Ata mārie and welcome to your Tuesday dose of business and political news from around the world.
We start with trade tariffs, and US President Donald Trump has announced films made in foreign countries will receive a 100% tariff, in a bid to boost the local industry, the BBC reported.
Trump said the US film industry was dying "a very fast death". He blamed a "concerted effort" by other countries to offer incentives to attract filmmakers and studios.
CNN spoke to Hollywood sources who were confused about Trump’s announcement. Several movie studio and streaming industry executives suggested Trump hadn’t thought about the ramifications of the proposal.
“Last night’s Truth Social post from President Trump has everyone in Hollywood scratching their heads,” LightShed Ventures partner Rich Greenfield said.
Other people took a more optimistic view and suggested Trump was opening a dialogue about the issue of ‘runaway production’.
In the Middle East, Israeli Prime Minister Benjamin Netanyahu said the population of Gaza will be moved after his security cabinet approved an expanded military operation, CNN reported.
“One thing will be clear: there will be no in-and-out,” Netanyahu said.
“We’ll call up reserves to come and hold territory – we’re not going to enter and then exit the area, only to carry out raids afterwards. That’s not the plan. The intention is the opposite. There will be a movement of the population to protect them.”
Officials said the plan would be implemented after Trump’s visit to the Middle East next week to “provide a window of opportunity” for a hostage release deal, CNN noted.
Russian President Vladimir Putin.
Elsewhere, analysis by the BBC Russian Service has found that last year was the deadliest for Russia since the start of its invasion of Ukraine, with at least 45,287 troops killed.
Overall, Russia lost at least 27 troops for each kilometre of Ukrainian territory captured. However, experts suggested that was an underestimate and the actual death toll could be higher.
Staying in Europe, incoming German Chancellor Friedrich Merz promised reforms and new investments to boost the country’s economic prospects, CNBC reported.
“Tomorrow you will get a government that is determined to move Germany forwards,” Merz said.
The Christian Democratic Union and Christian Social Union secured the largest votes in February’s election. The Social Democratic Party is also part of the new ruling coalition. A lengthy coalition deal, known as ‘Responsibility for Germany’, was officially signed this week, CNBC reported.
Over the Ditch, the ABC reported on a decision by the board of Perth-based Gold Road Resources to agree to a proposed A$3.7 billion takeover by South African company Gold Fields. In March, Gold Fields made an unsuccessful A$3.3b offer.
Gold Road managing director Duncan Gibbs said that original offer was rejected as opportunistic. "It was a bit out of the blue because Gold Fields hadn't actually approached us prior to that – and it arrived by email – which we found a bit surprising.”
He said the new offer was a “good deal” for Gold Road and the feedback had been positive. Gold Road's board recommended shareholders vote in favour of the takeover at a meeting later this year.
Finally, the area where billionaire businessman Elon Musk's SpaceX operates in southern Texas is to officially become a city, known as Starbase, the BBC reported.
Residents, in an election on the weekend, overwhelmingly approved incorporating the piece of land. Most of the 283 eligible voters were SpaceX employees. Results showed 212 votes in favour and six against.
The new city covers about 3.9 square kilometres.
Elon Musk.
