1 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      2 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      3 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      4 THE UNITED NATIONS CHILDREN’S FUND (UNICEF) IN MONGOLIA, THE NATIONAL FOUNDATION FOR SUPPORTING THE BILLION TREES MOVEMENT, AND CREDITECH STM NBFI LLC HAVE JOINTLY LAUNCHED THE “ONE CHILD – ONE TREE” INITIATIVE WWW.BILLIONTREE.MN PUBLISHED:2025/06/13      5 NEW MONGOLIAN PM TAKES OFFICE AFTER CORRUPTION PROTESTS WWW.AFP.MN PUBLISHED:2025/06/13      6 GOLD, MINED BY ARTISANAL AND SMALL-SCALE MINERS OF MONGOLIA TO BE SUPPLIED TO INTERNATIONAL JEWELRY COMPANIES WWW.MONTSAME.MN PUBLISHED:2025/06/13      7 AUSTRIA PUBLISHES SYNTHESIZED TEXTS OF TAX TREATIES WITH ICELAND, KAZAKHSTAN AND MONGOLIA AS IMPACTED BY BEPS MLI WWW.ORBITAX.COM  PUBLISHED:2025/06/13      8 THE UNITED STATES AND MONGOLIA OPEN THE CENTER OF EXCELLENCE FOR ENGLISH LANGUAGE TEACHING IN ULAANBAATAR WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/12      9 MONGOLIA'S 'DRAGON PRINCE' DINOSAUR WAS FORERUNNER OF T. REX WWW.REUTERS.COM PUBLISHED:2025/06/12      10 MONGOLIA’S PIVOT TO CENTRAL ASIA AND THE CAUCASUS: STRATEGIC REALIGNMENTS AND REGIONAL IMPLICATIONS WWW.CACIANALYST.ORG  PUBLISHED:2025/06/12      БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ ДАХЬ НҮБ-ЫН ХҮҮХДИЙН САН, ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН, КРЕДИТЕХ СТМ ББСБ ХХК “ХҮҮХЭД БҮРД – НЭГ МОД” САНААЧИЛГЫГ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/13     ЕРӨНХИЙЛӨГЧИЙН ТАМГЫН ГАЗРЫН ДАРГААР А.ҮЙЛСТӨГӨЛДӨР АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/13     34 ДЭХ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ХЭРХЭН АЖИЛЛАНА ГЭЖ АМЛАВ? WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     “АНГЛИ ХЭЛНИЙ МЭРГЭШЛИЙН ТӨВ”-ИЙГ МУИС-Д НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     Г.ЗАНДАНШАТАР БАЯЛГИЙН САНГИЙН БОДЛОГЫГ ҮРГЭЛЖЛҮҮЛНЭ ГЭЖ АМЛАЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/12    

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

NEWS

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Apple reportedly removes Iranian apps from App Store www.rt.com

 
US tech giant Apple has started deleting applications supplied by Iranian startups and developers from its App Store, according to various media reports.
The company removed application of the biggest Iranian e-commerce service, Digikala, which has millions of users, Iran’s tech news site Techrasa reports.
Last September, Apple temporarily opened the App Store for businesses based in Iran, gradually lifting limitations previously imposed due to international sanctions.
As there is no official App Store available in the Islamic Republic, most of the companies had to register their apps as being outside of the country.
Digikala service uses the Shaparak payment operator, which is completely isolated from international systems. That would allow the service not to contradict Apple’s terms.
Moreover, several Iranian banks have apps for the iOS platform which are often side-loaded onto phones.
When attempting to upload apps Iranian startups apparently received the following message:
“Unfortunately, there is no App Store available for the territory of Iran. Additionally, apps facilitating transactions for businesses or entities based in Iran may not comply with the Iranian Transactions Sanctions Regulations (31CFR Part 560) when hosted on the App Store. For these reasons, we are unable to accept your application at this time. We encourage you to resubmit your application once international trade laws are revised to allow this functionality.”
Iran's with a population of nearly 80 million loves its gadgets. Over 40 million smartphones, or which six million are iPhones, are currently used by Iranians. Some 100,000 iPhones are smuggled into the country every month, according to Techrasa.
The Iranian Transactions and Sanctions Regulations issued by the US Department of the Treasury blocks the market that might become a highly lucrative one for Apple.
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Deutsche Bank fined by regulators over money laundering claims www.bbc.com

 
Deutsche Bank has been fined $630m (£504m) by US and UK regulators in connection with a Russian money laundering plan.
Under the scheme, clients illegally moved $10bn out of Russia via shares bought and sold through the bank's Moscow, London and New York offices.
Authorities said Deutsche had missed "numerous opportunities" to detect, investigate and stop the scheme.
Deutsche Bank said it was co-operating with regulators.
It also said it had put aside money to cover the cost of the settlement.
During the investigation, New York authorities and Britain's Financial Conduct Authority (FCA) found that so called "mirror" trades had been carried out through the bank between 2011 and 2015.
Clients would purchase stocks in rubles in Moscow before their counterparts sold the same stock at the same price through the bank's London branch.
'Unsafe and unsound'
"By converting rubles into dollars through security trades that had no discernible economic purpose, the scheme was a means for bad actors within a financial institution to achieve improper ends while evading compliance with applicable laws," according to the legal document detailing the settlement with DFS.
Regulators blasted the bank for failing to spot the ruse, saying it had conducted its business in an "unsafe and unsound" manner.
They also said the lender's anti-financial crime teams were ineffective and understaffed.
In total, New York authorities fined the bank $425m while the UK's FCA's fine was £163m, or about $204m.
In addition to paying the settlement, Deutsche Bank also will be required to hire an outside monitor to review its internal compliance measures.
It comes less than two weeks after the German bank finalised a $7.2bn settlement with the US Justice Department over its role in the 2008 financial crisis.
In addition to Monday's action, regulators fined three other banks for violations of anti-money laundering laws.
Italy's Intesa Sanpaolo was fined $235m, Agricultural Bank of China was fined $215m and and Mega Bank of Taiwan was fined $185m.
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S.Erdene elected next chairman of Democratic Party www.montsame.mn

Ulaanbaatar /MONTSAME/ Member of Parliament S.Erdene was elected the chairman of the Democratic Party, as a result of the Democratic Party Chairmanship election took place on Sunday. Leaders of the DP officially announced the election result on January 30.

The Democratic Party, the opposition in the Mongolian Parliament, organized its first all-member election, which received ballots from members in 21 provinces and nine districts of Ulaanbaatar city, with a total of 30 polling stations.

S.Erdene claimed victory in 12 polling units, while his strongest rival and former Prime Minister N.Altankhuyag won majority of votes in 10 units. Most votes were casted for S.Erdene in Tuv (Central) province.

The Democratic Party held its VI Assembly on December 6-7, 2016, with 1,210 attendees, representing its all 180 thousand members. Most of the attendees voted for selecting the chairman through all-member election. The candidates were the former Minister of Industry D.Erdenebat, former Prime Minister N.Altankhuyag, S.Erdene MP, former Minister of Education L.Gantumur and J.Batzandan MP.

The all-member election for DP Chairman completed on January 29, having collected ballots at 361 polling stations, with 70 percent voter turnout.

 
 
 
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Mongolia starts manufacturing steel ball www.gogo.mn

Steel ball manufacturing plant was opened at Darkhan Metallurgical Plant on January 28, 2017. The plant manufactures steel balls with 100-140 mm diameter by forging method and within this year, steel balls with 60-80 mm diameter will be manufactured using casting method.
Darkhan Metallurgical Plant used to produce steel ball semis of 300-350 thousand tons and export to China, while some mineral processing companies has imported steel balls of USD180-200 thousand annually from China.
“- We are proud that we now can manufacture value added final product. Our plant is the first biggest steel ball manufacturing plant, using hammering method. It has control system and is fully automated, and eco-friendly. Basic facilities and equipment is supplied from German ‘Schuler Group”, which has 177 years of history. When plant with casting method starts operating, the two plants will have annual capacity of 55-60 thousand tons and we will provide some 80 per cent of domestic demand. Therefore, money outflow of USD60 million will be stopped and remain in the country. It is estimated that over 100 new jobs will be created. Our high quality products meet euro standard, allow our customers to save their cost by 15-30 per cent” said Executive Director of the plant D.Batjavkhlan.
The plant expects its new product to be used mainly in Oyu Tolgoi and Erdenet, copper and gold mine and processing plant. Minister of Construction and Urban Development G.Munkhbayar attended the opening ceremony and said that the Government stated in its action plan that it would boost industrialization and job creation, thus, the Government will support and cooperate with Darkhan Metallurgical Plant. “-Job creation and stable employment is vital. I hope we will supply our steel demand in construction sector fully at home very soon”.
Darkhan Metallurgical Plant was built in 1990 and it owns the Tumurtolgoi, Tumurtei and Khust iron ore deposits.

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Volkswagen overtakes Toyota as the world's biggest carmaker www.bbc.com

Volkswagen has overtaken Toyota to become the world's best-selling carmaker, the first time the German company has held the position.
Japan's Toyota, which had topped sales for the past four years, sold 10.175 million vehicles globally in 2016.
That fell short of the 10.31 million sales which VW reported last week.
The milestone comes despite VW's scandal over emissions tests cheating, which sparked a global backlash and multiple lawsuits.
Volkswagen, which makes the Audi, Porsche and Skoda brands, saw a 3.8% increase in sales buoyed by demand in China.
And it has been making inroads in other markets too. In Sweden for example, the Volkswagen Golf was the most popular new car in 2016 - the first time in more than half a century that a Volvo hadn't topped the country's sales.
Toyota's sales grew by 0.2% - though it appears to have suffered from a slowdown in the US car industry.
General Motors reports its figures next week, but it is expected to lag both the Japanese and the German firms.
GM was the world's third-largest carmaker in 2015. It held the number one title in 2011 after Toyota's production was hit by a massive earthquake and tsunami in north-eastern Japan.

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Starbucks to hire 10,000 refugees worldwide after Trump ban www.afp.com

 
Starbucks plans to hire 10,000 refugees worldwide over the next five years in response to President Donald Trump's travel ban, the head of the US coffee-chain company said Sunday.
"I write to you today with deep concern, a heavy heart and a resolute promise," Starbucks chairman and chief executive Howard Schultz said in a letter to employees posted on the company's website.
"We are living in an unprecedented time, one in which we are witness to the conscience of our country, and the promise of the American Dream, being called into question."
Schultz, a Democratic Party supporter, said that Starbucks had been in contact with employees affected by the new Republican president's executive order signed Friday.
The decree suspends the arrival of all refugees for at least 120 days, Syrian refugees indefinitely and bars citizens from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen for 90 days.
The CEO said the refugee hires would be fleeing war, persecution and discrimination in the 75 countries where the company operates.
"And we will start this effort here in the US by making the initial focus of our hiring efforts on those individuals who have served with US troops as interpreters and support personnel in the various countries where our military has asked for such support," he said.
Schultz also defended Mexico, which Trump has said will have to pay for a wall along its long and porous border with the United States to deter immigrants, perhaps by the US imposing a 20 percent tariff on Mexican imports.
"Building bridges, not walls, with Mexico," he wrote, voicing support for the country that has provided Starbucks with coffee for three decades and where nearly 600 Starbucks coffee shops employ 7,000 people.
"We stand ready to help and support our Mexican customers, partners and their families as they navigate what impact proposed trade sanctions, immigration restrictions and taxes might have on their business and their trust of Americans.
"But we will continue to invest in this critically important market all the same."
Schultz is close to Hillary Clinton, the Democratic presidential candidate who lost to Trump in the November election, and supported her during her White House campaign.
But he has dismissed persistent rumors that he would seek the highest office in the land.
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Toshiba to review overseas nuclear power business www3.nhk.or.jp

 
Struggling Japanese electronics giant Toshiba says it will review its overseas nuclear power business. Its loss in the US is reported to be more than several billion dollars.
President Satoshi Tsunakawa told reporters on Friday that the company will reconsider its plan to accept new orders for more than 45 nuclear reactors by fiscal 2030.
Toshiba said its massive losses in the US were due to construction costs for 4 reactors. The equipment and material costs ballooned to meet stricter safety standards following the Fukushima crisis.
Company officials said they are considering an end to accepting new construction orders for reactors. Instead, they are thinking of only taking orders for the delivery of equipment for reactors.
Toshiba is expected to include this revision in its business plan. The company will reveal it together with its earnings report on February 14.
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Mongolians protest over air pollution: 'Wake up and smell the smog' www.bbc.com

 
Thousands of Mongolians took to the streets of the capital, Ulaanbaatar, on Saturday to call for the government to take action on air pollution.
Protesters, some wearing face masks and holding black balloons, gathered as temperatures fell below -20C.
Ulaanbaatar, one of the world's coldest capitals, is also one of the most polluted cities in the world, according to the UN children's agency Unicef.
Many residents burn polluting fuels to keep their homes warm.
Some say they cannot afford the alternatives and have asked for state assistance.
One protester's banner read: "Wake up and smell the smog."
It is the second pollution protest during the current Mongolian winter.
In December, Mongolian environment and tourism minister Oyunkhorol Dulamsuren said that, between 2011 and 2015, the government spent more than $37m, plus $47m from international donors, on tackling air pollution.
Among children under five, respiratory infections are one of the leading causes of death, Unicef says.
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Steelworkers to vote on Port Talbot rescue plan www.theguardian.com

 
Thousands of steelworkers will vote on rescue proposals for the Port Talbot steelworks this week in a definitive moment for the crisis in the industry.
Tata Steel has tabled a proposal to save 8,000 job in its UK business, including the Port Talbot steelworks in south Wales, by investing £1bn into modernising its operations over the next 10 years.
However, this investment depends on spinning off the pension fund behind Tata Steel UK into a separate entity and replacing the final salary pension scheme with a less generous defined contribution scheme.
The existing scheme – the British Steel pension scheme (BSPS) – could enter the Pension Protection Fund (PPF) as part of the arrangement, which would result in a 10% cut to members’ benefits. However, for this to occur Tata Steel must convince the Pensions Regulator that its UK business is on the brink of insolvency and is likely to have to pump hundreds of millions of cash into the scheme.
The BSPS has 130,000 members and £15bn of liabilities. It would be by far the biggest pension scheme to be taken on by the PPF.
The trade unions Unite, GMB and Community have recommended that workers vote in favour of the proposals, but they could still be rejected given the changes to the pension scheme.
If the rescue package is approved then Tata Steel will look to complete a merger of its European operations with ThyssenKrupp, the German industrial conglomerate.
Tata Steel declined to comment. The trade unions said they had not made the recommendation lightly, telling workers: “Nobody is saying that the proposal on the table is without issues. But as we have said before, what you are voting on is the best outcome that could be achieved through negotiation. It is our collective view, supported by our independent experts, that this is the only credible and viable way to secure the future.”
However, John Ralfe, a pension consultant, warned: “ThyssenKrupp won’t touch Tata UK or Tata Holland unless the British Steel pension scheme is hived off. The risks of it coming back to bite them are too high.
“It is not clear what the pension trustees have in mind with the plan to hive off the pension scheme without Tata Steel UK going into insolvency. The legal tests for a regulated apportionment arrangement [the process whereby a pension scheme enters the PPF] are deliberately set very high.
“The BSPS will certainly close to new pensions, but the £15bn of historic liabilities are likely to remain the responsibility of Tata Steel UK, which will continue to soldier on, and ThyssenKrupp would then be almost certain to walk away.”
The steel jobs have been at risk since last March when Tata Steel announced it was putting its UK business up for sale amid losses of more than £1m a day. The decision sparked a political crisis as the government scrambled to secure the future of the plant. Port Talbot is one of only two sites in Britain that makes steel in blast furnaces.
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Russian Football Clubs Spent More Than $114 Million on Player Transfers in 2016 www.themoscowtimes. com

Russian football clubs spent over $114 million on player transfers last year, FIFA's press service has announced. FIFA said this figure is 383 percent higher than the amount spent during the previous year.

According to FIFA, in 2016 the total number of international transfers in football worldwide reached 14,591 trades, exceeding the previous year's total by 1,000.

Total spending on trading worldwide was $4.7 billion, 14.3 percent higher than 2015's figure.

The greatest activity came from Chinese clubs, which spent $451 million on new players. Since 2013, the volume of purchases by Chinese clubs increased 17 times.

European clubs spent $3.9 billion in total last year.

Among national football federations, the highest expenditure was recorded by English teams. Last year, English clubs bought players whose value totaled $1.3 billion, representing more than 43 percent of the total expenditure of the "Big Five" (England, Germany, Spain, Italy and France).

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