World Update from BBC News
Fighting flares outside Gaza CityMilitants engage Israeli forces near Gaza City as "friendly fire" kills three soldiers on the third night of the ground offensive.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.Final Woolworths stores to closeThe final closure of the remaining 200 Woolworths stores is due to take place, the retailer's administrator says.
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