1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

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

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Lenovo to boost investment in startups targeting AR, VR www.chinadaily.com.cn

Lenovo Group Ltd will step up efforts to fund startups engaging in augmented reality (AR) and virtual reality (VR), as the world's largest personal computer maker scrambles to tap into the two cutting-edge technologies for future growth.
 
Yang Ying, general manager of Lenovo Accelerator, said AR and VR will be the next computing platforms that can replace computers and smartphones. "They will have wide applications not only in daily life but in industrial scenarios."
 
Yang made the comments at an AR competition which invited global talents to develop mobile applications based on the company's first AR-powered smartphone Phab2 Pro.
 
The competition, named Tango Hackathon, is part of Lenovo's broad plan to nurture AR mobile apps and services, the key bottlenecks for the development of the nascent industry. According to Yang, Lenovo is also working on a new AR smartphone, which will be unveiled next year.
 
AR-powered tablets and AR glasses are also in the pipeline.
 
During the Tango Hachathon, Chinese startup Dajiaoguai, which means Big Footprint in English, brought home the first prize, with one-million-yuan fund from Lenovo's investment unit.
 
The startup developed a mobile app that can scan the body and feet of a person and quickly generate a model that can try on clothes and shoes in the virtual world.
 
In May, Lenovo set up a $500 million investment fund, looking for promising startups in China, Israel and the United States, with focus on cloud computing, artificial intelligence, AR, VR and other areas which can support Lenovo's core business.
 
Currently, Chinese tech giants Huawei Technologies Co Ltd, Alibaba Group Holding Ltd and Tencent Holdings Ltd are all marching into the AR and VR sector.
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China producer prices rise for first time in nearly five years, may ease debt woes www.reuters.com

China's producer prices unexpectedly rose in September for the first time in nearly five years thanks to higher commodity prices, welcome news for the government as it struggles to whittle down a growing mountain of corporate debt.
 
Official inflation data on Friday also showed a pickup in consumer prices, helping to ease investors' concerns about the health of the world's second-largest economy after disappointing trade numbers on Thursday rattled global markets.
 
Corporate China sits on $18 trillion in debt, equivalent to about 169 percent of gross domestic product (GDP), according to the most recent figures from the Bank for International Settlements. Most of it is held by state-owned companies.
 
"An uptick in inflation, if sustained, would be good news for China's ability to service its overhang of corporate debt," Bill Adams, senior international economist at PNC Financial Service Group, said in a note.
 
"With low interest rates keeping debt service costs in check and producer prices rising, the outlook for Chinese industrial profits is improving."
 
The producer price index (PPI) rose 0.1 percent in September from a year earlier, the National Bureau of Statistics said.
 
While the gain was slight, it was the first time producer prices have expanded on an annual basis since January 2012, and came a bit earlier than the year-end timeframe that some analysts had expected. Producer prices had edged up on month-on-month basis over the summer.
 
Analysts polled by Reuters had predicted a decline of just 0.3 percent on-year, after a drop of 0.8 percent in August.
 
China's factory prices have been falling since March 2012, and more than four years of producer price deflation have squeezed industrial companies' cash flow.
 
Profits at roughly a quarter of Chinese companies were too low in the first half of this year to cover their debt servicing obligations, as earnings languish and loan burdens increase. according to a recent Reuters analysis.
 
However, a construction boom, fueled by a government infrastructure spending spree and a housing rally, have helped boost prices for building materials from steel to copper in recent months, while coal prices have jumped as the government tries to shut excess mining capacity.
 
Prices of ferrous metals, non-ferrous metals and coal mining together rose 4.1 percent on-year, a key factor in the PPI turning positive, the statistics bureau said.
 
The number of industries registering price increases also rose to 25, eight more than the previous month, indicating that a recovery in Chinese companies' pricing power was becoming more broad-based.
 
"Debt pressure will certainly be reduced," said Zhou Hao, analyst at Commerzbank AG in Singapore. But he cautioned that China's mounting debt is also a structural problem, and that higher prices for commodities such as coal and steel may be "speculative" in nature.
 
China woos foreign participants in debt-cutting effort: state planner official
Consumer price inflation also quickened more than expected to 1.9 percent in September year-on-year, mainly due to higher food prices. Food prices were up 3.2 percent in September on-year, compared with 1.3 percent in August.
 
Analysts had expected the consumer price index (CPI) to rise 1.6 percent from 1.3 percent in August, a 10-month low.
 
"A rebound in CPI growth is largely due to seasonal factors, and the overall growth trend is quite stable. It also dismissed previous concerns of deflation risks," said Zhang Yongjun, analyst at the China International Centre For Economic & Technical Exchanges.
 
The end of deflation is likely to dash any lingering expectations of further cuts in Chinese interest rates or banks' reserve ratios, economists at ANZ said.
 
The odds of such moves by the People's Bank of China (PBOC) had already been seen as rapidly receding due to growing concerns in the government about rapidly rising debt levels and potential asset bubbles.
 
"However, we do not expect the PBoC to tighten liquidity soon either," ANZ said in a note. "The PBoC should be balancing the yuan exchange rate, deleveraging, and the concerns around a slowing economy."
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IBM, Google, others to unveil new open interface to take on Intel www.reuters.com

Technology giants IBM Corp, Google and seven others have joined hands to launch an open specification that can boost datacenter server performance by up to ten times, to take on Intel Corp.
 
The new standard, called Open Coherent Accelerator Processor Interface (OpenCAPI), is an open forum to provide a high bandwidth, low latency open interface design specification.
 
The open interface will help corporate and cloud data centers to speed up big data, machine learning, analytics and other emerging workloads.
 
The consortium plans to make the OpenCAPI specification available to the public before the end of the year and expects servers and related products based on the new standard in the second half of 2017, it said in a statement.
 
Intel, the world's largest chipmaker, is known to protect its server technologies and has chosen to sit out of the new consortium. In the past also, it had stayed away from prominent open standards technology groups such as CCIX and Gen-Z.
 
"As artificial intelligence, machine learning and advanced analytics become the price of doing business in today's digital era, huge volumes of data are now the norm," Doug Balog, general manager for IBM Power, told Reuters.
 
"It's clear that today's datacenters can no longer rely on one company alone to drive innovation," Balog said.
 
Advanced Micro Devices Inc, Dell EMC, Hewlett Packard Enterprise Co, Mellanox Technologies Ltd, Micron Technology Inc, NVIDIA Corp and Xilinx Inc are also members of the OpenCAPI consortium.
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Apple CEO commends China app contest winner www.xinhuanet.com

HANGZHOU, Oct. 13 (Xinhua) -- Apple CEO Tim Cook has praised the champions of a Chinese university app contest, calling their designs "impressive and innovative."
 
Through his Twitter-like Sina Weibo account, Cook said on Wednesday that "entrants submitted many impressive, innovative ideas" at the contest, organized by Apple and Tsinghua University.
 
The China Collegiate Computing Contest received 361 app designs and projects submitted by students from 161 universities and colleges over a period of six months.
 
Cook congratulated the Zhejiang University team for their app Tipix, which won the top prize in the university app category.
 
Tipix is a photo-editing app. Users can choose brush or move their fingers on smart phones to turn their photo into artwork and share it on social media.
 
The app was invented by five students from Zhejiang University in 2013. Team leader Zhang Lekai, a PHD of digital art, said he hoped the app would help inspire creativity.
 
Cook watched the live demonstration of the four finalists on Wednesday. The outstanding winner -- the Tipix app -- will now take part in Apple's annual Worldwide Developers Conference next year.
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Mongolian, Japanese companies sign cooperation documents www.en.montsame.mn

Ulaanbaatar /MONTSAME/ During the official visit of the Prime Minister, Mr J.Erdenebat to Japan, Trade and Investment Forum was held, attracting representatives of over 50 Mongolia and 240 Japanese companies. In the margin, the investors and companies signed cooperation documents.
 
Namely, Energy Resource LLC and Sumitomo established a Memorandum of Understanding on cooperation in sales and marketing of coal, Tsagaan Chuluut Consortium and Suzuki Shoukai signed a Cooperation MoU, and Dry Milk LLC and Pirsai Company signed an agreement on certified distribution.
 
The Prime Minister has given an interview to Nikkei and met with the leaders of Japan-Mongolia friendship societies.
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Softbank to set up technology investment fund www3.nhk.or.jp

Japanese telecom operator Softbank Group says it will set up a fund to invest in the global technology sector, and a Saudi Arabian sovereign wealth fund will be the leading investment partner.
 
Softbank says it plans to invest at least 25 billion dollars over the next 5 years in the Softbank Vision Fund, which will be managed by a subsidiary in Britain.
 
It says Saudi Arabia's Public Investment Fund has agreed to put in at least 45 billion dollars over the next 5 years.
 
Softbank says several global investors are in ongoing talks about possible participation. It says the fund has a potential size of 100 billion dollars.
 
Softbank Group's chairman and CEO, Masayoshi Son, says the fund will be the biggest investor in the technology sector over the next decade.
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HP cuts up to 4,000 jobs worldwide www.bbc.com

US computer company HP Inc has said it expects to cut 3,000 to 4,000 jobs over the next three years.
The hardware business of the former Hewlett-Packard announced the plans as part of a larger restructuring effort.
It is hoped the cuts will generate some $200m (£163m) to $300m in annual savings for the firm, but they are expected to cost up to $500m in charges.
HP also issued a lower-than-expected earnings guidance for next year.
The company said it expected adjusted profit for the fiscal year 2017 to be between $1.55 and $1.65 per share.
Hewlett-Packard split into two businesses last year: HP Inc, which focuses on printers and computers; and Hewlett Packard Enterprise, which sold its software business to focus on data storage.
"I'm proud of the progress we have made in our first year as the new HP. Our focus is clear, our execution is solid, and we are positioned well for the next step in our journey," Dion Weisler, the company's president, said in a statement.
The job cuts come as sales of personal computers around the world continue to decline.
Earlier this week, research company Gartner said PC shipments declined 5.7% in the third quarter of 2016 compared with a year earlier.
Hewlett-Packard has in the past seen profits hit by declining sales of personal computers and has already had tens of thousands of job cuts in recent years.
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Snapchat heads for IPO that could value 'mega unicorn' at $25bn www.theguardian.com

Snapchat is preparing for a “mega unicorn” flotation on the stock market that could value the five-year-old mobile app known for its disappearing photos at as much as $25bn.
 
The company behind the app, which its 26-year-old founder Evan Spiegel created at his Stanford University fraternity house in 2011, is said to have appointed Wall Street banks Morgan Stanley and Goldman Sachs to lead its initial public offering (IPO) on the New York stock exchange as early as March 2017.
 
If the Los Angeles-based firm goes ahead with the flotation it will be the biggest technology IPO for years, and could pave the way for other bigger tech firms to go public. There are a string of “mega unicorns” companies, defined as those valued at more than $10bn, looking to realise their founders’ and investors’ wealth by floating on the stock market. Among those waiting in the wings are Uber (which was last valued at $68bn) and Airbnb (worth $30bn at its last investment round).
 
The flotation of parent company Snap Inc, which was valued at $18bn at its last funding round, will be the largest social media IPO since Twitter floated in November 2013. Since then Twitter has suffered, with its shares falling from a high of $69 to $17.80 on Thursday. The 140-character messaging company has been struggling to find itself a buyer as it fails to build revenue and grow its user base.
 
A Snap flotation would turn Spiegel and co-founder Bobby Murphy into multi-billionaires. At a $25bn valuation the founders’ stakes in the company, which recently changed its name to Snap Inc as it moves away from chatting to photography, would be worth almost $4bn each.
 
It would vindicate Spiegel’s decision to reject a $3bn takeover by Facebook in 2013, when Snapchat had yet to make any revenue.
 
Since then Snapchat has grown its daily user base (of mostly teenagers and young adults) to 150m, and hopes to generate advertising revenue of more than $350m this year, a big increase on the $59m it earned last year as it further explores partnerships with brands including Burberry, Tiffany and KFC.
 
Analysts at eMarketer recently said the company could bring in advertising revenue of almost $1bn by 2017, as brands ditch traditional advertising models for new media that appeals to younger people. Just over 40% of Americans aged between 18-34 are Snapchat users.
 
The firm recently launched a new service, called Snap Audience Match, that lets marketers match consumers’ email addresses and phone numbers with Snapchat’s user data in order to deliver targeted ads. Snapchat also lets companies know if users often consume certain types of content, like sport or gaming, so they can direct ads to those groups of people. These developments have angered some users and privacy campaigners.
 
A spokeswoman for Snap refused to comment on the company’s IPO plans. The appointment of a suite of banks to prepare for an IPO, which also including Barclays, Credit Suisse, JP Morgan, Deutsche Bank and Allen & Co, was earlier reported by the Wall Street Journal and Bloomberg.
 
The company can file its IPO documents privately with the Securities and Exchange Commission because the company makes less than $1bn in revenue.
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Gold is going back to $1,050 says Wells Fargo analyst www.mining.com

Gold and commodities entered a drawn out bear market five years ago and there are many more years of pain to go, says John LaForge with Wells Fargo.
 
"The reality is gold is a commodity and commodities have entered a long bear market," said LaForge who was interviewed by CNBC in July. LaForge is the head of Real Asset Strategy at Wells Fargo.
 
"Traditionally those long bear markets for commodities average about 20 years—and that is using data back to 1800—and we are only in year five."
 
Laforge sees gold heading back to its December lows since a commodity will "go back and test its lows off of the first move down multiple times."
 
Gold is up about $300 this year after hitting a low of $1,050 in December.
 
LaForge said this year's run up was overdue considering the gold's three year slide.
 
"I am a big believer in reverting to the mean and we definitely needed a bounce off of $1,000," says LaForge. "I would say it is going to be tough from here."
 
LaForge has made bearish statements about gold in the past. In 2014 he saw $660 per ounce gold as "in the cards."
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Sterling plunges to its lowest level in 168 years www.rt.com

The British pound has fallen to a low measured against a basket of trading currencies not seen since the mid-19th century, according to the Bank of England (BoE).
 
The effective exchange rate, calculated to mirror UK trade, is at rock bottom after hitting a low of 29.27. The mark is lower than the level sterling hit during the financial crisis, the introduction of floating exchange rates of the 1970s, and even the decision to leave the gold standard in the 1930s.
 
On Tuesday, sterling fell to a 31-year low against the US dollar over concerns of a possible “hard Brexit.” It traded as low as $1.2117 against the greenback.
 
Under the BoE’s current formula for the trade-weighted index, the biggest contributors to the currency basket are Germany (22.5 percent), US (16.5 percent), France (12.6 percent), Italy (8.3 per cent) and Japan (seven percent).
 
The pound rebounded slightly on Wednesday after Prime Minister Theresa May announced she would hold a parliamentary debate on Brexit proceedings and promised to fight for “maximum possible” access to EU markets.
 
Some analysts warn the British pound might fall out of the International Monetary Fund's elite basket of reserve currencies due to its continuing nosedive.
 
Sterling has dropped 17 percent against the US dollar since Britain voted to quit the European Union. The currency has come under renewed pressure and losses accelerated after Prime Minister Theresa May announced plans to trigger the process for the UK’s formal exit.
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