1 MONGOLIA’S “TOP-100” BUSINESSES OF 2024 RECOGNIZED WWW.MONTSAME.MN PUBLISHED:2025/07/04      2 MONGOLIA’S WWII LEGACY: ASSET OR LIABILITY IN 2025? WWW.THEDIPLOMAT.COM PUBLISHED:2025/07/04      3 UNDP LAUNCHES GRANTS TO STRENGTHEN CIVIC PARTICIPATION AND PUBLIC SERVICE INTEGRITY IN MONGOLIA WWW.UNDP.ORG PUBLISHED:2025/07/04      4 ION ANNOUNCES CLOSING OF DEBT SETTLEMENT AND UPDATE ON JOINT VENTURE ON URGAKH NARAN PROJECT WWW.STOCKTITAN.NET  PUBLISHED:2025/07/04      5 WOMEN’S 3X3 BASKETBALL TEAM CLIMBS TO WORLD NO. 5 WWW.UBPOST.MN PUBLISHED:2025/07/04      6 MONGOLIA RECORDS 24 MODERATE EARTHQUAKES IN FIRST HALF OF 2025 WWW.MONTSAME.MN PUBLISHED:2025/07/04      7 FLIGHTS BETWEEN MOSCOW, ULAANBAATAR TO BE RESUMED BY YEAR-END WWW.TASS.COM PUBLISHED:2025/07/04      8 EMPEROR MEETS REPORTERS AHEAD OF VISIT TO MONGOLIA WWW.3.NHK.OR.JP PUBLISHED:2025/07/03      9 WOOD ADVANCES RARE EARTH ELEMENTS PROJECT IN MONGOLIA WWW.MININGWEEKLY.COM  PUBLISHED:2025/07/03      10 THE BANK OF MONGOLIA PURCHASES 5.9 TONS OF PRECIOUS METALS IN FIRST HALF OF 2025 WWW.MONTSAME.MN PUBLISHED:2025/07/03      ХӨРӨНГӨ ОРУУЛАГЧДЫГ ХУРЛААР БУС, ХУУЛИАР УРЬДАГ ЮМ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/04     НҮҮРС ТЭЭВРИЙГ ХОЛИМОГ ТЭЭВРЭЭР ГҮЙЦЭТГЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/04     ВАЛЮТЫН НӨӨЦ 5.2 ТЭРБУМ АМ.ДОЛЛАРТ ХҮРЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/04     УСНЫ САН БҮХИЙ ГАЗАРТ ТҮГЭЭМЭЛ ТАРХАЦТАЙ АШИГТ МАЛТМАЛЫН ТУСГАЙ ЗӨВШӨӨРӨЛ ОЛГОХЫГ ХОРИГЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/04     КУВЕЙТ ЗАМ, ТЭЭВЭР, ДЭД БҮТЦИЙН САЛБАРТ ИДЭВХТЭЙ ХАМТРАН АЖИЛЛАХАА ИЛЭРХИЙЛЭВ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/07/04     “ӨНДӨРХААН НИСЭХ БУУДАЛ” НЭЭЛТЭЭ ХИЙЛЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/04     П.САЙНЗОРИГ: МАНАЙ УЛСЫН ГАДААД ПАСПОРТ ХҮЧИРХЭГ БАЙДЛЫНХАА ЭРЭМБЭЭР 69 ДҮГЭЭР БАЙРТ ЖАГСАЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/04     Г.ЗАНДАНШАТАР: ХҮН ТӨВТЭЙ ХАНДЛАГА ТӨРИЙН АЛБАНЫ, ТӨРИЙН АЛБАН ХААГЧИЙН ҮНДСЭН ЗАРЧИМ БОЛОХ ЁСТОЙ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/07/03     УЛААНБААТАР-МОСКВА ЧИГЛЭЛИЙН ШУУД НИСЛЭГИЙГ ЭНЭ ОНЫ СҮҮЛЭЭР СЭРГЭЭНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/03     ИГАВАХАРА МАСАРҮ: ЯПОНЫ ЦОГ ЖАВХЛАНТ ЭЗЭН ХААН, ЭРХЭМ ДЭЭД ХАТНЫ АЙЛЧЛАЛ НЬ ХОЁР ОРНЫ ХАРИЛЦААНД ШИНЭ ХУУДСЫГ НЭЭХ АЛХАМ БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/03    

Events

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

NEWS

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U.S. returns China's Taobao shopping website to market blacklist www.reuters.com

 
The United States on Wednesday returned Taobao, China's most popular consumer-to-consumer shopping website, to its blacklist of "notorious marketplaces" known for the sale of counterfeit goods and violations of intellectual property rights.
 
The move by the U.S. Trade Representative's office against the online bazaar run by Alibaba Group Holding Ltd followed complaints from U.S. and international trade groups for apparel and luxury goods that Taobao was not doing enough to police sales of fakes and pirated products.
 
Inclusion on the blacklist does not carry any direct penalties but is a blow to Alibaba's efforts to shed perceptions its websites are riddled with fakes - a key to gaining a bigger international customer base and taking market share from global competitors such as eBay Inc and Amazon.com.
 
The company expressed disappointment with the move.
 
Taobao was put on the USTR blacklist in 2011 but removed in 2012 after it made efforts to address concerns of intellectual property rights holders and committed to cut the number of pirated and counterfeit goods on its website.
 
In unveiling its 2016 list, USTR acknowledged that Alibaba had taken steps to combat piracy, including addressing the misuse of brand keywords, blurred trademarks in product images and developing technology to prevent counterfeit sellers from reopening under new names.
 
USTR said, however, the current levels of reported counterfeiting and piracy were "unacceptably high," with such goods posing a "grave economic threat" to U.S. creative and innovative industries and posing public health threats in some cases.
 
"One large motor vehicle manufacturer reported that at least 95 percent of the merchandise bearing its company's brand names and trademarks found on Alibaba platforms is suspected to be counterfeit," USTR said.
 
Alibaba Group President Michael Evans said in a statement the company was "very disappointed" to be put back on the list as it was far more advanced in protecting intellectual property rights than it was four years ago. He added that the decision ignored Alibaba's work to remove more than twice the number of product listings this year than in 2015.
 
"We question whether the USTR acted based on the actual facts or was influenced by the current political climate," Evans said.
 
In Beijing, Chinese foreign ministry spokeswoman Hua Chunying said she did not know the details of the blacklisting, but that in principle China-U.S. trade and business relations should be mutually beneficial and win-win.
 
"If some specific problems arise, we hope that both sides can appropriately resolve them via friendly consultations," she told a daily news briefing.
 
Alibaba touts Taobao as China's largest online shopping destination by gross merchandise volume and among the top five websites in China and top 15 globally.
 
Alibaba shares fell 0.7 percent on the New York Stock Exchange to $89.25.
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Stop holding sleepovers in our stores, Ikea warns pranksters www.theguardian.com

Ikea has warned people not to try to sleep over in its stores when they close, saying they would be considered trespassers and would only end up getting into trouble with the law.

On Wednesday, the Swedish firm’s spokeswoman Johanna Iritz said the firm takes the matter seriously, adding: “we can’t guarantee safety”.

The trend reportedly started when two teenagers spent the night in an Ikea store in Belgium in August this year, then posted a video of their exploits online.

According to the Associated Press, Iritz said Ikea has recorded about 10 such incidents in the past year in the United States, Canada, Britain, Belgium, the Netherlands, Sweden, Japan, Australia and Poland. The agency said it was unclear whether anyone had been prosecuted.

In Chinese stores, sleepers are actually encouraged to try out Ikea furniture. Photograph: Kevin Frayer/Getty Images
In August, Florian Van Hecke and Bram Geirnaert hid in wardrobes in an Ikea store in Belgium – coming out once it had closed. They filmed themselves using the display furniture overnight and finally left the store without being caught. Their video on YouTube was subsequently viewed more than 1.7m times.

The latest incident involved two 14-year-old girls trying to stay over in an Ikea branch in Jönköping, Sweden, last weekend. According to local media, the firm did not report the incident because of the girls’ age.

“Instead, we have spoken with their parents … to resolve the situation. We hope that this trend will slow. We do not see what it is fun about it,” an Ikea spokesman told Aftonbladet.

Speaking on Wednesday, Iritz reiterated that the fun associated with sleeping over in an Ikea store after closing time was “overrated”.

Her statement comes two years after Ikea invited people to stay over in one of its Australian stores as part of a joint publicity stunt with Airbnb. Ikea listed one of its Sydney stores on the homesharing website.

At that time, the firm said the opportunity promised “guests a truly unusual experience, where the Ikea bedroom displays will be transformed into a quirky accommodation option”.

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Carl Icahn to advise Trump on regulatory reform www.bbc.com

 
Billionaire investor Carl Icahn is to advise Donald Trump on regulatory reform.
Mr Trump's transition team said Mr Icahn was "one of President-elect Trump's earliest supporters".
His "help on the strangling regulations that our country is faced with will be invaluable," Mr Trump said.
The US president-elect has been criticised for placing a preponderance of billionaires and millionaires in positions of power.
Mr Icahn said: "I am proud to serve President-elect Trump as a special advisor on regulatory reform."
He said that US business owners have been "crippled by over $1tn in new regulations".
He added: "It's time to break free of excessive regulation and let our entrepreneurs do what they do best: create jobs and support communities."
Mr Icahn will not be a federal employee. He will help choose the next chairman of the Securities and Exchange Commission.
Critics have said that Mr Trump's cabinet, which contains a number of billionaires and millionaires, may have different policy priorities on, for example, the minimum wage than the average US citizen.
Drew Courtney of liberal pressure group People for the American Way said:
"Trump is, again, filling the swamp with alligators. Billionaire Icahn knows how to look out for his bottom line, not American workers.
"He's yet another Trump appointee who seeks to profit on the backs of working families."
Defence costs
On Wednesday Mr Trump also had a meeting with Dennis Muilenburg, the chief executive of Boeing, and Marillyn Hewson of Lockheed Martin to talk about the defence firms' charges for US government projects.
"Trying to get the costs down, costs. Primarily the [Lockheed Martin] F-35, we're trying to get the cost down. It's a programme that's very, very expensive," Mr Trump said after the meeting at his Mar-a-Lago resort in Palm Beach, Florida.
Since winning the 8 November election, Mr Trump has complained about the companies about projects he said are too expensive, sending defence shares down.
After the meeting, Mr Muilenburg said: "We work on Air Force One because it's important to our country, and we're going to make sure that he [Mr Trump] gets the best capability, and that it's done affordably."
At the beginning of December Mr Trump tweeted that he wanted to cut costs by cancelling the order for new planes to carry the American president, saying Air Force One cost more than $4bn.
A White House spokesman cast doubt on that figure.
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Emir of Kuwait pledged to help Mongolia in times of economic decline www.montsame.mn

Ulaanbaatar /MONTSAME/ On the second day of his official visit to Kuwait, Speaker M.Enkhbold paid a courtesy call on His Highness the Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. The Speaker of Mongolian Parliament conveyed the greetings of the President of Mongolia to His Highness the Emir and extended heartfelt gratitude for the consistent support for Mongolia in difficult times.

He recalled that Kuwait has rendered financial assistance of USD 500.0 thousand during dzud of 2000-2001 winter and aid for eliminating the damages caused by last summer’s flood in Bayan-Olgii.

The Speaker also underlined that, while noting the bilateral political and economic relations has been progressing rapidly within the last couple decades, the people of Mongolia are always grateful for the developments constructed on the financing of Kuwait, such as the road constructions and the project on Taishir’s Hydropower Plant. “The research center, initiated by Your Highness has been operating in Ulaanbaatar with success and is conducting the feasibility study for expansion project of Undurkhaan Airport”, added Mr Enkhbold.

As Your Highness is well acquainted with Mongolia, he said, we have sea of cooperation opportunities in mining, agriculture, tourism, construction and infrastructure.

Chairman of the SGK M.Enkhbold added that the new cabinet has been working for attracting more foreign investment, protecting investors’ interests and sophisticating the legal and business grounds for promoting international investments to Mongolia.

In turn, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah said “We always appreciate Mongolia’s support for Kuwait in times of Iraq war. Please make Yourself at home. Although the weather has been stern for the recent days in our country, I believe this is nothing for Mongolians. Please convey my gratitude along with my greetings to the President of Mongolia”.

Expressing his hope that the issues of loan and financial assistance by the Kuwiat Fund would be settled with positive results, the Emir noted that Kuwait itself has been facing some economic decline in regard to the fall of oil price. “Nevertheless, our side will be willing to give a helping hand to our Mongolian friends”, he went on. His Highness the Emir said that he recognizes the Speaker’s visit to his country of great importance as it is crucial to strengthen cooperation and friendship between the peoples and the legislative bodies.

At the end this meeting, His Highness the Emir wished prosperity to the growth of Mongolia and wellbeing and happiness to the people.

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After meeting with Trump, Boeing CEO says Air Force One will cost less than $4 billion www.businessinsider.com

 

WASHINGTON, DC — US President-elect Donald Trump on Wednesday met the CEOs of defense contracting giants Boeing and Lockheed Martin, whose programs he has criticized in recent weeks.

Boeing CEO Dennis Muilenburg — whose company is under contract with the US Air Force to develop and manufacture the next presidential aircraft fleet — said the price will be less than a near-$4 billion estimate.

"We're going to get it done for less than that, and we're committed to working together to make sure that happens," Muilenburg said after meeting at Trump's Mar-a-Lago resort in Palm Beach, Florida.

"I was able to give the president-elect my personal commitment on behalf of the Boeing Company. This is a business that's important to us. We work on Air Force One because it's important to our country and we're going to make sure that he gets the best capability and that it's done affordably."

Trump described the cost for Boeing's Air Force contract to develop the next presidential fleet as "out of control" in a December 6 tweet.

"The $4 billion is a theoretical estimate of the life of the program, which is approximately 30 years," a Department of Defense spokesman told Business Insider.

Considering the US Air Force contract with Boeing is in very early stages, it is entirely possible for that figure to be adjusted, the spokesman added.

Trump also met with Lockheed Martin CEO Marillyn Hewson on Wednesday.

On December 12, Trump said the cost for Lockheed Martin's fifth-generation stealth F-35 Lightning II jet was also "out of control."

The message sent Lockheed Martin's stock down from $251 at the opening bell to $245.50, before it rebounded to a little more than $253 a share.

"We're trying to get costs down ... primarily the F-35, we're trying to get the cost down. It's a program that is very, very expensive," Trump said after meeting with several generals and admirals on Wednesday.

Trump said the negotiations with Lockheed Martin were "just beginning" and described it as "a little bit of a dance."

The F-35, valued at an acquisition cost of $379 billion, has become one of the most challenged programs in the history of the Department of Defense. It has experienced setbacks that include faulty ejection seats, software delays, and helmet-display issues.

"This program is not out of control," Lt. Gen. Chris Bogdan, head of the F-35 Joint Program Office, said during a December 19 briefing with reporters, just days after Trump tweeted criticism of the program.

"If given the opportunity I would like to try and explain to the new administration that this is a vastly different program from 2011," Bogdan said. "I'll just lay the facts out on the table and I'll let them make their own judgments because I don't think the program cost wise is out of control nor do I think that it's out of control schedule wise."

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Mongolia Vows No More Dalai Lama Visits After China Turns Screws www.bloombergtv.mn

Mongolia’s government pledged to extend no more invitations to the Dalai Lama after China signaled that a trip last month by the exiled Tibetan spiritual leader could derail ties.

“The Dalai Lama’s visit by the invitation of Gandan Monastery negatively affected two countries and these two countries have a misunderstanding,” Mongolian Foreign Minister Munkh-Orgil Tsend told the Onoodor newspaper Wednesday. “The government feels sorry for this,’’ he said, adding that the Dalai Lama “probably won’t be visiting Mongolia again during this administration.’’

The Mongolian foreign ministry declined to provide further information when asked about the minister’s comments.

China called off talks with Mongolian senior officials after the Dalai Lama’s four-day visit to Ulaanbaatar beginning Nov. 18. Mongolia has been seeking soft loans from sources including China and the International Monetary Fund as it struggles with a $1 billion budget gap and looming debt repayments.

A traditionally Buddhist nation that has deep historical ties to Tibet, Mongolia has hosted the current Dalai several times since 1979. Past visits have been met with reprisals from Beijing, which considers the Dalai Lama to be a separatist leader and routinely condemns nations that give him a platform to speak.

Chinese Ministry of Foreign Affairs spokeswoman Hua Chunying said at a regular news briefing Wednesday in Beijing that China “attaches great importance to the explicit statement made by the Mongolian foreign minister.”

“China’s stand on Tibet-related issues is firm and clear,” Hua said. “We hope that Mongolia will truly learn lessons from this incident, truly respect the core interests of China, honor its promise and make efforts to improve the relations between China and Mongolia.”

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China-Russia trade to expand despite world economic slowdown: Chinese ambassador www.chinadaily.com.cn

 
MOSCOW - China has been Russia's top trading partner for six successive years, and bilateral cooperation is set to further grow despite slowing global growth, Chinese Ambassador to Russia Li Hui has said.
 
Russia was one of China's main suppliers of energy, and electro-mechanical and high-tech products, and even the continuing decline in world commodity prices did not prevent the stable improvement of bilateral cooperation, Li said in a recent interview with the Interfax news agency.
 
The pairing of the China-proposed Belt and Road Initiative with the Russia-led Eurasian Economic Union, agreed between leaders of both nations in 2015, would create favorable conditions for their over-all cooperation in various sectors, he said.
 
The Belt and Road Initiative comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road and aspires to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient Silk Road routes. The EEU groups Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.
 
According to Li, China's direct investment in Russia has already exceeded $10 billion, and the two countries have planned 66 priority projects for a total of 90 billion dollars.
 
Cooperation is developing in such sectors as nuclear energy, electric power, chemical industry, agriculture, mining, among others, he added.
 
The ambassador hoped that China and Russia would develop new forms of trade and find new ways of growth.
 
The energy sector has been one of the priorities for the two countries.
 
In 2016, the construction of the Eastern Route pipeline proceeded smoothly, and it is expected to start supplies to China in 2018, providing the country with 38 billion cubic meters of natural gas a year, Li said.
 
Relevant parties have also been actively engaged in consultations on the construction of the Western Route pipeline, which may double gas supplies to China in the future, and a number of other large objects, said the ambassador.
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Honda, Google tie up to develop self-driving car www3.nhk.or.jp

 
Japanese auto firm Honda says it is planning to conduct a joint study with a US affiliate of IT giant Google to develop self-driving car technology.
 
Honda plans to equip its products with sensors and software developed by Waymo and conduct test-runs on highways in the United States.
 
Honda has been developing the technology almost entirely on its own. It wants to take the lead in global competition by linking up with Google, which has advanced IT technology.
 
Google has already been cooperating with Fiat Chrysler Automobiles. Tie-ups with auto companies would give Google potential dominance in the area of self-driving software.
 
The tie-up is likely to accelerate competition with Toyota, Nissan, and other firms in the development of self-driving car technology.
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Uber halts California self-driving cars test www.bbc.com

 
Ride-sharing firm Uber has suspended its test of self-driving cars in San Francisco after regulators revoked the registration of the vehicles.
Authorities had threatened legal action if Uber did not obtain a special permit to test the cars.
Passengers had recently been given the option of a booking a self-driving vehicle..
But because they came with a safety driver and were not fully autonomous, Uber argued it did not need the permit.
"We're now looking at where we can redeploy these cars, but remain 100% committed to California and will be redoubling our efforts to develop workable statewide rules," Uber said.
San Francisco is Uber's second trial city for the new technology. In Pittsburgh, the company has been running its driverless trial since September and has not required special permits.
Although the cars are promoted as "self-driving", they must constantly be monitored by an actual driver who can take control any time the software should fail.
Uber says its technology is not sophisticated enough to have cars continuously drive by themselves - and therefore the permit demanded in San Francisco is not needed.
The trials are designed for the firm to identify flaws and glitches in the technology behind the autonomous driving.
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Nokia sues Apple for infringing patents, industry back on war footing www.reuters.com

 
Nokia Corp (NOKIA.HE) said on Wednesday it had filed a number of lawsuits against Apple Inc (AAPL.O) for violating 32 technology patents, striking back at the iPhone maker's legal action targeting the one-time cellphone industry leader a day earlier.
 
Nokia's lawsuits, filed in courts in Dusseldorf, Mannheim and Munich, Germany, and the U.S. District Court for the Eastern District of Texas, cover patents for displays, user interfaces, software, antennas, chipsets and video coding.
 
"Since agreeing a license covering some patents from the Nokia Technologies portfolio in 2011, Apple has declined subsequent offers made by Nokia to license other of its patented inventions which are used by many of Apple's products," Nokia said in a statement.
 
Apple on Tuesday had taken legal action against Acacia Research Corp (ACTG.O) and Conversant Intellectual Property Management Inc [GEGGIM.UL], accusing them of colluding with Nokia to extract and extort exorbitant revenues unfairly from Apple.
 
"We’ve always been willing to pay a fair price to secure the rights of patents covering technology in our products," said Apple spokesman Josh Rosenstock. "Unfortunately, Nokia has refused to license their patents on a fair basis and is now using the tactics of a patent troll to attempt to extort money from Apple by applying a royalty rate to Apple’s own inventions they had nothing to do with."
 
Acacia and Conversant did not immediately respond to requests for comment, and Nokia was not immediately available to comment on the Apple lawsuit.
 
The legal action by Nokia and Apple appear to mark a revival of the "smartphone patent wars" that began five years ago, when Apple filed a series of patent infringement cases against Samsung Electronics (005930.KS) around the world, with wins and losses on both sides.
 
Apple's lawsuit against Acacia, Conversant and Nokia was filed only one day after Ottawa-based Conversant named Boris Teksler as its new chief executive. He had worked as Apple's director of patent licensing and strategy from 2009 to 2013, the latter half of his tenure overlapping with the lawsuits against Samsung.
 
Acacia is a publicly traded patent licensing firm based in Newport Beach, California. One of its subsidiaries sued Apple for patent infringement and was awarded $22 million by a Texas jury in September.
 
Similarly, Conversant, which claims to own thousands of patents, announced last week that a Silicon Valley jury had awarded one of its units a $7.3 million settlement in an infringement case against Apple involving two smartphone patents.
 
Nokia, once the world's dominant cellphone maker, missed out on the transition to smartphones triggered by Apple's introduction of the iPhone in 2007.
 
The Finnish company sold its handset business to Microsoft Corp (MSFT.O) two years ago, leaving it with its telecom network equipment business and a bulging portfolio of mobile equipment patents.
 
But this year, Microsoft sold its Nokia-feature phone business to a new company called HMD Global.
 
Nokia agreed to a 10-year licensing deal with HMD, which continues to market low-cost Nokia phones and plans to introduce new Nokia smartphone models next year.
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