LVMH’s billionaire boss says luxury group’s recovery hinges on the conflict being resolved quickly

French group expects Middle East conflict to boost orders, from rockets to air surveillance systems

Retailers flag weak outlook as consumers rein in spending

Closely watched Purchasing Managers’ index points to first contraction in 16 months in private sector activity

Arnault warned of "very serious" economic consequences of the Iran war after the conflict hit the luxury conglomerates first-quarter sales last week.

LVMH’s billionaire boss says luxury group’s recovery hinges on the conflict being resolved quickly

Expensive rooms go unsold as Iran conflict disrupts Gulf travel and dents demand from big-spending guests

Region’s sovereign wealth funds review their portfolios as Middle East war heightens economic strain