Uzbekistan Financial News

By Tetsushi Kajimoto

cough syrup linked to the deaths of at least six children in Cameroon have found unidentified quality issues in at least one of the five samples picked up by authorities, two people familiar with the investigation told Reuters. Riemann Labs is one of three Indian drugmakers whose cough syrups have been linked to the deaths of at least 141 children in Gambia, Uzbekistan and Cameroon since the middle of last year. That has cast a shadow on the quality of exports from India, often dubbed the «world's pharmacy» due to its supply of life-saving drugs at low prices to countries that most need them. The World Health Organization (WHO) said in July that a sample picked up from Cameroon of Naturcold syrup, whose maker India has identified as Riemann, contained as much 28.6% of the toxin of diethylene glycol, compared with an acceptable limit of no more than 0.10%. Indian authorities said they had suspended Riemann's production soon after the WHO alert, citing violations of good manufacturing practices.

Dhiraj Bommadevara clinched India's first Paris Olympics quota in archery when bagged a silver at the Asian Continental Qualification Tournament here on Saturday. After his senior colleague Tarundeep Rai's last-eight exit, Bommadevara was the lone Indian in fray and the 22-year-old did not disappoint, cruising into the final with two straight-set wins.

An economic grouping that includes several ex-Soviet nations along with Afghanistan, Iran, Pakistan and Turkey has held a summit in Uzbekistan, and leaders of member countries have vowed to further expand trade and economic ties

global Internet outage just for a single day? Have you ever thought about it? According to a new report, if the internet goes down globally for even just a single day, it would cost $43 billion, with the US and China making up almost half of the sum together, which is $21 billion. If an internet outage occurs just for a single day, the US alone would face huge losses of around $11 billion. China is estimated to lose nearly $10 billion, according to the VPN service provider AtlasVPN. Meanwhile, the UK would lose around $3 billion, and Japan is expected to lose approximately $2.7 billion.

By Olesya Astakhova

Islam Karimov, was accused on charges of money laundering, bribery and participation in a criminal network that used “violence and intimidation." Karimova is accused of allegedly developing and running a crime ring known as “The Office" that involved several dozen people and multiple companies. "‘The Office’ conducted its criminal activities as a professional business, complying with mandatory regulations and observing a strict allocation of tasks, while also resorting to violence and intimidation," they said in a statement.

By Philip Blenkinsop

Jaishankar on Wednesday embarked on a two-day visit to Kyrgystan to attend the 22nd meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of Government (CHG), to be held under the chairmanship of Kyrgyzstan, the Ministry of External Affairs said. The October 25-October 26 meeting in the Kyrgyz capital city of Bishkek will be attended by the heads of governments of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan, the Vice-President of Iran, and the foreign ministers of India and Pakistan. «In Bishkek, the external affairs minister will also meet with his counterparts from other SCO member states and call on the country's top leadership,» the MEA statement read. SCO observer States including Belarus and Mongolia as well as guest state Turkmenistan will also attend the meeting. The CHG is the second-highest forum in SCO.

Prachi Yadav clinched a gold medal in the Canoe women's KL2 event to ensure the flurry of medals continued in the ongoing 4th Asian Para Games on Tuesday. After bagging a silver on Day 1 in the women's VL2 final, she topped the women's KL2 event with a timing of 54.962s. China's Shanshan Wang took away the silver medal with a timing of 55.674s.

UNWTO Secretary-General Zurab Pololikashvil. He made the comments at the «Global Education Forum» during the 25th General Assembly of the World Tourism Organisation (UNWTO) here which concluded on Saturday. The Secretary General also said countries like India which are expanding their tourism sector massively need to invest in tourism academies and hospitality schools.

IMEC) and India-Israel-USA-UAE projects, China has launched dialogue across the region seeking to align BRI with Turkiye's Middle Corridor Initiative. Turkiye had decried IMEC, which is aimed at rivaling BRI in the region and this week's BRI summit in China is expected to witness efforts to align Ankara's Middle Corridor Initiative with BRI. The two sides recently held a high-level dialogue on the issue, ET has learnt. IMEC was announced on the sidelines of the G20 summit here in the presence of leaders of the USA, Saudi Arabia, India and Europe. Trans-Caspian East-West-Middle Corridor Initiative shortly named as 'The Middle Corridor', begins in Turkiye and passes through the Caucasus region via Georgia, Azerbaijan, crosses the Caspian Sea, traverses Central Asia and reaches China, according to a Turkish foreign ministry document.

Bitcoin continues to trade at $27,698 with a nearly 1% increase. Marathon Digital Holdings boosted its Bitcoin production by 16% monthly and Kraken experienced its highest Bitcoin deposit activity in half a decade due to surging prices and growing ETF confidence. 

Kevin Spacey, aged 64, was taken to a medical facility in Uzbekistan after showing signs of a heart issue. On Monday, October 2, while visiting the Afrasiyab Museum, the former House of Cards actor experienced numbness in his left arm. He sought assistance at a clinic in Samarkand, where he underwent various tests, including an MRI scan, as reported by The Sun. Spacey was in town to participate in the 15th Tashkent International Film Festival. After receiving medical clearance, he appeared on stage later that day. During his appearance, he shared the incident with the audience and assured them that his health was «normal.» He also reflected on the fragility of life, saying, «I suddenly felt my entire left arm go numb for about eight seconds. I shook it off, but I immediately told the people I was with, and we went immediately to the medical center.» He added, «Everything turned out to be completely normal, and I'm grateful it's not anything more serious.» The day before, he had reportedly mentioned his plans for a «comeback» during an event in Tashkent's capital. Spacey expressed that he believed his «best roles were ahead of him.» The actor had faced significant setbacks in his career due to a sexual assault trial, during which he was acquitted of all nine charges.

The Republic of Uzbekistan has approved new regulations for issuing licenses for cryptocurrency mining activities.

Cryptocurrency mining in Uzbekistan faces major changes as the country’s crypto market supervisor has approved a framework for licensing crypto mining operations.

Track the Asian Games LIVE medal tally here.India's Neeraj crashed to a 3-5 defeat vs Uzbek Makhmud Bakhshilloev in the men's greco-roman 67kg 1/8 final. In Wrestling, India have Neeraj facing Uzbek Makhmud Bakhshilloev in the men's greco-roman 67kg 1/8 final.India win bronze medal in 35km race walk mixed team event at Asian Games.Indian archers Jyothi Surekha Vennam and Ojas Deotale held their nerves to beat Malaysia 158-155 and advance into the compound mixed team semifinals at the Asian Games here on Wednesday.Standing one win away from a medal, the top-seeded India will next take on fourth-seed Kazakhstan in the semifinals later in the day.

North Korea soccer coach Sin Yong Nam defended his players after several clashed with match officials on the pitch after their 2-1 defeat to Japan in the Asian Games quarter-finals in Hangzhou on Sunday. North Korea captain Jang Kuk Chol and team mate Kim Kyong Sok remonstrated heatedly with referee Rustam Lutfullin after the final whistle, pursuing the Uzbek in the middle of the pitch as he tried to back away. With the confrontation drawing in the assistant referees and several security staff, the North Korean coach also ran to his players to try to defuse the situation. The North Korean players were earlier furious when Lutfullin awarded a penalty to Japan after goalkeeper Kang Juh Yok charged out and clipped the feet of Jun Nishikawa with an outstretched arm. Waving his arms and shaking his head, an angry Kang argued with the referee before Yuta Matsumura slotted home from the spot in the 80th minute to see Japan through at the Xiaoshan Sports Centre Stadium.

Europe ended a weeks-long work stoppage in Germany including a hunger strike after reaching a pay deal at the weekend, labour representatives said. Edwin Atema, head of the Road Transport Due Diligence Foundation, which monitors and addresses violations of work standards in Europe, said Saturday that the striking truckers had seen their demands met. «All claims and charges against the Graefenhausen drivers are withdrawn, money has been paid and the strike is over,» he said on X, formerly known as Twitter, referring to the location in western Germany where some 80 drivers had set up a protest encampment. Atema, who led the negotiations on the labour side, said the drivers had been previously «invisible» in European road transport supply chains but achieved «fundamental changes» with their industrial action. «Not invisible anymore, but invincible,» he said. The truckers — mostly from Uzbekistan and Georgia, with a handful also from Tajikistan, Ukraine and Turkey — work for several Polish trucking companies owned by the Mazur Group. They said they were not being regularly paid their salaries — at a daily rate of about 80 euros ($85) — and were charged hefty amounts to even take the jobs in the first place while having to work extremely long hours. Believing their Polish employers would not respond to their growing desperation amid the 10-week strike, some of the drivers stopped eating last month. They were demanding a total of 500,000 euros in what they said were unpaid wages.

World Championship bronze medallist boxer Parveen Hooda assured India of a medal and also grabbed a Paris Olympic quota by moving into the 57kg semifinals, but Nikhat Zareen bowed out in the semifinals at the Asian Games here on Sunday. Parveen, who won the bronze medal in the 63kg at the 2022 World Boxing Championships, moved past Uzbekistan's Sitora Turdibekova by unanimous verdict in the quarterfinal. However, Zareen, competing in the women's 50kg category, had to settle for bronze after losing to Rakast Chuthamat of Thailand.

Afghanistan in the Russian city of Kazan that saw participation from India and representatives of the Taliban called for an inclusive government in Kabul, ensuring rights of women and preventing the Afghan territory from being used for spreading terror. India was represented at Friday’s meeting by its Moscow-based envoy Pawan Kapoor. ET was the first to report that India will participate in the Moscow format meet in Kazan on September 29. The fifth meeting of the Moscow format on Afghanistan also witnessed the participation of special representatives and senior officials from Russia, China, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Turkmenistan and Uzbekistan. Representatives of Qatar, the UAE, Saudi Arabia and Turkiye also attended the meeting as invited parties.