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HELIOS LUXE HOSTS FIRST-EVER INDIAN RETAILER EVENING IN GENEVA

4/17/2026

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​GENEVA, SWITZERLAND — April 15, 2026 -- Helios Luxe, the luxury watch retail arm of Titan Company Limited (Tata Group), hosted a landmark evening during Watches and Wonders Geneva—marking the first time an Indian retailer has convened an exclusive gathering in Geneva to bring together global industry leaders, partners, and policymakers for a focused dialogue on the future of luxury watch brands in India.

Held alongside the world’s most prestigious horological showcase, the evening moved beyond a traditional brand gathering to become a strategic platform for networking and exchange—bringing India into sharper focus as one of the fastest-growing and most significant markets for international watch brands.

The intimate gathering welcomed distinguished guests including Rahul Srivastava, general consul and minister from the Permanent Mission of India in Geneva, Nik Gugger, member of the Swiss National Council, Erwin Bollinger, ambassador to the WTO, Aditya Yellepeddi of the Swiss Indian Chamber of Commerce, alongside senior leadership from Helios Luxe and its global brand partners.

Hosted at NOWHERE, the most selective private members’ club in Geneva known for convening influential voices across art, business, and culture, the evening provided a contemporary and immersive setting that reflected a new generation of global luxury—one defined by connection, conversation, and shared opportunity.

For the first time in Geneva, a retailer-led evening created a dedicated space for meaningful discussions around India’s rising prominence. Conversations throughout the evening centred on the impact of the Swiss-India Free Trade Agreement (TEPA) in progressively easing market entry barriers, the country’s rapidly expanding base of affluent and globally aware consumers, and the growing appetite for distinctive international watch brands.

Helios Luxe also highlighted its role as a strategic gateway for global watchmakers entering India—offering not only curated retail environments but also the ability to navigate regulatory complexity, localise brand storytelling, and build long-term market presence. With 10 boutiques across key metropolitan cities and a clear roadmap for expansion, the platform is enabling brands to scale meaningfully within a complex but high-potential market.
More than a celebration, the evening served as a clear statement of intent—positioning India not as an emerging market, but as a central force shaping the future of luxury watchmaking. Since 2020, Swiss watch exports to India have surged by over 165%, with projections placing India among the top 10 global markets by 2028. With the market expected to reach $5 billion by 2030, the momentum continues to accelerate.

“India is no longer a peripheral market—it is central to the future growth of luxury watchmaking,”
said Rahul Shukla, Vice President, Watches Division, Titan Company Limited, adding that “this evening reflects both the momentum we are seeing and the partnerships we are building for the future.”

Backed by the Tata Group’s 150+ year legacy, Helios Luxe continues to strengthen its position as a long-term partner for global watch brands—combining experience-led retail, strategic expansion, and a deep understanding of the evolving Indian luxury consumer.
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eToro survey, ​Commodities are now UAE retail investors’ favourite asset

4/16/2026

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George Naddaf, Managing Director at eToro (MENA).

Abu Dhabi, United Arab Emirates, 16 April 2026: Against a backdrop of geopolitical turmoil, commodities have now surpassed crypto as the most popular asset class among retail investors based in the UAE, according to the fifth edition of eToro’s UAE Retail Investor Beat. The survey of 1,000 UAE retail investors points to a preference for gold and oil in particular, in anticipation of higher prices in the next six months.

Commodities have been a hot topic for a while now, especially in the UAE. The survey shows that 56% of
local investors are now investing in commodities such as gold and oil, up from 47% in August 2025, the last
time eToro conducted its survey. Among all asset classes, commodities recorded the highest jump in holders, whereas crypto, previously the most popular asset class, saw no change in its share of holders (54%).
Commodities are drawing particular interest from local investors amid the current geopolitical climate.
Among the 80% of investors who have already adjusted or plan to adjust their portfolios in response to tensions in the Middle East, 56% are buying more precious metals and 43% are buying more energy commodities.

Energy, materials and renewables see stronger interest

Further to this, sector allocations linked to commodities have increased. 40% of investors are currently
invested in the energy industry, up from 31% in August 2025. The materials industry also saw a jump from
22% to 27%, while renewables saw a rise from 21% to 25% over the same period. Renewables were named
the sector that most investors plan to invest in within three months (41%), as recent volatility in oil and gas
prices highlighted the importance of energy diversification. 

George Naddaf, Managing Director at eToro (MENA) commented: “UAE retail investors are showing they can read the room and quickly adjust their portfolios in response to evolving macro conditions. With
ongoing geopolitical tensions, investors are actively looking for opportunities amidst the volatility in
commodities and related sectors. This also aligns with the broader long-term shift towards real assets and
exposure to the ‘old economy’ that we are seeing globally.
Moreover, growing interest in renewables shows that retail investors are not only focused on the immediate picture. In the UAE, where non-oil sectors already contribute more than 70% of GDP, clean energy is part of a much bigger diversification story. Recent disruptions have shown us how exposed global markets can be to energy supply shocks, which is why energy diversification is increasingly being seen as both a strategic priority.”


Gold takes the gold 

Among those invested in commodities, nearly half (47%) allocate more than 20% of their portfolio to the asset class. Gold is the most widely held commodity with 88% of commodity investors holding the precious
metal, followed by oil at 47%, silver at 41% and natural gas at 29%. Popular agro-commodities include coffee (11%), wheat, cocoa, and sugar (all at 7%).
The survey found that retail investors were largely split between two motivations for holding gold: its role as a long-term store of value, and the expectation that prices may continue to rise – each cited by 53% of respondents.

UAE investors expect oil and gold prices will rise 

The survey also shows investors’ bullishness about the top two most popular commodities. 92% of investors think oil prices will rise in the next 6 months, while 84% think gold prices will rise over the same period. 
Investors don’t just think prices will rise slightly – almost half (46%) think oil prices will surge more than 15%, while over half (57%) think gold prices will jump more than 10%. 

George Naddaf, Managing Director at eToro (MENA), commented: “Gold and oil have experienced notable volatility in recent months, largely influenced by ongoing developments in the Middle East. Both assets carry particular cultural and economic importance in the UAE. Despite recent price fluctuations, sentiment among local investors remains constructive over the coming six months, with attention on underlying factors such as continued central bank activity in gold and supply dynamics in the oil market.”

The survey, commissioned by the trading and investing platform eToro, sampled 1,000 retail investors residing in the UAE. The survey was conducted from March 13, 2026 – March 26, 2026 and carried out by research company Appinio. Retail investors were defined as self-directed or advised and had to hold at least one investment product including shares, bonds, funds, investment or equivalent. They did not need to be eToro users.
eToro is a group of companies that are authorised and regulated in their respective jurisdictions. The regulatory
authorities overseeing eToro include:
 The Financial Conduct Authority (FCA) in the UK
 The Cyprus Securities and Exchange Commission (CySEC) in Cyprus
 The Australian Securities and Investments Commission (ASIC) in Australia
 The Financial Services Authority (FSA) in the Seychelles
 The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) in the UAE
 The Monetary Authority of Singapore (MAS) in Singapore 

This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments.
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eToro launches AI-powered App Store for trading and investing ecosystem

4/14/2026

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 eToro, announcing the launch of its AI-enabled eToro App Store, a new application ecosystem designed to transform how users build, access and scale trading and investing tools.

The App Store introduces a marketplace for developers, startups and investors to create and distribute applications directly within the eToro platform, supported by a dedicated builders portal with API access and AI-powered no-code capabilities. At launch, users can explore a range of apps offering advanced analytics, automation, portfolio management and market insights, further enhancing the investing experience.
Commenting on the launch, Yoni Assia, Co-founder and CEO of eToro, said: “Investing has always evolved with technology, but AI is accelerating that in ways we couldn’t have imagined a few years ago. The eToro App Store opens up financial innovation to anyone with an idea.”

eToro, is also announcing the relaunch of its AI investing companion, Tori, now enhanced with real-time market intelligence from X powered by Grok 4.2.
 
The update introduces persistent memory for more personalised insights, alongside real-time sentiment analysis drawn directly from X. eToro has also launched Agent Portfolios, enabling users to create and manage AI-driven investment strategies through conversation, marking a significant step in embedding AI at the core of the investing experience.
 
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UAE retail investors buy the dip on AI infrastructure and enterprise tech inQ1 despite ‘SaaSpocalypse’ fears

4/14/2026

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Abu Dhabi, United Arab Emirates – April 14, 2026: Against a backdrop of geopolitical conflict in the Gulf and rising investments in AI, retail investors increased their exposure to software and AI infrastructure stocks whose share prices have taken a hit in the first quarter of 2026, according to the latest data from trading and investing platform, eToro.

eToro looked at which companies saw the largest proportional change in holders quarter-on-quarter (table 1)
and also examined the 10 most held stocks on the platform among users based in the UAE (table 2).
Software and SaaS names featured prominently in the Q1 top risers list, suggesting UAE investors used the
sector-wide sell-off to buy the dip. ServiceNow topped the list with a 125% jump in holders as its share price
fell around 32% in Q1, although in the same quarter it announced partnerships with AI heavyweights OpenAI
and Anthropic. Adobe ranked third (54% increase in holders) even as the stock came under pressure over
concerns about its ability to defend its core software business against AI disruption. Shares were down about
25% by mid-March, along with news that the chief executive would step down, suggesting UAE investors were buying during the pullback.

AI infrastructure was another clear theme in Q1: Super Micro Computer (+65%) in second place, followed by
Micron (+39%) in fifth, and Oracle (+38%) in sixth. Investors appear to have bought into a late-quarter sell-off with Super Micro Computer. The stock had traded largely sideways before tumbling 33% after US prosecutors charged the co-founder over an alleged scheme to smuggle Nvidia-powered servers to China. Oracle also fits the buy-the-dip theme. The stock has been volatile amid concerns about spending tied to its AI cloud expansion.
The standout exception was Micron, one of the few names in the group to post stock price gains over the
quarter. The move was driven by stronger momentum from surging demand for AI memory chips and limited
new supply.

George Naddaf, Managing Director at eToro (MENA), said: “In Q1, UAE investors approached technology with
selectivity and opportunism. Some of the companies that drew the strongest increase in holders had fallen to
around 25% to 33%, suggesting investors were willing to buy into the sell-off where they still saw long-term value.”
He added: “Despite talk about the ‘Saaspocalypse’, the idea that AI will dismantle traditional SaaS business
models, UAE investors showed sustained interest in software. They are honing in on companies that they
believe have a clear role in the tech value chain and potential for monetisation. While geopolitical tensions
added to market volatility, the pattern in holdings suggests UAE investors were driven more by sector conviction than by a broad risk-off mindset.”

Other Q1 risers spanned multiple sectors. Investors pushed e.l.f. Beauty to fourth place by increasing holdings 52%. They also drove gains in Duolingo, Gorilla Technology, Hims & Hers Health, and SoFi Technologies, highlighting interest in companies across digital education, IT services, telehealth, and fintech.
Q1’s ‘top fallers’ list featured a mix of industries. Twist Bioscience Corporation led the pack with a 90% decrease in holders, followed by Okta (-49%) and CoreWeave (-47%). BioMarin Pharmaceuticals also saw a big decline, with holders down 35% QoQ.
The most widely held stocks were largely unchanged from last quarter, with only minor reshuffles in the top
half. NVIDIA held onto first place, while Amazon rose to second, and Microsoft to fourth. Tesla slipped to third and Apple to fifth, while positions six to ten remain unchanged.
Naddaf remarked: “Local investors’ selective approach to technology is further evidenced by the fact that AI
and tech companies feature in both the risers and fallers lists. They appear to be making efforts to distinguish
between the winners and laggards of the AI revolution.”


Looking at the most held ranking, he added: “It suggests UAE investors are continuing to treat these names as core positions rather than short-term trades. NVIDIA held onto the top spot, while Amazon moved up to
second and Microsoft climbed to fourth, but the ranking is largely unchanged. This points to continued
conviction in mega-cap technology companies contributing to AI infrastructure and enterprise applications. In a quarter marked by uncertainty, that kind of stability points to a confidence in scale, earnings visibility, and relevance.”


Past performance is not an indication of future results.

The tables compare data from the eToro platform on the final day of Q1 2026 with the final day of Q4 2025.
The data refers to funded accounts of eToro users in the UAE.
The data in the first table shows the 10 stocks that have seen the largest proportional increases and decreases
in holders on the eToro platform quarter-on-quarter (Q1 2026 vs Q4 2025).
The data in the second table shows the top 10 most-held stock positions (open positions) by investors on the
eToro platform at the end of Q1 2026. As the vast majority of stocks traded on eToro are real assets, this data
does not include positions held as CFDs. Stock price data from Yahoo Finance.
All data accurate as of after market close on 31 March 2026.

eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in
2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today
we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and
that we can become more successful by investing together. So we’ve created a collaborative investment
community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro,
you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a
portfolio, or copy other investors. You can visit our media centre here for our latest news.

Disclaimers:
Not investment advice. eToro is a multi-asset investment platform. The value of your investments may go up
or down. Your capital is at risk.

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SpaceX IPO Set to Become Largest in History, Marking a Defining Moment for Global Markets

4/11/2026

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Josh Gilbert, Market Analyst at eToro

Abu Dhabi, UAE – April 01, 
SpaceX is reportedly preparing to go public in what could become the largest IPO in history, with a potential valuation exceeding USD $1.75 trillion and plans to raise up to USD $75 billion. If confirmed, this would surpass Saudi Aramco’s 2019 listing, which raised USD $29.4 billion.
The listing would mark the first opportunity for public market investors to gain exposure to Elon Musk’s space ecosystem. SpaceX has established itself as a global leader, with its Starlink broadband network generating significant revenue and its launch capabilities dominating the commercial space sector.
Proceeds from the IPO are expected to fund the continued development of Starship, expand Starlink into new verticals, support defence-related initiatives, and accelerate investments in AI infrastructure, including the concept of space-based data centres.
The company’s recent merger with xAI introduces an additional dimension for investors.
While the move creates a vertically integrated innovation platform spanning space and artificial intelligence, it also raises questions around valuation, given xAI’s capital-intensive
nature.

Josh Gilbert, Market Analyst at eToro, commented: “SpaceX’s IPO represents a watershed
moment for global markets. It’s not just about gaining exposure to a leading space
company, but about investing in a broader ecosystem that spans connectivity, defence, and
artificial intelligence. However, the complexity of the business model — combining a highly
profitable space and broadband operation with a capital-intensive AI venture — means
investors will need to carefully assess whether the proposed valuation is justified.”


The IPO also has implications for Tesla investors, as Tesla holds a stake in SpaceX following its USD $2 billion xAI investment. Increasing operational ties between the companies have fuelled speculation about a potential future merger, which could create a new type of multi-sector technology conglomerate.
Notably, SpaceX is expected to allocate a significant portion of shares to retail investors, potentially up to 30%, signalling a shift in how major IPOs engage with individual market participants.
As anticipation builds, the key question for investors remains whether the scale, ambition,
and integration of SpaceX’s business lines can support what would be one of the most
ambitious valuations ever seen in public markets.
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ELITE Private Wealth Summit at Fairmont, San Juan, PR from May 3-5, 2026

4/8/2026

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ELITE Private Wealth Summit takes place at Fairmont El San Juan in San Juan, PR, from May 3-5, 2026 organised by JABOY Productions. 
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ELITE Private Wealth Summit by JABOY Productions is “By Invitation Only” summit is exclusively for Independent RIAs, Family Offices and HNWI. After successful ELITE Global Leaders Conference in Zurich last month, the next destination is San Juan. Please see more info on, www.jaboyproductions.com.

This summit is designed to provide attendees with valuable Speakers that will include:

Sharon Lechter – Co-author, “Rich Dad Poor Dad”
Peter Schiff – Financial Commentator / Founder, Euro Pacific Asset Management LLC Mgmt.
Harry S. Dent, Jr. – Author \ Editor of HS Dent Forecast
Jon “DRJ” Najarian – Co-founder, Market Rebellion
Brad Sumrok – Founder & CEO Sumrok Multifamily
Michael Maloney – Author, Guide to Investing in Gold & Silver
Papi (PJ) DiNuzzo – Author \ Manifestation Mastermind Coach
Jimmy Hayes Nelson – Co-founder, Well Crafted Story

Many more... Stay tuned for more updates here and on the official website.
​
read also
ELITE Global Leaders Conference, in Zurich, Switzerland 2026

Interview with Larisa Miller, CEO of Phoenix Global Group  Holdings, Inc., board member, author

ELITE Global Leaders Conference in Dublin 2025


Watch Interviews with

Neil Greene, CEO of JABOY Productions, USA
Howard Levine, a property tycoon from Los Angeles in conversation with Princess Jhanvi Kumari Mewar - YouTube Part 1
Part 2 In conversation with Princess Jhanvi Kumari Mewar
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UAE Investors Eye $39.4B GLP-1 Market Despite Healthcare Sector Weakness

4/8/2026

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By Josh Gilbert, Market Analyst at eToro

Abu Dhabi, UAE – April 07, 2026: The healthcare sector has faced a difficult start to 2026, declining 5.5% year-to-date and underperforming the broader S&P 500, which is down 3.3%. However, the divergence in performance across the sector highlights a growing gap between winners and losers, reinforcing the importance of selective stock picking.

Several major pharmaceutical companies have delivered strong returns, with Moderna up 65%, Johnson & Johnson rising 16.8%, Merck gaining 14.4%, Pfizer up 12.4%, and Gilead Sciences advancing nearly 16%. This reflects investor preference for companies with robust pipelines, resilient earnings, and clear strategic catalysts, while higher-growth, higher-valuation names have come under pressure.

“Healthcare is increasingly becoming a stock-picker’s market,” said Josh Gilbert, Market Analyst at
eToro
. “Investors are prioritising companies that can deliver consistent performance regardless of
macro uncertainty, and that’s where established pharma players are standing out.”

The GLP-1 obesity drug market remains one of the most significant growth stories in the pharmaceutical landscape. Global sales are projected to reach USD 39.4 billion (AED 144.7 billion) in 2026 and could exceed USD 100 billion (AED 367.25 billion) by the end of the decade. However, recent developments have introduced near-term headwinds for key players.
Novo Nordisk shares have declined 24% year-to-date following weaker sales guidance and disappointing trial results for its next-generation obesity drug, CagriSema. Eli Lilly has also fallen 14%, driven by valuation concerns and questions around the total addressable market. Additionally, a recent agreement with the White House to reduce GLP-1 drug prices by 25–35% is expected to cut combined US obesity drug revenues by USD 2–3 billion (AED 7–11 billion) this year. “While the long-term opportunity in GLP-1 remains substantial, the market is starting to price in competitive and regulatory pressures,” Gilbert added. “Much like the AI space, this is becoming a race to scale efficiently and maintain innovation leadership.”
New entrants are also shaping the landscape. Hims & Hers Health, despite shares falling 37% amid regulatory scrutiny, has attracted attention through its partnership with Novo Nordisk, enabling direct-to-consumer access to GLP-1 treatments via a digital platform. The company has already built a subscriber base of 2.5 million, reflecting growing demand for more accessible, tech-enabled healthcare solutions.
Beyond pharmaceuticals, momentum is building in healthcare technology and wearables. WHOOP recently secured USD 575 million (AED 2.1 billion) in funding at a USD 10.1 billion (AED 37 billion) valuation, with backing from major investors including Mubadala, Qatar Investment Authority, Abbott, and Mayo Clinic. The company has indicated that an IPO could be the next step.
“This signals a broader shift towards AI-driven, subscription-based health ecosystems,” said Gilbert.
“Investors are increasingly recognising digital health and wearables as the next major frontier in
consumer technology.”

Overall, the healthcare sector continues to offer a compelling investment case. Its defensive  characteristics remain attractive in a volatile, headline-driven market, while long-term structural trends—from GLP-1 innovation to digital health adoption—continue to accelerate.
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Emirates Global Aluminium says full production recovery from attack could take one year

4/3/2026

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​United Arab Emirates, 3 April 2026: Emirates Global Aluminium today provided an initial assessment of operations following the recent Iranian attacks on the company’s Al Taweelah site, one of the biggest aluminium production complexes in the world.
The Al Taweelah site sustained significant damage in result to the Iranian missile and drone attacks at Khalifa Economic Zone Abu Dhabi. The site, including the smelter and Casthouse, power plant, Al Taweelah alumina refinery, and Al Taweelah recycling plant, was fully evacuated and the facilities entered emergency shutdown.
To resume operations at the smelter, EGA must repair infrastructure damage and progressively restore each of the reduction cells. Early indications are that a complete restoration of primary aluminium production could take up to 12 months.
Al Taweelah alumina refinery and Al Taweelah recycling plant may be able to restart some production earlier, depending on the final assessment of site damage.

Abdulnasser Bin Kalban, Chief Executive Officer of EGA
, said: “We are deeply disturbed by this attack on our people, who come from more than 40 nations and were simply doing their jobs. We thank God no one
received life-threatening injuries and that those hurt are recovering well.

 “Our Al Taweelah site is a foundation of the global economy, and a significant contributor to global supply, making this incident damaging to industries and prosperity worldwide. We will do our very best to support our customers around the world during this difficult period. We are working directly with customers whose deliveries might be impacted by the situation at Al Taweelah.”

​Al Taweelah smelter produced 1.6 million tonnes of cast metal in 2025. EGA has substantial metal stock on the water, and on the ground in the UAE and some overseas locations.
Al Taweelah alumina refinery produced 2.4 million tonnes of alumina in 2025, and met 46 per cent of EGA’s total alumina needs.
Al Taweelah recycling plant has an annual production capacity of 185 thousand tonnes per year.
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LVMH inaugurates the seventh LIVE Campus in Bordeaux

3/31/2026

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Since its creation in 2019, LIVE - L'Institut des Vocations pour l'Emploi has offered an inclusive and ambitious professional integration program, with more than 2,500 people already supported. By inaugurating this seventh campus in Bordeaux, LVMH reaffirms its long-term commitment to helping beneficiaries build professional projects and providing them with all the tools needed to implement them.

It is in the heart of the Bordeaux metropolitan area, Quai des Chartrons, that LIVE - L'Institut des Vocations pour l'Emploi is opening its seventh campus, marking a new milestone in its expansion and strengthening its national presence with a new location in the greater Southwest of France. Organized in the presence of Brigitte Macron, President of LIVE, Antoine Arnault, Image and Environment of LVMH, Maud Alvarez-Pereyre, Group Chief Human Resources Officer of LVMH and Olivier Théophile, General Director of LIVE and Group SVP Social Engagement of LVMH, this event was also an opportunity for beneficiaries to define their career paths.
The Nouvelle-Aquitaine region and the city of Bordeaux provide a particularly favorable environment for hosting the campus. LIVE integrates into a network of committed local partners, companies, public authorities and nonprofit organizations, essential to the success of future beneficiaries.
The Bordeaux campus, like the six other LIVE campuses, the Bordeaux campus, will welcome two annual cohorts of 50 to 60 people. In total, 700 places will be offered each year across all campuses to those wishing to implement a new professional life project. Since its creation in 2019, more than 2,500 people have already been supported, with an employment access rate exceeding 80% ten months after entry.

“With LIVE, LVMH expresses a strong conviction: to go beyond its business activity and consistently assume its contribution to the common good, embedding its social impact over the long term. Ultimately, this is about ‘giving back’ - not as a one-time gesture, but as a responsibility commensurate with what the Group represents,” said Antoine Arnault, Image and Environment, LVMH.

Supporting the LIVE institute is one illustration of the commitment of LVMH and its Maisons, which in 2025 helped more than 2.5 million people through various initiatives.

“The mission of Human Resources at LVMH is to transform career paths by revealing talent, regardless of background or origin. With this seventh LIVE campus in Bordeaux, we are strengthening long-term support, as close as possible to individuals, and focused on those whom life has sometimes set aside. This is where our commitment takes on its full meaning: restoring confidence, opening up opportunities, and enabling everyone to build their place,”
said Maud Alvarez-Pereyre, Group Chief Human Resources Officer, LVMH.
LIVE is currently structured around seven campuses

“With this seventh campus in Bordeaux, we aim to offer as many people as possible the opportunity to transform their professional paths. Each feedback from participants we support reminds us why LIVE exists: to find a life path more aligned with one’s expectations and to continue to grow,” added Olivier Théophile, General Director of LIVE - L'Institut des Vocations pour l'Emploi and Group SVP Social Engagement, LVMH.

Read also 
LVMH Shares Fell Most Ever in First Quarter on Luxury SlumpShares of the luxury bellwether fell 28 percent in the first quarter as the war in the Middle East clouds the global economic outlook and intensifies demand headwinds for luxury goods.​
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