Live updates: Follow the latest news on Israel-Gaza
Labour leader Keir Starmer has said a Palestinian state “is not in the gift of a neighbour” after Israeli Prime Minister Benjamin Netanyahu said he opposes that prospect for postwar Gaza.
The UK opposition leader said the Israeli leader’s statement was “unacceptable and wrong”, stressing a two-state solution is the “only way to a secure future”.
Mr Netanyahu has vowed to press ahead with the offensive in Gaza for many months despite mounting pressure on Israel to rein in its military action as the scale of death and destruction intensifies.
On Thursday, he said he opposed US calls for the establishment of a Palestinian state when the conflict ends.
He told a national briefing that in any arrangement in the foreseeable future, “with an accord or without an accord, Israel must have security control over the entire territory west of the Jordan River”.
Speaking to broadcasters, Mr Starmer said: “Palestinian statehood is not in the gift of a neighbour. It is the inalienable right of the Palestinian people.
“It’s also the only way to a secure settlement and a secure future.”
A two-state solution that would ensure a “safe and secure Israel alongside a viable Palestinian state”, he added.
Mr Starmer came under criticism for his stance on Gaza after claiming “Israel has the right” to withhold power and water from Palestinian civilians following Hamas’s attack on October 7.
He also voted against a ceasefire in Parliament, losing many councillors from mainly Muslim communities as a result of his comments.
It comes amid a wider rift between Israel and the US over the scope of Israel's war and plans for the future of Gaza.
US Secretary of State Antony Blinken has said Israel would never have “genuine security” without a pathway towards Palestinian independence.
In response to the comments made by Mr Netanyahu in his press conference, White House national security spokesman John Kirby said: “We obviously see it differently.”
Earlier this week, the White House also announced it was the “right time” for Israel to lower the intensity of its military action in Gaza.
Israel launched the offensive after an unprecedented cross-border attack by Hamas on October 7, in which 1,200 people were killed and some 240 others taken hostage.
Roughly 130 hostages are believed by Israel to remain in Hamas captivity.
Nearly 25,000 Palestinians have been killed in Israel's assault – one of the deadliest and most destructive military campaigns in recent history, according to health authorities in Hamas-controlled Gaza.
100 days of Israel Gaza war – in pictures
Mr Netanyahu struck a defiant tone this week, repeatedly saying the offensive will not be halted until it realises its goals of destroying Hamas and bringing home all remaining hostages.
The UK Conservative government and the Labour opposition, along with the US, have said they back Israel's right to defend itself following Hamas' October 7 attacks.
Both have expressed support for a two-state solution to the conflict and a “sustainable” ceasefire – but have resisted calls to back an immediate one.
However, the Israeli government has been urged by western allies to limit the scope of its offensive and act within the parameters of international law.
Israel currently faces a case at the UN's International Court of Justice (ICJ) brought by South Africa, which accuses it of genocide over its actions in Gaza – a charge Israel denies.
UK Foreign Secretary Lord Cameron has said Britain has been “incredibly firm” in urging Israel to show restraint but that it was “nonsense” to suggest the country intends to commit genocide.
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COMPANY%20PROFILE
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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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Diriyah%20project%20at%20a%20glance
%3Cp%3E-%20Diriyah%E2%80%99s%201.9km%20King%20Salman%20Boulevard%2C%20a%20Parisian%20Champs-Elysees-inspired%20avenue%2C%20is%20scheduled%20for%20completion%20in%202028%0D%3Cbr%3E-%20The%20Royal%20Diriyah%20Opera%20House%20is%20expected%20to%20be%20completed%20in%20four%20years%0D%3Cbr%3E-%20Diriyah%E2%80%99s%20first%20of%2042%20hotels%2C%20the%20Bab%20Samhan%20hotel%2C%20will%20open%20in%20the%20first%20quarter%20of%202024%0D%3Cbr%3E-%20On%20completion%20in%202030%2C%20the%20Diriyah%20project%20is%20forecast%20to%20accommodate%20more%20than%20100%2C000%20people%0D%3Cbr%3E-%20The%20%2463.2%20billion%20Diriyah%20project%20will%20contribute%20%247.2%20billion%20to%20the%20kingdom%E2%80%99s%20GDP%0D%3Cbr%3E-%20It%20will%20create%20more%20than%20178%2C000%20jobs%20and%20aims%20to%20attract%20more%20than%2050%20million%20visits%20a%20year%0D%3Cbr%3E-%20About%202%2C000%20people%20work%20for%20the%20Diriyah%20Company%2C%20with%20more%20than%2086%20per%20cent%20being%20Saudi%20citizens%0D%3C%2Fp%3E%0A
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French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
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2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
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Moonfall
Director: Rolan Emmerich
Stars: Patrick Wilson, Halle Berry
Rating: 3/5
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