reality and it s stupid so why would president trump be interested in buying a place with a population less than a 10th that of washington d.c. where the island is rich in various minerals including coal zinc copper and iron ore or perhaps he thinks it could provide a handy strategic outpost whatever his motivations may or may not be denmark s response suggests he ll have to put the idea on ice. let s take a look at some of the other global business stories making news. general electric s stock rebounded friday after the company s c.e.o. bought nearly 2000000 dollars in shares as well as market analysts speaking out to defend the company s financials shares in the u.s. industrial giant had plummeted thursday afternoon counting expert accused the company of concealing huge losses. steelmaker employees 5000 workers and another
government doesn t like the practice but so far it s been reluctant to go as far as banning such capital outflows. general electric is to cut some twelve thousand jobs worldwide including six thousand five hundred in germany the cuts will come mainly in its power and gas division the u.s. industrial giant projects dwindling demand for fossil fuels in the face of rapid growth in renewables like wind and solar. expects savings of over a billion euros with a downsizing. the european union has blacklisted seventeen countries worldwide for being tax havens this is part of attempts to crack down on jurisdictions that deprive the e.u. of billions in tax revenues by shaming them publicly the e.u. hopes to persuade these countries to make reforms included on the list are south korea. panama. aid organizations like oxfam have complained that european tax