Live updates: Follow the latest on Israel-Gaza
An Israeli air strike on the occupied West Bank killed two Hamas leaders on Saturday, the militant group has confirmed, as Israeli attacks continued on war-torn Gaza.
Raafat Dawasi and Ahmed Abu Ara were killed in the strike on their vehicle near the city of Jenin, the group said.
Hamas’ Al Qassam Brigades said Mr Dawasi was its Jenin commander and Mr Abu Ara a senior figure in the group’s West Bank operations. Both had carried out attacks against Israel in the past months. The strike will only lead to an increase in Hamas attacks, it added.
The Israeli army said the two were involved in planning a West Bank shooting attack which killed an Israeli man last week.
A passer-by was injured by shrapnel from the strike, according to the official Palestinian news agency Wafa.
A total of 635 people, including 147 children, have been killed and 5,400 wounded in Israeli attacks across the West Bank since October, according to figures from Palestinian authorities.
The Israeli army has launched lengthy raids into the West Bank since October and increased its use of deadly drones, while settler attacks on towns and villages have also increased.
Raids were reported on the Balata refugee camp and the city of Jericho just hours after the strike.
It comes as Israeli attacks also continue on Gaza, where more than 40,000 people have been confirmed killed since the war began in October 7.
Sunday morning strikes killed at least 20 people in the enclave, according to Wafa.
A mother and her six children were killed in an air strike on their apartment in Deir Al Balah, while the death toll from earlier strikes on Abasan Al Kabira and Nuseirat refugee camp rose to eight.
Rescue crews retrieved the bodies of four people from under the rubble of two residential apartments in Jabalia refugee camp, where several others were wounded.
One person was also killed and several others injured in a strike on Gaza city, where heavy bombing and artillery shelling was reported in several neighbourhoods.
Intense attacks were also reported on the southern city of Rafah.
'Confront Netanyahu'
US Secretary of State Antony Blinken is due in Israel on Sunday, his ninth trip to the Middle East since the Gaza war broke out.
Mr Blinken is expected to meet Israeli leaders before truce talks resume in Cairo in the coming days.
Months-long efforts to end the war continue, with the Israeli team on Saturday expressing “cautious optimism” on reaching an agreement based on a proposal put forward by US President Joe Biden in May, while a senior Hamas official dismissed “American diktats” in negotiations.
The Palestinian group has boycotted the talks, held in Qatar.
The statement, from Israeli Prime Minister Benjamin Netanyahu's office, came as hostage families continued large-scale protests in Tel Aviv, Jerusalem, Haifa and Be'er Sheba on Saturday night, demanding the PM accept a deal and secure the release of their loved ones.
Protests were also held outside his private residence in the northern city of Caesarea.
“Israel is at a fateful crossroads. This is decision time,” Haaretz quoted Einav, the mother of the hostage Matan Zangauker, as saying at a rally.
“Don't be afraid to confront Netanyahu,” she said to the negotiation team.
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Price, base / as tested: Dh48,000
Engine: 2.4-litre four-cylinder
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Fuel consumption, combined: 9.1L / 100km
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How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
'THE WORST THING YOU CAN EAT'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
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Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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