1 MONGOLIA RECORDS USD 16.6 BILLION IN TRADE WWW.MONTSAME.MN PUBLISHED:2025/09/11      2 GOVERNMENT REPORTS OPERATIONAL IMPROVEMENTS AT ERDENES TAVANTOLGOI UNDER SPECIAL REGIME WWW.MONTSAME.MN PUBLISHED:2025/09/11      3 DIESEL LOCOMOTIVE CONVERTED TO HYBRID LOCOMOTIVE IN MONGOLIA WWW.RAILLYNEWS.COM  PUBLISHED:2025/09/11      4 MONGOLIA REVEALS ITS UNTAMED BEAUTY AND RICH CULTURE THROUGH THE EYES OF DUTCH TOURISTS ON AN UNFORGETTABLE ADVENTURE WWW.TRAVELANDTOURWORLD.COM  PUBLISHED:2025/09/11      5 ROBOTIC MILITARY DOG TRAINING FEATURED IN CHINA-RUSSIA-MONGOLIA BORDER DEFENSE EXERCISE WWW.NOVINITE.COM  PUBLISHED:2025/09/11      6 MONGOLIA DEPLOYS 15TH BATTALION’S SECOND CONTINGENT TO UN MISSION IN SOUTH SUDAN WWW.MONTSAME.MN PUBLISHED:2025/09/11      7 THE MONGOLZ RANKINGS RISE TO SECOND WORLDWIDE WWW.MONTSAME.MN PUBLISHED:2025/09/10      8 CHABOT MOBILITY JOINS MONGOLIA VOYAGER PROJECT TO EXPORT K-MOBILITY INFRASTRUCTURE WWW.BIZ.CHOSUN.COM  PUBLISHED:2025/09/10      9 "OYUT" COPPER DEPOSIT WITH 1.1 MILLION TONS OF PURE COPPER DISCOVERED WWW.GOGO.MN PUBLISHED:2025/09/10      10 CHINA-RUSSIA-MONGOLIA BORDER DEFENSE COOPERATION 2025 JOINT EXERCISE KICKS OFF WWW.ENG.CHINAMIL.COM.CN  PUBLISHED:2025/09/10      ЗАСГИЙН ГАЗРЫН WWW.D-GOV.MN ЦАХИМ СИСТЕМ ӨНӨӨДРӨӨС АЖИЛЛАЖ ЭХЭЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/11     ТӨМӨРТЭЙН ОВООНЫ ЦАЙРЫН ОРДЫН ТУСГАЙ ЗӨВШӨӨРЛИЙГ АЛБАН ТУШААЛТНУУД ХУВИЙН КОМПАНИДАА ШИЛЖҮҮЛЭН АВСАН ҮЙЛДЛИЙН УЛМААС ТӨРД УЧРУУЛСАН ХОХИРЛЫГ НЭХЭМЖЛЭХЭЭР БОЛОВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/11     ТӨСВИЙН АЛДАГДАЛТАЙ АЛБАН ТУШААЛТНЫГ ЧӨЛӨӨЛНӨ WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/11     ДҮҮЖИН ЗАМЫН ТЭЭВЭР ТӨСӨЛД 2 ТЭРБУМААР ЗӨВЛӨХ ҮЙЛЧИЛГЭЭ АВНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/11     ИПОТЕКИЙН БАНК БАЙГУУЛАГДАХААС ӨМНӨ САНХҮҮЖИЛТИЙГ ЗАСГИЙН ГАЗАР РУУ ШИЛЖҮҮЛНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/09/10     Р.ЧИНГИСИЙГ ДОТООДЫН ЦЭРГИЙН ЕРӨНХИЙ КОМАНДЛАГЧААР ТОМИЛНО WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/10     БИРЖИЙН НҮҮРСНИЙ ЭКСПОРТ 739 МЯНГАН ТОНН БОЛЖ, ӨМНӨХ САРААС ХОЁР ДАХИН ӨСЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/10     “ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК НҮҮРС БАЯЖУУЛАХ ҮЙЛДВЭРЭЭС ГАРЧ БУЙ ХАЯГДАЛ НҮҮРСИЙГ ДАХИН БОЛОВСРУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/10     ХАЛЗАН БҮРЭГТЭЙН ОРДЫН АСУУДЛААРХ СОНСГОЛД ХОВДООС 50 ХҮН ОРОЛЦУУЛАХ ХҮСЭЛТ ГАРГАЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/09/10     “УЛААНБАДРАХ 300 МВТ ЦАХИЛГААН СТАНЦ” ТӨСЛИЙН ТЭЗҮ-ИЙГ МЭРГЭЖЛИЙН ЗӨВЛӨЛӨӨР ХЭЛЭЛЦҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/10    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Deutsche Bank fined by regulators over money laundering claims www.bbc.com

 
Deutsche Bank has been fined $630m (£504m) by US and UK regulators in connection with a Russian money laundering plan.
Under the scheme, clients illegally moved $10bn out of Russia via shares bought and sold through the bank's Moscow, London and New York offices.
Authorities said Deutsche had missed "numerous opportunities" to detect, investigate and stop the scheme.
Deutsche Bank said it was co-operating with regulators.
It also said it had put aside money to cover the cost of the settlement.
During the investigation, New York authorities and Britain's Financial Conduct Authority (FCA) found that so called "mirror" trades had been carried out through the bank between 2011 and 2015.
Clients would purchase stocks in rubles in Moscow before their counterparts sold the same stock at the same price through the bank's London branch.
'Unsafe and unsound'
"By converting rubles into dollars through security trades that had no discernible economic purpose, the scheme was a means for bad actors within a financial institution to achieve improper ends while evading compliance with applicable laws," according to the legal document detailing the settlement with DFS.
Regulators blasted the bank for failing to spot the ruse, saying it had conducted its business in an "unsafe and unsound" manner.
They also said the lender's anti-financial crime teams were ineffective and understaffed.
In total, New York authorities fined the bank $425m while the UK's FCA's fine was £163m, or about $204m.
In addition to paying the settlement, Deutsche Bank also will be required to hire an outside monitor to review its internal compliance measures.
It comes less than two weeks after the German bank finalised a $7.2bn settlement with the US Justice Department over its role in the 2008 financial crisis.
In addition to Monday's action, regulators fined three other banks for violations of anti-money laundering laws.
Italy's Intesa Sanpaolo was fined $235m, Agricultural Bank of China was fined $215m and and Mega Bank of Taiwan was fined $185m.
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S.Erdene elected next chairman of Democratic Party www.montsame.mn

Ulaanbaatar /MONTSAME/ Member of Parliament S.Erdene was elected the chairman of the Democratic Party, as a result of the Democratic Party Chairmanship election took place on Sunday. Leaders of the DP officially announced the election result on January 30.

The Democratic Party, the opposition in the Mongolian Parliament, organized its first all-member election, which received ballots from members in 21 provinces and nine districts of Ulaanbaatar city, with a total of 30 polling stations.

S.Erdene claimed victory in 12 polling units, while his strongest rival and former Prime Minister N.Altankhuyag won majority of votes in 10 units. Most votes were casted for S.Erdene in Tuv (Central) province.

The Democratic Party held its VI Assembly on December 6-7, 2016, with 1,210 attendees, representing its all 180 thousand members. Most of the attendees voted for selecting the chairman through all-member election. The candidates were the former Minister of Industry D.Erdenebat, former Prime Minister N.Altankhuyag, S.Erdene MP, former Minister of Education L.Gantumur and J.Batzandan MP.

The all-member election for DP Chairman completed on January 29, having collected ballots at 361 polling stations, with 70 percent voter turnout.

 
 
 
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Mongolia starts manufacturing steel ball www.gogo.mn

Steel ball manufacturing plant was opened at Darkhan Metallurgical Plant on January 28, 2017. The plant manufactures steel balls with 100-140 mm diameter by forging method and within this year, steel balls with 60-80 mm diameter will be manufactured using casting method.
Darkhan Metallurgical Plant used to produce steel ball semis of 300-350 thousand tons and export to China, while some mineral processing companies has imported steel balls of USD180-200 thousand annually from China.
“- We are proud that we now can manufacture value added final product. Our plant is the first biggest steel ball manufacturing plant, using hammering method. It has control system and is fully automated, and eco-friendly. Basic facilities and equipment is supplied from German ‘Schuler Group”, which has 177 years of history. When plant with casting method starts operating, the two plants will have annual capacity of 55-60 thousand tons and we will provide some 80 per cent of domestic demand. Therefore, money outflow of USD60 million will be stopped and remain in the country. It is estimated that over 100 new jobs will be created. Our high quality products meet euro standard, allow our customers to save their cost by 15-30 per cent” said Executive Director of the plant D.Batjavkhlan.
The plant expects its new product to be used mainly in Oyu Tolgoi and Erdenet, copper and gold mine and processing plant. Minister of Construction and Urban Development G.Munkhbayar attended the opening ceremony and said that the Government stated in its action plan that it would boost industrialization and job creation, thus, the Government will support and cooperate with Darkhan Metallurgical Plant. “-Job creation and stable employment is vital. I hope we will supply our steel demand in construction sector fully at home very soon”.
Darkhan Metallurgical Plant was built in 1990 and it owns the Tumurtolgoi, Tumurtei and Khust iron ore deposits.

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Volkswagen overtakes Toyota as the world's biggest carmaker www.bbc.com

Volkswagen has overtaken Toyota to become the world's best-selling carmaker, the first time the German company has held the position.
Japan's Toyota, which had topped sales for the past four years, sold 10.175 million vehicles globally in 2016.
That fell short of the 10.31 million sales which VW reported last week.
The milestone comes despite VW's scandal over emissions tests cheating, which sparked a global backlash and multiple lawsuits.
Volkswagen, which makes the Audi, Porsche and Skoda brands, saw a 3.8% increase in sales buoyed by demand in China.
And it has been making inroads in other markets too. In Sweden for example, the Volkswagen Golf was the most popular new car in 2016 - the first time in more than half a century that a Volvo hadn't topped the country's sales.
Toyota's sales grew by 0.2% - though it appears to have suffered from a slowdown in the US car industry.
General Motors reports its figures next week, but it is expected to lag both the Japanese and the German firms.
GM was the world's third-largest carmaker in 2015. It held the number one title in 2011 after Toyota's production was hit by a massive earthquake and tsunami in north-eastern Japan.

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Starbucks to hire 10,000 refugees worldwide after Trump ban www.afp.com

 
Starbucks plans to hire 10,000 refugees worldwide over the next five years in response to President Donald Trump's travel ban, the head of the US coffee-chain company said Sunday.
"I write to you today with deep concern, a heavy heart and a resolute promise," Starbucks chairman and chief executive Howard Schultz said in a letter to employees posted on the company's website.
"We are living in an unprecedented time, one in which we are witness to the conscience of our country, and the promise of the American Dream, being called into question."
Schultz, a Democratic Party supporter, said that Starbucks had been in contact with employees affected by the new Republican president's executive order signed Friday.
The decree suspends the arrival of all refugees for at least 120 days, Syrian refugees indefinitely and bars citizens from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen for 90 days.
The CEO said the refugee hires would be fleeing war, persecution and discrimination in the 75 countries where the company operates.
"And we will start this effort here in the US by making the initial focus of our hiring efforts on those individuals who have served with US troops as interpreters and support personnel in the various countries where our military has asked for such support," he said.
Schultz also defended Mexico, which Trump has said will have to pay for a wall along its long and porous border with the United States to deter immigrants, perhaps by the US imposing a 20 percent tariff on Mexican imports.
"Building bridges, not walls, with Mexico," he wrote, voicing support for the country that has provided Starbucks with coffee for three decades and where nearly 600 Starbucks coffee shops employ 7,000 people.
"We stand ready to help and support our Mexican customers, partners and their families as they navigate what impact proposed trade sanctions, immigration restrictions and taxes might have on their business and their trust of Americans.
"But we will continue to invest in this critically important market all the same."
Schultz is close to Hillary Clinton, the Democratic presidential candidate who lost to Trump in the November election, and supported her during her White House campaign.
But he has dismissed persistent rumors that he would seek the highest office in the land.
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Toshiba to review overseas nuclear power business www3.nhk.or.jp

 
Struggling Japanese electronics giant Toshiba says it will review its overseas nuclear power business. Its loss in the US is reported to be more than several billion dollars.
President Satoshi Tsunakawa told reporters on Friday that the company will reconsider its plan to accept new orders for more than 45 nuclear reactors by fiscal 2030.
Toshiba said its massive losses in the US were due to construction costs for 4 reactors. The equipment and material costs ballooned to meet stricter safety standards following the Fukushima crisis.
Company officials said they are considering an end to accepting new construction orders for reactors. Instead, they are thinking of only taking orders for the delivery of equipment for reactors.
Toshiba is expected to include this revision in its business plan. The company will reveal it together with its earnings report on February 14.
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Mongolians protest over air pollution: 'Wake up and smell the smog' www.bbc.com

 
Thousands of Mongolians took to the streets of the capital, Ulaanbaatar, on Saturday to call for the government to take action on air pollution.
Protesters, some wearing face masks and holding black balloons, gathered as temperatures fell below -20C.
Ulaanbaatar, one of the world's coldest capitals, is also one of the most polluted cities in the world, according to the UN children's agency Unicef.
Many residents burn polluting fuels to keep their homes warm.
Some say they cannot afford the alternatives and have asked for state assistance.
One protester's banner read: "Wake up and smell the smog."
It is the second pollution protest during the current Mongolian winter.
In December, Mongolian environment and tourism minister Oyunkhorol Dulamsuren said that, between 2011 and 2015, the government spent more than $37m, plus $47m from international donors, on tackling air pollution.
Among children under five, respiratory infections are one of the leading causes of death, Unicef says.
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Steelworkers to vote on Port Talbot rescue plan www.theguardian.com

 
Thousands of steelworkers will vote on rescue proposals for the Port Talbot steelworks this week in a definitive moment for the crisis in the industry.
Tata Steel has tabled a proposal to save 8,000 job in its UK business, including the Port Talbot steelworks in south Wales, by investing £1bn into modernising its operations over the next 10 years.
However, this investment depends on spinning off the pension fund behind Tata Steel UK into a separate entity and replacing the final salary pension scheme with a less generous defined contribution scheme.
The existing scheme – the British Steel pension scheme (BSPS) – could enter the Pension Protection Fund (PPF) as part of the arrangement, which would result in a 10% cut to members’ benefits. However, for this to occur Tata Steel must convince the Pensions Regulator that its UK business is on the brink of insolvency and is likely to have to pump hundreds of millions of cash into the scheme.
The BSPS has 130,000 members and £15bn of liabilities. It would be by far the biggest pension scheme to be taken on by the PPF.
The trade unions Unite, GMB and Community have recommended that workers vote in favour of the proposals, but they could still be rejected given the changes to the pension scheme.
If the rescue package is approved then Tata Steel will look to complete a merger of its European operations with ThyssenKrupp, the German industrial conglomerate.
Tata Steel declined to comment. The trade unions said they had not made the recommendation lightly, telling workers: “Nobody is saying that the proposal on the table is without issues. But as we have said before, what you are voting on is the best outcome that could be achieved through negotiation. It is our collective view, supported by our independent experts, that this is the only credible and viable way to secure the future.”
However, John Ralfe, a pension consultant, warned: “ThyssenKrupp won’t touch Tata UK or Tata Holland unless the British Steel pension scheme is hived off. The risks of it coming back to bite them are too high.
“It is not clear what the pension trustees have in mind with the plan to hive off the pension scheme without Tata Steel UK going into insolvency. The legal tests for a regulated apportionment arrangement [the process whereby a pension scheme enters the PPF] are deliberately set very high.
“The BSPS will certainly close to new pensions, but the £15bn of historic liabilities are likely to remain the responsibility of Tata Steel UK, which will continue to soldier on, and ThyssenKrupp would then be almost certain to walk away.”
The steel jobs have been at risk since last March when Tata Steel announced it was putting its UK business up for sale amid losses of more than £1m a day. The decision sparked a political crisis as the government scrambled to secure the future of the plant. Port Talbot is one of only two sites in Britain that makes steel in blast furnaces.
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Russian Football Clubs Spent More Than $114 Million on Player Transfers in 2016 www.themoscowtimes. com

Russian football clubs spent over $114 million on player transfers last year, FIFA's press service has announced. FIFA said this figure is 383 percent higher than the amount spent during the previous year.

According to FIFA, in 2016 the total number of international transfers in football worldwide reached 14,591 trades, exceeding the previous year's total by 1,000.

Total spending on trading worldwide was $4.7 billion, 14.3 percent higher than 2015's figure.

The greatest activity came from Chinese clubs, which spent $451 million on new players. Since 2013, the volume of purchases by Chinese clubs increased 17 times.

European clubs spent $3.9 billion in total last year.

Among national football federations, the highest expenditure was recorded by English teams. Last year, English clubs bought players whose value totaled $1.3 billion, representing more than 43 percent of the total expenditure of the "Big Five" (England, Germany, Spain, Italy and France).

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Mark Zuckerberg criticizes Trump on immigration www.cnn.com

Mark Zuckerberg has decided to speak up against President Trump.
The Facebook (FB, Tech30) CEO and cofounder expressed concern on Friday over Trump's executive orders this week on immigration and refugees.
"Like many of you, I'm concerned about the impact of the recent executive orders signed by President Trump," Zuckerberg wrote in a Facebook post, which cited his family's immigrant background and his volunteer work with undocumented schoolchildren.
"We should also keep our doors open to refugees and those who need help," Zuckerberg wrote. "That's who we are. Had we turned away refugees a few decades ago, Priscilla's family wouldn't be here today."
On Friday, Trump signed an executive order calling for "extreme vetting" of refugees, following through on promises on the campaign trail. Earlier in the week, Trump signed an executive order prioritizing the deportation of criminals, but with a more sweeping definition of "criminal."

"We need to keep this country safe, but we should do that by focusing on people who actually pose a threat," Zuckerberg wrote. "Expanding the focus of law enforcement beyond people who are real threats would make all Americans less safe by diverting resources, while millions of undocumented folks who don't pose a threat will live in fear of deportation."
Zuckerberg, who has called for a more open immigration policy, also clashed with Trump during the campaign.
"Mark Zuckerberg's personal senator, Marco Rubio, has a bill to triple H-1Bs that would decimate women and minorities," Trump said in October 2015.
"Instead of building walls, we can help build bridges," Zuckerberg said at an event in April 2016, in an apparent dig at Trump's proposal to build a border wall with Mexico.
Zuckerberg's latest criticism comes just one day after Facebook COO Sheryl Sandberg criticized Trump on abortion policy.
The top two Facebook execs have mostly stayed silent on Trump since his election victory, with rumors mounting that either or both may be interested in running for political office. (Zuckerberg recently said he has no intention to run.)
Peter Thiel, Facebook's longest-standing board member, was a vocal supporter of and donor to the Trump campaign. Thiel was a member of Trump's transition team and helped wrangle tech leaders, including Sandberg, to meet with Trump in December.

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