Masses of people are fleeing renewed Israeli bombardment in Gaza. At least 40 Palestinians have been killed in the Gaza strip on Friday, with Israel also alleging that Hamas had fired early morning rockets. This latest, 72-hour UN-brokered ceasefire, has now officially collapsed. Soon after the ceasefire started at 8am local time (05:00 GMT), an Israeli tank opened fire in the southern Rafah area,... 

Launch: A Tomahawk cruise missile is fired at Libyan defences from the the deck of the destroyer USS Barry on the first day of Operation Odyssey Dawn. A senior Federal Reserve official warned today that America is going broke as fears grow the Libyan bombardment could cost more than $1 billion. With the U.S. now fighting three wars, the massive new military drain on the budget could not have come at...