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

Singapore Airlines drops Airbus A380 plane www.bbc.com
Singapore Airlines has decided not to keep the first A380 it leased, delivering a fresh setback for Airbus' super-jumbo plane.
Singapore Airlines was the launch customer for the two-deck jet in 2007.
The airline has decided not to renew the A380 plane when the ten-year contract expires next year.
The news comes after Airbus more than halved its delivery target for the A380, raising fears it could slip back to making a loss from the aircraft.
A Singapore Airlines spokesperson said: "Our first five A380s are on 10-year leases, with options to extend. The first expires in October 2017, and we have decided not to extend it.
"For the other four, decisions will be made later."
But they added the airline had orders for five separate A380s with Airbus, which will start being delivered in the second half of 2017.
The A380 only began breaking even for Airbus last year.
In July, Airbus said it would still avoid losing money on the jet in 2017 with as few as 20 deliveries, but gave no further guidance.
Analysts says that big aircraft like the A380 and Boeing's 747 series have fallen out of favour.
Smaller jets can be more profitable as they are easier to fill and are cheaper to operate, analysts say.

Mongolia-Czech Business Forum continues in Ulaanbaatar www.en.montsame.mn

iPhone optimism blasts Apple stock to 2016 high www.reuters.com

Endeavour to buy Mexican exploration properties from Silver Standard www. mining.com

Aeroflot Privatization Delayed to 2020 www.themoscowtimes.com
Russia's flagship national airline, Aeroflot, will be excluded from the government's privatization plans until at least 2020.
“The company should remain under the state's supervision,” said Oksana Tarasenko, the Economic Development Ministry's director of Corporate Governance, in an interview with Bloomberg published on Wednesday.
The Russian government currently holds a 51.17 percent share in the company.
The Ministry of Transport has repeatedly discouraged plans to sell an additional 25 percent of the state's share in Aeroflot, citing significant risks to the commercial airline industry. Some officials claim that without government support, the company could go the way of Transaero: a large Russian private airline that declared bankruptcy last year.

President of Mongolia is to pay an official visit to the Republic of Cuba www.gogo.mn
President of Mongolia is to pay an official visit to the Republic of Cuba on September 15-18 and is to attend the 71st session of the United Nations General Assembly in New York on September 19-24.
President Ts.Elbegdorj is to give a speech, expressing Mongolia’s position on the global issues. He will be visiting Philadelphia, USA, on September 23.

European Commission plans free wi-fi in public spaces www.bbc.com
The European Commission wants free wi-fi to be provided in public spaces across its member states within four years.
The goal was announced by the president of the European Union's executive body, Jean-Claude Juncker, in his annual state of the union address.
He also wants at least one city in each EU country to have deployed a 5G mobile network by 2020.
However, one expert cast doubt over whether the public would benefit.
European officials have struggled to deliver an earlier promise to abolish mobile roaming fees.
Mr Juncker said digital technologies were "permeating every aspect of life", so everyone should be able to get online.
"Everyone benefiting from connectivity means that it should not matter where you live or how much you earn," he said.
"So, we propose today to equip every European village and every city with free wireless internet access around the main centres of public life by 2020."
A factsheet for his Wifi4EU plan states that it applies to parks, squares, libraries and public buildings.
However, it makes clear that the commission plans to spend a maximum of €120m (£102m) to install the necessary equipment, and that local bodies will have to cover subscription costs, maintenance and other expenses.
Mark Newman, chief analyst at the telecoms consultancy ConnectivityX, said: "€120m doesn't sound like a huge amount of investment.
"In many towns and cities, people can already find free wi-fi on the High Street.
"I would question whether frugal councils will really see it as a priority to deliver free wi-fi in all their buildings and squares."
Mr Newman said the 5G pledge was also less impressive than it sounded.
"The 5G standard itself won't be ready until 2018," he said.
"And I can't see any spectrum licences being allocated until the next year or the one after that.
"So, the only deployment in 2020 would be in highly targeted areas - something like a shopping precinct or Trafalgar Square.
Additional goals set for 2025 included:
minimum download speed of 100Mbps for all European households
minimum download and upload speeds of 1GBps for all hospitals, administrations and other public services reliant on digital technologies
uninterrupted 5G access for all major roads and railways
The EU's digital economy commissioner backed his president, suggesting the targets would help focus minds.
"Europe has the ambition to lead on the deployment of 5G," said Gunther Oettinger.
"It is time to move to a gigabit society and make sure all Europeans, whether in the countryside or the cities, can get access to a quality internet connection."
Roaming row
The European Commission has faced criticism of its handling of a promise to stop its citizens being charged roaming fees when using their handsets in a different European country to their own.
The executive first proposed the idea in 2013.
Its intention was to prevent people living in one country buying a plan from another to cover their day-to-day use.
But the move caused a backlash, and last week Mr Juncker called for the scheme to be rethought.
"The draft was not technically wrong," Mr Juncker said in his state of the union address.
"But it missed the point of what was promised.
"And you will see a new, better draft as of next week.
"When you roam, it should be like at home."

Global upstream oil and gas spending to fall 24% in 2016 -- IEA www.asia.nikkei.com

Russia prepares for gas divorce from Europe www.rt.com

Renesas to buy Intersil for $3.2 bil. www3.nhk.or.jp
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