Johor Sultan given warm welcome in Mongolia www.thestar.com.my

PETALING JAYA: The Johor Sultan was accorded a warm welcome inside a purpose-built traditional home or “ger”, pitched inside the State House in Ulaanbaatar.

Toyota to invest $500m in Uber in driverless car deal www.bbc.com

Japanese carmaker Toyota is to invest $500m (£387m) in Uber and expand a partnership to jointly develop self-driving cars.

The firm said this would involve the "mass-production" of autonomous vehicles that would be deployed on Uber's ride sharing network.

It is being viewed as a way for both firms to catch up with rivals in the competitive driverless car market.

The deal also values Uber at some $72bn, despite its mounting losses.

That is up 15% since its last investment in May but matches a previous valuation in February.

According to a press release issued by the firms, self-driving technology from each company will be integrated into purpose-built Toyota vehicles.

Uber halts self-driving tests after death
Uber settles with Waymo on self-driving
The fleet will be based on Toyota's Sienna Minivan model with pilot trials beginning in 2021.

Shigeki Tomoyama, executive vice president of Toyota Motor Corporation, said: "This agreement and investment marks an important milestone in our transformation to a mobility company as we help provide a path for safe and secure expansion of mobility services like ride-sharing."

Both Toyota and Uber are seen as lagging behind in developing self-driving cars, as firms such as Waymo, owned by Alphabet, steam ahead.

Uber has also scaled back its self-driving trials after a fatal crash in Tempe, Arizona, in March, when a self-driving Uber SUV killed a pedestrian.

Since then, the ride-hailing giant has removed its autonomous cars from the road and closed its Arizona operations.

Uber's troubled self-driving car efforts are in need of external help, and this deal with Toyota might provide that expertise. It's of course a terrific opportunity for Toyota, too.

It was reported earlier this month that Uber was sinking around $1m-$2m into its autonomy work every single day. The results of that effort have not been something to be proud of - one fatal crash, one very expensive lawsuit, and not a lot of self-driving compared to the leader in this sector, Waymo.

Sharing the burden, and R&D cost, will delight Uber's investors as it aims for its initial public offering next year.

Meanwhile, shares in Toyota spiked at reports of the deal. Not surprising. Many analysts think personal car ownership will drop dramatically when the self-driving, ride-sharing future is fully upon us - with major companies instead purchasing enormous fleets of vehicles. Toyota, then, may have just secured its biggest ever customer.

The deal extends an existing relationship with Toyota, and furthers Uber's strategy of developing autonomous driving technology through partnerships.

The US firm has also teamed up with Daimler, which hopes to own and operate its own self-driving cars on Uber's network.

On Monday, Uber said it planned to focus more on its electric scooter and bike business in future, and less on cars - despite the fact it could hurt profits.

Revenue from its taxi business is rising but the cost of expansion into new areas such as bike sharing and food delivery has meant losses have grown rapidly.

Sultan of Malaysian state of Johor visits Mongolia www.akipress.com

The Sultan of Malaysian state of Johor Mr Sultan Ibrahim Almarhum Sultan Iskandar will visit Mongolia. 
It is the Johor Sultan’s first official visit to Mongolia, which will not only enhance relations between Johor and Mongolia, but also explore investment opportunities for both sides, Bernama news agency reported.

TRAM studies released: Exporters highlight difficulties in employing skilled staff www.zgm.mn

Report on the unified research of European Union funded project Trade Related Assistance for Mongolia (TRAM) was disclosed last week. According to Toby Philpott, Senior Private Sector Consultant and a key expert of TRAM, 60.8 percent of surveyees consisted of Mongolian private sector representatives considered the People’s Republic of China (PRC) as the best export market for Mongolia, followed up with European Union (34.2 percent). The project, which was launched on March 7, 2018, aims at strengthening the capacity to further develop appropriate export development strategies and translate this into actual implementation through inter-ministerial coordination and enhanced engagement with private sector organisations. A total of 132 respondents from the private sector participated in the study, of which 25 percent were from wool and cashmere industry, 9 percent - meat, 7 percent - tourism, 8 percent - leather, 7 percent - textiles and 9 percent from unidentified sectors. The research considered the general export markets, regulations, times spent on activities, exporters’ knowledge, skills and resources. Furthermore, 82 percent of the surveyees were exporters and the remaining consisted of entities interested in and/ or capable of exporting; however, the officials highlighted that the study could not identify the barriers to potential exporters. In terms of favorable export markets.

Mongolian and EU representatives discuss sustainable production www.gogo.mn

The Ministry of Nature, Environment and Tourism, in collaboration with the SWITCH-Asia Sustainable Consumption and Production Facility program of the European Union, held a consultative meeting on Sustainable Consumption and Production.

Personal accident insurance compensation up by 25.3 percent www.gogo.mn

Due to an increasing number of natural disasters and accidents, personal accident insurance compensation saw an increase of 25.3 percent, reaching 15.8 billion MNT in the first seven months of 2018.

Wool processing experience of Pakistan studied www.montsame.mn

Ulaanbaatar /MONTSAME/ A theoretical and practical training themed ‘Opportunities for introducing improved experience in procurement and production of sheep wool and wool products to Mongolia’ was held at the Ministry of Food, Agriculture and Light Industry within the framework of ‘Support to employment creation in Mongolia’ project of the United Nations Industrial Development Organization (UNIDO).

Turkish educator Akçay in Mongolia applies to UN for urgent action against imminent abduction risk www.stockholmcf.org

Turkish educator Veysel Akçay, the general director of schools affiliated with the Gülen movement in Mongolia, who was abducted by the agents of Turkey’s notorious National Intelligence Organisation (MİT) on July 27, 2018, in front of his house in Ulan Bator, has called on the United Nations High Commissioner for Refugees (UNCHR) for urgent action against imminent abduction risk.

Writing a letter to UNCHR, Akçay’s lawyers requested on August 24, 2018, an urgent action to prevent his imminent illegal deportation to Turkey. The lawyers stated that the decisive actions by the UNHCR and the government of Mongolia on July 27, 2018, enabled timely release and prevented illegal transfer to Turkey of Mr. Veysel Akçay.

“We are, however, deeply concerned that initial encouraging steps by the government of Mongolia have been subsequently followed by actions, which have clearly exposed Mr. Akçay to the imminent risk of illegal transfer to Turkey. Namely, during this past week, Mr. Akçay was twice prevented from leaving Mongolia for safer third countries,” read the letter.

The lawyers added in their letter that “In addition, the authorities have also allegedly closed the investigation against the perpetrators of Mr. Akçay’s abduction on July 27, 2018. These actions are, inter alia, contrary to Mr. Akçay’s right to leave the country, including his country of residence, a right firmly embodied in the Universal Declaration of Human Rights (UDHR) and the relevant United Nations human rights treaties, voluntarily accepted and into force in the Republic of Mongolia.”

They also requested UNCHR to urge the authorities in Mongolia strongly, to ensure that Mr. Veysel Akçay, a victim of abduction under distress and at risk of another imminent abduction in Mongolia, be allowed to travel to a safe third country and until then he and his family are provided protection, necessary to deter any renewed attempt against his right to liberty and security. The lawyers also urged the UNCHR to take immediate action.

In order to take Akçay to Turkey after his abduction, a private plane was held at Ulan Bator Airport for all day on July 27. Akçay, who has worked at educational institutions in Mongolia for 24 years, is reportedly one of only a few Turkish nationals awarded the Mongolian Friendship Medal bestowed by the Mongolian state.

After reactions from Mongolian public and media, Mongolian authorities did not allow MİT agents to transfer Akçay from Ulan Bator to Turkey. The private plane had to depart the airport without Akçay.

The Mongolian Foreign Ministry had issued a statement on the abduction of Akçay and underlined that such an unacceptable act would be “a violation of Mongolia’s sovereignty and independence” and that Mongolia would strongly object to it.

The Mongolian Foreign Ministry statement had indicated that Deputy Foreign Minister Batmunkh Battsetseg met with a Turkish diplomat over the abduction case.

Akçay is married to Meryem Akçay and they have four children. Akçay works as general manager of the Empathy Worldwide Educational Institution, which has run the Turkish-Mongolia Schools (four high schools, one international school, one-day care center) established by the Gülen movement 25 years ago.

MİT abducted journalist Yusuf İnan and Salih Zeki Yigit in Ukraine, and İsa Özdemir in Azerbaijan early in July. They were transported by MİT agents to İstanbul by private plane. MİT agents had abducted six teachers in Kosovo on March over their alleged links to the Gülen movement. In cooperation with Kosovar intelligence, MİT’s abduction of the teachers sparked widespread debate and drew ire from around the world.

According to a statement made by Turkish Foreign Minister Mevlüt Çavuşoğlu, over 100 alleged members of the Gülen movement have been abducted by MİT agents abroad and brought back to Turkey as part of the Turkish government’s global manhunt.

“We have been watching these traitors for two years and have brought the leading figures of FETÖ to our country. Some of these cases were covered by the press, while others weren’t at the request of the countries involved. I can frankly say that more than 100 FETÖ-affiliated people have been brought to Turkey,” Çavuşoğlu said in an interview with Turkey’s pro-government CNN Türk.

“FETÖ” is a derogatory term coined by ruling Justice and Development Party (AKP) led by Turkish President Recep Tayyip Erdoğan to refer to the Gülen movement.

Turkey survived a controversial military coup attempt on July 15, 2016, that killed 249 people. Immediately after the putsch, the Justice and Development Party (AKP) government along with President Recep Tayyip Erdoğan pinned the blame on the Gülen movement.

Fethullah Gülen, who inspired the movement, strongly denied having any role in the failed coup and called for an international investigation into it, but President Erdoğan — calling the coup attempt “a gift from God” — and the government initiated a widespread purge aimed at cleansing sympathizers of the movement from within state institutions, dehumanizing its popular figures and putting them in custody.

Turkey has suspended or dismissed more than 150,000 judges, teachers, police and civil servants since July 15. On December 13, 2017, the Justice Ministry announced that 169,013 people have been the subject of legal proceedings on coup charges since the failed coup.

Turkish Interior Minister Süleyman Soylu announced on April 18, 2018, that the Turkish government had jailed 77,081 people between July 15, 2016, and April 11, 2018, over alleged links to the Gülen movement.

Kincora Announces New High-Grade Targets at Bronze Fox, Mongolia www.investingnews.com

Kincora Copper (TSXV:KCC) has outlined recent extensive exploration activities at its wholly owned Bronze Fox project and planned activities for the remainder of the current field season.

When paper money goes to zero value: Venezuelan hyperinflation explained www.rt.com

Inflation in Venezuela this year could top one million percent, the International Monetary Fund (IMF) predicts. This gallery puts the buying power of today's bolivar into perspective.
A kilogram of meat costs 9,500,000 bolivars, or the equivalent of $1.45.