Pilots from Air Berlin have announced a strike after months of unsuccessful wage negotiations. The work stoppage from pilots of Germany's second largest airline can be expected starting from the middle of the week.
The US and EU have launched negotiations for a free-trade deal as the G-8 conference begins in Northern Ireland. A concession on creative pursuits helped to keep France on board.
The world's biggest planemakers Airbus and Boeing have secured a large number of orders during the first day of the Le Bourget air show near Paris. Demand for fuel-efficient long-haul planes was especially strong.
Germany's central bank expects an uneasy ride for the country's economy this year as an upswing in spring will be followed by a summer in the doldrums. Key indicators point to weakening demand, the Bundesbank has said.