World Update from BBC News
Casualties rise in Gaza offensiveCasualties pour into packed hospitals in Gaza as Israel continues its offensive, losing three soldiers overnight.Obama says US economy 'very sick'US President-elect Barack Obama says that America's economy is very sick and that the situation is worsening.UK short-selling ban to be liftedA ban on the short-selling of financial shares is to be lifted, the UK's financial regulator confirms.More Arctic temperatures to comeThe New Year Arctic weather brings sub-zero temperatures and disruption to parts of the UK, with more freezing conditions expected overnight.Cameron makes savings tax pledgeDavid Cameron proposes to axe tax on basic rate taxpayers' savings and to increase pensioners' tax free allowances.
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