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September 19, 2024

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 registrations in the EU fell to 643,637 units in August, the E…

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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 points, or 0.87%, to 41,864 at 9.51 a.m. EDT (1351GMT). The San…

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