News

The World Bank approved a decade-long programme to develop electricity markets and integrate power systems across Central Asia, the organisation said. In the first phase, Uzbekistan, Kyrgyzstan and Tajikistan will receive $143.2 mln.

Of that total, the World Bank’s International Development Association will provide $140 mln, while $3.2 mln will come from the Central Asia Water and Energy Programme. The REMIT initiative will be implemented in three stages and aims to expand regional electricity trade and integrate renewable energy sources.

The programme is designed to use the region’s complementary energy resources, including hydroelectric power in Kyrgyzstan and Tajikistan, thermal generation...

Intel said on January 22 it struggled to meet demand for server chips used in AI data centres and forecast quarterly revenue and profit below market estimates. This sent its shares down 13% in after-hours trading.

The forecast highlights Intel’s difficulty predicting global chip demand, as current products reflect decisions made years ago. The company recently launched a long-awaited laptop chip aimed at regaining its PC lead, even as a memory chip shortage is expected to hit sales in that market.

Intel executives said demand for server central processors used alongside AI chips surged unexpectedly. Even with factories running...

Housing purchase and sale transactions in Uzbekistan rose by more than 15% in 2025, reaching about 295,000 nationwide, according to CERR.

The strongest growth in transaction activity was recorded in Bukhara region at 25.7%, followed by Syrdarya at 23.3% and Samarkand at 19.7%. Tashkent accounted for around 30% of all housing deals, with sales in the capital up 18.2% to roughly 84,000 transactions.

Prices in the secondary housing market increased by an average of 8% nationwide, up from 6.2% in 2024. The highest price growth, at about 17%, was seen in Surkhandarya and Fergana Regions and in the Republic of...

Ubisoft cancelled six video games, including the long-awaited remake of Prince of Persia: The Sands of Time, as part of a major operational reset aimed at restoring growth.

The French publisher has also shut studios in Stockholm and Halifax, delayed seven projects and begun restructuring parts of the business. Chief executive Yves Guillemot said the measures were needed to build a more focused and sustainable organisation.

Shares in Ubisoft fell about 33% after the announcement. The company did not name all the cancelled titles but said they include four unannounced games, most based on new intellectual property, and one...

A pair of aviator sunglasses worn by French President Emmanuel Macron triggered a sharp rally in the shares of their maker, Italy’s iVision Tech, highlighting the power of viral moments on financial markets.

«This certainly created a wow effect on the stock,» iVision Tech chief executive Stefano Fulchir told Reuters.

The surge has added about 3.5 mln euros to the Milan-listed group’s market capitalisation.

Macron’s appearance fuelled a wave of memes and speculation online, with frequent comparisons to the 1986 film Top Gun starring Tom Cruise. Even U.S. President Donald Trump joined the online...

Wolverhampton Wanderers are considering a move for Manchester City midfielder Kalvin Phillips as they look to strengthen their squad amid a relegation battle.

According to reports, Wolves have revived their interest in the 30-year-old, who has struggled for regular playing time at the Etihad since joining City from Leeds United in 2022.

Phillips, once an England regular and the national team’s Player of the Year in 2021, has made just one appearance this season under Pep Guardiola, with injuries and competition for places limiting his opportunities.

Wolves see his experience as a potential boost to their...

A fan-led campaign to send Victoria Beckham’s long-overlooked 2001 solo single Not Such An Innocent Girl to number one is rapidly gaining momentum, days after her public fallout with son Brooklyn Beckham.

The song has surged to number one on Ireland’s iTunes chart and climbed to number two in the UK, fuelled by a viral social media drive framing the effort as a way to correct the fact that Victoria remains the only Spice Girl without a solo chart-topper.

The renewed interest follows Brooklyn’s public statement this week accusing his parents of controlling behaviour and confirming he...

The nominations for the 98th Academy Awards were unveiled on Thursday, kicking off the final phase of the 2026 Oscars race. Ryan Coogler’s vampire thriller Sinners emerged as the most nominated film of the year with a record-breaking 16 nominations, while Paul Thomas Anderson’s One Battle After Another followed with 13. Chloe Zhao’s Shakespeare-inspired drama Hamnet earned eight nominations, securing its place among the Best Picture contenders alongside titles such as F1, Frankenstein and Marty Supreme.

The nominations were announced by Danielle Brooks and Lewis Pullman, with the ceremony set for 15 March at the Dolby Theatre in...

Geologists have identified what is being described as the world’s largest-ever iron ore deposit in Western Australia, a discovery that could significantly influence global commodity markets. The find, located deep beneath the remote Hamersley region in the Pilbara, is estimated to contain around 55 bn metric tons of high-grade ore with iron content exceeding 60%, potentially valuing the resource at about £4.5 trillion.

Researchers, including scientists from Curtin University, say the unusually high purity of the ore would allow more efficient extraction with less waste than typical deposits. Beyond its economic significance, the discovery has also prompted a...

Senior figures in Venezuela’s ruling elite secretly assured US officials they would cooperate with Washington after the removal of President Nicolas Maduro, according to sources cited by The Guardian. Delcy Rodriguez, who was later sworn in as acting president, and her brother Jorge Rodriguez, head of the national assembly, are said to have conveyed through intermediaries that they would accept Maduro’s departure, though they stopped short of actively helping to topple him.

The backchannel contacts, which also involved Qatari officials, took place months before the U.S. military operation that led to Maduro’s capture earlier this month. Sources said...

France’s navy has seized a suspected Russian «shadow fleet» oil tanker in the Mediterranean Sea following intelligence provided by the UK, authorities said on Thursday.

The vessel, named Grinch, was intercepted in a commando-style operation off the southern coast of Spain and is suspected of operating under a false flag to evade Western sanctions on Russian oil exports.

French officials said the tanker is linked to Moscow’s sanction-busting network used to keep oil revenues flowing despite restrictions imposed over the war in Ukraine. The ship is now being escorted to port for inspections.

President Emmanuel Macron

Uzbekistan formally joined the Board of Peace on Gaza after President Shavkat Mirziyoyev signed an accession agreement. The initiative was launched by U.S. President Donald Trump.

The agreement was signed in Davos, Switzerland, during the World Economic Forum.

According to CNN, representatives from fewer than 20 countries attended the ceremony, despite earlier reports that 35 participants were expected.

«We have a great group of people and incredible young people that are leading it from within,» he said during the announcement of the board in Davos.

The U.S. president added that the new organisation...

World leaders meeting at the World Economic Forum in Davos have warned that the global order is «in the midst of a rupture,» amid growing fears that international law is being undermined and great-power politics are returning. The comments come as U.S. President Donald Trump’s renewed push to annex Greenland, alongside tariff threats and rhetoric over Venezuela’s oil, dominates discussions in Switzerland.

Canadian Prime Minister Mark Carney said the world was shifting toward an era «without rules,» where economic tools such as tariffs and supply chains are increasingly used as weapons. French President Emmanuel Macron warned that «imperial ambitions are...

Mercedes released the first images of its 2026 Formula 1 car, the W17, which sports a revised silver and black livery.

The team, which climbed back to second in last year’s Teams’ Championship, will retain George Russell and Kimi Antonelli for the upcoming season.

Like its rivals, the W17 is smaller, narrower and lighter than its predecessor, built to meet sweeping new aerodynamic rules introduced for 2026.

«Formula 1 will undergo significant change in 2026, and we are prepared for that transition,» said team principal and CEO Toto Wolff.

He added that the...

French food group Lactalis announced a global recall of six batches of Picot baby formula amid concerns they may contain a toxin.

The recall affects products sold in Australia, Chile, China, Colombia, Congo, the Czech Republic, Ecuador, France, Georgia, Greece, Kuwait, Madagascar, Mexico, Monaco, Spain, Peru, Taiwan and Uzbekistan.

Lactalis said the batches were being withdrawn because tests found cereulide in an ingredient supplied by a third party. The company did not identify the supplier.

Cereulide, a toxin produced by bacteria, can cause vomiting and diarrhoea, the statement said. Lactalis provided a list of six lot numbers and insisted...

Uzbekistan’s gold exports reached $9.9 bn in 2025, marking a 32.3% increase compared with the previous year, according to the country’s foreign trade report.

In November, the Central Bank of Uzbekistan became one of the world’s top three buyers of gold, purchasing 10 tonnes in a single month. Only Poland and Brazil bought more, with 12 tonnes and 11 tonnes respectively. By early December, central banks globally had acquired more than 290 tonnes of the precious metal. Although this was below the record highs seen in previous years, demand for gold remained strong.

Uzbekistan’s foreign exchange and gold reserves also...

Hong Kong’s High Court began a landmark national security trial on January 22 involving three former leaders of the now disbanded Hong Kong Alliance in Support of Patriotic Democratic Movements of China. The group organised annual vigils commemorating Beijing’s 1989 crackdown on pro-democracy protesters in Tiananmen Square.

The public commemorations, once legal in Hong Kong, were widely seen as a symbol of the city’s relative freedoms compared with mainland China.

«Justice resides in the hearts of the people, and history will bear witness,» said Tang Ngok-kwan, a former senior member of the group, as he...

Uzbekistan’s energy system recorded a winter peak load of 13 gigawatts (GW) on January 20 at 17:42, the Ministry of Energy said. The figure is 500 megawatts (MW) higher than the previous winter record of 12.5 GW set last year.

The increase in demand was linked to cold weather and higher electricity use during evening hours, mainly for heating and household needs.

The ministry said the energy system was operating normally and that specialists were monitoring the situation closely.

Kursiv also reports that in 2025, Uzbekistan fully renovated 787 km of main power transmission lines.

Firefighters in Karachi recovered the bodies of as many as 25 people from the wreckage of a shopping mall fire on January 21, raising the death toll to about 50. The blaze, the largest the port city has seen in more than a decade, erupted late on January 17 and quickly engulfed the vast Gul Plaza shopping complex.

Gul Plaza was known for its 1,200 family-owned shops selling wedding clothes, toys, crockery and other items. Deputy Commissioner Javed Nabi Khoso told reporters that authorities had found between 20 and 25 bodies, which had been taken to a hospital for...

Taylor Swift will become the second youngest songwriter ever inducted into the Songwriters Hall of Fame at age 36. The pop star will join the likes of Stevie Wonder, who was 33 when he was inducted in 1983.

Swift will be inducted alongside Alanis Morissette, Kenny Loggins, and Kiss band members Paul Stanley and Gene Simmons. The ceremony is set for June 11 at the Marriott Marquis Hotel in New York City, the organisation said on CBS Mornings.

«They’ve literally written the soundtrack to our lives. The songs we dance to, cry to and rock...

U.S. President Donald Trump stepped back from threats to impose tariffs on Europe, Reuters reports. He said a deal was in sight to resolve the dispute over Greenland.

Speaking in Davos, Switzerland, Trump ruled out the use of force and said allies could agree on a plan that meets U.S. security needs and blocks Russian and Chinese influence.

«It’s a deal that everybody’s very happy with,» Trump said. «It’s a long-term deal. It’s the ultimate long-term deal.»

After meeting NATO Secretary General Mark Rutte, Trump said the issue of Greenland’s status within Denmark did...

Netflix confirmed the release date for season 8 of its Formula 1 documentary series, Drive to Survive, with the new episodes arriving on the streaming platform on February 27.

The latest instalment will follow the 2025 F1 season, offering viewers a behind-the-scenes look at a campaign that delivered drama both on and off the track.

The fight for the Drivers’ Championship shifted throughout the year, with Oscar Piastri emerging as an early front-runner before Max Verstappen staged a strong comeback in the second half of the season. While Piastri endured a difficult spell, his McLaren team mate Lando...

A charter flight carrying Uzbek citizens deported from the United States arrived in Tashkent on the evening of January 21, Uzbekistan’s Foreign Ministry said.

Foreign Ministry spokesman Akhror Burkhanov said 44 people who had been residing illegally in the United States were returned to Uzbekistan. He noted that the flight was organised jointly with relevant U.S. agencies to ensure the safe and timely return of Uzbek nationals.

«Cooperation on ensuring the safety of our citizens abroad, protecting their legal rights and returning them home is continuing,» Burkhanov said.

According to aviation tracking services, the...

A Moscow military court sentenced Ahmadjon Kurbonov, a citizen of Uzbekistan, to life imprisonment for carrying out a terrorist attack in 2024.

The ruling was handed down by the Second Western District Military Court. Kurbonov pleaded guilty to the attack, which killed Lt. Gen. Igor Kirillov, head of Russia’s Radiation, Chemical and Biological Protection Troops. He was also fined 1 mln roubles (about $12,900).

Investigators said Kurbonov acted on instructions from Ukraine’s Security Service. According to the prosecution, he placed an electric scooter fitted with a remotely controlled explosive near the general’s residence and livestreamed the operation to Ukraine...