Branson joins anti global warming brigade
Sir Richard Branson has joined the growing ranks of anti global warming activists. He has committed $3bn (£1.6bn) to tackle climate change as well as all profits from his Virgin air and rail interests over the next 10 years to combating rising global temperatures.

The estimated $3bn would be invested in setting up a new division Virgin Fuels under the Virgin conglomerate, which would focus on plant based biofuels, fast emerging as an alternative to oil-based fuels.

The government has recently ordered petrol stations in the UK to source 5 per cent of their fuel from renewable energy by 2010, one of several lucrative opportunities for biofuel producers such as Virgin.
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No outcome yet from GM, Nissan talks
New York: General Motors Corp's talks with Renault SA and Nissan Motor Co. have led to little progress toward a possible alliance said the Wall Street Journal on Thursday.

Next week in Paris GM chief executive Rick Wagoner will meet with the Renault and Nissan chief Carlos Ghosn, who sees more value in a broad alliance than Wagoner does.
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Oil starts picking up
Tokyo: U.S. crude oil futures continued to rise to touch $62 on Friday as some traders saw buying opportunities after a dive to a six-month low earlier this week. U.S. crude for November delivery briefly touched $62.00 a barrel and was trading up 28 cents or 0.45 percent at $61.87 a barrel on the Globex electronic trading platform.

Technical analysts have said a strong resistance at around $58-$60 could halt the fall, which was triggered by ample supplies in the United States amid a seasonal dip in demand and easing political riskes related to Iran's nuclear programme.
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