Europe News

CNBC's Silvia Wadhwa has been at the annual European Banking Congress in Frankfurt and spoke to key decision makers about the financial sector. She has this report.

There were just a scattering of new orders as the Dubai air show hits week, suggesting the airline sector is still smarting from the financial crisis. CNBC's Guy Johnson has more.

The European Union selected its first ever president Thursday, but did it miss an opportunity to increase its standing on the world stage? CNBC's Carolina Cimenti investigates.

The EU's choice of Herman Van Rompuy as its first president gives the union a lot of credibility and shows it doesn't pander to political pressure, Elizabeth Carey from Clontarf Capital told CNBC Friday.

Turkey's largest mobile phone operator, Turkcell expects sales growth to rise by 10% next year as the introduction of 3G technology will push revenues higher. "We are projecting 10% growth improvement in our EBITA margin as well," Turkcell CEO Sureyya Ciliv said Friday.

The UK government needs to focus on rebalancing the public finances, Richard Lambert, director-general of the CBI, told CNBC Friday. Lambert added that weakness in sterling could help restore the UK's lost manufacturing base.