BHP augmente ses bénéfices grâce à la demande chinoise de cuivre

Le géant minier australien BHP a annoncé mardi une hausse de ses bénéfices annuels grâce à la demande croissante de la Chine pour le cuivre, ce qui a contribué à compenser la baisse des prix du minerai de fer et du charbon.Mike Henry, le directeur général, a salué une année “marquée par une production record” de cuivre et de minerai de fer et des bénéfices nets annuels en hausse de 14% pour atteindre 9 milliards de dollars US.Mais les résultats mettent également en évidence les conditions de marché difficiles auxquelles est confrontée la plus grande société minière au monde.Les recettes ont chuté de 8% pour atteindre 51 milliards de dollars US, tandis que les bénéfices sous-jacents — qui peuvent donner une image plus claire de la performance opérationnelle de l’entreprise — ont baissé de 26% pour atteindre 10,2 milliards de dollars US.L’entreprise a ensuite indiqué que la baisse de ses recettes était “principalement due a la baisse des prix du minerai de fer et du charbon.”Mais la demande de cuivre de la Chine, plus élevée que prévu, a permis d’équilibrer ce recul, selon BHP. “Dans un contexte d’incertitude mondiale, cette solide performance a conduit à des résultats financiers robustes et reflète la résilience des activités et de la stratégie de BHP”, a assuré M. Henry.”Nous restons confiants dans les fondamentaux à long terme des matériaux sidérurgiques, du cuivre et des engrais, qui sont essentiels à la croissance mondiale, à l’urbanisation et à la transition énergétique”.

Suits you: ‘Fabulous’ Zelensky outfit wows Trump

The fates of nations have rarely, if ever, been decided by sartorial choices.But Ukrainian President Volodymyr Zelensky was certainly hoping that a spot of fashion diplomacy Monday could get US counterpart Donald Trump to help his country reach a peace deal with Russia.Despite the life-and-death matters unfolding in Ukraine, much of the speculation among the White House press corps was about whether Zelensky would wear a suit.In February, Ukraine’s wartime leader was ridiculed by a right-wing US reporter for wearing military-style garb instead of a business suit when he visited the Oval Office.That mocking exchange set the tone for an astonishing blow-up a few minutes later when Trump and Vice President JD Vance proceeded to berate Zelensky for not being “grateful” for US support against Russia’s invasion.What a difference six months makes.”I can’t believe it, I love it!” said Trump, 79, as he admired Zelensky’s smart black jacket and collared black shirt upon the Ukrainian leader’s arrival at the White House.”It’s the best I had,” joked Zelensky, a former television comedian before turning president.- ‘You look fabulous!’ -The light-hearted appreciation for the 47-year-old’s outfit continued inside the Oval Office itself — the scene of Zelensky’s earlier humiliation.”President Zelensky, you look fabulous in that suit!” said Brian Glenn, the reporter for Real America’s Voice who had asked the original question back in February.Trump joined in, saying “I said the same thing” — and telling Zelensky that “that’s the one that attacked you last time.””I remember,” deadpanned the Ukrainian, before adding to the American reporter that “you are wearing the same suit” as six months ago.Zelensky also turned on the charm for Trump — a billionaire who is rarely seen in anything except one of his trademark tailored blue suits — in other ways.He brought a letter for Melania Trump from his wife Olena thanking the US first lady for writing to Putin and urging him to save children’s lives.The focus on Zelensky’s outfit — instead of the nitty-gritty of peace negotiations to end a war that has killed tens of thousands of people — may seem bizarre to some.But it also underscores the extent to which foreign leaders have had to woo a notoriously capricious US president.- ‘Do I look ok?’ -Zelensky in particular has had to work hard to win over Trump, who has long been skeptical about US support for Ukraine and its multi-billion-dollar war cost.Trump has also openly expressed admiration for Russian President Vladimir Putin, not least during their extraordinary cordial greetings during their summit in Alaska last week.The US leader had also echoed several of Putin’s talking points about the war, including in recent days on the need for Ukraine to give up Crimea and its ambitions of joining NATO.Hence the multi-pronged diplomatic offensive at the White House on Monday — beginning with Zelensky and his black jacket, and followed up with a posse of European leaders.The Europeans paid homage to what they said were Trump’s efforts to reach a peace deal, but their visit was also designed as a show of support for Kyiv against any call for too many concessions.The Ukrainian was reportedly given training on how to deal with Trump by European leaders, especially Finnish President Alexander Stubb — who himself wore a double-breasted suit and won praise from the American president for his youthful vigor.Zelensky was notably less pugnacious than in February — and even thanked Trump for a map that showed how much territory Russia had taken from Ukraine.NATO chief Mark Rutte meanwhile made light of the debate about Zelensky’s attire.”Do I look OK?” the Dutchman said to Trump’s protocol chief with a laugh as he buttoned up his suit jacket on arrival at the White House.

Pro-Trump outlet to pay $67 mn in voting defamation case

Newsmax is to pay $67 million to a voting technology firm over false claims the pro-Trump cable television channel made about the 2020 US presidential election.The settlement of the defamation case brought by Dominion Voting Systems was announced in a filing by Newsmax on Monday with the Securities and Exchange Commission (SEC).Under the settlement agreement, Newsmax said it had paid Dominion $27 million on Friday and would pay $20 million in 2026 and the final $20 million in 2027.Fox News settled a similar defamation lawsuit with Dominion in 2023 for $787.5 million and the Rupert Murdoch-owned television network has also been sued by another voting technology company, Smartmatic.Dominion filed a defamation suit against Newsmax in 2021 over false claims that its voting technology was used to rig the 2020 election, in which Democrat Joe Biden defeated Republican Donald Trump.Dominion sought $1.6 billion in damages over baseless allegations aired on Newsmax that the company’s software had altered vote counts.Newsmax settled a defamation suit with Smartmatic for $40 million last year, averting a trial. In a statement, Newsmax said it had agreed to settle with Dominion because it did not believe it could receive a fair trial from the Delaware judge presiding over the case.”The pattern of judicial rulings that consistently denied Newsmax due process left the Company to believe it would not receive a fair trial,” Newsmax said. “Faced with these rulings and other constraints, Newsmax chose to settle.”Newsmax has always maintained that its reporting was not defamatory and that its coverage was consistent with accepted journalistic standards,” the company said.”We stand by our coverage as fair, balanced, and conducted within professional standards of journalism,” it added.Dominion, in its complaint against Newsmax, had accused the conservative TV channel of “feeding its audience a torrent of lies that supported the false narrative that President Trump won the election.””Newsmax helped create and cultivate an alternate reality where up is down, pigs have wings, and Dominion engaged in a colossal fraud to steal the presidency from Donald Trump by rigging the vote,” Dominion said.

Republican-led states sending hundreds of troops to US capital

Mississippi will send some 200 National Guard personnel to Washington, its governor said Monday, where they will join hundreds more from other Republican-led states to double the number of troops in the US capital.US President Donald Trump last week ordered the deployment of National Guard forces in Washington as part of what he has billed as a crackdown on crime in the city, despite statistics showing violent offenses are in fact down.”I’ve approved the deployment of approximately 200 Mississippi National Guard soldiers to Washington, DC, to support President Trump’s effort to return law and order to our nation’s capital,” Governor Tate Reeves said in a statement.The announcement followed others over the weekend from the governors of Ohio, West Virginia and South Carolina who said they would send troops from their states.Ohio will provide 150 and South Carolina around 200, while West Virginia will send approximately 350, some of whom have already begun to arrive, according to a statement from the joint task force responsible for the mission.They will join 800 troops from the DC National Guard who have already been mobilized for the mission. It was not immediately clear why forces from other states were being sent instead of additional personnel from Washington.The overwhelmingly Democratic US capital faces allegations from Republican politicians that it is overrun by crime, plagued by homelessness and financially mismanaged.However, data from Washington police shows significant drops in violent crime between 2023 and 2024, although that was coming off the back of a post-pandemic surge.The deployment of troops in Washington comes after Trump dispatched the National Guard and Marines to quell unrest in Los Angeles, California, that was spurred by immigration enforcement raids.That deployment marked the first time since 1965 that a US president deployed the National Guard against the wishes of a state governor.

BHP books rise in profit on back of Chinese copper demand

Australian mining giant BHP on Tuesday reported a bump in yearly profits, as China’s appetite for copper helped to counter slumping prices for iron ore and coal. Chief executive Mike Henry trumpeted a strong year “marked by record production”, with annual net profits rising 14 percent to US$9 billion. But annual results also laid bare the challenging market conditions facing the world’s largest mining company. Revenues dropped 8 percent to US$51 billion, while underlying profits — which can paint a more accurate picture of performance — fell 26 percent to US$10.2 billion. The company said falling revenues were “primarily due to the decline in iron ore and coal prices”. This had been partially rescued by China’s higher-than-expected demand for copper, the company said, a critical mineral used in consumer electronics, rechargeable batteries and power lines. “Against a backdrop of global uncertainty this strong performance has led to robust financial outcomes and reflects the resilience of BHP’s business and strategy,” said Henry. “We remain confident in the long-term fundamentals of steelmaking materials, copper and fertilisers, which are critical to global growth, urbanisation and the energy transition.”