1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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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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Russian court rejects Google appeal against antitrust fine www.rt.com

A Moscow court has rejected an appeal from Google against the $6.75 million fine imposed on the company by Russia's Federal Antimonopoly Service (FAS).The FAS fined the US tech firm for forcing smartphone producers to pre-install its services on gadgets and not allowing third-party services, such as Yandex’s search facility, to be pre-installed on Android-run devices. Yandex, Google’s rival on the Russian market, had filed a lawsuit in 2015.
 
“Leave the court's decision unchanged, the complaint is turned down,” said the court decision.
 
Last Thursday, the FAS imposed a 438-million-ruble ($6.75 million) fine on Google.
 
On Tuesday, the watchdog said it had failed to reach a settlement with the American tech giant.
 
According to the FAS, it is waiting for "fair conditions for effective competition in the rapidly growing market for mobile applications."
 
The watchdog demands that Google remove the obligation to pre-install its services such as Google Maps, Gmail, Chrome and to pre-set Google as the default search engine on Android-run devices.
 
Google retains the right to appeal the decision to a higher court, said FAS spokeswoman Anna Orlova.
 
Google services are used by 20.5 million Russians every month, while Yandex has 20.4 million users. However, Yandex is more popular as a homepage (12.3 million), while Google is only in third place, with 11 million users, behind social network VK.com’s 12.1 million.
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Lenovo quarterly profit rises 64% despite 'challenging' industry www.bbc.com

The world's biggest personal computer-maker, Lenovo, said first-quarter earnings rose 64% to $173m (£132m), beating market expectations.
The Chinese firm said its PC business had delivered "strong profits" despite a slowdown in the overall market.
However, revenue fell by 6% from a year earlier to $10.1bn in the three months to June.
Lenovo attributed that to the "challenging" environment and the decline in China's currency.
The Chinese firm has been aggressively cutting costs and investing in new growth areas such as cloud computing.
"Our PC business delivered strong profits and our smartphone business stabilised compared to last quarter," Lenovo chairman and CEO Yuanqing Yang said in a statement.
"Although the macro-economy and our industries remain challenging, causing a decline in our revenue, we significantly improved our profit year-on-year through innovative products and strong execution," he said.
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Kiev estimates damage from Kremlin trade restrictions at $1bn www.rt.com

Ukraine's economy will lose nearly $1 billion this year due to Russian trade restrictions, according to the country's deputy economy minister, Natalya Mykolska.“Speaking in terms of year-to-year losses due to extended restrictions on transits to Kazakhstan and Kyrgyzstan, we will lose $400 million with GDP losses of 0.3 percent,” Mykolska said.
 
The deputy minister stressed that the department has estimated only direct losses, not considering the revenues lost by Ukraine’s carriers, package makers and logistics sector.Ukraine’s exports to Russia have shrunk by 36.2 percent within five months compared to the same period a year ago, according to Mykolska.
 
“Exports to Kazakhstan started falling in January with May statistics revealing 46.2 percent drop, or $136.4 million,” the official added.
 
Kiev is reportedly developing alternative cost-cutting plans to deliver Ukrainian goods to Kazakhstan and Kyrgyzstan, as ferry services turned out to be unprepared for sizable cargoes.
 
Kremlin introduced an embargo on Ukrainian food products on January 1, 2016, after Kiev joined the anti-Moscow sanctions imposed following Crimea’s reunification with Russia. Last month, President Putin extended the measures till the end of 2017.Russia also imposed temporary restrictions on the transit of Ukrainian goods via its territory to Kazakhstan and Kyrgyzstan.Kiev introduced mirror measures against Russia and appealed to the World Trade Organization, urging Moscow to lift the restrictions.
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Japan shares fall as exports mark a tenth monthly decline www.bbc.com

Japanese share markets are falling after data showed exports fell for a tenth consecutive month and continue to drag on economic growth.
Overseas shipments dropped 14% in July from a year earlier, missing economist estimates for a 13.7% decline. Imports fell 24.7%.
Japan's trade surplus shrunk marginally to 513.5bn yen ($5.2bn;£4bn).
The benchmark Nikkei 225 opened 0.6% lower to 16,649.91 while the broader Topix index shed 0.7% to 1,302.29.
The export and import drops were the sharpest since 2009 and is mostly the result of the stronger exchange rate, according to Capital Economics.
"Looking ahead, we expect the yen to weaken against the dollar towards the end of the year, so the annual growth rates of export and import values should start to recover in coming months," its senior Japan economist Marcel Thieliant said.
"But with external demand sluggish, trade volumes are unlikely to stage a strong rebound."
Other Asian markets are also trading lower after Federal Reserve minutes diminished expectations of an interest rate increase next month.
Australia's S&P/ASX 200 fell 0.3% and futures indicate lower opens in Greater China.
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What Brexit? UK jobless rate falls to 11-yr low www.rt.com

The number of unemployed Britons fell by 52,000 to 1.64 million in July as the country’s labor market showed no signs of adverse effects from the vote to leave the European Union.The unemployment rate remained at 4.9 percent in the three months to June, according to official data released by the Office for National Statistics (ONS) on Wednesday.Average earnings grew 2.4 percent compared with a year earlier, with total pay excluding bonuses rising 2.3 percent, the ONS reports.The latest data also shows that the claimant count – which measures the number of people claiming for unemployment-related benefits – fell by 8,600 against a previously projected 9,500 increase. Overall, 172,000 people joined the workforce during the period covered.
 
The unemployment data followed Tuesday’s inflation rate update which revealed consumer prices index (CPI) growth was a higher-than-expected 0.6 percent in July.
 
Data published by the agency last month showed the unemployment rate in the UK was lower in the three months to May, reaching 4.9 percent – the lowest since 2005 with average wages rising 2.3 percent year-on-year.The unemployment level, seen as one of the major indicators of Brexit-vote impact on the country’s economy, will be continuously observed by the economists in the coming months. According to analysts, the full effects of the historic decision on employer confidence and hiring prospects are still to be seen.
 
The pound sterling posted brief gains following the announcement, reaching 1.3069 against the US dollar.
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Cisco to cut up to 5,500 jobs www.bbc.com

US tech giant Cisco Systems is cutting up to 7% of its global workforce, or 5,500 jobs, starting this summer.
A report had suggested earlier in the day that the firm could cut as many as 14,000 jobs worldwide.
Cisco said it was taking the "decisive" move so it could reinvest in faster-growing areas such as security and cloud computing.
The US company employs about 70,000 people globally, with around 5,000 in the UK.
"Today's market requires Cisco and our customers to be decisive, move with greater speed and drive more innovation than we've seen in our history," the company said in a statement.
Cisco plans to reinvest the money saved from the job cuts in "key priority areas" for the company, including developments in the "internet of things" (connecting everyday objects to the internet), next generation data centres and cloud computing technology.
Acquisitions
Cisco's traditional business of selling network switches and routers has struggled in recent years as demand from telecom carriers has fallen and competition from other suppliers has increased.
In the fourth quarter revenue from the router unit fell 6%, while revenue at the switch unit grew by only 2%.
The company has focused more of its attention on its firewall business that offers computer protection software.
It has also devoted more resources to acquiring other businesses. In the last year Cisco has purchased 10 companies, many of which offer cloud-based services to connect or secure internet enabled equipment and devices.
Overall, Cisco reported a $2.8bn (£2.1bn) profit for the fourth quarter, up 21% from the same time last year.
It is the second tech giant this year to announce major layoffs.
In April, competitor Intel announced it was cutting 12,000 jobs or 11% of its global workforce.
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Eastern Europe wants countrymen back as emigrant tide hurts GDP www.rt.com

Twenty-one countries in Eastern and Central Europe want their citizens to return from abroad as emigration has led to a 7 percent drop in GDP. According to the IMF, the figure could grow to 9 percent if the trend continues.
Countries such as Latvia, whose population has been falling since the early 1990s due to low birth rates, have seen hundreds of thousands of people emigrate. After Latvia joined the European Union in 2004, many people left the country to seek a better life in the bloc’s more prosperous states.
 
Overall, the Baltic region has been hit most by the trend. Latvia and Lithuania have seen 0.6-0.9 percent of their GDP shaved off annually by emigration.
 
According to the IMF, Eastern European migrants’ education levels tend to be higher than their home country averages.
 
This has inspired a Latvian institute to launch the ‘I want you back’ campaign, inviting Latvians to tell their relatives and friends abroad they are welcome to return to the country."The initiative concerns our relationships with our relatives, friends and people close to us that are abroad, and [aims to] tell them clearly and directly – ‘I want you back,’” the initiative’s leader, Aiva Rozenberga, told national radio.
 
Latvian residents are being encouraged to use the hashtag #GribuTeviAtpakaļ (“I want you back” in Latvian) on Twitter and other social networks.
 
“The diaspora living abroad represent a huge untapped potential for their countries of origin,” Lithuania-based economist Rokas Grajauskas, working for Danske Bank, told Bloomberg.
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UK jobless total falls to 1.64 million www.bbc.com

The UK unemployment total fell by 52,000 to 1.64 million between April and June, official figures have shown.
The UK's unemployment rate remained at 4.9%, the Office for National Statistics (ONS) said.
The ONS figures also showed the number of people on the claimant count in July - the first month since the Brexit vote - was 763,600, down 8,600 from June.
Wages including bonuses rose 2.4% in the three months to June compared with a year earlier, the ONS said.
Excluding bonuses, earnings growth was 2.3%.
"The labour market continued on a strong trend in the second quarter of 2016, with a new record employment rate," said ONS statistician David Freeman.
"However, little of today's data cover the period since the result of the EU referendum became known, with only claimant count and vacancies going beyond June - to July for the former and to May-July for the latter," he added.
The jobless total is now at its lowest for eight years, while the unemployment rate is at its lowest since the summer of 2005, according to the Office for National Statistics (ONS).
The employment rate reached a record high of 74.5%, with 31.8 million people in work in the three months to June - 172,000 more than the previous quarter.
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The world's worst performing currency right now is Mongolia's www.bbc.com

Even Genghis Khan himself might find it hard to conquer this battle.
Mongolia's currency is on its longest losing streak on record as the government grapples to contain an economic crisis.
Back in 2011, a mining boom helped make it the world's fastest-growing economy with a gross domestic product of around 17.5%.
But the tugrik lost about 7.8% of its value this month, making it the world's worst-performing currency, says Bloomberg data.
It's been a rapid descent from grace for the central Asian nation, which neighbours China and Russia.The landlocked country has substantial untapped reserves of valuable minerals like gold, copper and coal.
But then commodity prices collapsed. And so did demand from China, which buys 90% of Mongolia's exports.
The government has since admitted that the country is "in a deep state of economic crisis".
Finance Minister Choijilsuren Battogtokh said in a nationally televised address last week that they weren't able to afford to pay civil servants or the military.Debt crisis
Making matters worse has been the government's inconsistent approach to investment laws and mining agreements, causing many foreign firms to rush for the exit.
Foreign direct investment in Mongolia plummeted by 85% since 2011 to the first quarter of last year, according to the US State Department.
The populist Mongolian People's Party won power in elections earlier this year after the public lost confidence in the long-ruling Democratic Party over its mishandling of the economy.
However it looks like a hard road ahead for Prime Minister Erdenebat Jargaltulgameans.
Due to its cash shortage, Mongolia has borrowed massively and now owes dinosaur-sized interest payments of a debt load of nearly $23bn.
This has fuelled speculation that Mongolia could face a sovereign default or need a bailout.
Funnily enough, a delegation from the International Monetary Fund arrived in the capital Ulaanbaatar today.
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Ford to unveil driverless vehicle in 2021 www3.nhk.or.jp

US automaker Ford Motor Company plans to unveil fully automated driverless vehicles in 2021.
 
Ford on Tuesday announced investments in 4 startup companies specialized in mapping and sensor technologies for vehicles with no steering wheel or pedals. Ford said it will sell its first driverless vehicles to commercial ride-sharing services.
 
The automaker plans to increase staff at its research center in California. It also plans to have about 90 prototype vehicles ready for road testing next year.
 
Automakers around the world are competing to develop driverless vehicles, which could help reduce accidents and ease traffic jams.
 
Other industries have joined the race too. US-based Google has announced plans to market its own driverless vehicle.
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