Organic light-emitting diode TVs use next-generation panels containing organic compounds that produce their own light. Not only do the TVs produce clearer colors than liquid crystal display varieties, they also boast higher image refresh rates.

But OLED TV panels are difficult to mass-produce, with a limited number of suppliers. Last year only 335,000 of the TVs hit the market worldwide. More than 90% were produced by South Korea's LG Group.

Panasonic will combine panels procured from LG with its own image-processing technology, including image processors developed in-house. Scenes will be more crisp and detailed than conventional OLED TVs owing to the deeper blacks, the company said. To accomplish that, Panasonic is leveraging the expertise it built up with plasma TVs.

The Japanese launch of 55-inch and 65-inch TVs is slated for April at the soonest, followed by Southeast Asia and Latin America. At Japanese volume retailers, LG Electronics Japan's newest 55-inch OLED TV sells for roughly 470,000 yen ($4,500) and the 65-inch model costs around 900,000 yen.

Panasonic's 55-inch TV will likely be priced at about 500,000 yen. The Japanese manufacturer plans to justify the premium over the South Korean rival by playing up advantages like better picture quality.

Panasonic rolled out a 65-inch model in Europe last October with a sticker price of 9,999 euros ($11,160). The company will gradually add new markets while incorporating OLED TVs as a core product category along with LCD sets.

Panasonic's TV business posted its first profit in eight years for the fiscal year ended in March. Before then, massive red ink led the company to pull out from North America and China, among other structural reforms. Panasonic is aiming to sell some 6.4 million units worldwide this fiscal year, which is still 60% below the fiscal 2010 peak. The company is currently revolving its television business around 4K LCD models, with commercialization of higher-definition 8K TVs also in sight.

The park made the announcement on the Chinese micro-blogging site Weibo
The bridge can accommodate 8,000 visitors a day but the spokesman told CNN that 10 times as many people wanted access daily.
Officials at the park announced the closure in a post on the Chinese micro-blogging site, Weibo.
They did not mention visitor numbers but said the government urgently needed to upgrade the area.
The post said that tour groups who had planned to see the bridge over the weekend might have "discretionary admission".
In response to the announcement, one social media user wrote: "I have booked everything and now you are saying you are closed... Are you kidding me?"

“We have experienced hacking attempts every day for three weeks. It happens all the time and is very annoying,” Niggli said.

WADA has a “pretty good suspicion” that Russians are responsible, Niggli said, adding that the hackers involved are “well known to Western authorities.”

But Russia’s targeting of WADA extends beyond hacking.

“Russia is threatening us and our informers” he said. The attacks include bugging homes and stealing personal property.

According to Niggli, constructive relations with Russian authorities can only be achieved once Russia “stops seeing us as an enemy and recognizes it has a problem which needs to be solved jointly.”

Russian whistleblower Yulia Stepanova, whose testimony to WADA was a key element of its report into Russian doping, said in August that she feared for her life after WADA announced hackers had broken into her personal WADA online account.

Stepanova, in hiding with her family in the United States, claimed the hack was was motivated by a desire to discover her exact location. She has subsequently changed locations, she told journalists during a conference call. “If something happens to us then you should know it is not an accident.”

Over 100 Russian athletes were banned from competing at this summer’s Olympic Games following WADA's investigations into state-sponsored doping throughout Russian sport.

G20 leaders are preparing to meet this weekend in Hangzhou, the city where Ma founded his e-commerce giant in 1999. Trade -- and globalization -- are likely to be major topics of discussion.
For his part, the 52-year-old Ma believes that globalization hasn't gone far enough. He said international trade must now be improved so that more people can enjoy its benefits.
Ma is hoping to pitch G20 leaders on an electronic world trade platform, or e-WTP, that would help small businesses expand their customer base globally, the way multinational corporations have been able to. It would also help eliminate tariffs, inspections and other red tape that can trip up mom and pop shops.
"We need solutions for young people to leverage the technology we have, so they can buy anywhere, sell anywhere, trade anywhere," he said. "If you want to get involved, just join."

The first G20 summit was held in 2008. The annual confab of the world's 20 largest economies has a mixed record on producing meaningful policy results, but Ma said the summit is a "great opportunity" for politicians to listen to business leaders.
"Every government says they love small businesses but what have they done for them?" Ma asked. "We should pull down all the barriers."

The SDR is a reserve currency administered by the International Monetary Fund. The value of SDRs is based on the US dollar, the euro, the pound, the yen and, starting next month, China's yuan.

The bonds' total value is to be 500 million SDRs, or nearly 700 million dollars. They are to be traded in yuan on the Chinese interbank market.

A group jointly set up by financial institutions in China and foreign banks including Japan's Tokyo-Mitsubishi UFJ, is to handle the bonds.
By issuing the bonds, the World Bank hopes to offer more means to secure funds, and urge China to integrate into the global financial system.

An NHK reporter says China is keen to show its willingness to work toward financial reform, as the country is to host its first G20 summit next Sunday in Hangzhou.

“From the viewpoint of economic sense and logic, then it would be correct to find some sort of compromise. I am confident that everyone understands that. We believe that this is the right decision for world energy,” Putin said in the interview.

Talks on a production freeze between Russia and OPEC collapsed in April, after Saudi Arabia demanded that their economic and political rival Iran be part of the deal. However, Russia is still seeing the production cap as possible.

“I would very much like to hope that every participant of this market that’s interested in maintaining stable and fair global energy prices will in the end make the necessary decision,” said Putin. Prince bin Salman “is a very reliable partner with whom you can reach agreements, and can be certain that those agreements will be honored,” he added.

Putin is meeting Saudi Deputy Crown Prince Mohammed bin Salman at the G20 summit in China next week.

“Our Saudi partners at the last moment changed their view. We didn’t reject the idea of freezing output. Our position hasn’t changed,” said the Russian President.

According to Putin, Iran has a right to return its oil market share after the sanctions against its energy sector were lifted.

“Iran is starting from a very low position, connected with the well-known sanctions in relation to this country. It would be unfair to leave it on this sanctioned level,” he said.

In April, Tehran categorically refused to cut production, aiming to return to its pre-sanction output level of 4 million barrels per day. Recent data from Iran has shown the Islamic Republic is approaching the goal, and has softened its stance on the possible output freeze deal with Russia and Saudi Arabia.

Analysts from Commerzbank and Citi have warned that the output cap rather than a production cut wouldn’t make any significant difference to the market suffering from oversupply. Saudi Energy Minister Khalid Al-Falih said last week the freeze would be "positive", but no “intervention of significance” is needed, as the market is rebalancing by itself.

While the era of low oil prices continues, Russia is still heavily dependent on crude exports. Moscow has been trying to diversify the economy by putting more effort into agriculture and other non-energy sectors.

On Friday, Brent crude was trading at $45.71 per barrel while US benchmark WTI was at $43.36.

The event aims to support the trilateral trade partnership, humanitarian exchange, cultural tourism and cross-border regional economic cooperation. Along with the official high-level meeting, side events and conferences will be held on the cross-border logistics, electronic trades, tourism, culture and education and cooperation in banking finance innovation.

In the economic forum, Mongolia will be represented by delegates from some 40 companies, while 270 entities are taking part I the exhibition. The previous year’s theme was “Promoting Silk Road Economy and Establishing Economic Corridor”.

Russia and China are the main trade partners for Mongolia. The country has made exports worth USD 2.5 billion, of which 1.2 percent went to Russia and 85 percent to China, as of the end of July. As of the imports (USD 1.8 billion), Mongolia imported 24.5 percent from Russia and 33 percent from China, according to the National Statistics Office.