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Train accident kills nine in India

A passenger train rammed into a waiting train in southern India, killing nine people and leaving dozens injured, officials said Wednesday. The accident happened Tuesday at a stop sign in Tamil Nadu state. At least 60 passengers onboard the stationary train were injured, railway spokesman Anil Kumar Saxena said. Emergency crews have rescued all the survivors trapped in the wrecked carriages, he said. India's massive rail network, used by hundreds of thousands of passengers daily, has a poor safety record. Official figures show 100 train accidents occurred in India in the 2009-10 fiscal year and 115 in 2008-09.

Environmental change in Bangladesh in last 2 decades

Khairul Anam borne in a village of Bangladesh in the late of 1980s. Mr. Anam passed his early life in the village Khojarhut under the Sadar Upazila of Jessore, a south-west District of the country. He used to go to school every morning taking bath from a pond situated beside their house. He saw that farmers were cultivating paddy without any under-ground water at least two seasons of the total three seasons every year. People used to catch fish from the tiny river flowed beside their village. Meanwhile, Mr. Khairul passed his Primary and Secondary education during mid of the last decade of the last century. He looked change of environment of his society very consciously. The water flow of the river had been flowed for about unknown number of years came to totally plain field in the dry season during the first five years of the first decade of the new century.  Besides, the only pond where Mr. Anam used to take bath and catch fish with his father also has turned into a  dry field duri

Shinawatra with Red-Shirts win Thai Parliament election

The decisive victory by Yingluck Shinawatra and her Pheu Thai party was "a very strong punch in the gut" to Thailand's ruling elite and will in fact lend the country some stability for now, said one political observer of Thailand. The new reality for Thailand is that Yingluck's brother Thaksin, the former prime minister who was ousted in a 2006 coup, remains extremely popular, and that fighting the electoral will would be dangerous, said Roberto Herrera-Lim, a director at Eurasia Group, a political risk research and consulting firm. In a strong message to those who would consider being a turncoat to Yingluck's party, former Thaksin supporters who had defected in 2007 and enabled Prime Minister Abhisit Vejjajiva's rise to prime minister, lost in Sunday elections, Herrera-Lim pointed out. The ensuing months will also be a time for the military to reassess strategy, to assess whether the pro-Yingluck sentiment is a temporary development or not, he added. Yin

BP in Indian energy sector

UK oil giant BP and Indian company Reliance Industries have announced a "transformational" strategic oil and gas partnership in India.The deal is expected to result in a total combined investment in India of $20bn, according to the companies' joint statement. The companies will form a 50:50 joint venture for sourcing and marketing energy in India. The deal gives BP a 30% stake in 23 oil and gas blocks owned by its new partner including 19 off India's east coast. In return, the UK firm will pay $7.2bn (£4.4bn), plus up to a further $1.8bn in future performance-related payments. "This is a clear reflection of the way in which believe that the energy industry is developing," said BP's chairman, Carl-Henrik Svanberg. He said that the company predicted global energy consumption would rise by 40% between now and 2030 , with most of the growth coming from emerging markets such as India. "This has huge significance for India's economic devel

Alibaba executives resign for failure in fraud controlling

Two executives at Alibaba, China's largest e-commerce group, have resigned after a rise in fraudulent sales. The firm said an internal investigation had discovered more than 1,000 fraud cases in both 2009 and 2010. The pair, chief executive David Wei Zhe and chief operating officer Elvis Lee Shi-Huei, were not involved in the frauds but were taking responsibility for a "systemic breakdown". The company has paid out $1.7m (£1.1m) as a result of the claims. Most trades involved offering popular consumer electronics at bargain prices with a low minimum order value to entice buyers, Alibaba said in a statement. The average value of the fraudulent claims was less than $1,200. Alibaba's chairman and founder, Jack Ma, said the company had picked up a spike in the number of fraudulent transactions conducted on its site by so-called China Gold Suppliers members. These members undergo more rigorous checks on their reliability and are supposed to be the most trustworthy

Oil price touches $105.2 marking 3 years highest

Brent crude had jumped 2.6% by late afternoon to $105.2 a barrel, its highest level since before the 2008 financial crisis. European energy companies are evacuating some staff from the country, which is a major oil and gas producer for the European market. Sources said, the price of oil has risen in response to the ongoing turmoil in Libya for last five days. Meanwhile shares in Italian oil firm ENI - which is active in Libya - ended Monday trading 5.1% lower. The Italian company said on Monday that its operations were unaffected by the violence. Italy buys about one-third of Libya's oil and gas exports, making it the country's biggest customer by far. ENI has been buying gas from Libya for decades, and is at the centre of a close political relationship between the two countries, according to one analyst. In 2008-09, the Libyan government had considered buying an up-to- 10% stake in ENI , although the investment did not go ahead. Some 13% of the company's reven

233 killed in Libya

Human Rights Watch says at least 233 people have been killed in Libya since last Thursday, 17 February 2011 in the the ongoing protest against Colonel Muammar Gaddafi's rule in the country. The US, UK and French governments are among those condemning the harsh treatment of protesters. But Italy, the former colonial power in Libya, has close business links to Tripoli and voiced alarm at the prospect of the Gaddafi government collapsing. "Would you imagine to have an Islamic Arab Emirate at the borders of Europe? This would be a very serious threat," said Foreign Minister Franco Frattini. The head of the Arab League, Amr Moussa, described the protesters' demands as legitimate, calling it a "decisive moment in history" for Arab nations.