O.Erdembileg appointed First Deputy Governor of Central bank www.montsame.mn

Ulaanbaatar /MONTSAME/ First plenary session of the State Great Khural, formed after the 2016 parliamentary elections, have backed the resolution on appointing Erdembileg Ochirkhuu as the First Deputy Governor of the Bank of Mongolia (BoM).

NHK tests ultra high-definition broadcasts www3.nhk.or.jp

Japan's public broadcaster, NHK, has started testing an ultra high-definition video system that provides images dramatically sharper than those available through current high definition television.

KPMG changes graduate interviews to suit millennials www.bbc.com

Accountancy firm KPMG has changed its graduate recruitment process to suit people born between 1980 and 2000 - the so-called millennial generation.
Instead of conducting three separate assessments over several weeks, it will now combine the process into one day.
The firm says the change will mean applicants will find out if they have got a job within two working days.
It made the change following research suggesting millennials were frustrated by lengthy recruitment processes.
KPMG said its survey- conducted among 400 of this summer's new graduates applying for a graduate job at a UK firm - found that more than one-third were annoyed about how long they had to wait to hear the outcome of an interview, and how long the recruitment process took.
But the biggest complaint, made by more than half of those surveyed, was about not receiving any feedback if they were unsuccessful.
'Best brains'
KPMG chairman Simon Collins said the company felt it had to make the changes to make sure it could compete with smaller start-up or tech firms, which often offer a faster recruitment process, to secure the best graduate employees.
"We are competing with the full gamut for the best brains and talent leaving university: getting our graduate recruitment right is crucial to the long-term success of our business," he said.
The accountancy firm's move comes in the wake of several other big firms shaking up their graduate recruitment process.
In June, Goldman Sachs said it had scrapped face-to-face interviews on university campuses in a bid to attract a wider range of talent.
Work-life balance
The US investment bank has now switched to video interviews with first-round undergraduate candidates, in a move aimed at helping it to attract graduate recruits from a broader range of disciplines.
And last year, professional services firm professional services firm Deloitte said it had changed its selection process so recruiters did not know where candidates had gone to school or university.
It said the move was aimed at preventing "unconscious bias" and recruiting a more diverse "talent pool".
Analysis suggests millennials will make up 75% of the global workforce by 2025.
Several surveys suggest that these younger workers are not motivated by the same factors as previous generations, such as a job for life, but instead value a good work-life balance and a sense of purpose beyond financial success.

Uber to invest $500 million in global mapping project: FT www.reuters.com

Ride-hailing service Uber [UBER.UL] has decided to invest $500 million into an ambitious global mapping project to wean itself off dependence on Google Maps and pave the way for driverless cars, the Financial Times reported on Sunday.

Chinese consortium agrees to $4.4 billion deal for Caesars online games www.reuters.com

A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd (BABA.N) founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for $4.4 billion in cash, the companies said.

Caesars Interactive Entertainment is currently owned by Caesars Acquisition Co (CAC) (CACQ.O) and Caesars Entertainment Corp CRZ.O. The sale will be a boon to the two affiliated companies, which are looking for cash as they embark on a complex merger.

The deal follows a period of exclusive negotiations between Caesars Interactive Entertainment and Giant's consortium that were first reported on July 21 by Reuters.

Caesars Entertainment's main operating unit, Caesars Entertainment Operating Co Inc (CEOC), is currently involved in an $18 billion bankruptcy and is seeking creditor approval for a restructuring plan. The transaction between CAC and the Caesars Entertainment parent is part of a complex web of deals that have come under scrutiny by CEOC's creditors.

Chinese companies are eager to expand beyond their home country, which boasts the world's largest online gaming market. In June, Tencent Holdings Ltd (0700.HK), China's biggest gaming group, agreed to buy a majority stake in 'Clash of Clans' mobile game maker Supercell from SoftBank Group Corp (9984.T) in an $8.6 billion deal.

Caesars' online games business, known as Playtika, makes its games such as Bingo Blitz and Slotomania available on Apple Inc's (AAPL.O) App Store. Playatika will continue to operate independently with its own management team and its headquarters remaining in Herzliya, Israel, following the deal, the companies said.

Playtika players use virtual currency that cannot be exchanged for real money, although players can spend money by buying items in the games. Caesars' World Series of Poker and real-money online gaming businesses are not part of the deal, according to the companies.

Giant is one of China's biggest gaming companies, with nearly 50 million monthly active users and several top-grossing mobile titles. It was taken private in 2014 for $3 billion by a group of buyers that included company Chairman Yuzhu Shi and private equity firm Baring Private Equity Asia Ltd. It is now valued at more than $12 billion.

The Chinese consortium involved in the deal also includes Ma's private equity firm Yunfeng Capital, China Oceanwide Holdings Group Co, China Minsheng Trust Co, CDH China HF Holdings Company Limited, and Hony Capital Fund, the companies said.

The merger between the owners of Caesars Interactive Entertainment is intertwined with the bankruptcy of CEOC, whose restructuring plan hinges on billions of dollars of cash and equity from its parent.

CEOC's creditors have accused the parent company of looting choice assets from its operating unit and leaving it bankrupt. Caesars has said the acquisitions were done at fair value.

While proceeds from a Caesars Interactive online games unit sale will help the bankruptcy estate, junior creditors may still object to the distribution of the funds because more money will end up in the hands of first lien banks and lenders.

Junior creditors led by Appaloosa Management remain the biggest hold-outs in the CEOC bankruptcy, and have said they have as much as $12 billion in claims against Caesars Entertainment and its private equity backers, Apollo Global Management LLC (APO.N) and TPG Capital LP.

(Reporting by Liana B. Baker in New York and Allison Lampert in Montreal; Additional reporting by Tracy Rucinski in Chicago)

Tokyo poised to elect Yuriko Koike as first female governor www.bbc.com

Former Japanese Defence Minister Yuriko Koike looks set to be elected as the Japanese capital's first woman governor, exit polls project.
Public broadcaster NHK and other media forecast Ms Koike as the winner after polls closed at 20:00 (11:00 GMT).
If confirmed, one of her key challenges will be curbing the financial problems plaguing Tokyo's preparations to host the 2020 Olympic Games.
Scandals linked to the Games forced the last two governors to resign.
"I will lead Tokyo politics in an unprecedented manner, a Tokyo you have never seen," Ms Koike, 64, told cheering supporters,
"While feeling the weight of this result, I want to thoroughly push the metropolitan government forward as the new governor."
Tokyo's ill-tempered election
In all, 21 contenders were vying to lead the sprawling capital and a number of other cities in the prefecture.
Ms Koike, politician Hiroya Masuda and journalist Shuntaro Torigoe were the front-runners.

Energy majors look to Asia-Pacific for growth www.asia.nikkei.com

FRANKFURT, Germany/NEW YORK -- American and European energy giants have begun pouring money into the Asia-Pacific region to tap a growing market, especially as crude prices show signs of a modest recovery.

UK and China regulators discuss framework for financial projects www.reuters.com

Aeon to enter Myanmar's retail market www3.nhk.or.jp

Japanese supermarket chain Aeon is about to become the first Japanese retailer to operate stores in Myanmar.

Crimean Map Scandals: Choice Between Offending Russia or Ukraine www.themoscowtimes.mn

Since Russian troops invaded and annexed Ukraine's Crimean peninsula in March 2014, world topography has struggled to place the international border between the two countries. Research engines, academic textbooks, businesses and other world organizations have come under fire from both the Ukrainian and Russian foreign ministries depending on how they print their maps.

This week, Russia criticized Google for using Ukraine's “decommunized” spellings for street names in parts of Crimea. Google has adopted Ukrainian versions of 900 place names in Crimea.

Russia's Communications Minister Nikolai Nikiforov called the move a “short-sighted policy” and said that he hoped “the mistake is corrected.” “If Google pays so little attention to Russian law and Russian place names then it will not be able to do business effectively on Russian territory,” Nikiforov said.

Crimea's Prime Minister Sergei Aksyonov claimed Google was “pandering to Kiev and feelings of Russophobia in Ukraine,” while another Crimean official accused the company of “topograhical cretinism.”

On Friday, Google reversed its decision and restored the Soviet names for Crimean settlements.

But Google is far from the only company to be caught in the conflict.

Russian search engines

Initially, Russia'a Yandex search engine reacted to the annexation by showing Crimea as Russian on Yandex.ru (the Russian version of the website) and as Ukrainian on Yandex.ua (its Ukrainian version). Russian search engine Mail.ru marked Crimea as part of Russia shortly after the annexation.

Textbooks

Only a handful of countries, including North Korea, Cuba, Syria and Venezuela, have recognized Crimea as part of Russia. Other members of the international community — even staunch Moscow allies like Belarus — have abstained on the issue.

Printing new school textbooks have sparked diplomatic rows with both Russia and Ukraine, depending on where the border was printed.

Kazakhstan angered Russian authorities by ensuring that Crimea remained Ukrainian in academic textbooks. In September 2014, the Kazakh Education Ministry was forced to release a statement on the issue. “The publisher and authors did not fully reflect the position of Kazakhstan or that of the international community in its treatment of the Crimea issue.”

The British publisher Oxford University Press also came under fire for printing a map of Crimea as part of Russia in a geography textbook, prompting complaints from the Ukrainian Embassy in London.

Cuba's Education Ministry, keen to avoid confrontation, printed textbooks with maps showing Crimea as simultaneously part of Russia and Ukraine.

World sporting organizations

FIFA also had to choose whether to offend Ukraine or the Kremlin. When it unveiled a promotional video of the 2018 World Cup in Russia, it included Crimea as part of the Russian Federation. This sparked protest from Ukraine's diplomats, with additional uproar as Russia is accused of “kidnapping” Crimean football clubs as part of the annexation.

Global corporations

Coca-Cola made a similar blunder in January when it included Crimea as part of Russia in its advertising campaign, drawing protests and threats of a boycott from angry Ukrainians. The U.S company said that the map, which appeared on its VKontakte page, had been changed by an advertising agency without its approval.

The Crimean annexation was the first time borders were changed in Europe by force and its topographical consequences will live on until the conflict is revolved.