Branson warns of oil crunch in five years

The founder of the Virgin group, whose rail, airline and travel companies are sensitive to energy prices, feels that the ¬coming oil crisis could be even more serious than the credit crunch.

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    Google is launching a Twitter clone

    According to reports, the new feature will allow Gmail users to view a stream of status updates from people they choose to connect with. It will be tightly integrated with Google's video-sharing site YouTube and its photo-sharing site Picasa.

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    Traders make $8-billion bet against the euro

    Traders and hedge funds have bet nearly $8 billion (€5.9 billion) against the euro, amassing the biggest ever short position in the single currency on fears of a euro-zone debt crisis.

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