Indian troops storm Jewish centre

Indian forces move to retake a Mumbai Jewish centre where hostages are being held, while continuing to clear two luxury hotels seized by gunmen in Wednesday’s attacks.

Japan output slump heralds deep downturn

SINGAPORE (Reuters) – Japan’s industrial output and household spending tumbled in October, evoking memories of the decade-long stagnation of the 1990s and highlighting how rapidly the global financial crisis was derailing major economies.

Money: Black Friday – 28th November 2008

Andy Verity and Mickey Clark present this morning’s business stories, including:
What a week it’s been for retailers. Shops are doing what they can to get us in through their doors and get us buying. But will shoppers get into the spirit? We’ll also be talking about Black Friday in the US; one of the busiest shopping days of the year.
Also on the programme we discuss the Bombay Stock Exchange which reopens after remaining closed yesterday in light of the terrorist attacks.
Finally, there’s a warning that investors are being lured into buying controversial with-profits bonds by insurers looking to cash in on falling interest rates and see-sawing stock markets. We discuss what problems are tied with these types of investments.

Oil falls towards $53 ahead of OPEC meeting

SINGAPORE (Reuters) – Oil fell toward $53 a barrel on Friday, ending the month down more than 20 percent, as OPEC ministers prepared to meet in Cairo to discuss potential further supply cuts as the global economic slowdown eats into oil demand.

Faiths in climate change summit

About 1,000 representatives of the world’s leading religions are gathering in Sweden for summit on climate change – said to be the first of its kind.