Live updates: Follow the latest news on Israel-Gaza
A drone struck the southern Israeli port city of Eilat early on Sunday morning, hitting a naval base in the first successful strike on the city since the Gaza war began in October.
The attack, which caused no casualties and only lightly damaged the building, followed what the Israeli army said was a “suspicious aerial target that entered Israeli territory from the east” which struck “in the Eilat Bay area”.
Images on social media showed smoke billowing from a distinctive warehouse next to a small dock that is regularly used by Israeli Navy Corvettes, a class of small warship.
The army later confirmed the drone struck a naval base in the city and confirmed minor damage at the site.
The incident is being investigated, it added.
Eilat is home to Israeli energy infrastructure, a port and small naval base and has been a frequent target of Houthi drone and missile attacks, but until now drones and missiles targeting the city have been shot down.
In one case last month, a Houthi cruise missile was monitored by Israeli air defences before crashing in an open area.
The attack may have been the work of an Iraqi militia, after the Israeli military said the weapon had “come from the east”, which in Eilat would mean Jordan, as opposed to Houthi drone flight paths from the south.
On Monday, the Islamic Resistance, a small coalition of Iraqi militias that includes Kataib Hezbollah, one of the most powerful Iran-backed groups in a network of Tehran-backed units called the Popular Mobilisation Forces, claimed responsibility for the attack.
The group said it had struck a “vital target” in Israel.
Iran-backed militias in Iraq have claimed a number of drone attacks against Israel in recent months. They say that they are working in solidarity with Hamas in the war in Gaza. However, there has been no visual evidence of their attacks.
The groups have also come under frequent air attacks in Syria, where they maintain a network of bases that the US says are used to store weapons such as drones and missiles.
The US has claimed some of the air strikes, but denied being involved in others. Israel rarely comments on individual strikes but has admitted to the ongoing air campaign in Syria.
Recent videos by the Islamic Resistance in Iraq show drones similar to the Iranian Shahed model being fired from launching rails. The drones have claimed ranges of up to about 2,000 kilometres, putting Eilat within reach of the group.
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Young women have more “financial grit”, but fall behind on investing
In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.
While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.
In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all).
“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”
Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.
"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."