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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Facebook's solar-powered internet plane takes flight www.theguardian.com

Facebook has announced the first successful test flight of a high-altitude solar plane to bring internet access to remote parts of the world.
 
The Aquila drone has the wingspan of an airliner but weighs less than a car. When cruising it consumes just 5,000 watts – the same as three hairdryers or a powerful microwave.
 
The first flight took place on 28 June in Arizona. Facebook said the test went better than expected and that Aquila’s 96-minute flight was three times longer than planned.
 
Aquila was developed in Bridgwater, Somerset, by Ascenta, a designer of solar-powered drones that Facebook bought in March 2014. The drone, designed to fly non-stop for three months, will use lasers to beam down internet access to remote areas without online capacity.
 
Facebook installed a team of engineers at Bridgwater from fields of expertise including aerospace, avionics and software and who had previously worked at organisations such as Nasa, Boeing and the Royal Air Force.
 
Mark Zuckerberg, Facebook’s chief executive, revealed in March 2015 that the company had been testing drones in the skies over the UK.
 
Facebook intends Aquila to be part of a fleet of planes that will provide the internet to 4 billion people in sub-Saharan Africa and other remote regions that do not have access currently.
 
Jay Parikh, Facebook’s head of engineering and infrastructure, said in a blog: “We’re encouraged by this first successful flight, but we have a lot of work ahead of us … In our next tests, we will fly Aquila faster, higher and longer, eventually taking it above 60,000 feet.”
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New Gorilla Glass helps prevent phone smashes www.bbc.com

Dropping your smartphone when taking a selfie could soon be less risky, says specialist glass maker Corning.
It has launched its next generation of Gorilla Glass - the material used in more than 70% of smartphone screens, including on Samsung and Apple devices.
Corning said Gorilla Glass 5 could survive more than 80% of drops from as high as 1.6 metres.
Shattered or cracked screens are the number one cause of smartphone repairs and customer complaints globally.
The new glass was tested on rough surfaces - a demo for journalists showed dummy phones being dropped from a height of 1.6 meters onto a sheet of sandpaper.
Some of the phones tested survived over 20 hard drops in the lab. Typically, most phone drops are from between waist and shoulder height.
As well as drops, the company said it was twice at good at resisting scratches and other damage compared to what's currently on the market.
Device manufacturers are expected to unveil products with the new glass within the next few months.
Melting pot
"We've been working with our closest customers for quite some time now," Corning's vice president and general manager John Bayne told the BBC.
"And there's tremendous interest in this product for obvious reasons."
However, he warned that Corning had no control over eventual smartphone designs, meaning some models could be slightly weaker depending on the manufacture and design of the device. Corning's statistics were based instead on controlled lab conditions.
The company would not let the BBC test the glass outside of the lab.
Corning's work in specialist glass dates back to 1879, when it produced the glass used in the iconic Edison lightbulb.
By 2016, more than 4.5 billion devices use Gorilla Glass, which is created using a technique known as fusion forming. It involves placing the raw materials - sand and "other inorganic material" - into a melting pot.
It is then transferred to an isopipe, essentially a small trough, which is intentionally overfilled. The melted material spills out over both sides and combines underneath to form the sheet of glass.
This technique means there is no human contact needed in creating the glass, eliminating defects and removing the need to treat the glass afterwards.
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Softbank, Honda to jointly research on AI for cars www3.nhk.or.jp

Executives at Japanese telecom operator Softbank and Honda Motor say they are going to start joint research on artificial intelligence for vehicles.
 
Softbank Group officials say the companies will develop voice interaction technology that enables AI-equipped cars to understand the driver's emotions.
 
The research work will draw on the technology behind the humanoid robot "Pepper," developed by Softbank Group. The robot behaves and chats as if it has emotions of its own.
 
The officials say the vehicle AI will sense drivers' feelings and interact with them. The technology will be integrated with navigation systems, cameras and sensors installed in vehicles.
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IMF: G20 should prepare for 'Brexit' impact www3.nhk.or.jp

The International Monetary Fund has asked Group of 20 finance officials to prepare for possible problems in negotiations on Britain's exit from the European Union.
 
The IMF's recommendation came in a report it published on global economic issues on Thursday.
 
G20 finance ministers and central bank governors are to hold a meeting in Chengdu, China, on Saturday and Sunday. The finance officials are expected to discuss ways to cope with uncertainties in financial markets and the world economy.
 
Britain's decision to leave the EU sparked turmoil and uncertainty in markets at one time. The Japanese yen surged against the dollar to its highest level in more than 2-and-a-half years as investors seeking a safe haven bought the currency.
The IMF report says reducing uncertainty surrounding Britain's exit from the European Union would help limit an adverse impact. It says a smooth and predictable transition to a new relationship between the UK and the EU that as much as possible preserves the gains from trade is essential.
 
The report says that while uncertainty about the outcome of negotiations remains, policymakers should stand ready to act decisively should financial market turbulence threaten the global outlook.
 
Observers say the focal point in the meeting is how much the G20 financial officials will be able to cooperate to reduce the impact of "Brexit".
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Japan’s Komatsu is buying Joy Global for $3.7 billion www.mining.com

Japanese manufacturer of mining equipment Komatsu (TYO: 6301) will buy US-based competitor Joy Global (NYSE:JOY) in a transaction valued at $3.7 billion, the latest takeover in a string of outbound M&A deals by Japanese companies encouraged by a strong yen.
 
Under the terms of the agreement, Joy Global stockholders will receive $28.30 per share in cash for each outstanding share of common stock held, representing a 48% premium to the volume weighted average closing price of Joy Global’s common stock for the 90 trading days, and a 41% premium to the volume weighted average closing price of the firm's common stock for the 60 trading days prior to July 21, 2016.
 
The deal, Komatsu’s biggest-ever acquisition, is set to boost its ability to compete with Western rivals, particularly Caterpillar (NYSE:CAT).
 
Joy Global’s chief executive, Ted Doheny, said that while the deal was a “compelling transaction”, it didn’t mean conditions in the sector have improved.
 
“The mining industry continues to face cyclical headwinds from oversupplied commodities and reduced end user demand resulting in free cash flow restrictions for most producers,” he said in a statement. “We are also seeing structural changes in the US and China coal industry.”
 
Komatsu, the world's second-biggest mining and construction equipment maker, said the deal was consistent with its growth strategy for the mining division. The Japanese firm’s main plant for that sort of equipment is based in Peoria, Illinois, which makes it an easy fit with Joy Global.
 
Currently, Komatsu only makes surface-mining equipment, while Joy is the largest independent manufacturer of machines used underground.
 
The deal is expected to close next year.
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German firms want an over €2bn stake in Russian high-speed railway www.rt.com

A consortium of major German companies has offered an over €2 billion investment in the Moscow-Kazan high-speed railway, Kommersant daily reported citing its sources.
 
According to them, officials from Russian Railways (RZD) met with the head of Siemens Russia and CIS Dietrich Meller this month. They discussed the possibility of €1.5 billion investment in the railway construction with an additional €700 million for the purchase of rolling stock. Siemens along with Deutsche Bank, Deutsche Bahn and other major companies are part of the German Initiative Group consortium.
 
Siemens has said it is ready to provide an enhanced version of the high-speed Sapsan train for the new railway.
 
The Moscow-Kazan route is planned as part of a network of high-speed lines to be built by the time Russia hosts the football World Cup in 2018.
 
China has already expressed an interest in funding the Russian project, saying it will put in up to $6 billion. Beijing considers the Moscow-Kazan project not only as an investment, but also as a way to boost communication and trade with Russia and Europe.
 
The joint Russia-China investment in the railway is about $15 billion.
 
The cost of the 770-kilometer track which stretches through seven regions of Russia is estimated at $21.4 billion. The current journey time from Moscow to Kazan of 12 hours will be reduced to three and a half. The trains will be able to reach speeds of 400 kilometers per hour.
 
The Moscow-Kazan railway is a step towards the future connection between Moscow and Beijing as the two countries plan a high-speed railway linking their capitals. The 6,000 kilometer train journey between the two countries will take just two days. In January, RZD head Aleksandr Misharin said the construction of the Russia-China route would take from eight to 10 years.
 
When talking about the negotiations with German and Chinese partners, Misharin said the company was “choosing a competitive offer.”
 
Meanwhile, Siemens has expressed an interest in cooperating with Russia and China over the manufacturing of rolling stock for the new route. "We may consider a trilateral partnership. We have a joint venture with the Russian Sinara group and excellent relations with China in the area of train production,” said Meller.
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French winery wants to invest in Crimea www.rt.com

French wine producer Liber Pater Bordeaux is ready to develop winemaking in Crimea, according to the peninsula’s ministry of agriculture.
 
A representative of Liber Pater Bordeaux, Loic Pasquier, has offered to set up a winery with Russian company Wintex which already operates in Russia’s Krasnodar region.
 
Crimea’s Minister of Agriculture Andrey Grigorenko suggested the French company “develop a business plan and choose land for the project.”
 
"Grape growing and winemaking are the priority sectors of our republic’s agricultural development, that’s why we welcome investment in Crimea,” the minister said, adding that Liber Pater Bordeaux could become part of Crimea’s tax-free economic zone which came into effect in March 2014.
 
"You should meet all the conditions to become a participant of the tax-free economic zone. Our experts will help to solve all the logistical issues,” Grigorenko told Pasquier.
 
The head of Crimea Sergey Aksenov has previously said the region offers a safe and comfortable environment for foreign investors willing to run a business on the peninsula.
 
The tax-free economic zone makes Crimea particularly attractive. The Italian company Ecologia e Ambiente plans to invest €300 million in the development of grape growing and winemaking in Crimea.
 
The head of the Italian Baracchi winery Riccardo Baracchi visited Crimea last month, said he intends to set up production of his wine in the region.
 
Investors from Italy visited Crimea in April looking for land to build an agro-industrial park. They plan to attract dozens of Italian agricultural technology companies to work in the park. The businessmen are interested in building greenhouses and develop wine growing, livestock breeding and processing agricultural goods.
 
Turkish, Saudi and Chinese businessmen have also expressed an interest in the peninsula. Businessmen from Turkey are expected to invest over $12 billion in Crimea. They have already signed a deal to construct a five-star hotel in Simferopol.
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PayPal seeks to extend reach with Visa tie-up www.reuters.com

PayPal Holdings Inc (PYPL.O) on Thursday showed strong growth in its online payments business, meeting Wall Street earnings expectations and announcing a partnership with Visa Inc (V.N) that is expected to boost the reach and revenue of the money-moving service.
 
The deal is intended to make it easier for customers to use Visa credit and debit cards in PayPal transactions and allow shoppers to use PayPal in brick-and-mortar retail locations.
 
PayPal shares were up about 2 percent in after-hours trading. Shares are up more than 30 percent over the last six months.
 
The San Jose, California, company raised its full-year 2016 revenue guidance to a range of $10.75 billion to $10.85 billion, and projects growth of at least 16 percent.
 
Second-quarter earnings rose to 36 cents per share, in line with analysts' expectations, and year-over-year revenue growth rose 15 percent to $2.65 billion.
 
The Visa partnership allows PayPal users to cash out their PayPal accounts instantly by using a Visa debit card. Any balance in the user's PayPal account can be immediately transferred to a bank account tied to the Visa card. The process used to take several hours or days, said Bill Ready, PayPal's global head of product and engineering.
 
Some retail locations that accept Visa tap-and-pay - a feature that allows the shopper to wave a card or mobile phone over a reader to pay - will also accept PayPal. Ready would not offer specifics on the timeline or locations.
 
Ready declined to say how much additional revenue the Visa partnership might generate, but said: "When you make payment super low-friction, super easy to do, you see a great increase in volume and conversion rates."
 
Some investors voiced concerns about additional transaction expenses, while others cheered the partnership as driving "meaningful upside" for PayPal, analyst Bill Carcache of Nomura Securities said in a research note.
 
"A collaboration between PayPal and Visa could present a formidable obstacle to Apple Pay (and) Google Wallet," added Charles King, principal analyst at Pund-IT.
 
The 18-year-old PayPal is a leader in online payments despite an increasingly crowded field. It has 188 million quarterly active customer accounts, an 11 percent increase, and completed 1.4 billion transactions, a 25 percent jump from the same period last year.
 
PayPal completed a spin-off from e-commerce company eBay Inc.(EBAY.O) a year ago. Its current market cap is more than $48 billion.
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Rio Olympics 2016: Russia fails to overturn athlete ban for next month's Games www.bbc.com

Russian track and field athletes will remain banned from the Olympics following claims the country ran a state-sponsored doping programme.

The Russian Olympic Committee (ROC) and 68 Russian athletes attempted to overturn the suspension, implemented by the body that governs world athletics.

But the Court of Arbitration for Sport (Cas) has ruled it can stand.

A handful of Russian athletes could still compete as neutrals at the Rio Games, which start on 5 August.

"It's sad but rules are rules," said Olympic 100m and 200m champion Usain Bolt, who is targeting more gold medals in Rio.

He said it was important to send a strong message to the dopers.

"Doping violations in track and field is getting really bad," said the Jamaican, 29. "If you cheat or go or against the rules, this will scare a lot of people."

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Russia ban sends strong message - Usain Bolt
However, Russian pole vaulter Yelena Isinbayeva - one of the 68 to appeal to Cas - said the ruling was "a blatant political order", while the Russian Foreign Ministry called it a a "crime against sport".

Isinbayeva, the 2012 gold medallist, 34, told the Tass news agency: "Thank you all for this funeral for athletics."

The International Association of Athletics Federations (IAAF) said it was "pleased Cas has supported its position", adding that the judgement had "created a level playing field for athletes".

IAAF president Lord Coe added: "This is not a day for triumphant statements. I didn't come into this sport to stop athletes from competing.

"Beyond Rio, the IAAF taskforce will continue to work with Russia to establish a clean safe environment for its athletes so that its federation and team can return to international recognition and competition."

Separately, the International Olympic Committee (IOC) is considering calls to ban all Russian competitors from the Rio Games following a second report into state-sponsored doping.

What now for Russia's athletes?

Some Russian athletes could compete in Rio as neutrals if they meet a number of criteria, including being repeatedly tested outside their homeland.

At least two - 800m runner and doping whistleblower Yuliya Stepanova and US-based long jumper Darya Klishina - have gone down that path.

Now the ruling by a three-person Cas panel has cleared the way for others.

Cas said the ROC could still nominate athletes to compete as neutrals. However, a Cas spokesman said the panel had expressed concerns that this left "no possibility" for athletes to comply with the criteria.

Who was on the Cas panel?

Three lawyers from Italy, Britain and the United States, widely regarded as amongst the most experienced judges on the court's list of around 400 approved arbitrators.

The chairman was Milan-based Luigi Fumagalli, who also sat on the panel which upheld Fifa's four-month ban on Uruguay's Luis Suarez for biting Italian defender Georgio Chiellini opponent at the 2014 World Cup.

Retired judge Robert Reid, from England, has chaired disciplinary committees for the Premier League and sat in judgment of Pakistan cricketer Salman Butt's failed appeal to Cas against a ban for fixing.

Finally, Jeffrey Benz from Los Angeles is a former legal adviser to the United States Olympic Committee.

Why were Russian athletes banned?

Russia was suspended from track and field events by the IAAF in November 2015 following the publication of an independent World Anti-Doping Agency (Wada) report that showed a culture of widespread, state-sponsored doping.

Sports minister Vitaly Mutko apologised for Russia's failure to catch the cheats but stopped short of admitting the scandal had been state-sponsored.

However, another Wada-commissioned report delivered earlier this week - the McLaren report - contained more damaging allegations and suggested senior figures in Russia's sports ministry were complicit in an organised cover-up.

The report implicated the majority of Olympic sports in the cover-up and claimed that Russian secret service agents were involved in swapping positive urine samples for clean ones.

Following Monday's publication of the McLaren report, the IOC faced calls to ban all Russian competitors from the 2016 Olympics and will hold an second emergency meeting on Sunday to decide its course of action.

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McDonald's Japan's market cap hits 14-year high on Pokemon Go deal www.asia.nikkei.com

TOKYO -- Shares of the Japanese unit of McDonald's rose on the Jasdaq market in Tokyo on Thursday morning, pushing up the company's market capitalization to the highest level in about 14 years and 8 months.

Investors piled into the stock following Wednesday's announcement the Japanese unit of the hamburger chain will soon unveil a marketing plan in collaboration with the hit mobile game Pokemon Go, jointly developed by Nintendo, Pokemon Co. and Niantic.

At one point, McDonald's Holdings (Japan)'s estimated market value based on the number of outstanding shares topped 500 billion yen ($4.66 billion), the highest level since November 2001, far exceeding rival restaurant operators such as Skylark and Zensho Holdings, valued at 270 billion yen and 240 billion yen, respectively, at the end of morning trade.

McDonald's dominated trading during the morning, with its trading value exploding to 25.5 billion yen, or about 21 times bigger than Avix, the second most actively traded share on the Jasdaq market.

Trading has increasingly been active in Nintendo shares on the back of the 'Pokemonomics' boom. Traders say Nintendo shares are active likely due to high-frequency trading by hedge funds. But, according to kabu.comSecurities strategist Tatsunori Kawai, "McDonald's shares are less likely to be the target of HFT because individual investors tend to hold on to their stocks for the right to special investor benefits, limiting liquidity, which is key to HFT."

Some domestic individual investors are said to be trading McDonald's shares using their original, simple trading programs that place buy and sell orders automatically in response to price movements. Still, Kawai pointed out, "If trading value continues to grow, it may prompt HFT to step in."

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