bloomberg, mongolia. >> right.and's latest growth numbers, and nine months after the military coup. this is "on the move." ♪ >> thousands of people rallied in the center of athens after what is being described as a day of reckoning over the greek that, and it was a sure of support -- show of support for the finance minister who is looking for a bridge loan and more time to formulate a strategy. and a willingness to compromise. and car recalls have spread to korea. about 60,000 cars for a variety of potential problems. it includes a hybrid produced from 2013 until last year that may have a faulty brake light system. there were trucks built between 2013 -- there is an issue when a driver steps on the brakes. and not ready to come off of the medicine just yet, but the patient is healthy, growth of two point 2%, with inflation below estimates. the weakness of the currency and japan continues to boost consumption -- i should say is struggling to boost consumption at home. and gdp numbers from thailand growth coming in a

. >> investors in mongolia have had little to cheer about recently. has been called in to help fix the economy. foreign executives have been accused of tax evasion. even so, porsche thinks now is the right time to enter the market. we have been for a test drive. >> gleaming wheels and german engineering. mongolia traditionally conjures forces -- courses s, not engines. >> the decision was made to come and cater to those customers that want to be in service .roperly even though the economy wasn't what it was, we are still committed to a long-term future. is only 50it customers. >> those 50 customers need to be taken care of. the road network in mongolia has grown massively in the last three or four years. they have lots of new roads that have been constructed and they are much, much better. the mongolian markets cater to the road conditions. so this is custom-made for mongolians. >> there is a mongolian specification we order from the cars to equips be usable for this market. >> where do you picture porsche mongolia five years from now? picture the mos

and as part of the trade pact japan and mongolia are solidifying business ties. prime minister includes a japanese consortium that reveals a japanese company will likely development a project in mongolia. the prime minister spoke with nhk. this is the first overseas trip since he took office in november. he said a group including japan's sumitomo corporation is expected to win the bidding for one of the largest projects in the world. the international bidding was made public in 2010. >> translator: mongolia's rich mineral resources will be a compliment to japan's advanced technologies. i'm sure we can build a good relationship with each other. >> saikhanbileg hopes the signing will create a better environment for japanese investors. >> translator: our aim is not only developing mineral resources, but also expanding our economic opportunities. >> the prime minister added he wants to expand cultural exchange between the countries. >>> in other news, honda motor is gearing up for its first formula 1 motor race in seven years. the japanese automaker has unveiled the

southgobi could be forced into bankruptcy after avoiding tax in mongolia.dants worked there between five and six years. they were fined $18 million. they were one american and two philippines. finance minister in greece has set a deadline for an international bailout. eurozone members have indicated that they would be willing to offer athens a longer debt repayment. . president obama is going after corporate earnings. he was a 19% minimum tax on money made in companies overseas. he is expected to announce a plan on tuesday. it could raise more than half $1 trillion over 10 years. it would fund infrastructure projects. 12 countries have eased rates since the beginning of this year alone. by the end of the day tomorrow there could be two more. >> rba. let's start with australia. we could see them cut rates according to analysts. there is more than a 50% chance that they will cut. that will come after 17 months of pause on central-bank action. if they don't do tomorrow, there was still an 88% chance that they will cut a march. we have seenn australia grow. con

the devaluation has forced mongolia to import. positive trait balance for the first time in a decade. 1.6 billion u.s. dollars is enough to supply imports for five months. the prime minister is expected to sign a partnership agreement later today or tomorrow. the imf delegation will not meet prime minister or the central bank governor until they returned from a visit in japan. until then, the main economic indicators will take place. much for that. still to come, where can you find the world's most sustainable living? some of the top places to live are in asia. we will take a look at the winners and losers. stay with "first up." ♪ >> welcome back. you are watching "first up." i am angie lau. checking some bloomberg world news headlines for you now. the australian prime minister tony abbott has defeated a leadership challenge to remain in control of the government. the so-called spill motion triggered a leadership ballot. votes amongst his fellow liberal lawmakers supported him and the challenge collapsed after just 16 minutes. abb

mongolia has been forced to import less.re is a positive trade balance for the first time in a listed decade. the federal reserve stands at 1.6 billion u.s. dollars, enough to satisfy imports for five months. the prime minister is expected to find a partnership in -- agreement with japan. until then, technical meetings focused on updating the main economic and it -- indicators are set to take place. >> trying to revive growth. so len singapore have taken top honors in a new report on the world's most sustainable cities. but hold the champagne, they are home to some of the worst performers. why hong kong is getting a cheer while jakarta is getting a thumbs down. >> jakarta has one of the fastest-growing urban populations in the world. according to consultants, the city is not keeping up. it ranks jakarta 45th in sustainability. jakarta is relative to air quality and literacy, among others. clean water, especially in slums, nearly 40% of households in jakarta do not have access to safe water for cooking and drinking. under the

mongolia has problems as a result of commodity prices. >> interesting.hank you for that looked at business. time now for the press review. hi nick. a lot of papers on reacting to this news of this jordanian pilot being burned alive. >> let's turn to one of the papers in the middle east, a paper based in lebanon. it shows a photo in front of the blue mosque in istanbul with the headline, "thtee islamic state." the pure barbarism. that picture goes with the comment in the main article. the killing and these horrific conditions represents a new level of terror. other papers are showing the pictures of him and the pictures of the video, i made widespread revulsion. >> you look at an arab-language paper. >> this is a cartoon in a paper in london. it says in its visual take, conveying that sense of monstrosity. we see a militant lighting the fuse that goes into the cage. that is a fuse the lights a fuse for missiles and rockets pointed toward the islamic state. a major response reallly, being lined up. that is very much the position for jordan, which has hange

the dust storm started in mongolia and picked up some toxins along the way as it moved into the korean this dangerous yellow dust our meteorologist, pedram javaheri, joins us now. it's not a term that we use often, but is this common in south korea? yellow dust every year? >> every spring is kicks in. the city takes this seriously. in marine years they've -- in recent years, they've cracked down on barbecuing and barbecue restaurants in seoul which there are 10,000 of. they're saying they're subsidizing filters for these restaurants, bath houses also popular. and they're saying that the barbecue joins, ten thoish contribute to 1/40 of the pollutants. any little way they can remove pollutance -- >> i've always loved korean barbecue. now you're making me think it's dangerous. >> a little bit. they're trying to help with the cause. they're putting 70,000 trees, the sew city government spent this $50,000 in 2009 and planted. 70,000 trees in portions of mongolia. 500 miles west or so of beijing help inhibit plautance making their way to this part of the world. still, with a strong storm sys

it's coming from the deserts in mongolia northern china. blowing over here.f the winds like today are not particularly high, then it takes some time to clear. this came over the weekend. it's now monday morning local time. it's taken a couple of years to get here. the meteorological agency said it could be later today, even tuesday in areas before it starts to clear. what they need? some hefty wind to try and clear this away. there's really very little that south korea can do locally. this isn't like locally created pollution that they can try and cut down. there's simply nothing they can do. they simple have to warn the citizens to be careful when they're going outside. >> we'll have more that in a moment. but another round of brutal winter weather is hitting more than half the united states from minnesota to massachusetts. arctic wind will make it tough to head outside. and you you can see drivers in colorado already having trouble with the icy roads there. even parts of texas will be covered with ice. sleet is expected in the dulles/ft. worth area, and rig

no quarrel with mongolia here. if you took a poll. i think they are pumped about this in mongolia. what characterizes them? >> [indiscernible] >> absolutely. so one of the great continuities in eurasian history is you have these guys who live on the steps of eurasia. they get horses and that enables them to be these formidable mounted people. they don't have guns, but they have compound bows. they will have 12 horses at a time. you see these alternations and eurasian history between the power and the step nomads, and the settled people who always have to deal with this. presents to the north. any idea when the step nomads are done as a feature of eurasian history? when they're no longer a threat? go ahead. >> [indiscernible] >> even earlier, actually, the 18th century. china launches an expansion to the west. and basically destroyed the major step, nomad empires. the point i want to get across is this feature of eurasian history in the 1700s. china is not worried about the step nomads after the 1800s. if you look at this in the broadest perspective, it is exactly the moment that a

>> in other news, southgobi could be forced into bankruptcy after a tax evasion investigation in mongolia. the three arrested employees face up to five to six years in prison. there is no evidence to support the verdict. they will appeal. greece is going cold turkey on a. id. the government is still counting on a bail out from ecb. members have indicated they would be willing to offer support. greece has rejected them. president obama once a 19% minimum tax on money made by u.s. companies overseas. he is set to announce the plan on tuesday along with a 14% levy on offshore profits. it could bring more than half $1 trillion over 10 years. you can get more on that and all of these top stories at our new destination, bloomberg business. it brings together the best of television and news in one address. that is bloomberg.com. the super bowl has now wrapped up. the patriots have one in a last-minute touchdown. >> tom brady has surpassed joe montana with the most amount of touchdowns in super bowl history. he now has 12. the new england patriots, two minutes ago, a touchdown. the score, 28-24.

they have the largest copper supply in mongolia that they haven't started mining, but these stocks are naturally volatile. a little it he is not what equity investors are looking for. they are looking for the opposite. it is going to be quite a while. >> a final question. if i gave you the choice, energy companies or the minors? >> at the moment minors. energy companies are still adjusting to the lower oil prices. >> jerry is going to stay right here with us. up next, the german chancellor meets for the first time with the great prime minister as he pushes for a contract. is there a compromise on the horizon? futures were higher. equities in london falling by a half of 1%. getting a nice lift as gdp figures come in in germany, crushing estimates growing .7%. france pretty much does nothing, growing 0.1%. we will bring you the numbers from italy after the break. stay with us. >> live from the city of london. we haven't really talked about greece yet. here it is. they will have to continue the bailout. joining us for more is hans nichols. a weeks worth of meetings. you can guarantee they

it's rob, and the front across mongolia causing son kern. >> there's interesting weather. we n don't go to this part of the world. almost nothing except for a streak of cloud. more importantly it's where it's going. because it's heading towards that area. the temperature drops down to minus 40. the two are the same at that level. that's a cold place on earth. it changes. it leaks out, across the sea of chappan. you might guess the roult. when it gets to that position it's across fairly warm waters. wump up the cloud and you get huge amount of precipitation, it's so cold and there's the low currently responsible. japan is not a stranger. it's been really knowy winter. currently on the ground. there's 14 halfway down. there's a lot more to come. not always on the mountains, but mostly thankfully >>> thank you. there's lots more to come on the newshour so stay with us. boxing by boko haram, we meet local men defending the maiduguri city of. >>> and the greek prime minister lays out his plan to ease austerity. plus... >> i'm daniel lack in yukon territory in canada where the y

it's quite high pressure here, but we have had winds strong enough to cause problems across inner mongolia. this is what we get in qatar sometimes when we get a good dust storm going so unpleasant here. that has may go graded further toward the east. these shots come from pyongyang in north korea looking pretty grim here. it's also south korea having problem with the dust. someone has taken a selfie with a pretty hazy background. there are warnings for particularly low air quality and the threat of further dust. looking at the forecast, you can see the general flow from the west nothing to suggest there would be more dust around. generally across the region, we have the low pressure giving heavy snow across the northeast of china and eastern russia. that is continue to go push away just one or two snow showers left for the northern parts of japan at the moment. as we move on through towards wednesday, you can see that largely clears away. i think we'll see an end to the blowing sand at the moment. >> thank you very much indeed. stay with us on the al jazeera news hour. we're in pakistan wh

communit ao at the meeting today, a college student from arlington who moved to the states from mongolia with his parents when he was 10. he's pursuing a finance degree at george mason university. >>> president obama's nominee to lead the defense department was grilled ab would fight isis one day after the terror group released the video that shows a pilot being burned alive. ashton carter laid out a comprehensive strategy but failed to satisfy critics. brian moore has details. >> reporter: lawmakers from both. sides of the aisle made it clear they are frustrated with the slow going fight against isis. ashton carter the pentagon insider nominated to be defense secretary had a sober assessment to defeat isis. >> the united states involvement is i believe, essential. it's necessary, but it's not sufficient. >> reporter: the extremist group's latest act of brutality burning a pilot alive was calculated. >> isis is really trying to fracture the coalition that is helping the u.s. and countries like jordan take the fight to isis. >> reporter: jordan's king abdullah received the ba o capit lobb

. >> not a lot of people are going to get to go to mongolia in their life. i've never been.e in, there's like a smoky little fire nearby, a woman making food, look around, it's beautiful. and you immediately understand it's one of these things the first time you're in it, you realize you are looking at the future. >> more virtual reality is on tap here. this gaunt virtual reality headset, slide in a smartphone is the alternative to facebook's oculus, built on the google platform. it will be demoed on stage shortly. and as you mentioned carl, twitter's co-founder and largest shareholder, evan williams takes the stage coming up and back with the headlines. >> can't wait for that. it's like the self-driving car, jon, right? so much promise, but it's clearly not where -- it's not mature yet. >> i think it's closer, though. because we've got the equivalent of self-driving bikes in this space. you have google card board, you have samsung's gear vr. oculus is able to show this to people in a way that is just more about the practicality of people taking the time to create the conten

to this day the mystery of this plane crash heading for the soviet union crashes in outer mongolia inthe chinese narrative is well they are traitors. they tried to kill the chairman, they oppose next in. they ran in. they ran in their plane ran at a gas so they all died. others are put on trial later. another story the gang of four story. a whole different vision. they have a different of how to do the hundred year marathon. and they and they commit suicide in jail or spend life in prison. so this is a life or death struggle how to do the hundred year marathon. nobody can say. several things you can't say in china today. you can't you can't say i don't want to surpassed the united states. i be happy to be a little brother forever. you can't say the dalai lama is a variant of guy. why can't why can't we invite him to beijing to let him go back for a while. as a whole series of what they call the mind of face. what you're alluding to with taiwan and other issues these very bloody power struggles part of the chinese message if you have the confucius institute and your learning chinese bu

canadian miner south gobi says it could be forced into bankruptcy unless a ruling in mongolia is reversedbi and three former employees were convicted of a charge on friday at the end of a three-year investigation. the company was fined $18 million. south gobi is partly owned by whotinto's turquoise hill says there is no evidence to support the verdict and confirmed it will appeal. china's manufacturing shrinks for the first time in more than two years. what does this mean for commodities prices? joining us is dominic schnieder. thank you so much for joining us this morning. let's talk about these numbers that came in. four out of five of these manufacturing indices fell. what was the most shocking thing out of what has happened? >> if you look at the pmi numbers, what i didn't like his large companies have also seen a sharp decline in pmi. and smallhe medium sector is in trouble, but now we see a slowdown. that tells you it is not going to be a good quarter in terms of gdp activity. china needs probably more monetary easing. >> they are talking about this monetary easing. close to 13 with

this day the mystery of this plane crash that's heading for the soviet union and crashes in outer mongoliaand the chinese narrative is they are traitors. they opposed nixon coming so they ran and their plane out of gas so they all died and others are put on trial. it's another story as you know and 76. they have a whole different division and the others in the gang of four have a different vision of how to do a 100 year marathon. they commit suicide in jail or spend life in prison. this is a life or death struggle how to do the hundred year marathon but nobody can say i mean there are several things you can't say in china today if you want to stay in the party and the government. he can't say i don't want to surpass united states. i'd be happy to be the small little brother of the united states forever. you can't say the dalai lama is a handsome guy. why can't we invite him to beijing. and let him go back to lhasa for a while. there's a whole series of what they called the nine don't face. you are alluding to with taiwan and other issues these very bloody power struggles that is part of th

to this day the mystery of this plane crash that's heading to the soviet union crashes in outer mongolia and the chinese narrative is, well, they're traders. they tried to kill chairman mao, they opposed nixon coming so they ran, their plane ran out of gas, and they all died. and others are put on trial later on. there's another story, as you know the gang of four story in '76. mao's wife and the others in the gang of four, they have a different vision of how to do 100-year marathon. and they commit suicide in jail or they spend life in prison, a couple of them have come knockout now actually. so this is a -- come out now actually. so this is a life or death struggle, how to do the 100-year marathon. there's several things you can't say in china today if you want to stay in the party or the government. you can't say i don't want to surpass the united states. i'd be happy to be the small little brother of the united states forever. no. you can't say, you know, the dalai lama is a very handsome guy. [laughter] why can't we invite him to beijing, you know? and let him go back to lhasa for a

. >> yes, all the way from mongolia, these are monday goal yan marbles.hey're absolutely amazing with incredible feats of strength. just watch. >> this you have to see it to believe it. >> okay, so, this is not my kettle bell work out at home? >> oh, these kettle bells are very, very heavy. >> nice. >> and you say there are circuses all over the world, they are one of the elite act all over the world? >> absolutely, perform in monte carl low, the largest circus festival in the world. they perform there, they place in the circus festival, and the act, so excited to develop this this year in circus extreme, ringling brothers and barnum and bailey, this act unlike any other act you will see in the world. at the very end of their act, within the show, they do a pier mid full of monday goal yan, and stack way up in the air. it is breathtaking, my jaw hits the floor every time i watch it. >> you are talking in your ringling brothers clown spokesperson. let's get real buddy watch do they eat? >> a lot of food. anything and everything. they can get their hands on