Protectionism bad for all

The last thing the world economy needs is a terrorist attack that has killed more than 100 people in Mumbai.

At present when most countries are in the grip of a financial and economic crisis, such violence only deals a harder blow to the already weak investor confidence, undermining global efforts to stave off a deep recession.

While mourning the victims, conveying sincere condolences to their relatives, and sympathy for the injured, we are relieved that the international community has rapidly and resolutely rallied against such acts of terror.