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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

Meta has released its second-quarter report, which exceeded analysts' expectations, resulting in a more than 7% rise in the company's stock on the U.S. market.

The President of Uzbekistan signed a decree on August 7, 2024, aimed at supporting local producers who collaborate with well-known international brands. This initiative is set to boost the presence of Uzbek companies in the global market.

From January to June 2024, a total of 41,015 small business entities were established across the republic (excluding farmer and dehkan households).

American automaker Tesla has reported its lowest profit in the past five years, causing its stock price to fall. For the second quarter, Tesla's net profit was $1.48 billion, half of what it was a year ago and the lowest in five years.

In the second half of June, the Chinese airline Loong Air plans to open a new air route from Xi'an to Samarkand, according to the press service of Uzbekistan Airports.

Today, on June 5, a business forum was held in Tashkent as part of the next meeting of the Uzbekistan-Germany Businessmen's Council, reports the press secretary of the Prime Minister of the Republic of Uzbekistan.

President of the Republic of Uzbekistan Shavkat Mirziyoyev in his speech at the III Tashkent International Investment Forum emphasised the significant growth in the volume of foreign investments in the country last year, which almost doubled.

According to data released by the press service of the Ministry of Employment and Poverty Reduction of Uzbekistan, as of 29 April 2024, the following companies have been identified as providing the most jobs in the country:

During a meeting chaired by President Shavkat Mirziyoyev, issues related to the implementation of water-saving technologies were discussed. The head of state also expressed the intention to support enterprises contributing to the creation of thousands of jobs and the export of goods.

Russian group of companies B1 intends to enter the market of consulting services in Uzbekistan. This is reported by the trade mission of Russia in Uzbekistan.

According to estimates by MCA Advertising (owned by global agency Omnikom), the advertising services market in Uzbekistan in 2023 grew by 30% compared to 2022, and the total volume of the country's media market is rapidly approaching 500 billion sums of turnover per year. Against the backdrop of the country's economic reforms, the entry of global corporations into the Uzbek market, the growth of total budgets for marketing and advertising, the demand for expertise has increased significantly, and the rating of platforms for advertising communications has also grown.

Tesla Inc.'s stock sank again on Monday, costing Elon Musk his title as world's richest person.

According to the annual report of the international analytical agency Brand Finance, Mercedes-Benz is now considered the most expensive car brand in the world. It has overtaken electric car manufacturer Tesla.

On 2 and 3 March, Tashkent will host the largest real estate fair UYSOT EXPO 2024, which will bring together some of the most renowned developers and construction industry experts. Over the course of two days, visitors to the fair will have the opportunity to talk to more than 100 developers, as well as get answers to all pressing questions about real estate and buying a house from leading experts with many years of experience in working with real estate. Participants will be offered a large number of lucrative offers for investment and housing, meet many speakers of the property market of Uzbekistan and the CIS, and, what is no less important, the opportunity to win a trip for 2 to Dubai. UYSOT EXPO 2024 is a unique platform where you will be able to get acquainted with special offers from the best developers of Uzbekistan without wasting your time visiting sales departments.

Gautam Adani, founder of conglomerate Adani Group, is once again among the world's richest people, ranking 12th with a fortune of $100.7bn.

BMB Holding has become the first Uzbek company to sign an agreement with the 130-year-old US company.

On 23 January this year, BMB Holding management met with Ziya Gaziev, President of Proto Global GmbH, in Berlin.

From 1 February 2024, the Entrepreneur Sustainability Rating will be introduced, which will identify and incentivise entrepreneurs who comply with legal requirements.

Apple's market value has fallen below Microsoft's capitalisation for the first time since 2021.

Google attributed its decision to its desire to reduce costs, improve efficiency and focus on core products.

In 2023, AhadMix Group participated in nearly 1,000 events as a technical partner and invested around $2 million in its development.

The owner of a billion-dollar fortune has significantly increased his income.

UzAuto Motors' revenues increased by 43.5 per cent to 38.1 trillion sums in the first nine months of 2023. The report was published on the Unified Corporate Information Portal of the company.

His financial condition has shrunk amid Tesla's poor results in the third quarter.