Growth remains generally strong in advanced economies, according to the IMF, which warns it has slowed in many of them, including in the United Kingdom, Japan and countries in the euro area.

“The United States has initiated trade actions affecting a broad group of countries, and faces retaliation or retaliatory threats from China, the European Union, its NAFTA partners, and Japan, among others,” the IMF said.

It added the US could be the “focus of global retaliation” and would be especially vulnerable if President Trump slapped China with $200 billion in fresh tariffs. The world’s two largest economies, the US and China have introduced tariffs of 25 percent on $34 billion of each other’s exports this month.

The Trump administration later accused China of not negotiating “seriously” on trade and released a list of $200 billion worth of Chinese exports that could be subject to new 10-percent tariffs. The new tariffs would kick in within 60 days.

The IMF has urged countries not to look "inward" and to end the trade tensions which continue to dampen growth. “Countries must resist inward-looking thinking and remember that on a range of problems of common interest, multilateral cooperation is vital,” said the IMF’s chief economist Maurice Obstfeld.

The fund has projected 2018 growth of 2.4 percent for the advanced economies which is down 0.1 percentage point from its April World Economic Outlook projection.

“We maintain an unchanged forecast of 2.2 percent growth in those economies for 2019,” the IMF said.

For emerging market and developing economies as a group, the IMF still projects growth rates of 4.9 percent for 2018 and 5.1 percent for 2019.

A US treasury official says Secretary Steven Mnuchin plans to hold a meeting with his G7 counterparts.

That would happen on the sidelines of a G20 meeting of finance ministers and central bank governors in Argentina this weekend. The official says Mnuchin will take up what he calls China's theft of technology and trade secrets.

The meeting comes as trade tensions escalate between Washington and Beijing.

The US imposed additional tariffs on a wide range of Chinese imports, and China has struck back with levies on a similar scale.

The senior official added that Mnuchin has no formal bilateral meetings planned with Chinese officials during the G20.

But the Treasury Secretary is scheduled to hold bilateral talks with the finance ministers of Japan, Germany, and Mexico. They are expected to discuss Washington's plan to impose additional tariffs on automobile imports.

Luke Colton, interim Chief Executive Officer of Turquoise Hill, said, “During the second quarter, Oyu Tolgoi continued processing Phase 4A ore resulting in improved gold grades, production and recovery.

This trend is expected for the remainder of the year. Mill throughput during the quarter benefited from high intensity blasting, which was introduced in 2017.

Oyu Tolgoi continues to make good underground development progress, as evidenced by the completion of Shaft 5.” Mill throughput increased 6.3% over Q1’18 due to higher utilization rates and the positive impact of high intensity blasting.

Copper production in Q2’18 increased 1.5% over Q1’18 as a result of higher mill utilization rates offset by slightly lower grades from the depletion of Phase 6 ore. Gold production increased 19.0% over Q1’18 due to stronger mill utilization rates, higher grades from Phase 4A and increased recovery. Sales in Q2’18 benefited from improved logistics as inventory accumulated during the Q1’18 force majeure worked its way through the system.

Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 240,000 to 280,000 ounces of gold in concentrates for 2018. Due to the positive impact of high intensity blasting, mill throughput for 2018 is expected to be approximately 40 million tonnes.

The bill was initially planned to be discussed during the last spring session of Parliament. After looking into similar laws and regulations in Canada and Japan, the working group, led by Chief G. Zandanshatar, wrote the bill in alignment with Mongolia’s legal environment and specific characteristics.

The bill includes provisions to categorize civil servants’ responsibilities as ethical or disciplinary. According to the bill, when taking measures against civil servant misconduct, disciplinary actions must be suited to the misconduct, not redundant, and maintain transparency

As of June 20, oil export volume stood at 3.1 million barrels (424,000 tons) nationwide, bringing its export performance to 38.6 percent.

According to the 2018 State Budget Law, 223.45 billion MNT should be generated from the petroleum sector. In the first half of 2018, state revenue from crude oil exports amounted to 94.3 billion MNT. Construction of oil refinery infrastructure commenced in Altanshiree soum of Dornogobi Province on June 22, after many years of talks.

The letter said, “26 Members of the State Great Khural sent an official letter about “summoning the Parliament for an irregular session regarding the nullification of the Parliament’s 7th Resolution, issued on July 8th, 2016, in consideration of the incompetence of Kh.Enkhjargal, General Director of the Independent Authority Against Corruption, in carrying out the legally bound duties of the government body, which is designated to combat corruption, given that major corruption cases such as ‘the MNT 60 billion’ subside after reaching the Independent Authority Against Corruption” on July 10th, 2018.

Based on Section 3 of Article 25 of the Constitution of Mongolia, Section 1 of Article 12 of the Law of Mongolia on President and Section 3 of Article 16 of the Law of Mongolia on the State Great Khural, I hereby forward my proposal, in belief that there is an imperative need to summon the Parliament for an irregular session regarding the aforementioned matter demanded by the Members of the Parliament.”

Amazon's (AMZN) stock hit a new all-time high Monday. That means Bezos -- the world's wealthiest person -- is now worth more than $150 billion, according to Forbes.

For perspective, Bezos is worth more than Microsoft (MSFT) co-founder Bill Gates and Google (GOOGL) co-founder Larry Page combined.

Berkshire Hathaway's (BRKB) Warren Buffett is the third richest person on the planet behind only Bezos and Gates. But the Oracle of Omaha trails Bezos by nearly $70 billion.

Bezos, who also personally owns The Washington Post and space exploration company Blue Origin, has most of his net worth tied up in Amazon stock. He is the company's largest shareholder, with a more than 16% stake.

Amazon's growing clout in retail, cloud computing, media and numerous other areas has put the company closer to surpassing Apple (AAPL) as the world's most valuable company.

Amazon's stock is up nearly 60% this year and the company has a market value of more than $890 billion. Apple's market value is a little more than $935 billion.

Amazon will report its second quarter results on July 26. Analysts are forecasting a more-than-40% jump in sales and a more than sixfold surge in earnings per share.

E-Commerce Guide by CNN Underscored: Your guide to shopping Amazon Prime Day 2018

The company has reliably topped Wall Street's forecasts and if Amazon delivers another blowout quarter, the company could soon find itself worth more than $1 trillion.

That would put the net worth of Bezos closer to $175 billion

63.9 percent of the total population of Orkhon aimag is young people aged 18 to 35. Thus, the local authorities gave permission of two hectares of land near Erdenet stadium for the apartment complex considereing the necessity. Six five-storey buildings with 288 apartments will be built at the site. Approximately MNT 24 billion is funded for the construction.

The apartment complex was initiated by deputy head of the Cabinet Secretariat B.Bat-Erdene and was named ‘BB Park’, using the abbreviation of his name. This work is a start of the cooperation between Orkhon aimag and Siheung city of South Korea.

M.Anudari

7 out of the 13 graduates, selected by their skill and knowledge are NUM graduates in 2018 and they will work in chip design field in Japan.

Electronic engineering program aims to train internationally recognized creative and skillful specialists who will invent, implement and introduce electronic devices and systems.

B.Batchimeg