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BP Plc and Russia's state-controlled Rosneft agreed to a share swap under which they plan to jointly explore for offshore oil and gas in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian oil companies. BP, recovering from its Gulf of Mexico oil spill disaster , will swap 5 percent of its shares, valued at $7.8 billion, for 9.5 percent of Rosneft in an agreement that immediately raised concerns about U.S. economic security from at least two American lawmakers and criticism from environmentalists. The deal covers huge areas of the South Kara Sea in the Arctic that BP said could contain billions of barrels of oil and gas and had been previously off limits to foreign companies. The pact, which is expected to be completed in a few weeks, highlights a rebound in relations with Moscow both for BP and its Chief Executive Bob Dudley , who was forced to flee Russia in 2008 after heading BP's Russian joint venture, TNK-BP, which is half-ow

Tunisia's President Zine al-Abidine Ben Ali has stepped down and fled away to Saudi Arabia amid widespread protests on the streets of the capital Tunis of the country on Friday January 14, 2011.  Thousands of people had been staging demonstrations against the President of the North-African country protesting economic crises, higher unemployment rate, and  food and fuel prices upsurge, sources said. However, Mr. Ben Ali had to leave the power after 23 years in power in a state of emergency in the country in the face month-long protest. He took shelter in Saudi Arabia with his whole family after France defied to give shelter for Mr. Ali.  Mr. Ali took all out ways to keep hold of power. He also smashed his cabinet earlier to restore law and order situation in the country and tried to reconcile with the protesters.    In a televised address, Prime Minister Mohammed Ghannouchi said he would be taking over. A state of emergency was declared earlier, as rumbling nationwide protes

I ndia plans to reduce its security forces by a quarter in the Himalayan region of Kashmir to ease conditions for people in one of the world's most militarised areas, a top official said on Friday, 14th January 2011. The unexpected announcement on Kashmir by Home Secretary G.K. Pillai is intended to rebuild fractured public goodwill after a violent uprising by young people in the Muslim-majority region last year. New Delhi faced one of the biggest challenges to its grip on the divided and disputed territory last summer when more than 100 people were shot dead by security forces during violent demonstrations. Speaking at a university seminar on Kashmir in the Indian capital, Pillai said the aim was "to pull out 25 percent of troops from populated areas in the next 12 months as a confidence-building measure." The presence of hundreds of thousands of paramilitary and army troops in Kashmir -- India does not disclose official troop figures -- is seen by local politic

The Taliban are ready to drop their ban on schooling girls in Afghanistan , the country's education minister  said on Friday, 14th January 2011. Farooq Wardak told the UK's Times Educational Supplement a "cultural change" meant the Taliban were "no more opposing girls' education". The Taliban - who are fighting the Kabul government - have made no public comment on the issue. Afghan women were not allowed to work or get an education under the Taliban regime overthrown in 2001. Mr Wardak made his comments during the Education World Forum in London. He told the TES: "What I am hearing at the very upper policy level of the Taliban is that they are no more opposing education and also girls' education. "I hope, Inshallah (God willing), soon there will be a peaceful negotiation, a meaningful negotiation with our own opposition and that will not compromise at all the basic human rights and basic principles which have been guiding us to provi

A fire has swept through a prison in the Tunisian resort town of Monastir , killing at least 42 people amid continuing unrest following the removal of President Zine al-Abidine Ben Ali. Looting hit the suburbs of the capital Tunis after he fled the country on Friday.  Troops are now patrolling the city centre and a state of emergency is in force. Prime Minister Mohammed Ghannouchi has said his priority is restoring order. Mr Ghannouchi also said he would hold talks with opposition parties. A doctor at Monastir hospital told the BBC it had received 42 bodies so far following the prison fire. The identities of the victims and the cause of the fire are still unclear. An eyewitness in the city, about 160km (100 miles) south of Tunis, told Reuters news agency: "The whole prison is on fire, the furniture, mattresses, everything." In Tunis the main thoroughfare, Avenue Habib Bourguiba, was blocked by security forces after an overnight curfew was lifted. Troops and tanks are

England claimed a first Ashes series triumph in Australia in nearly a quarter of a century in the most emphatic style on Friday (7th January 2011) after wrapping up a third dominant innings victory in five Tests. The tourists, who had already ensured they would retain the Ashes, needed a little more than 17 overs to remove Australia's last three batsmen on day five of the final Test to win the series 3-1 with an innings and 83-run victory . Free entry had ensured a 19,000 crowd watched the tourists perform the final rites and it was dominated by the red and white clad England fans of the Barmy Army, whose songs and chants echoed around the famous Sydney Cricket Ground. They celebrated wildly as England, just twenty four years after suffering a first Ashes clean sweep in 86 years , matched the achievement of Mike Gatting's touring party of 1986-87 . The England players did a lap of honour after being awarded the crystal trophy that symbolises the tiny urn, deemed too

Australia have dropped to fifth place in the Test rankings after losing the Ashes series to England , who edged closer to second-placed South Africa on the latest official list issued on Friday (January 7, 2011). Third-placed England went into the series with 112 ratings points and have added three to their tally following their comprehensive 3-1 victory in Australia, the International Cricket Council said in a statement. England now trail South Africa by two rating points after Graeme Smith and his men drew the three-match home series against table-topper India 1-1. For Australia, their first Ashes defeat on home soil in 24 years cost three ratings points and dropped them behind Sri Lanka. South Africa started against India on 116 ratings points and gained just one while the drawn series cost India one point but they continue to lead on 128. New Zealand have an opportunity to rise to the sixth place if they can beat Pakistan in the two-Test series that started i