1 JEFF BEZOS IS NOW WORTH MORE THAN BILL GATES AND LARRY PAGE COMBINED WWW.CNN.COM PUBLISHED:2018/07/17      2 APARTMENT COMPLEX FOR YOUNG FAMILIES UNDER CONSTRUCTION IN ERDENET WWW.MONTSAME.MN PUBLISHED:2018/07/17      3 NUM GRADUATES INVITED TO WORK FOR TOSHIBA CORPORATION WWW.MONTSAME.MN PUBLISHED:2018/07/17      4 RUSSIA & UNITED STATES CAN COMPETE & WORK TOGETHER IN ENERGY MARKET - PUTIN WWW.RT.COM PUBLISHED:2018/07/17      5 TESLA IS GETTING A CHINA FACTORY. THIS $4 BILLION STARTUP WILL BE WAITING WWW.BLOOMBERGTV.MN PUBLISHED:2018/07/17      6 HOW MINING TYCOONS ARE TRYING TO FOIL A BIG UK BRIBERY PROBE WWW.MINING.COM PUBLISHED:2018/07/17      7 MONGOLIA'S TOURISM REVENUE INCREASES BY 20 PERCENT WWW.NEWS.MN PUBLISHED:2018/07/16      8 WATER LEVELS OF MAJOR MONGOLIAN RIVERS EXCEED ALARM LINE WWW.XINHUANET.COM PUBLISHED:2018/07/16      9 CHINA SETS RECORD DAILY STEEL OUTPUT FOR THIRD MONTH IN A ROW WWW.REUTERS.COM PUBLISHED:2018/07/16      10 RUSSIAN RETAILERS, HOTELS EMERGE AS WORLD CUP WINNERS WWW.THEMOSCOWTIMES.COM PUBLISHED:2018/07/16      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     "ТАВАНТОЛГОЙ"-Н ТӨМӨР ЗАМЫН ТӨСӨЛ УРАГШЛАХ ЭСЭХ НЬ SHENHUA-ГААС ШАЛТГААЛАХААР БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/17     ХӨШИГИЙН ХӨНДИЙН НИСЭХ БУУДАЛД 5.3 ТЭРБУМ ТӨГРӨГИЙН ҮНЭ БҮХИЙ ЦАЦРАГИЙН ХЯНАЛТЫН ТӨХӨӨРӨМЖ СУУРИЛУУЛНА WWW.DNN.MN НИЙТЭЛСЭН:2018/07/17     2017 ОНЫ САНХҮҮГИЙН НЭГДСЭН ТАЙЛАН ЗӨРЧИЛГҮЙ ДҮГНЭГДЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/17     2018 ОНЫ ЭХНИЙ ХАГАСТ ХЯТАДЫН ДНБ 6,8 ХУВИАР ӨСЧЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     МОНГОЛ УЛС ЯПОН УЛСАД 100 МЯНГАН АМ.ДОЛЛАРЫН ХҮМҮҮНЛЭГИЙН ТУСЛАМЖ ҮЗҮҮЛЭХЭЭР БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     ОУВС-ГААС МАНАЙ УЛС 184.5 САЯ ДОЛЛАРЫН САНХҮҮЖИЛТ АВААД БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     МАНАЙ УЛСЫН ЗЭЭЛЖИХ ЗЭРЭГЛЭЛ ДЭЭШИЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/16     “ЭРДЭНЭС-ТАВАНТОЛГОЙ” 40 САЯ ДАХЬ ТОНН НҮҮРСЭЭ ОЛБОРЛОЖЭЭ WWW.NEWS.MN  НИЙТЭЛСЭН:2018/07/16    

Events

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

NEWS

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Bill Gates is now worth $90 billion www.cnn.com

Bill Gates' net worth has crossed the $90 billion threshold, according to a real-time rankings from Bloomberg's Billionaire Index.
Gates' net worth climbed not because of any stock rise at Microsoft (MSFT, Tech30), but because of jumps in the shares of Canadian National Railway (CNI) Company and Ecolab (ECL), two smaller companies in which he has holdings.
He's well ahead of Amancio Ortega, the Spanish retailer who is the world's second richest man. Ortega's fortune is $76 billion.
Forbes, which also tracks billionaires' wealth, estimates Gates' net worth at a more modest $78.7 billion. Forbes also says that Gates' net worth briefly topped $100 billion back in 1999, back before the federal antitrust case decision against Microsoft that year and the bursting of the tech bubble in early 2000.
According to Bloomberg, Gates' net worth is up $6.2 billion so far this year, but that's only the fourth biggest gain among billionaires on the index.

Facebook (FB, Tech30) founder and CEO Mark Zuckerberg has enjoyed an $8.9 billion jump in his net worth, while Harold Hamm, CEO of shale oil producer Continental Resources (CLR), has seen his net worth more than double. Hamm's fortune gained $7 billion, lifting his net worth to $13 billion.
Amazon (AMZN, Tech30) CEO Jeff Bezos' net worth rose $6.5 billion this year. He is now virtually tied with Warren Buffett for third place on the ranking of world's richest men.

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New IKEA Japan president takes recalls seriously www3.nhk.or.jp

The new president of major furniture retailer IKEA Japan says she takes a series of recalls at the firm seriously.

Helene von Reis, who was appointed to the post at the beginning of August, told reporters in Tokyo on Tuesday that IKEA places highest priority on consumer safety and quality.

The recalls occurred in June and July and include 720,000 chocolate bars, 25,000 safety gates for small children and 280,000 cooking utensil sets, all of which were developed by the firm.

Von Reis explained that all of the products were made by foreign manufacturers.

She said the causes of the products' defects are under investigation. She added that the company will work to solve the issue with the safety management division at its head office in Sweden, the product manufacturers, Japanese government officials and experts.

She also announced that IKEA Japan plans to begin online sales by August of next year. It has 8 stores in the country.

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India investigating French submarine company data leak www.bbc.com

India is investigating a massive data leak from French shipbuilder DCNS that affects a major submarine contract for its navy, defence officials say.
The leak of more than 22,000 pages exposes secrets about the combat capabilities of Scorpene-class vessels.
It is not clear who first obtained the confidential documents, which were made public by the Australian media.
Earlier this year DCNS won Australia's largest-ever defence contract to build a fleet of advanced submarines.
Details about the Shortfin Barracuda submarine class that will be built for Australia were not contained in the leak.
India signed a $3.5b (£2.6b, €3.1b) deal for six Scorpene vessels in 2005. They are being built in cooperation with an Indian government-owned shipbuilder in Mumbai.
India is investigating the leak to "find out what has happened," Defence Minister Manohar Parrikar said.
The Scorpene submarines are small-to-intermediate size vessels currently in use in Malaysia and Chile. Brazil is due to deploy the submarine type in 2018.
A DCNS spokeswoman described the leak as "a serious matter" and said French authorities would formally investigate.

The leak does not affect the Shortfin Barracuda subs planned for Australia
"The matters in connection to India have no bearing on the Australian submarine programme, which operates under the Australian government's arrangements for the protection of sensitive data," a statement said.
Australia deal to go ahead
DCNS beat out strong competition from Germany and Japan to secure Australia's A$50bn (€34bn; £27bn) contract to build its navy's next generation of submarines, a project that will stretch into the 2050s.
The Shortfin Barracuda submarines are to be built in Adelaide with the expectation of creating around 2,800 jobs in the region.
They will be 4,500-tonne conventionally powered submarines, closely related to the nuclear-powered Barracuda, which weighs 4,700 tonnes.
Australian Prime Minister Malcolm Turnbull said the leak was a reminder of the importance of cyber security, but rejected concerns it would endanger the contract.
The country's defence industry minister, Christopher Pyne, said in a statement that the leak had "no bearing on the Australian government's future submarine programme".

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Izuma Ushiyama: Mongolia has high potential to build solar power plant www.gogo.mn

11th Mongolia-Japan International Conference on Electric Power Transmission and Distribution Technologies and International Standardization is being held at the Energy School of the National University of Science and Technology. We deliver you the interview with Chairman of the Board of Ashikaga Institue of Technology, Ph.D., Izumi Ushiyama. 

-What energy technologies are able to be implemented in Mongolia according to the Japanese experience?
-According to the example of Japan, Mongolia has high potential to build solar power plant in renewable energy sector. 

-What is the theme of your presentation at the conference? 
-I will deliver presentation on global trend of using natural renewable energy, its experience and current condition. My topic will cover Mongolia too. 

-How is the possibility and terms to use solar energy in Mongolia? What is the first step Mongolia should take?
-Technology to build solar power plant has developed already. The key thing to consider is to find solution on connection to the central network. For instance, wind power plant need to be built in windy place. 

-What renewable energy policy is Japan maintaining? 
-Government of Japan has started implementing promotional pricing system in renewable energy sector since 2012. Government purchase renewable energy with high cost. 

As a result, renewable energy production reached 80 million kwh over the last three years. 

-How do you evaluate the global energy consumption?
-The most serous problem facing to the world's energy consumption is CO2 emissions. There are two solutions. First, nuclear power station and the second solution is to build renewable energy sources. 

However, Japanese experience show that nuclear power station is not the right solution. Thus, we should use renewable energy. 

R.Oyun

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Draft 2016-2020 governmental action program to be submitted to parliament www.montsame.mn

Ulaanbaatar /MONTSAME/ At its expanded meeting held Tuesday, the cabinet discussed a draft governmental action program for 2016-2020, and decided to submit it to parliament, reflecting proposals from local authorities.

This program has been worked out based on the Concept on Sustainable Development until 2030, the election program of the Mongolian People’s Party (MPP) and views from people, civil society organizations, contracts and documents.

Main objectives of the program are to revive the national economy which is in difficult situation in a short time, to support social sectors by accelerate the economic growth and to improve the people’s livelihood. The program also sets certain goals to empower the public service, to maximize professionalism of public servants, to make the public services quicker and more transparent and to strengthen the national security by fortifying the social trust.

The governmental action program has 350 clauses in four chapters. 

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Almost 28,000 workers affected by VW production problems www.rt.com

The biggest European car producer Volkswagen is facing production delays in a dispute with component suppliers. A week of production delays at the main Wolfsburg plant may cost VW up to €100 million in gross profits.“Production at several Volkswagen plants has been interrupted as a result of a halt in component deliveries by external suppliers,” said a statement from VW.

The automaker has urged seat producer CarTrim and ES Automobilguss, which makes cast iron parts for gearboxes, to continue supplying. The manufacturers want €58 million compensation from VW, saying its cancellation of a contract cost them tens of millions of euro. VW is refusing to compensate for the losses; the negotiations continued till late Friday and are expected to continue on Monday.

As a result of the supply problems, the car producer is cutting work hours at six of its plants.

“Although Braunschweig District Court has issued injunctions obliging the suppliers to resume deliveries, the suppliers have not as yet met their obligations. Volkswagen continues its efforts to reach an agreement with the suppliers,” the company said.

This has affected 10,000 workers at Wolfsburg, 7,500 in Emden, 6,000 in Zwickau, 1,500 in Kassel, 1,400 in Salzgitter and 1,300 in Braunschweig, making up about 10 percent of the company’s total workforce in Germany.

Volkswagen has been hit by an emissions scandal after it admitted its diesel cars were deliberately designed to cheat on emissions tests. In the US alone, VW has agreed to pay $15.3 billion in a settlement with local regulators.

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Japan plans $32.8 bil. extra budget for stimulus www3.nhk.or.jp

The Japanese government is finalizing a 32.8 billion-dollar supplementary budget to fund stimulus spending.
 
The government unveiled an economic stimulus package worth about 280 billion dollars earlier this month.
 
It is earmarking 7.1 billion dollars from the extra budget for child-rearing support and a one-time payment to low-income earners.
 
Some 14 billion dollars will be spent for infrastructure projects, such as ports that can accommodate large cruise ships.
 
The government is providing another 14 billion dollars to help rebuild the quake-struck Kumamoto area in the southwest, and the tsunami-hit northeast.
 
The second supplementary budget for the fiscal year starting in April totals 32.8 billion dollars, after subtracting some reductions. These include lower interest payments for government bonds resulting from low borrowing costs, and projects that are no longer necessary.
 
The Cabinet is to approve the budget on Wednesday and send it to the Diet later this year for legislative approval.
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Rio Olympics 2016: Did the IOC's gamble pay off or did Brazil fail to deliver? www.bbc.com

Awarding the Olympic Games to the Brazilian city of Rio in 2009 was viewed as a gamble by some critics.

However, the International Olympic Committee (IOC) saw it as the perfect opportunity to re-emphasise its core message of taking the spirit of sport to as many people as possible.

IOC president Thomas Bach maintains it was a risk worth taking.

"The Brazilians were great hosts and really united behind these Games," he said. "They turned this great competition into a party for everybody.

"The IOC has shown that it is possible to organise the Olympic Games in countries which are not at the top of the GDP ranking."

Huge swathes of seats remained empty for key events, blue pools turned green, athletes were mugged, others pretended to be, and a key IOC official - Ireland's Pat Hickey - spent the final days of the Games locked up in a high a security prison accused of trying to pass tickets to touts.

The Olympic movement can tick off another continent but, sporting achievements aside, the feeling is they got away with it - just.

Is the Olympics still a big deal?

Rio's global reach
The viewing figures and the size of the sponsorship deals probably provide the best answers to this question.

Officials say more than half of the world's population consumed the Games in some way. That figure is expected to rise further for Tokyo in 2020.

No other sporting event in the world generates interest in quite the same way, but some have suggested there is an ever-growing disconnect between the Games and the public because of issues such as doping and corruption.

"I think it's been a step back from London," said Ben Rumsby, a correspondent for British newspaper The Daily Telegraph. "It was always expected to be, but I think it's been a bigger step back than the organisers expected and they'll be looking forward to Tokyo, which is expected to be a success."

Did Rio embrace the Games?

Rio closing ceremony
Some people enjoyed the closing ceremony fireworks from outside the Maracana stadium
Political protests before the Olympics, focusing on allegations of corruption and the huge cost of staging the Games, had organisers concerned.

So did worries over security, water pollution and the Zika virus.

But it was the empty seats in some of the venues that provided the biggest headache once the action started.

At first, organisers blamed long queues for the poor turnouts and then pointed out that the Brazilian people are notoriously slow at getting involved in sport, unless it is football or volleyball.

On day one of the athletics, only 58% of available tickets were sold.

"I think we expected the whole atmosphere to sweep us along for the two weeks," said four-time Olympic rowing champion and BBC pundit Matthew Pinsent. "I don't think that has quite happened.

"I do think the spectator ticket sales has been a huge issue that they must have seen coming and they haven't been able to solve."

Why booing of French pole vaulter 'should not be condemned'

Jump media playerMedia player helpOut of media player. Press enter to return or tab to continue.
French pole vaulter booed on podium
Overall, there is a feeling organisers could have done more.

The price of a daily ticket, for example, was the equivalent of a half a week's wage for the average worker who lives in a favela.

Even if they were not in the arenas, though, locals were moved by the Games.

"Living in a favela isn't easy, especially when your country tries to make them invisible," said 19-year-old Isabella Alves de Oliveira, who lives in the infamous City of God favela.

"But when we watch people from a favela win Olympic gold, it is amazing.

"I hope the Olympics will leave a positive legacy, one of possibilities and one where children can dream and believe that these dreams can become reality."

What impact did the Russian doping scandal have?

Rio Olympics 2016: Yulia Efimova says 'Rio was awful - it was war'
It was the issue that dominated the build-up to Rio 2016, but, as expected, the action became the focus when athletes started to mount podiums.

There was a residual fallout that crept into the competition, though.

Some of the 271 Russian athletes who made it to Rio were booed, while swimmer Yulia Efimova, who has served a doping ban, was reduced to tears when jeers drowned out the announcement of her silver medal in the 100m breaststroke.

A handful of athletes tested positive during the Games but, given the small numbers so far, there was no controversy to match the pre-Games trouble.

And what about Zika?

It was one of the most talked about subjects before the Games, thanks chiefly to the number of top male golfers who withdrew.

Rory McIlroy, Jordan Spieth, Jason Day and Dustin Johnson all said Zika was a very real health threat, both to themselves and their partners.

When the action started, it was hardly ever mentioned.

Like those golfers, the mosquitoes stayed away.

What will Tokyo 2020 offer?

As an experience, Tokyo will be more polished, more high-tech and more intense than anything we have witnessed in Rio.

The Japanese capital is one of the most energetic and pulsating places on earth - and organisers are already hard at work to make the Games reflect this.

The addition of several new and exciting sports - like surfing, skateboarding and climbing - to the Olympic programme will no doubt help in this regard, too.

Many of the arenas are already in place, although there has been some controversy over the design and construction of the new Olympic stadium.

There is also an investigation into controversial payments made to officials linked to Tokyo's bid, while the first official logo for the 2020 Games had to be scrapped after claims of plagiarism.

"One thing we won't have to worry about in Tokyo is there isn't a lot of crime," Japan Times journalist Jake Adelstein told BBC Radio 5 live.

"Tokyo is ready to handle loads of tourists and it's a very safe city. How they'll deal with the heat is the question that is up in the air.

"When Japan submitted their bid for the Olympics, they wrote that the mild weather will provide athletes with conditions to perform at their best.

"But Tokyo, at this time of year, is anywhere between 30 and 40 degrees, with humidity at 80%, so if you feel that being on the inside of a sumo wrestler's armpit is the ideal way to perform at your peak, then Tokyo is the place to be."

Who can replace Bolt and Phelps?

medals
It is difficult to imagine the Olympics ever seeing the likes of Usain Bolt and Michael Phelps again, but sport needs heroes and new stars are emerging.

In the pool, 19-year-old Katie Ledecky leaves Rio with five Olympic medals, four of them gold. The American is the first women to take gold in the 200m, 400m and 800m freestyle since 1968.

"She is special," said former British swimmer Steve Parry, who won bronze at the Athens Games in 2004. "If she continues to progress the way she has been, she could smash all kinds of records."

Compatriot Simone Biles, also 19, also won four golds as she dazzled and bewitched in the gymnastics arena.

In the velodrome, British track cyclist Jason Kenny equalled Sir Chris Hoy's national record of six Olympic golds. If he races for as long as Hoy, then the 28-year-old probably has another two Games to get himself into double figures.

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Indian Ambassador requests to study the possibility of operating direct flights to Delhi www.gogo.mn

Indian Ambassador to Mongolia Suresh Babu met with Prime Minister J.Erdenebat and expressed his hope that friendly and close relations between India and Mongolia will be continued for long period in further. 
Prime Minister of Mongolia noted:
"Even Mongolia is facing with economic crisis, our Government will implement sustainable and long-term economic policies which help to develop our country. It is beneficial to our economy to control the flow of mineral and agricultural raw materials and we need to process the raw materials locally. Therefore, we are ready to cooperate with India on developing processing industries".

Mr. Suresh Babu, the newly appointed ambassador, stated that Parliamentary election was conducted fair in Mongolia and the country has achieved a peaceful shift of new Government by people`s choice which made me proud of Mongolian democracy. 
Indian Prime Minister Nerandra Modi has visited in Mongolia on May, 2015. Ambassador Suresh Babu requested PM to focus on the implementation of some agreements established during the visit including establishment of India-Mongolian joint school and educating 200 Mongolian students in India. 
At the end of the meeting, Ambassador Suresh Babu said trade turnover between our two countries is not enough and its ranging between USD 15-20 million. He requested PM to study the possibilities on operating direct flights to Delhi in order to hold regular meetings of businesses of two countries.

 
 
 
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PM expressed his interest to cooperate with World Bank

Prime Minister J.Erdenebat received today officials led by James Anderson, the Permanent Representative of the World Bank to Mongolia and Tuyen Nguyen, country director of the International Finance Corporation (IFC) to Mongolia. 
James Anderson, the Permanent Representative of the World Bank to Mongolia noted "This year marks the 25th anniversary of Mongolia - World Bank partnership. In scope of the anniversary, we will conclude the works we have done and reflect the proposals of the Government of Mongolia to the cooperation strategy over the next 25 years".

PM J.Erdenebat stated:
"Mongolia must have three pillars of the economy. In regards, we will focus on the development of the processing industries in all sectors. Also, we will reduce our dependence on mining. However, today we have no mega projects which have positive environmental and social impact assessment and economically beneficial. 
Therefore, we have interest to work with World Bank on assessing mega projects of processing industry and drafting feasibility study which estimated the economic benefits".
James Anderson, the Permanent Representative of the World Bank gave advice PM to focus on restoring foreign investors confidence in Government of Mongolia. 
Tuyen Nguyen, country director of the IFC expressed his willingness to help Mongolia to overcome the economic downturn by supporting the private sector.

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