Top US airline industry group Airlines for America has predicted a pickup in air passengers in summer this year.

As per the industry group’s prediction, nearly 209 million people will travel using country’s carriers starting June through August. The projected figure represents a growth of 1 per cent from the corresponding period of the previous year.

As per recent reports, it has been revealed that Airbus SAS does acknowledge the fact it has been falling short of buyers for its flagship A380. The double-decker planes need some great marketing, said the Airbus SAS.

The price of oil was reported to increase o Tuesday after the U. S. retail sales sought an unexpected rise in April. The price of oil for June delivery was up six cents to $95.23 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. On Monday, the contract fell 87 cents to $95.17 per barrel on the Nymex.

According to reports, the US has sent out warnings to Japan saying that the country should not hold down the value of their currency to gain any advantages in the world markets.

On Monday the U. S. stock-index futures slipped on Wall Street and are likely to have negative impact on the budget. European shares went down during first trade in the morning and fell lower from their five year highs last week.

Probes of financial irregularities have led online prediction betting site, Intrade, to shut its operations. The site has revealed that it is not possible to make payment to any of the members until investigation gets over.

Moreover, it said that it has shut and settled all open contracts at fair market value until Sunday.

The European shares are getting lower from its four and a half year high due to China's weak economic data and Italy's weak factory output and increasing consumer demands.

European Central Bank President Mario Draghi has said that in order to reduce cuts in the ECB, Europe's economy has to meet the worst stage.

While during her initial few months in office, like any other freshman lawmaker, Elizabeth Warren had maintained a low profile, the same now seems to realize a change.

Deutsche Telekom, parent company of T-Mobile USA has announced that though the merger of T-Mobile USA and MetroPCS has been allowed by the U. S. Department of Justice, the proposal still needs to be approved by a number of other authorities.