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Global markets tumble with indices in Tokyo and London entering bear market territory – prices falling by 20% or more from a recent high. Meanwhile New York’s main index the Dow Jones falls more than 500 points. The Â鶹ԼÅÄ’s Juliana Liu in Hong Kong and Nada Tawfik in New York tell Lucy Burton what’s making them so skittish. And the falling price of oil also has investors spooked. From the World Economic Forum in Davos, Bob Dudley, the head of oil giant BP tells the Â鶹ԼÅÄ’s Economics Editor Kamal Ahmed why he remains optimistic.

Plus the Â鶹ԼÅÄ's Yogita Limaye reports from the Northern Indian state of Jammu and Kashmir about improving job opportunities for its residents. And the story of Crickhowell, the small Welsh town that's tried to investigate tax avoidance practices by big corporations by setting up their own tax loopholes.

(Photo Credit: European Photopress Agency)