Israeli Prime Minister Benjamin Netanyahu said on Wednesday that Israel is pursuing "forceful deterrence" against the Hamas militant movement that controls Gaza.
This came as as Palestinian President Mahmoud Abbas said Israeli bombardments of Gaza are tantamount to war crimes.
On Wednesday, Israeli air strikes killed at least six people, including a journalist, across the Gaza Strip and destroyed the home of an extended family.
Since May 10, at least 219 Palestinians have been in killed in Gaza alone – including 64 children and 36 women – and 12 people in Israel, including 10 killed by rockets, according to authorities on each side.
Despite growing international pressure for a ceasefire, the Israeli military said it had widened its strikes on targets in the Palestinian territory's south to reduce continuing rocket fire from Hamas.
However, an Israeli military source also said it is evaluating whether its objectives have been achieved.
“We want peace not war but we will not relinquish the rights of our people,” Mr Abbas said in a televised speech from Ramallah, in the West Bank.
Meeting with foreign ambassadors on Wednesday, Mr Netanyahu said “you can either conquer them [Hamas], and that’s always an open possibility, or you can deter them.”
“We are engaged right now in forceful deterrence, but I have to say, we don’t rule out anything.”
In the town of Khan Younis, in southern Gaza, an air strike destroyed the home of 40 members of the extended Al Astal family. They said a warning missile hit the building five minutes before the main air strike, allowing everyone to escape.
Ahmed Al Astal, a university professor, described a scene of panic before the air strike, with men, women and children racing out of the building.
He said some of the women did not even have time to cover their hair with headscarves.
“We had just got down to the street, breathless, when the devastating bombardment came,” Mr Al Astal said.
“They left nothing but destruction, the children’s cries filling the street. … This is happening, and there is no one to help us.
"We ask God to help us.”
Nearly 450 buildings in densely populated Gaza have been destroyed or badly damaged, including six hospitals and nine primary care health centres, and more than 52,000 Palestinians have been displaced, the UN humanitarian agency said.
The damage has left large craters and piles of rubble across the coastal enclave, and deepened long-running concerns about living conditions in Gaza.
Israel has carried out hundreds of air strikes against what it says are militant targets in Gaza since May 10. Hamas and other militants have fired more than 3,700 rockets at Israel.
Mr Netanyahu said Israel is doing everything it can to avoid civilian casualties.
In remarks reported by Israeli media, he was quoted as saying: "We're not standing with a stopwatch. We want to achieve the goals of the operation. Previous operations lasted a long time so it is not possible to set a time frame."
"We try to target those who target us, with great precision," Mr Netanyahu told the foreign envoys.
"As surgical an operation as it is, even in a surgical room in a hospital you don't have the ability to prevent collateral damage around affected tissue. Even then you can't. And certainly in a military operation you cannot."
Meanwhile, a military source told AFP that Israel is studying whether conditions are right to stop bombing Palestinian extremists in Gaza but is preparing for "more days" of strikes if necessary.
"We are looking at when is the right moment for a ceasefire," said the source, amid an international diplomatic push to broker a truce after 10 days of bloodshed.
But Israel was now evaluating whether its objective of degrading the capabilities of Gaza's Hamas rulers had been achieved, the military source said, and "whether Hamas understands the message" that its rocket barrages towards Israel cannot recur.
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.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Meghan%20podcast
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First Person
Richard Flanagan
Chatto & Windus
Student Of The Year 2
Director: Punit Malhotra
Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal
1.5 stars
MATCH INFO
Fixture: Ukraine v Portugal, Monday, 10.45pm (UAE)
TV: BeIN Sports
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
THE%20SPECS
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Vikram%20Vedha
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History's medical milestones
1799 - First small pox vaccine administered
1846 - First public demonstration of anaesthesia in surgery
1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases
1895 - Discovery of x-rays
1923 - Heart valve surgery performed successfully for first time
1928 - Alexander Fleming discovers penicillin
1953 - Structure of DNA discovered
1952 - First organ transplant - a kidney - takes place
1954 - Clinical trials of birth control pill
1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.
1998 - The first adult live-donor liver transplant is carried out
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.