Palestinian Hussein Al Najjar Darwish holds his nine-month-old son as she stands in front of his house sprayed with graffiti reading in Hebrew: "revenge" and "hello from the prisoners of Zion", in the village of Beitillu, near Ramallah in the Israeli occupied West Bank on December 22. Abbas Momani / AFP Photo
Palestinian Hussein Al Najjar Darwish holds his nine-month-old son as she stands in front of his house sprayed with graffiti reading in Hebrew: "revenge" and "hello from the prisoners of Zion", in theShow more

Tear gas fired into home of Palestinian family by suspected extremists



JERUSALEM // Suspected Jewish extremists fired a pair of tear gas canisters into the home of a Palestinian family in the West Bank on Tuesday and sprawled the word “revenge” in Hebrew on the house, Israeli police said.

The family was asleep and unharmed in attack, said police spokeswoman Luba Samri, adding that an investigation was underway.

Jewish extremists have for years vandalised or set fire to Palestinian property, as well as mosques, churches, the offices of dovish Israeli groups and even Israeli military bases. The so-called “price tag” attacks seek to exact a cost for Israeli steps seen as favouring the Palestinians.

Prime minister Benjamin Netanyahu has pledged “zero tolerance” for such attacks and Israel has authorised a series of steps, including administrative detention, to help stamp out the trend.

The attack on Tuesday near Ramallah comes as Israel says it has made significant progress in the investigation of the most notorious of these attacks, a July firebombing that killed a Palestinian toddler and his parents in the village of Duma.

That attack prompted widespread condemnation and pledges by Israel’s government to get tougher on Jewish vigilantes. Even with the stepped-up measures, Israel has been unable to charge those responsible for the deadly attack. In recent weeks, anger has been rising among far-right activists who object to the arrests and interrogation of the suspected attackers. Some have claimed that Israel’s Shin Bet security service has tortured them to exact a confession for an attack that was deeply embarrassing for Israel.

In Tuesday’s attack, in addition to the word “revenge,” the graffiti also included the words “regards from the detainees of Zion” — a possible reference to those who have been arrested as suspects.

Cabinet minister Naftali Bennett, head of the pro-settler Jewish Home party, told Israel’s Army Radio that he will not tolerate Jewish extremist attacks.

“We have to employ the firmest hand possible in order to prevent the next Duma,” the village where the July attack happened, he said.

* Associated Press

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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

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