News

Outsiders of the week were Uztelecom preferred shares. Photo: Businessupside

Last week, the most liquid stocks on the Uzbek stock market showed mixed dynamics. From August 1 to 8, the UCI index fell by 1.05%, according to exchange data.

The biggest growth for the week was recorded by Hamkorbank’s preferred shares, which rose by 11.07% to 30 soums. The top three gainers also included Kokand Mechanical Plant shares (+7.87% for the week) and Biokimyo (+6.24%).

The main losers of the week were Uztelecom’s preferred shares, which lost 8.58% in value. In addition, ordinary shares of Hamkorbank fell by 3.97%, and...

A major new report warns that humanity is facing a «widely underappreciated» health crisis caused by toxic chemicals present in food, water, and air — with impacts on cancer rates potentially rivalling those of smoking, reports The Independent.

The Invisible Tsunami study, conducted by Deep Science Ventures in partnership with The Grantham Foundation for the Protection of the Environment, links synthetic chemical exposure to cancer, obesity, Alzheimer’s disease, infertility, ADHD and other serious health issues. The eight-month investigation drew on peer-reviewed studies, expert interviews, and environmental data.

Researchers found that more than 3,600 synthetic chemicals from food packaging, pesticides...

Members of the Legislative Chamber of Uzbekistan’s Oliy Majlis have approved, in a third reading, a new law establishing rules for the use of artificial intelligence (AI).

The legislation introduces fines for the unlawful processing and dissemination of personal data through AI technologies, including via mass media and the internet. It provides an official definition of AI, outlines the objectives of state policy in this area and sets basic requirements for using AI in creating information resources and operating information systems.

A key provision states that decisions affecting human rights and freedoms must not be based solely on AI-generated...

Sharon Stone once again proved her timeless glamour on August 11, 2025, as she graced the Los Angeles premiere of Nobody 2. Returning to the big screen in the action-packed sequel, the 67-year-old Hollywood icon turned heads in a breathtaking black floor-length gown.

The long-sleeved, high-neck dress hugged her statuesque figure, highlighting her slim waist. Stone paired the look with bold gold platform heels, layered gold jewelry, and a matching gold clutch for a refined touch. Completing her ensemble, she wore sky-blue sunglasses and styled her hair in a softly waved bob, adding volume and elegance.

The actress shared a...

Pop icon Madonna has issued an emotional plea to Pope Leon XIV, urging him to intervene in Gaza’s worsening humanitarian situation. Writing on Instagram, the 66-year-old singer called on the pontiff to personally travel to the region to help protect children caught in the crisis.

«Most Holy Father, please go to Gaza and bring your light to the children before it’s too late,» Madonna wrote. «As a mother, I cannot bear to see their suffering. The children of the world belong to everyone.»

She stressed that the Pope is «the only one among us...

In what rescuers are calling a miracle, a 39-year-old Canadian man has been found alive after spending nine days stranded in the wilderness of British Columbia.

Andrew Barber disappeared on July 31 when his truck broke down near McLeese Lake, about 587 km north of Vancouver. According to the BBC, a search helicopter eventually spotted his vehicle on a remote forest road, leading to his rescue.

Barber survived by building a makeshift shelter against a rock using dirt and wood, and writing a large «HELP» message on the stone to attract attention.

«He was...

President Shavkat Mirziyoyev on August 11 reviewed plans to strengthen Uzbekistan’s fight against the shadow economy.

In recent years, the government has cut taxes, removed over 100 types of licences and permits, and reduced the number of taxes from 13 to 9. As a result, the shadow economy’s share has fallen from 45–50% in 2019 to 35% today, but further reduction is needed.

Officials highlighted key drivers of the shadow economy and measures to address them. Digital and innovative solutions were identified as the most effective tools. For example, automating Tashkent’s public transport payment system revealed passenger numbers...

California-based automaker Rezvani, best known for its exotic supercars and luxury SUVs, has stepped into the neo-retro arena with its latest creation — the Rezvani RR1. Limited to just 50 units, the RR1 is a modern Porsche 911 transformed into a striking homage to the legendary 1970s Porsche 935.

Built on the current 911 generation (introduced in 2019), the RR1 features a hand-crafted carbon fiber body that channels the spirit of classic 911 design: round headlights, wide vented fenders, an oversized rear wing, and 20–21-inch wheels.

The RR1 comes in two variants. The RR1 600, based on the...

According to journalist Olivier Lascar, author of Enquête sur Elon Musk, l’homme qui défie la science (Investigation into Elon Musk: The Man Who Defies Science), 2025 marks a turning point for the billionaire entrepreneur. Between space exploration dreams, slowing Tesla sales, political entanglements, and high-profile controversies, Musk’s year has been one of both ambition and turbulence — or, as Lascar bluntly puts it,

«Cette année, Elon Musk a littéralement pété les plombs.» (“This year, Elon Musk has literally lost it.”)

Once firmly focused on his Mars colonisation vision, Musk expanded his influence into geopolitics...

Real Madrid have turned down a staggering €350 mln offer from a Saudi Pro League club for Kylian Mbappé, according to Defensa Central. President Florentino Pérez reportedly dismissed the proposal outright, insisting the French forward is «not for sale» at any price, at least for now, as reported by Goal.

Mbappé, 26, is set to begin a pivotal season under coach Xabi Alonso, who views him as the focal point of the team’s attack. The 2018 World Cup winner remains determined to stay in Europe, chasing Champions League glory and unwilling to join a league still in development despite...

The National Agency for Prospective Projects has approved a regulation governing the issuance and state registration of bonds by international financial institutions (IFIs) denominated in Uzbekistan’s national currency.

The framework was developed in line with Presidential Decree on further measures to develop housing and mortgage markets. It incorporates international best practice and recommendations from the Asian Development Bank, the European Bank for Reconstruction and Development, the International Finance Corporation and other major IFIs.

Under the new rules, IFIs will be able to raise funds by issuing bonds and listing them on Uzbekistan’s stock exchange to finance their projects in...

Dozens of anime characters, flags and humorous messages have appeared across Tashkent’s map on the global pixel art platform Wplace.

The site allows anyone to draw on an interactive world map, but with one catch – each participant can place only a single pixel every 30 seconds. While cities in Uzbekistan still lag behind major hubs in the West and Asia in terms of volume, Tashkent already boasts plenty of eye-catching creations.

A large portion of the artwork features characters from anime, films and video games. Viewers can spot Asuka and Rei from the anime series Evangelion, figures from...

Chelsea’s summer transfer window has been largely positive, but the future of striker Nicolas Jackson threatens to dominate headlines right up to deadline day, as reported by Chelsea News.

Jackson is keen on a move to Newcastle United, a development tied to Liverpool’s pursuit of Newcastle forward Alexander Isak. Liverpool are reported to have made a final £110 mln bid for Isak, but the Magpies are holding out for £150 mln. Despite public claims from both clubs, speculation remains that a deal could still be struck, with Isak eager to leave.

If that happens, Newcastle are expected to...

Kyrgyzstan and Uzbekistan have agreed to deliver 600 mln cubic metres of water to Kazakhstan in an effort to tackle irrigation shortages in the country’s southern regions. The announcement was made by Kazakhstan’s Deputy Prime Minister Kanat Bozumbayev, who stressed that the current water situation in the south requires urgent action.

According to Bozumbayev, earlier agreements between the three nations will secure the volumes needed to meet agricultural demand. All necessary talks with representatives from Kyrgyzstan and Uzbekistan have been completed. He recalled that water supply to Kazakhstan had previously fallen behind schedule by over one bn cubic metres.

An analysis of government data has revealed that new international student enrolment in US universities could fall by as much as 30–40% this autumn, stripping communities of $7 bn in spending and more than 60,000 jobs. The joint study by NAFSA: Association of International Educators and JB International is the first to quantify the likely economic fallout of the downturn, The Pie reports.

NAFSA chief executive Fanta Aw described the findings as a wake-up call for the US State Department to act decisively to ensure students and scholars can reach American campuses in time for the new academic year.

On August 11, President Shavkat Mirziyoyev reviewed proposals aimed at improving conditions for individual entrepreneurs and self-employed citizens in Uzbekistan.

The development of entrepreneurship remains a strategic priority for the country, playing a crucial role in economic growth, job creation and raising living standards. To support this sector, business regulations are being streamlined, facilities are expanding and digital technologies are being actively introduced.

Tax Benefits from 2026

From January 1, 2026, a turnover tax rate of 1% will apply to entrepreneurs with an annual turnover of up to 1 bn soums ($79.4K) and to self-employed citizens. A dedicated...

Portuguese football star Cristiano Ronaldo has proposed to model Georgina Rodríguez, with the news confirmed by the bride-to-be in an Instagram post.

«Yes, I do. In this life and in all my lives,» she wrote, sharing the moment with her followers.

Ronaldo and Rodríguez have been together since 2016. The pair are raising five children — Cristiano Jr., twins Eva and Mateo born via a surrogate, and their two daughters together, Alana Martina and Bella Esmeralda.

Kursiv also reports that Cristiano Ronaldo has voiced his confidence in Sporting CP’s ability to remain competitive following the high-profile departure of Viktor...

The Asian U19 Boxing Championship concluded in Thailand with Uzbekistan’s national team taking first place in the overall medal standings. The squad delivered an outstanding performance, securing 7 gold, 3 silver and 3 bronze medals.

Gold medallists:

Silver medallists:

Bronze medallists:

India finished second in the overall...

On August 12, Uzbekistan will experience dry weather across the country with no rainfall expected. Winds will generally reach 7–12 m/s, occasionally strengthening to 13–18 m/s with blowing dust in some areas. Daytime temperatures will range from 35°C to 40°C, rising to 42°C in the south.

In the capital, conditions will remain dry. Winds will blow at 3–8 m/s, at times increasing to 10–12 m/s with light dust. Temperatures will reach between 38°C and 40°C.

Mountainous regions will also stay dry with winds of 7–12 m/s and occasional gusts up to 13–16 m/s. Temperatures are expected between 28°C and...

Several banks have updated their rates for exchanging foreign currencies into UZS as of August 12. This article contains information about the most favourable rates.

Here are Central Bank Reference Rates to exchange USD, EUR, GBP, CHF, JPY, or KZT into soums:

Several banks offer the best rates to exchange USD, EUR, GBP, CHF, JPY, or KZT into soums:

Financial institutions may change the value...

Brooklyn Nets rookie Egor Demin says he insisted on having his surname spelled with the letter «ё» on his NBA jersey to ensure it was written correctly and to honor his roots.

Speaking to Championat, the 19-year-old guard said he wanted the detail from the very beginning. In early July, the team released a video showing Demin holding his No. 8 jersey with his name in Latin letters — but still featuring the Russian «ё.»

«The letter ‘ё’ was in my mind from the start. I think it could be an important and vivid representation...

The agreement outlines mutual recognition of each other’s sovereignty, territorial integrity and international borders, with both sides pledging not to raise territorial claims in the future. It also commits the parties to refrain from the use of force, interference in internal affairs, and deployment of foreign troops along their shared border.

Key provisions include:

Manchester United winger Alejandro Garnacho has dropped a major hint that his long-anticipated move to Chelsea could be imminent.

The 21-year-old, who has three years left on his Old Trafford contract, has been pushing for a transfer following United’s worst-ever Premier League campaign. His relationship with head coach Ruben Amorim is reportedly irreparable, and he was omitted from the club’s pre-season tour of the United States.

Chelsea have been Garnacho’s preferred destination since showing interest six months ago. Personal terms are understood to be agreed, though the two clubs remain apart on a transfer fee — United are seeking...

Microsoft will end support for Windows 11 SE in October 2026, a year after retiring Windows 10. The education-focused operating system, launched in 2021 to compete with Google’s ChromeOS, will no longer receive security updates, bug fixes, or technical assistance after that date as reports GB News.

Windows 11 SE, used in low-cost classroom laptops such as the Surface Laptop SE, restricts users to pre-approved educational apps and was designed for cloud-first management by school administrators. Microsoft confirmed the OS will not receive the upcoming 25H2 update planned for other Windows 11 editions, having already received its final major...