The Tashkent Interdistrict Economic Court has declared AO Maroqand, owner of the UPay payment system, insolvent and initiated its liquidation process.

Elon Musk has become the first person in history with a net worth exceeding $800 billion, following the merger of SpaceX and xAI.

The messenger’s bonds worth around $500 million have been frozen in Russia’s National Settlement Depository due to Western sanctions. The company assures investors that payments will be made on schedule.

In continuation of the program of events of the “Central Asia + Japan” Dialogue, President of the Republic of Uzbekistan Shavkat Mirziyoyev took part in a multilateral business forum.

Volkswagen has shut down a plant in Dresden, marking the first time in the company’s nearly 90-year history that production has been permanently halted in Germany. The move underscores the deepening crisis in the country’s auto industry.

Ford has revised its ambitious electric vehicle plans amid financial losses, deciding to focus on producing hybrids and gasoline-powered vehicles instead.

After months of negotiations, Netflix has announced the acquisition of Warner Bros Discovery for $82.7 billion, gaining control over the Harry Potter, DC and Game of Thrones franchises, as well as HBO and HBO Max. This marks one of the largest and most influential deals in the modern film and streaming landscape, significantly shifting Hollywood’s power dynamics.

Wildberries is expanding its presence in Uzbekistan: the company has registered a new subsidiary, WB Taxi, officially entering the country’s taxi and passenger transportation market.

Today, we held a productive meeting with a business delegation from the U.S. state of Utah, led by David Bednar. During the discussion, we noted with satisfaction that a new stage has begun in the development of Uzbekistan–U.S. relations.

Uzbek fintech startup Mulk Protocol won the InBattle Startup Awards in Baku, impressing the jury with its investment platform that enables Sharia-compliant tokenization of real estate and business assets.

Yandex has launched a $20 million venture fund in Uzbekistan under the name Yango Ventures, aimed at supporting early-stage startups. The announcement was made during ICT Week 2025 in Tashkent.

NamAgro Tech, one of the leading agribusiness drivers in Namangan region, has been awarded a prestigious presidential prize.

Telegram founder Pavel Durov has emerged as the leading Russian billionaire in terms of capital growth in 2025. According to the Bloomberg Billionaires Index, his wealth increased by $3.27 billion, reaching a total of $14.3 billion — the highest growth among all Russian names on the global list.

Halyk Bank, the largest financial group in Central Asia, has acquired a 49% stake in Uzbekistan's leading payment provider Click for $176.4 million. In return, Click acquired 49% of Tenge Bank, Halyk’s Uzbek subsidiary, for $60.76 million. The landmark transaction is the largest private sector deal in Uzbekistan’s history.

Financier from Uzbekistan, owner of 99.38% of Anorbank shares, Kahramonjon Olimov, was kidnapped in Paris on June 23. According to Le Monde, the businessman was forcibly taken out of the French capital and held for nearly two days in the basement of a villa near Nice.

Tashkent, Uzbekistan. Today, June 11th, the Uzbekistan-Italy International Business Forum took place at the International Hotel in the capital, bringing together leading Italian companies and organizations with representatives of the Uzbek business community.

A business conference organized by Centrum Holding in collaboration with Yard Business Club took place in Tashkent. The highlight of the event was the presentation by Centrum Air, which unveiled its development strategy and announced the launch of new international routes. The gathering brought together partners, industry experts, and media representatives, reinforcing the holding's status as one of the most dynamically growing market players.

BMB GLOBAL SAYOHAT is one of the leaders in handling all organizational aspects of travel, providing fast, high-quality, and reliable services. The company offers personalized service to each client who wants to organize their trip perfectly, helping to plan and realize their dream travels.

As of March 1, 2025, there are 15,503 enterprises and organizations with foreign investment operating in Uzbekistan. This was reported by the National Committee of Statistics.

Marketplace TEMU has become a resident of Uzbekistan, but restrictions remain in place for now.

A delegation of Uzbek businesswomen, headed by the Chamber of Commerce and Industry of Uzbekistan, visited Oman with a business mission.

Japan is taking the lead in Uzbekistan's digital transformation by increasing investments and expanding IT cooperation.

Elon Musk offered to buy OpenAI for $97.4 billion, but the company unexpectedly rejected his proposal. The CEO of OpenAI responded to the billionaire with a witty remark: "No, thanks. If you want, we can buy Twitter for $9.74 billion."

By June 1, 2025, the automated information system "Control and Monitoring of Investment Project Implementation" will undergo an expert review, and a special information portal will be launched for conducting electronic procurement within projects funded by international financial institutions and foreign government financial organizations (IFI/FGFO), transitioning to digital procurement procedures.

Alibaba's new version of Qwen 2.5 surpassed its competitors: the Chinese giant is challenging world leaders in AI.

Tesla, BMW, and Chinese automakers have filed legal challenges against the European Union's tariffs on Chinese-made electric vehicles. On Monday, Tesla submitted its case to the Court of Justice of the European Union, joining the ongoing legal battle.

Telegram founder Pavel Durov promised to improve the messenger's moderation during a court session in France. According to French media, Durov committed to collaborating with three lawyers to enhance Telegram's moderation processes. This decision aims to ensure user safety and platform compliance with legal standards.

As part of the "Abu Dhabi Sustainability Week" international summit in the United Arab Emirates, Uzbekistan and the UAE signed an agreement to implement waste-to-energy projects using foreign investments.

Elon Musk has not only reclaimed his position at the top of the world's richest individuals but has also set a new record for personal wealth. According to Bloomberg, Musk's total net worth has reached $347.8 billion, surpassing his previous achievements and setting a historical benchmark.

Tesla's market value surged to $1 trillion as Republican candidate Donald Trump's victory in the U.S. presidential election sparked a significant rise in the company's shares.

Nvidia's shares reached a historic high, closing at $138.07, with the company's market capitalization nearing $3.4 trillion. Investors are eagerly anticipating the upcoming reports from major tech companies, which are heavily investing in Nvidia's AI chips.

Anthony Tan was the youngest of 3 sons in one of the richest families in Malaysia. His father, Tan Heng Chew, was the president of Tan Chong Motor which was founded by Tan's grandfather in the 1950s, multinational automobile distributor publicly listed on the Kuala Lumpur Stock Exchange.

OpenAI has successfully raised $6.6 billion in its latest funding round, bringing the company’s valuation to $157 billion. This places OpenAI among the top three most valuable startups globally, alongside SpaceX and ByteDance.

From September 25-27, the 29th KIOGE 2024 International Oil and Gas Exhibition brought together industry specialists in Almaty. The event attracted 340 companies from 20 countries, with 40% of participants showcasing their innovations for the first time.

New mechanisms are being introduced in Uzbekistan to ensure the continuous development of small businesses. A presidential decree (PQ-312) issued on September 7, 2024, will enhance the "Continuous Support for Small Businesses" program, offering entrepreneurs new financial opportunities.

On August 30, 2024, the President issued Decree No. UP-132, outlining measures to implement tasks identified in the fourth open dialogue with entrepreneurs. The decree aims to improve business conditions and address existing challenges in the entrepreneurial sector.

President Shavkat Mirziyoyev will soon begin an open dialogue with entrepreneurs in Nukus.

Starting from February 1, 2024, Uzbekistan introduced a "Business Stability Rating" as per the presidential decree. This rating provides new opportunities for businesses and important tax incentives.

According to the Bloomberg Billionaires Index, the combined wealth of the 26 richest Russian businessmen reached $361.8 billion as of August 1, 2024.

As the national saffron cultivation develops in our country, the geography of its export is also expanding.