News

The Eurasian Development Bank (EDB) plans to invest between $300 mln and $500 mln in Uzbekistan’s economy in 2026, Deputy Chairman of the EDB Management Board Yaroslav Mandron said at a press conference in Almaty reviewing the bank’s 2025 performance.

Mandron noted that the bank’s project pipeline in Uzbekistan through 2028 is estimated at $1.5 bn. He added that the EDB could act as a channel to boost Uzbek exports to Commonwealth of Independent States (CIS) countries by providing investors with certain guarantees.

«Through the EDB, Uzbekistan has the potential to increase exports to...

The Eurasian Development Bank (EDB) has identified three priority projects in Uzbekistan for potential financing in 2026, Deputy Chairman of the EDB Management Board Yaroslav Mandron said at a press conference in Almaty summarising the bank’s 2025 results.

According to Mandron, one of the key projects is the Almalyk plant, with planned investments ranging from $100 mln to $150 mln. The initiative also предусматривает the construction of a polymer production complex. Discussions with the client have already taken place, and the bank is awaiting final documentation from the Uzbek government to obtain a full financing mandate.

The EDB...

A former anaesthetist has been sentenced to life imprisonment in France for deliberately poisoning 30 patients, 12 of whom died.

A court in Besancon found Frederic Pechier guilty of contaminating infusion bags with substances that caused cardiac arrest or severe bleeding. The victims ranged in age from four to 89. The youngest patient, a four-year-old child, survived two cardiac arrests during routine tonsil surgery in 2016.

Prosecutors accused Pechier of turning the clinics where he worked into places of death, saying his actions had disgraced the medical profession. He was first placed under investigation eight years ago over suspected poisonings...

FIFA is set to make its long-awaited return to video games in 2026, years after its split with developer EA Sports.

Unlike previous releases from major game studios, Netflix has secured the rights to the upcoming football title. The new game will be developed by Delphi Interactive, a studio yet to release a game, and will be available to play online via the Netflix app on iOS and Android, or on select TVs using a smartphone as a controller.

Electronic Arts ran the Fifa franchise for 30 years until 2023, when licensing issues prompted it to rename the series...

Uzbekistan’s economy is projected to grow 7.4% in 2025 and 6.8% next year, according to a report by the Eurasian Development Bank, cited by Kommersant.

Economic growth this year has been driven by domestic reforms, while the slight slowdown in 2026 is expected due to a modest decline in consumer activity.

The EDB predicts Central Asia’s economy as a whole will expand by 6.6% in 2025. Kyrgyzstan is expected to lead regional growth at 10.3% this year and 9.3% in 2026, while Tajikistan is forecast to grow 8.3% and 8.1% respectively. Kazakhstan’s GDP is projected to rise 5.9% in...

FIFA has approved a record $727 mln in prize money for the 2026 World Cup, journalist Ben Jacobs reports. Each national team, including Uzbekistan, is guaranteed at least $10.5 mln.

All squads will receive $1.5 mln for tournament preparations. Teams finishing 33rd to 48th will get an additional $9 mln.

Prize money rises with performance. Teams finishing 17th to 32nd will earn $11 mln, 9th to 16th $15 mln, and 5th to 8th $19 mln. Fourth place is worth $27 mln, third place $29 mln, the runner-up $33 mln, and the champion $50 mln.

The 2026 World Cup will...

Russian e-commerce platform Wildberries is planning to launch its own online cinema, RBC reports. The company had previously considered acquiring the streaming service Ivi but is now preparing to start the platform independently. The online cinema is expected to go live in 2026.

Sources say producer Arthur Janibekyan, founder of Comedy Club Production will oversee content for the streaming service.

Wildberries and its outdoor advertising operator Russ declined to confirm or deny the reports, stating they do not comment on rumours.

The marketplace has already expanded into other digital areas. It launched the social network Wibes, similar to...

The children of Hollywood director Rob Reiner and his wife Michele have spoken publicly for the first time following their deaths and the arrest of their brother, Nick Reiner.

Jake and Romy Reiner said on Wednesday they are enduring «unimaginable pain» after the «horrific and devastating loss» of their parents. They did not comment on the allegations against Nick Reiner.

Nick Reiner, 32, appeared in court for the first time on Wednesday and waived his right to enter a plea to two counts of first-degree murder. Their parents were found dead on Sunday at their Los Angeles...

Rosatom has delivered a new generation of nuclear fuel for the Light-Water Research Reactor (LWRR) – Special Modernization at the Institute of Nuclear Physics of the Uzbekistan Academy of Sciences, the fuel division of Rosatom reports.

The LWRR reactor is used for research in nuclear physics and radiation materials science, mineral irradiation, and the production of radioisotopes for medical and industrial applications.

Bilateral cooperation between Russia and Uzbekistan also covers major energy projects. In May 2024, the countries signed an agreement to build a small modular nuclear power plant in Jizzakh region with Russian RITM-200N reactors. This...

Uzbekistan ranked seventh globally for tourism growth in January–September 2025, according to the World Tourism Barometer, the country’s Tourism Committee reports. The number of foreign visitors was 73% higher than in 2019.

The result also placed Uzbekistan second in Europe for the pace of tourism recovery and among the top four destinations in the region for year-on-year growth compared with 2024, up 13%.

The country set new domestic records this year. More than 10.7 mln foreign tourists visited Uzbekistan in the first 11 months of 2025, while from April monthly arrivals consistently exceeded one mln for the first time...

Max Verstappen has confirmed he will race under a new driver number in the 2026 Formula One season following the end of his championship reign.

The Red Bull driver has used the number one for the past four seasons as world champion. However, he is no longer eligible to keep it after Lando Norris secured the title earlier this month. While the champion is not required to use number one, Norris has already said he will adopt it next year.

Verstappen previously raced with number 33 from 2015 to 2021 but will not return to it. Instead, he...

A British travel influencer has alleged that she and her friend were sexually harassed during a Post Malone concert in the northeastern Indian city of Guwahati, prompting police to say they are reviewing the incident.

The influencer, Emma, who is based in Bangkok and has more than 76,000 Instagram followers, said she and another travel blogger were «touched without consent» shortly after entering the crowd at the concert, which was attended by more than 20,000 people. In a video posted on social media, she claimed the pair left the packed area within minutes because they no longer felt...

James Cameron has become only the fifth film director to reach billionaire status, with an estimated net worth of $1.1 bn, according to Forbes, just days before the release of his next film, Avatar: Fire And Ash.

The 71-year-old joins an elite group of filmmakers that includes George Lucas, Steven Spielberg, Peter Jackson and Tyler Perry. Forbes notes that Cameron is unique among them for earning the bulk of his fortune directly from box-office revenues rather than studios or franchises.

Cameron’s films, including The Terminator, Aliens, Titanic and the Avatar series — have collectively generated nearly $9 bn...

Meta is preparing to significantly cut back its spending on the metaverse after years of heavy investment and limited returns, according to media reports. Company insiders told Bloomberg that CEO Mark Zuckerberg plans to reduce the metaverse budget by around 30% next year, redirecting resources toward artificial-intelligence wearables and related technologies.

The move marks a sharp retreat from Zuckerberg’s once-bold vision of virtual worlds populated by millions of users wearing headsets, an idea that drove Facebook’s rebrand to Meta and cost the company an estimated $70 bn over four years. As user interest faded and revenues failed to...

Audi’s new electric E5 Sportback has won enthusiastic reviews from German car enthusiasts for its design, build quality and low price, but the model is made in China and is not available in Germany.

The E5 Sportback is part of a growing range of Audi vehicles developed and produced in China under the company’s «In China, for China» strategy, in partnership with Chinese automaker SAIC. Priced at around €40,000 (£35,000) in China, it costs roughly half as much as comparable Audi electric models sold in Germany.

Interest surged after a YouTube review by German performance car channel JP...

Uzbekistan marked 2025 as a landmark year in its transition towards green energy, building on a decade of policy reforms and international partnerships. The country’s energy strategy combines rapid infrastructure expansion, renewable energy projects, and state-backed incentives for energy efficiency, positioning Uzbekistan as a regional leader in sustainable development.

By the end of 2025, Uzbekistan had increased its installed electricity capacity to 28,570 MW, up from 24,063 MW at the start of the year. Solar and wind power have become central to the country’s energy mix, with 13 solar and five wind power plants producing almost 4.7 GW...

Gwyneth Paltrow made a rare red-carpet appearance with both of her adult children as she attended the New York City premiere of her new film Marty Supreme. The actress was joined by her daughter Apple Martin, 21, and son Moses Martin, 19, whom she shares with her former husband, Coldplay frontman Chris Martin.

Paltrow and Martin, who famously announced their split in 2014 as a «conscious uncoupling», have remained close co-parents, and their children appeared relaxed and happy as they posed alongside their mother. The trio shared smiles and conversation on the red carpet, highlighting their close family...

Jared Kushner has withdrawn from the high-profile bid battle to acquire Warner Brosers. Discovery, dealing a blow to Paramount’s hostile takeover attempt of the media giant. Kushner’s private equity firm, Affinity Partners, said on Tuesday it would no longer support Paramount’s roughly $108bn offer, which is competing with an agreed $83bn bid from Netflix.

A spokesperson for Affinity said the firm had stepped back due to changing investment dynamics, though it still believes Paramount’s proposal has strong strategic merit. Kushner, the son-in-law of US President Donald Trump, had been viewed as a key figure in helping Paramount line up crucial...

Australian authorities have charged 24-year-old Naveed Akram with 59 criminal offences, including 15 counts of murder, following the Bondi Beach terror attack that killed 15 people during a Hanukkah celebration. The mass shooting, described as one of the deadliest attacks on Australia’s Jewish community, also left at least 21 people injured.

The attack took place at Archer Park near Bondi Beach, where more than 1,000 people had gathered for a Jewish festival. Police say Naveed Akram and his father, Sajid Akram, opened fire on the crowd. Sajid Akram was shot dead by police at the scene, while Naveed...

Shares of MetaX Integrated Circuits leapt around 700% on their first day of trading in Shanghai on Wednesday, as investors rushed to gain exposure to China’s drive to reduce dependence on US AI chip giants Nvidia and AMD.

Founded by former AMD executive Chen Weiliang, MetaX raised about $600 mln in its initial public offering last week. The listing followed the strong debut of rival Moore Threads, whose shares jumped about 400% earlier this month. MetaX stock opened at 700 yuan, compared with an IPO price of 104.66 yuan, and climbed as high as 895 yuan in early trading...

South African DJ Warrick Stock, known as DJ Warras, was shot dead in Johannesburg on Tuesday, deepening concerns over crime in the country.

Police said the 40-year-old was approached by three suspects, one of whom opened fire before fleeing on foot. Stock was attacked near Zambesi House after supervising security installations. He tried to escape but collapsed, carrying an unused firearm and losing nothing to the attackers. No arrests have been made.

Stock’s sister, Nicole, described the family as «shattered» and urged the public not to share graphic images or videos.

A prominent radio and TV presenter, podcaster, and...

Uzbekistan will start supplying its products to the US wholesale chain Costco Wholesale. The announcement followed talks between a delegation from Uzbek company BMB Holding and Costco’s head of sales, Ed Martin, in the United States, according to Dunyo.

The agreement covers deliveries of agricultural and processed products, including fruits, vegetables and saffron. Product samples have already been provided to Costco for marketing purposes.

Costco, founded in 1983 in the United States, operates as a membership-based wholesale retailer. Customers pay an annual fee to access a range of carefully selected products at low prices. The company is known for...

President Shavkat Mirziyoyev has approved a decree lowering customs duties on imported branded goods. Coffee imports will now face a 0% duty, down from 10%.

Other products affected include household candles at 10%, plastic and wooden tableware at 10%, carpets and flooring at 10%, blankets and throws at 5%, and home textiles at 5–10%. Porcelain and ceramic tableware will carry a 10% duty, as will glassware and decorative items, and metal kitchen utensils and cutlery. Previous duties on these goods ranged from 15 to 20%.

The aim of the changes is to increase investor interest in international cooperation...

Since the beginning of 2025, Uzbekistan has shipped 633 containers to Italy, Greece, Turkey, Bulgaria, Switzerland and other European countries, according to O’ztemiryo’lkonteyner.

Of these, 380 containers were dispatched from Sergeli station, 228 from Nazarbek, and 25 from Asaka. Shipments to Europe are sent via the port of Turkmenbashi. Eighteen container trains carried mineral fertilisers, potash, urea, aluminium and copper to European destinations.

O’ztemiryo’lkonteyner noted that these shipments are part of President Shavkat Mirziyoyev’s directive to accelerate the transformation of Uzbekistan’s railway network.