Terror attacks are reported around the world today un Berlin, Turkey and Zurich. In Berlin a truck ploughed into crowds at a busy Christmas market claiming the lives of 12 and injuring almost 50 are injured after what police are calling an intentional attack. In Turkey a Russian ambassador was murdered in Ankara. Andrey Karlov, the Russian ambassador, was shot and killed in a gun attack in Ankara, apparently in protest at Russia’s involvement in Aleppo. Russian president Vladimir Putin also said that the incident was a terrorist plot aimed at destroying the two countries’ attempts to reach a solution for Syria. In Zurich a gunman opened fire on people praying inside a mosque, wounding three men.
European markets opened higher on Tuesday after Federal Reserve Chair Janet Yellen gave an upbeat view of the U.S. jobs market and the Bank of Japan kept its policy settings steady, in a widely expected move. Trading activity is likely to remain thin however as the Christmas holidays are approaching. In today’s European markets, Germany’s DAX was last seen trading flat at 11426.00, U.K.’s FTSE 100 dipped 0.1 percent to last trade at 7009.70, France’s CAC 40 added 0.3 percent at 4836.50 while the Euro Stoxx 50 advanced 0.3 percent for the day to last trade at 3264.50 as of 10:00 GMT.
Transportation conglomerate Uber has reported more than $800M in losses for the third quarter, before interest, taxes and stock-based compensation. However, it should be noted that on the bright side, Uber’s revenue is skyrocketing, and its rate of losses have slowed when compared with the previous quarter the prior period. Specifically, net revenue grew to around $1.7B versus $1.1B in the second quarter. It is also important to note that Uber has officially departed from China after being sidetracked by a rival app.
General Motors Co. has announced that it plans to lay off nearly 1,300 employees at its Detroit factory starting March, amid ever slowing demand. The company would also temporarily cut production at some other factories in order to reduce surplus inventories. Reports also claim that the auto giant would eliminate the second shift at Detroit-Hamtramck factory, which will in turn affect 493 regular production employees, 638 temporary workers, and others covered by United Auto Workers.