At least three people have died after a cruise ship carrying 4,000 people ran aground off Tuscany. Fears about the stability of the eurozone have re-surfaced after a rating agency stripped France and Austria of their triple-A status. And also on today's programme, the ethics - or the absence of them - in tabloid journalism.
More than 4,000 people, including several dozen British passengers, have now been
taken from the Costa Concordia off the western coast of Tuscany after it ran aground.
The BBC's Alan Johnston in Rome has the latest.
Talks between the Greek government and banks that have lent to it, over how much its debts they are prepared to write off, broke down yesterday. Christopher Pissarides, professor of economics at the LSE and a Nobel Prize winner, explains
why reaching a deal is vital to ensure Greece gets a bail out from the EU and IMF.
The paper review.
Tesco says its chief operating officer, Noel Robbins, did nothing wrong when he sold 50,000 of his own shares in the company a few days before the company announced results that wiped billions of its value of the stock exchange. Business Correspondent Joe Lynam has more details.
The Leveson Inquiry returned this week after the Christmas break and its been the turn of the tabloids and the broadsheets to defend their trade. The BBC's Peter Hunt
attended the hearings and reviews the week's highlights.
Pakistan is again standing "between democracy and dictatorship", according to Prime Minister Yousaf Raza Gilani, who faces a vote of confidence in the parliament on Monday. The BBC's correspondent in Islamabad, Aleem Maqbool,
examines the Pakistani people's perspective on all the turmoil.
Sports news with Rob Bonnet.
The squeeze is back on the eurozone
as one of the ratings agencies has downgraded the status of nine countries - notably France which has lost its triple A rating from the agency, Standard and Poor's. The BBC's Europe editor, Gavin Hewitt has the latest from Paris.
The paper review.
Michelle Obama has said she is tired of being labelled an angry black woman. She was reacting to comments in a new book The Obamas by Jodi Kantor. Catherine Mayer, the London bureau chief for Time Magazine, and Bim Adewunmi, journalist and blogger, discuss
whether the comments about the First Lady are any worse than a white woman in the public eye would get.
Thought for the Day with Brian Draper - associate lecturer at the London Institute for Contemporary Christianity.
The proprietor of the Daily Express, Richard Desmond, told the Leveson inquiry this week that he didn't really know what the word "ethics" meant. Trevor Kavanagh, associate editor of the Sun, and Chris Blackhurst, editor of the Independent,
debate whether tabloids care about right or wrong and if the broadsheets are any different.
The shadow chancellor Ed Balls says he backs an extension of the 1% pay cap in the public sector until 2015. In the Autumn Statement the government introduced a limit of one per cent for pay awards over the next two years - now Ed Balls will say in a speech to the Fabian Society today that he wants to extend the cap until the next election.
Mr Balls explains his proposals to Jim Naughtie.
There has been so much talk this week about a referendum on Scottish independence that it's worth asking how it will work - because it is clear that sometime in the next couple of years it will happen. John Curtice, professor of politics at Strathclyde University,
explains the mechanics of a Scottish referendum.
How often do you think something is a coincidence?
Professor David Spiegelhalter of Cambridge University is collecting examples for a study he is carrying out.
Sports news with Rob Bonnet
The French Finance minister Francois Baroin said the country would not allow the agencies to dictate its policies after the ratings agency Standard & Poors downgraded France's triple-A rating.
Gillian Tett, assistant editor of the Financial Times, and Jim O'Neill, chairman of Goldman Sachs assets management, reflect on the move.
More than 4000 people -- including dozens of Britons, the Foreign Office believes -- were on board the Costa Concordia when the ship hit a sandbar off the island of Giglio, off the coast of Tuscany last night. Fabio Costa, who worked in a shop on the stricken cruise ship, said
a lot of people were falling around on the deck as the boat was sinking and a number were jumping into the sea to try to swim to shore.
David Hockney says British art is being diminished
because the art establishment is ignoring the image by focussing too much on conceptual art. The BBC's art editor Will Gompertz has been talking to the artist.
The chief operating officer of Tesco's share dealing in the first week of the New Year was, according to the company, quite within the rules that govern insider trading.
Michael Ashe QC, a company and commercial lawyer, says that in PR terms it is not very good for Tesco but actually it "isn't as bad as it looks".
An Iranian nuclear physicist was assassinated this week - the fourth time in two years that one of their scientists has been attacked.
If he worked on the country's nuclear programme could he be considered a legitimate target?
Colin Blakemore, professor of neuroscience from the University of Oxford, believes that the ethics and integrity of what scientists do is "crucially important". You have to distinguish between deliberate amoral acts by scientists, he says, and the discoveries that are thrown up by science which will have evidence of ethical consequences.