Global Glance: European Central Bank adds half a trillion Euros in stimulus; Trump settles on Pruitt to lead EPA

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Here are today’s top business headlines from across the nation and world:

European Central Bank adds half a trillion Euros in stimulus

FRANKFURT, Germany (AP) — The European Central Bank is adding half a trillion euros ($579 billion) in stimulus to the eurozone economy as it hopes to support growth as Europe heads into what could be a tumultuous election year. The chief monetary authority for the 19 countries that use the euro said Thursday it would keep injecting money into the economy through its bond-buying program until at least December, past the previous end date of March. Read more

Trump settles on Oklahoma’s attorney general to lead EPA

WASHINGTON (AP) — President-elect Donald Trump confirmed on Thursday that he will nominate Oklahoma Attorney General Scott Pruitt, a global warming skeptic, to lead the Environmental Protection Agency, which he has repeatedly sued and derided for pursuing an “activist agenda.” After word broke Wednesday of the expected pick, environmental groups took a strong stand against Pruitt, describing him as a puppet of polluters. Representatives of mining and oil interests cheered Trump’s choice. Read more

China trade in November rebounds from slump

BEIJING (AP) — China’s exports grew in November for the first time in nine months while imports also rose in a sign global and domestic demand are recovering. Exports rose 0.1 percent to $19.7 billion, an improvement over October’s 7.3 percent contraction, customs data showed Thursday. Imports rose 6.7 percent to $15.2 billion, up from the previous month’s 1.4 percent decline. The trade slump has added to pressure on communist leaders to prop up weak economic growth and avoid politically dangerous job losses. Read more

Starbucks to boost number of shops, add more food to menu

NEW YORK (AP) — Starbucks, looking to the future as its longtime CEO moves to other projects, plans to open 12,000 new locations within five years to boost its number of coffee shops worldwide by almost 50 percent. The Seattle-based chain is also adding more food to its menu next year, including organic soups, gluten-free breakfast sandwiches and a wheat-free cooked egg product. And sometime in 2017, customers will be able to talk to the Starbucks app to order a latte or cookie instead of tapping their smartphones. Read more

Airlines project ‘soft landing’ in 2017 after record profits

GENEVA (AP) — The world’s leading association of airlines is lowering its projection for record industry net profit this year, while predicting a 16 percent drop next year due to rising oil prices. The International Air Transport Association forecasts profit of $35.6 billion this year, down from its previous projections for $39.4 billion due to slower economic growth and rising costs. Profit is expected to be $29.8 billion in 2017. Read more

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