1 39 MONGOLIAN STUDENTS TO STUDY IN GERMANY UNDER “PRESIDENT'S SCHOLAR - 2100” PROGRAM WWW.MONTSAME.MN PUBLISHED:2025/07/30      2 MONGOLIAN FLAG CARRIER TO START NON-STOP FLIGHTS BETWEEN SINGAPORE AND ULAANBAATAR FROM NOV 4 WWW.STRAITSTIMES.COM PUBLISHED:2025/07/30      3 WHEN CHINA SNEEZES, MONGOLIA CATCHES A COLD WWW.INTELLINEWS.COM PUBLISHED:2025/07/30      4 MONGOLIA–JAPAN INTERNATIONAL BUSINESS INNOVATION FORUM TO BE HELD ON AUGUST 18 WWW.MONTSAME.MN PUBLISHED:2025/07/30      5 GREENHOUSE PROPAGATION TECHNOLOGY FOR CONIFEROUS TREES UNDER TESTING WWW.MONTSAME.MN PUBLISHED:2025/07/30      6 DIRECT FLIGHTS FROM KOREA TO MONGOLIA'S KHUVSGUL LAUNCHED WWW.AKIPRESS.COM PUBLISHED:2025/07/30      7 8 KILLED, 41 INJURED IN ROAD ACCIDENTS IN MONGOLIA OVER NAADAM FESTIVAL WWW.XINHUANET.COM PUBLISHED:2025/07/30      8 CONSOLIDATING PARLIAMENTARY DEMOCRACY IN MONGOLIA WWW.VERFASSUNGSBLOG.DE  PUBLISHED:2025/07/29      9 MONGOLIA’S NEW CHALLENGE: ILLEGAL DRUGS WWW.THEDIPLOMAT.COM PUBLISHED:2025/07/29      10 PRESIDENT OF MONGOLIA PARTIALLY VETOES PARLIAMENTARY RESOLUTION ON THE IMPLEMENTATION OF “GOLD-3” NATIONAL CAMPAIGN WWW.MONTSAME.MN PUBLISHED:2025/07/29      ГАНГИЙН ЭРСДЛИЙН ҮНЭЛГЭЭГЭЭР ТАВАН АЙМАГ ЭРСДЭЛ ИХТЭЙ ГАРЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/30     МОНГОЛЫН КОКСЖИХ НҮҮРСНИЙ ҮНЭ ХЯТАДЫН БООМТУУДАД ДАХИН ӨСЛӨӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     НИЙСЛЭЛД ХЭРЭГЖҮҮЛЖ БУЙ МЕГА ТӨСЛҮҮДЭД ХАМТРАН АЖИЛЛАХААР САНАЛ СОЛИЛЦЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     ОХУ-ЫН ШАТАХУУН ЭКСПОРТЫН ХОРИГ МОНГОЛ УЛСАД ҮЙЛЧЛЭХГҮЙ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/30     ЕРӨНХИЙ САЙДЫН АХЛАХ ЗӨВЛӨХӨӨРӨӨ Б.ДАВААДАЛАЙГ ТОМИЛЖЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     НИЙТИЙН ЭЗЭМШЛИЙН 50 БАЙРШИЛД ТӨЛБӨРТЭЙ ЗОГСООЛ БАЙГУУЛЖ, ТОХИЖИЛТ ХИЙГДЭЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/30     “MONGOLZ” БАГ УКРАИНЫ “NATUS VINCERE” БАГТАЙ БААСАН ГАРАГТ ТОГЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/30     МӨРӨН НИСЭХ БУУДАЛ АНХ УДАА ОЛОН УЛСЫН НИСЛЭГ ХҮЛЭЭН АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/29     ХОТЫН ДАРГА Х.НЯМБААТАР БЭЭЖИН ХОТЫН ДАРГА ИН ЮНТАЙ УУЛЗАВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/29     ЧИНГИС ХААН БАНКНЫ ӨР ТӨЛБӨРТ ХӨРӨНГӨ АВАХААР БОЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/29    

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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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Russia to discuss oil output cut with OPEC www3.nhk.or.jp

Some members of the world's largest petroleum cartel, OPEC, and non-member oil producers have agreed to enter full-fledged talks later this month to cap production to boost the price of the commodity.

Representatives of Qatar and other members of the Organization of Petroleum Exporting Countries and non-member major oil exporters, including Russia, gathered in Istanbul, Turkey, on Wednesday.

OPEC reached an agreement late last month to limit supply.

OPEC representatives called on non-members to join the agreement.

Russia is among the participants eager to curb output.

They agreed to hold two days of talks in Vienna starting on October 28th to discuss the details.

An invitation is to be extended to the United States, the world's largest oil producer, thanks to the rise of shale oil.

Russian President Vladimir Putin on Monday expressed readiness to control output. Crude oil prices shot up following the announcement.

OPEC will be holding a general assembly in November to officially set output caps for each member country.

As non-OPEC nations, including Russia, appear set to monitor developments, it remains to be seen whether the talks later this month will prove fruitful.

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Toyota, Suzuki explore partnership www3.nhk.or.jp

Japanese automakers Toyota and Suzuki say they're considering a business partnership.

The firms said on Wednesday that they'll explore a tie-up in the fields of environment-friendly, self-driving autos, safety and vehicle information technology.

They say they hope their collaboration will help them strengthen international competitiveness.

Toyota's President Akio Toyoda and Suzuki's Chairman Osamu Suzuki plan to hold a joint news conference later on Wednesday to explain their partnership talks.

Auto industry sources say Suzuki has sought a partner as huge funding is necessary to develop cutting-edge technology. Toyota faces the challenge of spreading its advanced technology among other automakers as part of the industry's realignment.

Toyota has large market shares both in Japan and abroad. Suzuki is strong in sales in emerging economies such as India and the domestic market for mini vehicles.

Industry sources say a partnership between the 2 firms would affect strategies of Japanese and foreign rivals.

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Pound sees further volatile trading www.bbc.com

The pound is higher in early Asian trading, regaining some of the ground lost from a sharp drop late on Tuesday.
The currency was trading at $1.2259, up 0.8% from its fall the previous day.
On Tuesday, it had fallen more than 2%, dropping below $1.21, while against the euro it fell below €1.10.
The pound has now fallen about 18% against the dollar since the referendum, to levels not seen since 1985.
"Unfortunately this volatility in the pound is unlikely to end until there is greater clarity around Brexit," said market analyst Angus Nicholson of IG in Melbourne.
He added that the rise in Asian trading may be driven by Prime Minister Theresa May making a late amendment to the terms of a debate on Wednesday, seen by traders as effectively giving Parliament a vote on the terms of Brexit.
Neil Wilson from ETX Capital said the mood around the pound had been extremely negative in recent days and that it was "now trading like an emerging market currency."
He also said comments by a senior Bank of England official had not helped.
Michael Saunders, a member of the Bank's interest rate-setting committee, said earlier that the pound could still "fall further", but that the recent sharp drop was not an immediate cause for concern.
Bank threat
The comments were interpreted as a signal that the Bank could keep interest rates lower for longer.
Some traders also said sterling came under pressure from reports that US banks Citi and Morgan Stanley could move staff out of London, adding to worries about foreign investment leaving the UK.
"It really isn't terribly complicated. If we are outside the EU and we don't have what would be a stable and long-term commitment to access the single market then a lot of the things we do today in London, we'd have to do inside the EU 27," said Rob Rooney, chief executive of Morgan Stanley International.
Traders also pointed to leaked documents, warning that a withdrawal from the EU single market could cost the Treasury more than £66bn a year, as a reason for the drop.
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Premier’s visit to Japan starts www.mongolia.gogo.mn

An official visit of the Prime Minister, Mr J.Erdenebat to Japan commenced today.
He is to have official talks with his Japanese counterpart, Mr Shinzo Abe to conform the contents and line of actions, to be realized in frames of the Mongolia-Japan Strategic Partnership.
The Premier will also pay courtesy calls on the Speaker of House of Representatives of the National Diet of Japan, Mr Tadori Oshima, and Speaker of House of Councillors, Mr Chuichi Date. Mr Erdenebat is set to attend the Mongolia-Japan Trade and Investment Forum to give insight into the investment environment and business opportunities in Mongolia.
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Bank of Japan policymakers signal higher threshold for further easing www.reuters.com

Bank of Japan policymakers kept to their pledge to expand stimulus but only to protect the economy from external shocks, signaling that the threshold for further easing has been raised after last month's policy revamp.
 
BOJ Governor Haruhiko Kuroda made no direct reference of the need to achieve his inflation target quickly when he reiterated his readiness to cut interest rates or expand asset buying.
 
"We are prepared to ease policy again, including lowering short-term rates, if we judge that the merits outweigh the costs," Kuroda told parliament on Wednesday.
 
Yutaka Harada, who has been among the most vocal advocates of aggressive money printing on the nine-member board, also said the BOJ would ease if "sudden changes in the global economy" threatened the price target.
 
Before last month's change in policy framework, BOJ officials have said they would not hesitate to ease if it would hasten achievement of their elusive price growth target.
 
"It is clear from the change in the policy framework that the BOJ has essentially given up on a quick victory in achieving 2 percent inflation," said Hiroshi Shiraishi, senior economist at BNP Paribas Securities.
 
"The BOJ will not be proactively easing policy to achieve 2 percent inflation quickly. It is moving toward a more flexible inflation target," he said.
 
The comments by Kuroda and Harada came ahead of the BOJ's next review on Oct. 30-Nov. 1, when it may again push back the timing for achieving its price target in a quarterly review of its forecasts.
 
Only a handful of analysts polled by Reuters predicted the BOJ would ease at the next review, while about 70 percent said it would act next year.
 
The BOJ last month switched its policy to target interest rates and away from expanding the monetary base - or the pace of money printing - after years of massive asset purchases failed to jolt the economy out of decades-long stagnation.
 
Analysts say the move aimed to change the BOJ's framework into one suited for a long-term battle to hit its 2 percent inflation target. Kuroda has acknowledged it will take some time to hit the goal.
 
The BOJ maintained a loose pledge to keep the size of its balance sheet roughly unchanged even after shifting to a rate target, reflecting the views of board members such as Harada who insist aggressive money printing was key to ending deflation.
 
Harada, who voted for last month's policy make-over, said the BOJ's pledge to maintain its huge monetary base remained crucial in raising inflation expectations in the long run.
 
The BOJ's holdings of government bonds comprised just 30 percent of Japan's public debt, leaving room for additional purchases by the central bank, he said in a speech to business leaders in the central Japan prefecture of Nagano.
 
"Japan is quite distant from reaching the limits of monetary easing," he said.
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Australia Sells A$7.6 Billion of 30-Year Bonds in Record Deal www.bloomberg.com

Australia’s government sold its biggest-ever bond, raising A$7.6 billion ($5.8 billion) in its first ever offering of 30-year bonds.
The new March 2047 securities were priced to yield 3.27 percent, the Australian Office of Financial Management said in a statement. That equated to 101.5 basis points more than the 10-year bond future. The bank-managed transaction further extends the nation’s yield curve following the AOFM’s sale of 2039 bonds a year ago.
Start your day with what’s moving markets.
The government’s borrowing needs have blown out as lower commodity prices and reduced mining investment sapped government revenues, while the authorities have also struggled to rein in spending. The country is in the midst of its longest stretch of budget deficits since at least 1970 and expectations for a return to surplus have been repeatedly pushed back. The face value of the government debt pile at the end of last week was A$443 billion and budget estimates have it climbing to almost A$500 billion by the end of June 2017.
“I think many investors -- including us -- were very interested, as the bond is very cheap,” Ben Alexander, who helps oversee A$6.2 billion as principal at Ardea Investment Management in Sydney, said before the AOFM pricing announcement. “The market has really made room for the issue.”
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Coking coal, iron ore prices resume surge www.mining.com

The rise in the price of coking coal shows no signs of running out of steam with the Australian export benchmark price climbing again as Chinese traders return from a weeklong holiday with renewed confidence in the the health of the world's second largest economy.
 
Metallurgical coal was exchanging hands at $218.10 on Tuesday, up $4.70 since the start of the week according to data provided by Steel Index. Steelmaking coal prices are up nearly three-fold since hitting multi-year lows in November last year.
 
Coking coal, iron ore prices resume surgeCoal used in power generation has also experienced an unexpected jump this year with seaborne prices for thermal coal up more than two-thirds since the start of the year to exchange hands for just over $84 a tonne on Monday, up 8% since the start of October.
 
The rally was triggered by Beijing’s decision to limit coal mines' operating days to 276 or fewer a year from 330 before as it seeks to restructure the industry. Safety closures and weather related supply curbs in China and Australia only added fuel to the fire.
 
Iron ore also enjoyed renewed interest adding nearly 4% this week to trade at $56.50 a tonne on Tuesday. The price of iron ore is up 32% this year and like coking coal the resurgence comes against expectations of further declines as Chinese steelmaking peak after three decades of growth.
 
In 2011 floods in key export region in Queensland saw the coking coal price touch $335 a tonne. The iron ore price peaked in February that same year at $191.50 a tonne. Despite iron ore rally, the iron ore/coking coal ratio is now at its lowest level this century after peaking at 1.2x during 2010.
 
 
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Self-driving car tested for first time in UK in Milton Keynes www.theguardian.com

A driverless car has been tested for the first time on UK streets in the latest development in self-driving technology in Britain.
 
The trial saw a two-seater LUTZ Pathfinder travel 1.25 miles (2km) through pedestrianised areas of Milton Keynes, reaching speeds of up to 15mph while having to cope with walkers and cyclists for the first time. A driver was on board to take over in case of emergency.
 
The cars, built by Transport Systems Catapult (TSC), used virtual maps of the Buckinghamshire town to navigate the area around the train station and business district.
 
Google and Uber have tested autonomous vehicles on American roads, but previous UK trials have involved a human manually operating the vehicle.
 
Although fully automated cars are not expected to be in use in the UK for about 10 years, the government is keen to ensure that Britain is at the forefront of developing driverless technology.
 
Earlier this year, ministers launched a consultation on changes to motor insurance rules and the highway code. This is aimed at allowing self-driving cars to be on the roads by 2020.
 
The business secretary, Greg Clark, said: “The global market for autonomous vehicles presents huge opportunities for our automotive and technology firms.
 
“The research that underpins the technology and software will have applications way beyond autonomous vehicles.”
 
A computer on board the vehicle senses the surrounding environment with cameras and lidar, a similar system to radar that uses light from a laser, to avoid accidents.
 
The demonstration marks the end of 18 months of development by TSC, a not-for-profit research organisation funded by a combination of public money and private sector investment.
 
TSC said the Milton Keynes trial had been a success and the vehicles had operated as expected.
 
The test was also designed to gauge the public reaction to the technology and begin work on the regulatory architecture that will govern autonomous vehicles.
 
TSC said it had worked with Milton Keynes council on safety planning and hoped that the trial showed driverless vehicles could be used for transportation in other towns.
 
“Driverless vehicles are coming to Britain and what we have demonstrated today is a huge step on that journey,” said Neil Fulton, the TSC programme director.
 
He said successful tests in Milton Keynes would pave the way for further research and trials participated in by UK universities and small businesses.
 
The software in charge of the vehicle, Selenium, was developed by scientists, mathematicians and engineers from the Oxford Robotics Institute, through a company called Oxbotica.
 
Driverless car tests have had mixed results in the US, where the technology is further developed than in the UK.
 
Uber has raced ahead of its competitors, deploying Ford Fusions in Pittsburgh, Pennsylvania, which do not require hands on the wheel, as part of the company’s regular taxi service.
 
It is also developing a driverless car in partnership with Swedish carmaker Volvo.
 
But electric car company Tesla raised concerns about the implications of driverless vehicles in May, after one of its cars using autopilot mode was involved in a fatal crash.
 
Last month, a Google self-driving car collided with another vehicle after the latter ran through a red light.
 
Ministers want the UK to be a world leader in the driverless vehicle market, which could be worth £900bn by 2025, according to a KPMG study.
 
In the budget in March, the then chancellor George Osborne said self-driving cars could be tested on British motorways next year.
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Apple's iPhone 7 allegedly explodes in China www.chinadaily.com.cn

While the explosion of Samsung Galaxy Note 7 is not far behind us, a video of an iPhone 7 exploding in China surfaced online on Monday, The Paper reports.
 
In the video, a man from Zhengzhou, central China's Henan province, said that his rose-gold iPhone 7 suddenly exploded as he was shooting a video with it last week. The phone exploded into two parts and left his hands swollen and his face with some injuries.
 
Unlike the Galaxy Note 7's explosion, which smoked excessively after burning, this iPhone 7 exploded leaving no burn marks, and the battery remained in good condition.
 
Apple China reported the incident to its headquarters, says The Paper.
 
This is the first known iPhone 7 explosion in China, but it was not an isolated incident within the world. An iPhone 6 Plus in California, US, exploded with black smoke as it was charged and the phone was completely, the ABC News reported.
 
Earlier this week, an iPhone 6 Plus belonging to Darina Hlavaty, an American student, burned suddenly during a class, leaving a burnt hole in her jeans.
 
For now, there is no evidence that these are isolated incidents and will not happen again. Apple Inc has not disclosed the measures it will take to resolve this issue.
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Samsung shares slide further after Note 7 crisis www.bbc.com

Shares in Samsung fell further on Wednesday after the smartphone maker said it would scrap production of its flagship Note 7 model.
Shares fell 3% at the open, adding to Tuesday's 8% fall.
The company has seen more than $20bn wiped off its market value in two days.
The Note 7 was recalled over exploding batteries in September but as new phones showed the same problems, the South Korean firm has now scrapped the device entirely.
The drop in shares marks a one-month low for Samsung as concerns grew that the current crisis will go beyond the costs of the recall and affect the brand's overall reputation.
Analysts are suggesting the Note 7 crisis could cost Samsung in the long run, particularly coming just as rivals, including Google and Apple, have announced new high-end smartphones.
The Note 7 had been seen as the main rival to Apple's new iPhone 7 model. Samsung's woes have sent Apple's shares to a 10-month high.
In September, Samsung recalled around 2.5 million phones after complaints of exploding batteries.
It later insisted that all replaced devices were safe. However, that was followed by reports that those phones were catching fire too.
But on Tuesday, the company said it would permanently cease production of the device and urged owners to turn it off.
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