Ukraine’s Zelenskyy: Russian missiles and drones contain Western-made components
Ukrainian President Volodymyr Zelenskyy has alleged that Russian missiles and drones contain tens of thousands of components sourced from Western comp...
S&P Global Ratings has revised Uzbekistan’s outlook to positive from stable, affirming its 'BB-/B' ratings. The change reflects steady economic reforms, resilient growth, and support from high gold prices, which are helping stabilize the country’s fiscal and external positions.
S&P Global Ratings upgraded Uzbekistan’s outlook to positive, citing ongoing structural reforms, robust domestic demand, and high gold prices as key factors boosting growth and fiscal stability. The agency affirmed the country's 'BB-/B' long- and short-term sovereign credit ratings.
Uzbekistan’s economy is projected to grow by 5.6% on average through 2028, driven by government-led investment, labor remittances, and energy sector reforms. Plans to gradually increase energy tariffs and reduce subsidies are expected to lower the fiscal deficit from 4.9% of GDP in 2023 to around 3% over the medium term.
Rising gold exports are enhancing fiscal revenues and foreign exchange reserves. While public debt is increasing due to infrastructure spending, it is expected to remain manageable, reaching 34% of GDP by 2028.
However, risks remain due to centralized governance, dependence on commodity exports, and exposure to external shocks.
S&P noted that continued reforms and efforts to strengthen fiscal discipline could lead to a rating upgrade. Conversely, slower growth or rising deficits may stabilize the outlook.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
The Iranian Navy Commander Rear Admiral Shahram Irani is currently in Russia to participate in the meeting of the Caspian Sea Naval Chiefs taking place in St Petersburg.
Uzbekistan is strengthening international partnerships in the energy sector, signing several new deals with Gulf and U.S. companies to expand its renewable capacity, modernise production, and attract billions in investment.
Afghanistan’s Minister of Industry and Commerce, Nuruddin Azizi, met with Turkish envoy, Ambassador Cenk Ünal in Kabul on Sunday 5th October to discuss matters of mutual economic importance.
Azerbaijan is hosting high-level discussions with the Organization of Turkic States in Gabala, where officials are reviewing preparations for the upcoming summit and discussing ways to enhance cooperation on peace, regional connectivity, and sustainable development.
Swiss and Spanish activists from an international flotilla that attempted to deliver aid to Gaza last week said they were subjected to inhumane conditions during their detention by Israeli forces.
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