In the Middle East, the Israeli military has been carrying out what it describes as limited, localised raids against Hezbollah across its border with Lebanon. We hear from a Lebanese economist on how the Middle East's economy is likely to react, and hear about a jump in oil prices following the US' announcement that there are signs that Iran is preparing to launch an imminent missile attack against Israel.

Plus we're in Paris to find out about the city's fashion week - and the luxury market's challenges with declining sales.