum continues in Ulaanbaatar www.en.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolia-Czech Business Forum is underway in Ulaanbaatar, after holding the first session in Darkhan. Some 40 delegates from 29 Mongolian companies and 20 representatives of 12 Czech companies that run businesses in the mining, construction, engineering, banking, insurance, transport, heating and cooling systems, heavy machinery and equipment.
 
The business forum is being organized by the Mongolian National Chamber of Commerce and Industry in cooperation with Embassy of the Czech Republic to Mongolia and the Czech Chamber of Commerce.
 
The business delegation from the Czech Republic is led by the Deputy Minister of Foreign Affairs, Mr Miloslav Stasek. The latter has met with Vice FM of Mongolia B.Battsetseg, Minister of Energy P.Gankhuu, Minister of Construction and Urban Development G.Munkhbayar and the Mayor of Ulaanbaatar S.Batbold.
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iPhone optimism blasts Apple stock to 2016 high www.reuters.com

Apple's (AAPL.O) stock hit a 2016 high on Wednesday, with its market value peaking above $600 billion for the first time since April as Wall Street bet the technology company's newest iPhone would help shore up falling sales.
 
Fueled by U.S. wireless carriers' reports of strong early orders for the iPhone 7 as well as arch-rival Samsung Electronics' (005930.KS) widely-publicized recall of potentially exploding Galaxy Note 7 smartphones, shares of Apple rose as much as 4.7 percent to $113.03 for a gain of 10 percent in the past three days.
 
Its market capitalization reached nearly $607 billion, compared to $535 billion for Alphabet (GOOGL.O) and $440 billion for Microsoft (MSFT.O).
 
After sinking to a two-year low in July that had portfolio managers describing Apple as a value stock and no longer a growth play, shares of the world's most valuable listed company have since rebounded 25 percent.
 
On Tuesday, Sprint (S.N) said pre-orders for the iPhone 7 were up nearly four times compared to last year's iPhone. T-Mobile (TMUS.O) said pre-orders rose nearly four times compared with its next most popular iPhone.
 
Potentially adding to demand for Apple's products, China's quality watchdog said on Wednesday that Samsung would recall 1,858 of its Galaxy Note 7 phones due to its fire-prone batteries, expanding the list of countries where the devices have been recalled.
 
"With the carriers telling Samsung owners that Samsung wants you to take your phone back into the store, well, people are going to look elsewhere," said Longbow Research analyst Shawn Harrison.
 
Specific details about sales of the new iPhone are scarce after Apple announced last week it would not release weekend sales data, saying the number was more a reflection of supply than demand.
 
With U.S. consumers less eager than in the past to replace their devices, global smartphone shipments are likely to grow less than 2 percent in 2016, compared to 10 percent last year, according to market research firm IDC.
 
Revenue for Apple's fiscal year ending this month is likely to fall 8 percent and then grow 4 percent next year, according to the average estimate of analysts tracked by Thomson Reuters I/B/E/S.
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