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January 2025

Louis Vuitton Joins Formula 1 as Title Partner of Australian Grand Prix

Paris: French fashion house Louis Vuitton has entered Formula One as a global partner and will serve as the title partner for the 2025 season-opening Australian Grand Prix, Formula 1 confirmed on Thursday. “We are thrilled to welcome Louis Vuitton as title partner for our first 2025 race. This is

Turkish Banking Sector Sees $18.8B Net Profits in 2024

Ankara: Net profits of Trkiye’s banking sector totaled 658.97 billion Turkish liras ($18.77 billion) in 2024, the country’s banking watchdog said Thursday. The banking sector’s net profits climbed 6.2% compared to 2023. According to Anadolu Agency, data from the Banking Regulation and Supervision Agency (BDDK) revealed that the total assets

Eurozone Economy Stagnates in Q4, Defying Market Estimates

Brussels: The euro area’s gross domestic product (GDP) in the fourth quarter of 2024 unexpectedly remained stable, according to a flash estimate released on Thursday. This stagnation marks a slowdown from the 0.4% quarter-on-quarter growth recorded in the third quarter, Eurostat data showed. According to Anadolu Agency, markets had projected