'We've seen constraints in countries like Vietnam and Thailand on air travel, but this is also spilling over to Europe,' an ING analyst told CNBC.

The IMF said that the U.K. will be hardest hit out of all developed economies as a result of the Iran war.

The Chinese foreign ministry said only a "comprehensive ceasefire" would help ease the ongoing crisis in the Middle East.

The partnership will enable Novo to better use AI to analyze complex datasets, and identify promising new drugs.

The luxury sector had shown some signs of a long-awaited recovery after a years-long slump prompted by soft demand from Chinese consumers.