G.Zandanshatar meets country representatives of World Bank and Asian Development Bank www.montsame.mn

Ulaanbaatar/MONTSAME/ Last Friday, G.Zandanshatar, Chief of the Cabinet Secretariat of Government, met with Jean-Pascal N.Nganou, World Bank’s Acting Country Manager and Senior Economist for Mongolia.

Large silver deposit discovered in central China www.rt.com

One of the world’s largest silver producing countries, China, has announced the discovery of a huge deposit with estimated reserves of at least 1,500 tons.
The deposit was discovered by geologists in Henan Province. It is part of the Zhonghe deposit area, which boasts 280,000 tons of lead and 320,000 tons of zinc, according to the Henan Bureau of Geo-exploration and Mineral Development.

China bans most iPhone sales after granting Qualcomm an injunction against Apple www.cnn.com

New York (CNN Business)A Chinese court has banned the sale and import of most iPhone models in a stunning decision amid the trade war between the United States and China.

The ban does not cover the new iPhone XS, iPhone XS Plus or iPhone XR, which were not yet available when Qualcomm filed its lawsuit. The phones covered by the ban make up about 10% to 15% of current iPhone sales in China, according to Daniel Ives, analyst at Wedbush Securities.
The court granted a pair of preliminary injunctions requested by Qualcomm, an American microchip maker. Qualcomm claims that Apple violates two of its patents in the iPhone 6S, iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone X. The patents allow people to edit and resize photos on a phone and to manage apps by using a touchscreen, according to Qualcomm.
The practical effect of the injunction is not yet clear. The ruling was announced publicly Monday but put into effect last week, but Apple said in a statement that all iPhone models remain available in China.

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"If Apple is violating the orders, Qualcomm will seek enforcement of the orders through enforcement tribunals that are part of the Chinese court system," Don Rosenberg, general counsel for Qualcomm, said in a statement.
Apple accused Qualcomm of playing dirty tricks, including asserting a patent that had already been invalidated by international courts, and other patents that it had never before used. Apple said it will pursue a legal response in court.

"Qualcomm's effort to ban our products is another desperate move by a company whose illegal practices are under investigation by regulators around the world," Apple said.
Apple on Monday filed a request for the court to reconsider its decision. Qualcomm applauded the ruling, saying Apple owes it money for using its technology.
"We deeply value our relationships with customers, rarely resorting to the courts for assistance, but we also have an abiding belief in the need to protect intellectual property rights," Don Rosenberg, general counsel for Qualcomm, said in a statement. "Apple continues to benefit from our intellectual property while refusing to compensate us."
Investors were mostly unmoved. Apple's (AAPL) stock closed up nearly 1% Monday. Qualcomm's (QCOM) stock rose 2%.
Shock ruling adds to threat of trade war escalation
The ruling was a surprise. Product injunctions are rarely granted, and China was widely expected to reject Qualcomm's request for a ban.

Although it's impossible to know whether politics played a part in the decision, China and the United States are embroiled in a tit-for-tat trade war that threatens to boil over. Technology is at the heart of the clash between the two countries.
Days after President Donald Trump and President Xi Jinping agreed on a 90-day trade truce, Canada announced that it is holding for extradition to the US the chief financial officer of Huawei, China's biggest telecommunications company. A bail hearing for the Huawei CFO, Meng Wanzhou, continues Monday.
If the countries can't come to terms on a lasting agreement by the end of the 90-day window, Trump has threatened to impose tariffs on essentially all Chinese exports to the United States that are not already subject to import taxes.
Global battle between tech giants
Apple and Qualcomm are suing one another in courts across the world. Billions of dollars are at stake, and each side has claimed some victories.

In 2017, Apple sued Qualcomm for $1 billion after the chipmaker stopped paying for the exclusive right to put its chips in iPhones. Qualcomm withheld its payments after the European Union began investigating them. The EU ultimately deemed the payments illegal, and In January 2018, the European Commission ordered Qualcomm to pay a $1.2 billion fine over the issue.
Apple and Qualcomm are also suing one another in several separate patent disputes. Qualcomm has asked a US federal judge to ban the sale of iPhones in one case. In June, a judge in the International Trade Commission found that Apple had violated one of Qualcomm's patents related to battery-saving technology.
In July, Qualcomm said Apple would no longer include its modems in iPhones. Qualcomm cut its profit forecast after the announcement.

MNCCI awarded ISO 9001:2015 certification www.montsame.mn

Ulaanbaatar /MONTSAME/ The Mongolian National Chamber of Commerce and Industry (MNCCI) was awarded with the ISO 9001:2015 certification, certified by SGS company on December 6. Present at the ceremony were Foreign Minister D.Tsogtbaatar, Head of the Mongolian Agency for Standardization and Metrology (MASM) G.Gantumur, Board Members of MNCCI, businesspeople as well as executives and all staff of the national chamber. SGS is a multinational company headquartered in Geneva, Switzerland which provides inspection, verification, testing and certification services. It has 840 branches and over 320 laboratories in some 140 countries worldwide.

Carlos Ghosn: Former Nissan chair charged with financial misconduct www.bbc.com

Japanese prosecutors have charged former Nissan chairman Carlos Ghosn with financial misconduct, Japanese media report.

Consultative meeting of Foreign Ministries of Mongolia and Russia held www.montsame.mn

Ulaanbaatar /MONTSAME/ The 16th consultative meeting between the Ministries of Foreign Affairs of Mongolia and the Russian Federation was held in Moscow on December 7.

Prime Minister to visit Japan on December 12-16 www.montsame.mn

Ulaanbaatar /MONTSAME/ Prime Minister U.Khurelsukh is to pay a visit to Japan on December 12-16. This year, the Government head visited the Republic of Korea, the People’s Republic of China and the United States of America.

China summons US, Canadian ambassadors in 'strong protest ' over Huawei CFO's arrest www.cnn.com

The Chinese Foreign Ministry is summoning the US and Canadian ambassadors in protest over the detention of a Huawei executive in Vancouver, describing it as "lawless" and "extremely vicious."

The tech giant's chief financial officer, Meng Wanzhou, was arrested December 1 and faces extradition to the United States, where she is accused of helping Huawei circumvent US sanctions on Iran.
In a statement on Sunday, China's vice minister of foreign affairs, Le Yucheng, said the US ambassador to China, Terry Branstad, is being summoned over Beijing's "strong protest against the US's unreasonable direction to Canada of detaining the Huawei executive." Le said China would like the United States to revoke the arrest warrant against Meng and allow her to be freed.
In a statement Saturday summoning Canadian Ambassador to China John McCallum, Le said Meng's arrest "severely violated the Chinese citizen's legal and legitimate rights and interests, it is lawless, reasonless and ruthless, and it is extremely vicious."

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The statement also warned Canada of "serious consequences" if it doesn't release Meng.
China strongly urges Canada to "release the detainee immediately and earnestly protest the person's legal and legitimate rights and interests, otherwise it will definitely have serious consequences, and the Canadian side will have to bear the full responsibility for it," Le said in the statement.

Meng is believed to have helped Huawei circumvent US sanctions on Iran by telling financial institutions that a Huawei subsidiary was a separate company, Canadian prosecutors said at a hearing Friday to determine whether Meng should be released on bail.

Her lawyer said that she has ties to Canada and is not a flight risk. The judge, after hearing arguments from Meng's lawyer and prosecutors, did not rule on bail. The hearing will resume Monday at 1 p.m. ET.
Previously, details surrounding why Meng, 46, had been detained were limited due to a press ban. A judge had accepted Meng's request to bar both police and prosecutors from releasing information about the case prior to the hearing. The ban was lifted on Friday.
A judge in the US District Court for the Eastern District of New York issued a warrant for Meng's arrest on August 22, it was revealed at the hearing Friday. She was arrested on December 1.

Earlier this week, Huawei said Meng was detained by Canadian authorities on behalf of the United States when she was transferring flights in Canada.
In a statement after Friday's hearing in Canada, Huawei said: "We will continue to follow the bail hearing on Monday. We have every confidence that the Canadian and US legal systems will reach the right conclusion."

The company has said it was "not aware of any wrongdoing by Ms. Meng" and that it "complies with all applicable laws and regulations where it operates."
In addition to her role as CFO, Meng serves as deputy chairwoman of Huawei's board. She is the daughter of Huawei's founder, Ren Zhengfei.
Meng's attorney said she would not breach a court order because doing so would embarrass her personally, and would also humiliate her father, Huawei and China itself. He added that the case against Meng had not been fully laid out, even though the US had signed off on her arrest warrant months ago.
"This isn't some last minute thing," he said.
Meng did everything she could to be transparent with Huawei's banking partners, and the company always worked to ensure its compliance with sanctions law, her lawyer continued.
Arrest came as US and China reached trade truce
Huawei is one of the world's biggest makers of smartphones and networking equipment and one of China's best-known companies. It is central to the country's ambitions to become a tech superpower.

But concerns that Huawei devices pose national security risks have hurt its ability to grow abroad.
The company has been repeatedly singled out by officials in the United States. US intelligence agencies have said American citizens shouldn't use Huawei phones, and US government agencies are banned from buying the company's equipment.
Huawei is a "bad actor," White House trade adviser Peter Navarro told CNN on Friday.
Navarro admitted that is was "unusual" that Meng's arrest came just as US President Donald Trump and Chinese President Xi Jinping reached a trade truce in Argentina, but said the government's actions are "legitimate."
"Let's look at what the indictment says and let the [Justice Department] do its thing," he said.

Gazprom kicks major Arctic gas field into maximum overdrive www.rt.com

Russian gas major Gazprom has launched the final unit of a major national gas field in the Arctic that is projected to produce for more than 100 years.
It took the company 10 years to build the whole infrastructure in the harsh northern conditions. The unique Bovanenkovo oil and gas condensate field will now be able to work at full capacity, increasing it to the target level of 115 billion cubic meters of gas per year. This is almost half of what Gazprom provides for the domestic market and almost half its exports, according to Russian President Vladimir Putin.

Fuel prices reduced in Mongolia www.news.mn

The price of fuel imports from Russia have finally started to fall. The decrease began at the beginning of the month. This is also reflected on the global markets where the cost of a barrel of oil price has also fallen.