World’s richest man, Bernard Arnault, lost around $11.2 billion from his fortune in one day due to the softening of the US economy, which is likely to dampen luxury goods demand. The investor of LVMH, offering brands such as Louis Vuitton, Moet & Chandon, and Christian Dior, experienced a 5% fall in LVMH shares in Paris. Despite the shares’ slump, Arnault still has a net worth of $191.6 billion, having added $29.5 billion so far this year. Deutsche Bank analysts forecast that the international investors may become selective with European luxury stocks due to slowing growth in the US, which might affect the LVMH share price as well.
Tata Power shares slide 4% after company loses $490 million arbitration challenge in Singapore. What’s the case about?
Tata Power shares tumbled after the Singapore International Commercial Court dismissed the company’s challenge to a $490 million arbitration award in favour of Kleros Capital
August 27, 2026