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European car market narrows 18.3% in August

ANKARA: The European passenger car market shrank 18.3% year-on-year in August, shifting from a slight rise in the month prior, said an industry group report on Thursday. New passenger car

US stocks soar after Fed’s jumbo rate cut

ISTANBUL: Major US stock exchanges soared at the opening Thursday after the Federal Reserve delivered its largest interest rate cut in 16 years. The Dow Jones industrial average rose 362