Repressed ethnic minority dread renewed persecution under second Taliban regime. Academics in Mongolia wonder if legends about “how we will go and bring our people back” could come true.
Auto fleets' shift to electric vehicles in a global drive to cut carbon emissions will involve a drawdown on copper that could transform markets, and spur additional supply.
Emerging European economies were already facing heavy debt burdens before the pandemic. Now it’s worse. Several countries in Eurasia and Emerging Europe are struggling to pay off huge loans they took from China.
The UNHCR has estimated half a million could attempt to flee Taliban rule by year-end, but Central Asia, Iran and Turkey will prove far from welcoming.
The younger half-brother of Britain's prime minister, Maximilian Johnson, has run into trouble in Mongolia. He works for a Hong Kong-based fund GRF2 that invested $19mn in a mine, but the owner has run off with the money.
Rio Tinto, which blamed ground and geotechnical conditions at Oyu Tolgoi, now has more explaining to do to the Mongolian government.
BlackRock has raised $250mn from a consortium of ten institutional investors, governments and charities for its flagship blended finance fund, which aims to help emerging market economies reduce carbon emissions.
Mongolia's most important annual festival, Naadam, has been held every year for the past 800 years, but it has been laid low by the coronavirus pandemic for the second year in a row. Naadam was cancelled on July 2.
International travellers do not arrive on a whim. Most book at least six months ahead. The country’s tourism operators have thus already lost 2020 and 2021.
Khurelsukh Ukhnaa hopes to bestride the nation as a president who gets things done. But he’ll have to overcome some big, early challenges first.
EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.