High-end brands such as Louis Vuitton and Hermès are looking to other regions as sales in Persian Gulf nations plummet.
Category: Middle East
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Luxury Brands Bet on the Middle East. War Has Damaged Their Plans.
The New York Times – Business: -
China’s Electrostate Is Poised to Win From War in the Middle East
The New York Times – Business:A cluster of Chinese firms is poised to win big from the energy crisis set off by the war in the Middle East, building on booming investment in artificial intelligence.
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I.M.F. Says Iran War Will Drag Global Growth Lower
The New York Times – Business:Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
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Fresh Food Distributors Add Surcharges as Fuel Costs Rise
The New York Times – Business:Delivering salmon, fruits and other perishable foods has become more expensive as the war with Iran pushes up diesel prices.
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This Is What Happens When the Gas Runs Out
The New York Times – Business:With a cutoff in shipments imminent, Asian countries, the biggest importers of liquefied natural gas from the Middle East, are already burning more coal and reducing consumption.
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What Happened After a U.S. Warship Hit an Iranian Mine in 1988
The New York Times – Business:President Trump has suggested providing escorts for stranded tankers. A mine strike on a U.S. frigate in the Persian Gulf shows the perils of doing so.
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War in Iran Is Disrupting Air Travel, Hitting Middle East Hardest
The New York Times – Business:Some airlines and travelers, especially in the Middle East and elsewhere in Asia, are bearing the brunt of the pain, while others are doing better.
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As War Disrupts the Gulf, India’s Growth Story Faces New Risks
The New York Times – Business:Generations of Indian workers and businesses have turned the Arab side of the Gulf into a vital appendage of their own country.
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How the Iran War Narrowed Flight Corridors Between Europe and Asia
The New York Times – Business:One of the few paths left between the two continents threads through Azerbaijan, Georgia and Turkey, as global conflicts complicate aviation logistics.
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Democrats Demand Answers on Jared Kushner’s Mideast Business Dealings
The New York Times – Business:Two prominent lawmakers wrote to the White House and Mr. Kushner after The New York Times revealed private fund-raising efforts by President Trump’s envoy in the region.
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In Dubai, the World’s Luxury Brands Face a Wartime Crisis
The New York Times – Business:Executives for high-end brands worry that a prolonged war will hurt sales in a city important to the future of the luxury industry.