Business

Forbes released its annual ranking of the world’s wealthiest individuals. Leading the list is Elon Musk, whose fortune reached a record $839 billion. Google founders Larry Page and Sergey Brin hold second and third places. The top 20 includes entrepreneurs from the US, China, India, and Europe, with total billionaire wealth reaching $20.1 trillion.

Business

A Russian court has fined Google an astronomical amount — $1.4 quintillion. This exceeds the entire global GDP and is worth more than all the money in the world.

Meta to Invest Up to $27B in Nebius Infrastructure

Meta to Invest Up to $27B in Nebius Infrastructure
Business

Meta and Arkady Volozh’s Nebius have agreed on joint investments of up to $27 billion over five years to develop AI data center infrastructure.

Business

The 41st General Assembly of the Islamic Chamber of Commerce and Development (ICCD) was held in Mecca, Saudi Arabia. A delegation from the Chamber of Commerce and Industry of Uzbekistan, led by First Deputy Chairman Davronbek Kurbanov, took part in the meeting.

Business

Elon Musk’s AI startup xAI has lost two co-founders in just two days, adding to a broader wave of departures as the company moves toward a major merger with SpaceX and faces regulatory scrutiny.

Telegram Fined Another 7 Million Rubles in Moscow

Telegram Fined Another 7 Million Rubles in Moscow
Business

The Tagansky Court of Moscow has imposed an administrative fine of 7 million rubles on the Telegram messenger for failing to remove content containing calls for extremist activity.

Business

Apple reported record revenue and profit for Q1 of fiscal 2026, which ended December 27, 2025, surpassing analysts’ expectations. Quarterly revenue rose 16% to a record $143.76 billion, with net income up nearly 16% to $42.1 billion. Adjusted earnings per share reached $2.84, exceeding analysts’ estimates of $138.48 billion and $2.67 per share.

Business

Elon Musk is in talks to merge SpaceX with his artificial intelligence startup xAI ahead of the space company’s planned initial public offering in 2026, according to Reuters. If completed, the deal would bring rockets, the Starlink satellite network, social platform X and the Grok AI chatbot under one corporate umbrella.

Trump’s Venezuelan Oil Plan Meets Industry Doubt

Trump’s Venezuelan Oil Plan Meets Industry Doubt
Business

US President Donald Trump has urged major oil companies to invest at least $100 billion in Venezuela’s oil sector, but industry leaders have reacted with caution.

Business

As part of the business program of his official visit to Japan, President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting with the heads of leading companies, financial institutions, and business associations of the country.

Business

Uzbekistan has taken one of its most significant deregulation steps by abolishing more than 1,600 mandatory requirements, easing conditions for businesses and individual entrepreneurs.

Warner Bros. Says No to Paramount’s $108B Offer

Warner Bros. Says No to Paramount’s $108B Offer
Business

Warner Bros. Discovery has rejected a $108 billion takeover bid from Paramount, opting instead to pursue a deal with Netflix that it considers more attractive and secure for shareholders.

Business

Elon Musk, the founder of SpaceX and Tesla, has become the first person in history to surpass a net worth of $600 billion, according to Forbes. The milestone follows a sharp increase in SpaceX’s valuation ahead of its planned IPO.

Business

President Shavkat Mirziyoyev has signed a decree introducing new mechanisms of tax regulation that will come into force on 1 January 2026. The reforms aim to increase transparency in business operations and strengthen tax compliance across the corporate sector.

SpaceX Nears Record as Musk Targets $800B Valuation

SpaceX Nears Record as Musk Targets $800B Valuation
Business

SpaceX is in discussions with investors about a share sale that could value Elon Musk’s company at an unprecedented $800 billion — doubling its current estimated worth of $400 billion. If successful, the deal would once again make SpaceX the most valuable private company in the United States.

Business

Sustainable Fitch has assigned SOCAR its first ESG rating, giving the company an overall score of 3 and highlighting the maturity of its environmental, social and governance practices.

Business

On February 11–12, 2026, Tashkent will host the fourth international Move Real Estate Summit — a key platform for discussing Uzbekistan’s growing real estate market, investment climate, and global architectural trends.

Project Prometheus: Jeff Bezos’s Secret AI Leap

Project Prometheus: Jeff Bezos’s Secret AI Leap
Business

Jeff Bezos, the founder of Amazon, has launched a major artificial intelligence startup called Project Prometheus, The New York Times reports. This marks his first return to an executive leadership role since stepping down as Amazon’s CEO in 2021.

Business

Apple CEO Tim Cook may step down after more than a decade leading the company, Bloomberg reported, citing journalist Mark Gurman.

Business

OpenAI has become the world's most expensive private company. Its value is now estimated at $500 billion - more than Elon Musk's SpaceX and China's ByteDance.

Elon Musk Becomes First Person in History Worth $500 Billion

Elon Musk Becomes First Person in History Worth $500 Billion
Business

Elon Musk has set another record: for the first time in history, a person’s wealth has reached the $500 billion mark, according to Forbes Real-Time Billionaires.

Business

TBC Bank Group has announced the acquisition of a controlling stake in OLX Uzbekistan, the country’s leading online classifieds platform. The deal, one of the largest M&A transactions in Uzbekistan in recent decades, marks a major step in expanding TBC’s digital ecosystem.

Business

Over the past year, the number of companies with Chinese capital in Uzbekistan has increased by 1.5 times, with 58 more added in July — a record growth despite an overall decline in foreign investor activity. The United States entered the top 10 for the first time in a year.

Özwell is attracting $9.5 million from China for pharmaceutical breakthrough

Özwell is attracting $9.5 million from China for pharmaceutical breakthrough
Business

On August 8 in Shanghai, during the Uzbekistan–China Business Forum, Özwell signed a strategic cooperation memorandum with one of China’s largest pharmaceutical holdings — Zhendong Health Industry Group.

Business

TASS Vision, a startup developing smart cameras for the retail sector, has successfully closed a €1.3 million funding round and is preparing for large-scale expansion. The Czech fund Purple Ventures became the first Central European investor to back a startup from Uzbekistan.

Business

The American technology company Nvidia became the world's first company whose market capitalization exceeded $4 trillion. This historic achievement came after shares rose by 2.8% to $164.42 per paper immediately after the opening of trading in New York.

$12 million in 30 minutes: Durov and Snoop Dogg blow up Telegram

$12 million in 30 minutes: Durov and Snoop Dogg blow up Telegram
Technology

Pavel Durov and Snoop Dogg created a digital sensation: about 996,000 digital Telegram gifts were sold in 30 minutes, bringing the project about $12 million. This is the first star drop in the platform's history and it became a instant hit.

Uzbekistan

Anorbank owner kidnapped in Paris

Uzbekistan

Uzbek-Italian Business Forum

Business

Bill Gates stated that he would allocate most of his wealth, which could reach $200 billion by 2045, to the development of healthcare and education in Africa. He announced this during his speech in the Ethiopian capital Addis Ababa.

Uzbekistan

Centrum Air announced the replenishment of its fleet with a new Airbus A320neo aircraft with registration number UK32075. This is already the ninth aircraft in the fleet and the fourth representative of the Neo family, designed with an emphasis on environmental friendliness and fuel efficiency.

Legumes grown in Uzbekistan are exported to Europe and China

Legumes grown in Uzbekistan are exported to Europe and China
Business

The opening ceremony of a new legume processing plant under BMB AGRO was held in the Arnasay district of Jizzakh region. The event was attended by local authorities, law enforcement, tax officials, and the chairman of the BMB HOLDING Supervisory Board. As part of the occasion, sunnat tuy ceremonies were also held for 50 local children.

Business

If Google is forced to sell Chrome browser due to an antitrust lawsuit, its new owner could become OpenAI. The company has already announced its readiness to consider the purchase - to create a "best product."

Business

According to the State Statistics Committee, as of April 1, 2025, the number of business entities involved in advertising and market analysis has grown by 5.3%, reaching 1,691.

Zuckerberg may lose Instagram and WhatsApp

Zuckerberg may lose Instagram and WhatsApp
Business

A trial is underway in the US that could change the digital landscape - Meta, the corporation that owns Facebook, Instagram, and WhatsApp, has come under the scrutiny of the Federal Trade Commission (FTC).

Business

The State Tax Committee (STC) of Uzbekistan conducted an audit of the activities of the Russian online retailer Wildberries operating in the country. The audit covered the period from 2022 to 2024 and revealed non-compliance with tax legislation.

Business

China's electric vehicle manufacturer BYD has made its largest stock offering in Hong Kong in the last four years, attracting $5.6 billion. But the most unexpected news was BYD's statement about cooperation with Tesla.

In Uzbekistan, the exclusive rights of a number of companies are being canceled

In Uzbekistan, the exclusive rights of a number of companies are being canceled
Business

Starting April 1, 2025, the exclusive rights of five major companies, including "Uzbekekspertize" and "UzEngineering," will be abolished in Uzbekistan. Now, privileges will be granted only in exceptional cases - to protect the safety, health of the population, and in emergency situations.

Business

A large-scale program to support youth business has been launched in Uzbekistan. Within the framework of the new "Yoshlar biznesi" initiative, 350 thousand young people will be able to receive financial, educational, and investment support within three years.

Business

In Uzbekistan, the system of financial support for low-income families is changing. Instead of subsidies, interest-free loans will now be provided for starting a business. This decision is enshrined in a new presidential decree aimed at developing entrepreneurship among socially vulnerable groups.

Russia fined Google for videos with instructions for Russian soldiers

Russia fined Google for videos with instructions for Russian soldiers
Business

A Russian court fined Google 3.8 million rubles (approximately $41,500) for posting content on YouTube showing Russian soldiers how to surrender. This was reported by the Russian TASS agency.

Business

A consortium led by Musk is offering a record sum for control of OpenAI, escalating the conflict with Sam Altman. If the deal goes through, Musk's xAI could merge with the ChatGPT developer, potentially influencing its commercial future.

Business

The cryptocurrency market has experienced the largest decline in the history of digital assets. On Monday, February 3, Bitcoin's value dropped to $94,051, losing more than $10,000 in just three days. The total losses of the crypto market amounted to a record $240 billion.

Legendary Apple Co-founder Steve Wozniak is Coming to Tashkent

Legendary Apple Co-founder Steve Wozniak is Coming to Tashkent
Business

The legendary Apple co-founder Steve Wozniak will visit Tashkent on March 19-20, delivering a special talk at Central Asian University, located in the heart of the capital. As part of the CAU Technical Summit, he will personally participate, sharing his unique insights and predictions about the future of technology, innovation, and entrepreneurship.

Business

Alibaba Challenges DeepSeek

Business

Tesla joins BMW against EU tariffs

Business

One of the world’s largest online retailers, eBay, has registered to pay Value Added Tax (VAT) in Uzbekistan. According to the international news agency Kazinform, alongside eBay, other foreign internet companies such as Netflix, Amazon, Google, Apple, Zoom, and others have also registered with the specialized tax authority for foreign companies.

Business

French engineering company Alstom, a global leader in railway transport manufacturing, is exploring opportunities to expand its presence in Central Asia, including Uzbekistan and Turkmenistan.

TikTok Restores Service in the USA

TikTok Restores Service in the USA
Business

On January 19, TikTok began restoring its services in the United States. This occurred after President Donald Trump, the 47th president, announced on Monday that he had decided to extend the deadline before the TikTok ban went into effect.

Business

In 2024, Tesla’s sales in China increased by 8.8%, reaching over 657,000 vehicles, marking a record high. This growth highlights Tesla as a company that achieved stable growth in China despite intense competition. Tesla's factory in China not only saw significant growth in the domestic market but also in exports to Europe and other regions, although global deliveries decreased by 1.1% over the year.

Business

To effectively establish the export of Uzbekistan-grown saffron to Germany, negotiations were held between representatives of Uzbekistan’s BMB Holding and Germany’s Breitzmann Edelmetalle & Diamanten.

Britons Plan to Build High-Rise Buildings in Tashkent

Britons Plan to Build High-Rise Buildings in Tashkent
Business

Uzbekistan’s Ambassador Ravshan Usmanov held a meeting with James Dauen, Director of the British company DFA. During the meeting, the British company expressed interest in participating in the design of facilities to be constructed in the new city of Tashkent.

Business

A meeting took place at the headquarters of “BMB HOLDING” with Gao Weixua, founder of China’s “VOSTOSUN GROUP UC” company. The focus of the meeting was the export of Uzbek saffron to the Chinese market.

Business

Telegram Wallet is set to open its official office in Uzbekistan. This was revealed through a job posting for a regional office manager.

Measures Approved to Support Startup Projects in Digital Technologies

Measures Approved to Support Startup Projects in Digital Technologies
Business

Tashkent, October 17, 2024. The President of Uzbekistan has approved decree No. PП-357 dated October 14, 2024, aimed at further developing the ecosystem for startup projects and venture funding. This initiative is designed to support new ideas and innovations in the field of digital technologies.

Business

This amounts to approximately 17,000 employees. The news was shared by the company's new CEO, Kelly Ortberg, who stated that the cuts will affect executives, managers, and regular employees.

Business

The U.S. Department of Justice is considering the possibility of breaking up Google, reports The Verge. Government lawyers have proposed measures to address Google’s market dominance and restore competition.

Uzbekistan Sees Significant Increase in Mobile Phone Imports in 2024

Uzbekistan Sees Significant Increase in Mobile Phone Imports in 2024
Business

From January to August 2024, Uzbekistan imported nearly 2.6 million mobile phones worth $236.2 million from abroad. This figure marks a significant increase compared to the same period last year.

Business

It's no secret that in recent years, women have become more attentive to their health and appearance. This has naturally increased the demand for products in this area. However, most cosmetic products in the Uzbekistan market are imported.

Business

Mercedes-Benz shares on the Frankfurt Stock Exchange have plunged by 8.4%, hitting their lowest level in four years, according to Bloomberg. The sharp drop is attributed to declining sales in the Chinese market.

Apple ordered to pay €13 billion in back taxes by EU court

Apple ordered to pay €13 billion in back taxes by EU court
Business

The European Union Court has ruled that Apple must pay €13 billion in unpaid taxes in Ireland. This decision concludes a decade-long investigation into the tax breaks provided by the Irish government, marking a significant victory for the European Commission.

Business

In the Sharof Rashidov district of Jizzakh, the opening of the “BMB Agro Plus” enterprise marks a significant milestone in Uzbekistan’s agricultural processing sector. The project focuses on processing the country’s fruits and vegetables using modern technologies and preparing them for export.

Business

Mark Zuckerberg, head of Meta, has revealed that the U.S. government pressured the company to censor content related to COVID-19 during the pandemic. Zuckerberg expressed regret that Meta complied with these demands. During the pandemic, Facebook, owned by Meta, removed over 20 million pieces of content deemed to be misinformation.

Pavel Durov Detained in Paris

Pavel Durov Detained in Paris
Business

French TV channel LCI has reported the detention of Telegram founder Pavel Durov in Paris, citing his refusal to cooperate with French law enforcement as the reason.