7x7 News

The French government has vowed to defend the crisis-hit bank, Societe Generale, from any hostile takeover. But analysts warn the state has limited power to protect the troubled giant from market predators after a loss of 4.82 billion euros in a trading scandal. Bank chief Daniel Bouton has shaken off rumours of his ouster; the bank’s board of directors “unanimously reaffirmed its confidence” in him during a crisis meeting on Wednesday.

Continue reading “Societe Generale head is saved”

Cloned Embryos: A big medical breakthrough relating to stem cell research in which scientists used skin cells to produce embryos were clones of two men was a hot topic that local people, including researchers discussed.

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The US has released new footage of the naval stand-off between Iranian patrol boats and US warships.

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Animal rights protestors pretend to be grocery store meat products to promote a vegetarian holiday season

Ford’s UK unions have voted to support Tata’s bid but investors have cooled over fears that the acquisition is too complex given their other ambitious expansion plans.

Rolls-Royce announced at the Dubai Airshow that Emirates Airline has ordered Trent XWB engines to power up to 120 Airbus A350 XWB aircraft. The business is potentially worth up to $8.4 billion at list prices, if all options are exercised, including a long-term TotalCare® services agreement. The Rolls-Royce Trent XWB is currently the only engine available on the A350 XWB family. Emirates has ordered 50 firm A350-900 and 20 A350-1000 aircraft, with 50 option rights, due for delivery from 2014. The Trent XWB is the fourth version of the Trent family ordered by Emirates and will bring its Trent-powered fleet to potentially 175 aircraft. Emirates operates 29 Airbus A330s powered by the Trent 700, 21 Trent 800-powered Boeing 777s and 10 A340-500s, for which the Trent 500 is the sole engine.