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The head of the world’s largest mining company has said the outlook for the global economy depends on China’s ability to invigorate domestic consumption, as Donald Trump’s tariffs threaten to disrupt global trade.
Mike Henry, chief executive of Australia’s BHP, said the direct tariff impact on the miner had been “limited”, but the potential for slower economic growth and a fragmented trading environment was a bigger issue for it.
“China’s ability to shift towards a consumption-led economy and for trade flows to adapt to the new environment will be key to sustaining the global outlook,” said Henry.
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The comment from the Melbourne-based miner echoed rival Rio Tinto’s a day earlier, when it pointed to “an uncertain future impact from tariffs on the commodity markets going forward”.
China’s booming property and industrial sectors have helped drive demand for commodities including iron ore and copper over the past two decades, boosting global mining companies.
Weakness in the Chinese property market has stifled the sector’s outlook over the past year, but miners including BHP have expressed confidence that China’s plan to revitalise domestic consumption and restore confidence in its economy will bolster demand.
BHP on Thursday said copper production had increased 10 per cent in the three months to the end of March, while iron ore was flat and nickel and coal volumes declined.
The miner has focused on expanding its copper production to meet future demand for a commodity considered key to the energy transition.
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It produced 1.5mn tonnes of copper in the nine months to the end of March, a record owing largely to the performance of its Chilean mines and a stabilisation of its assets in South Australia, which were hit by bad weather earlier in the year.
BHP shares, which have fallen 8 per cent over the past month in the market turmoil from the looming trade war between China and the US, gained more than 1 per cent on Thursday.
Analysts said the “robust” production performance affirmed that the company would deliver volumes at the upper end of its forecasts in most of its key commodities.
The miner continued its push to exit coal assets, revealing this week it had received government permission to close its Mount Arthur mine in northern New South Wales by 2030 — reversing a previous plan to run the giant site until 2045 — and would instead explore whether it can convert the site into a hydropower facility.
Former U.S. Olympian David Hearn (left) walks with his attorney Norman Eisen to speak to reporters and protesters gathered after his arraignment at the Superior Court of the District of Columbia in Washington, D.C. on Thursday.
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Former U.S. Olympic canoeist David Hearn pleaded not guilty to damaging the Lincoln Memorial Reflecting Pool in D.C. Superior Court Thursday morning.
Federal prosecutors charged Hearn with a single count of destruction of property causing more than $1,000 in damage to the pool.
Hearn has previously claimed, which his attorneys repeated during a short press conference outside the court, that he simply touched the water in the pool out of curiosity.
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The Trump administration had just completed a $14 million renovation of the pool.
But shortly after the work finished, peeling paint and algae gathered in the water. The remodel has been largely criticized as a massive failure and waste of taxpayer dollars.
Superior Court Judge Carmen McLean released Hearn on his own recognizance. His next hearing is scheduled for Aug. 5.
Norm Eisen, one of Hearn’s attorneys, spoke to reporters outside of court following the hearing. He said the administration is using Hearn as a “scapegoat … for their own failures.”
“It is not a crime to touch the reflecting pool, to touch water in the United States of America,” he said.
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Prosecutors say there is a host of evidence against Hearn.
Three more people have been criminally charged with destruction of property at the Lincoln Memorial Reflecting Pool.
Officers say they detained Cameron Thiers, Sophie Dennison-Gibby and Justin Carreno one Saturday afternoon in June and described in court documents witnessing them peeling and removing pieces of blue paint from the Reflecting Pool.
One officer “witnessed Carreno reach down into the reflecting pool and pull up a piece of the blue paint,” according to the court documents.
The officer who detained Dennison-Gibby “found 1 additional piece of the reflecting pool liner” in her purse, the documents said.
All three incidents were recorded on the officers’ body worn cameras, they said in the court documents.
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Several “partnering law enforcement agencies assigned to the Reflecting Pool” working with US Park Police were involved in detaining the two men and one woman — including officers from Texas, Oklahoma, Montana and California.
One of the officers said in court documents that Thiers “admitted to removing a piece of blue sealant from the Reflecting Pool and still had it in his hand when I made contact with him.”
The three defendants were arraigned in court Wednesday and pleaded not guilty to the misdemeanor charges of destruction of property with a value less than $1,000. The judge ordered them to stay away from the Reflecting Pool.
Lawyers for Thiers and Dennison-Gibby declined to comment. CNN has reached out to Carreno’s attorney.
If found guilty of destruction of property, the defendants could be fined up to $1,000 and face a maximum of 180 days behind bars.
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The New York Times first reported that three additional people had been charged with damaging the Reflecting Pool.
President Donald Trump has repeatedly claimed that vandals caused major damage to the pool by gashing the lining after his administration spent more than $14 million on renovations, though he has not provided evidence to support that claim. The officers who charged Carreno, Thiers and Dennison-Gibby did not accuse them of gashing the lining.
Former Olympic canoeist David Hearn was indicted by a grand jury in Washington, DC, last week for allegedly damaging the Reflecting Pool. Hearn — unlike Carreno, Thiers and Dennison-Gibby – was charged with destruction of property with a value of more than $1,000 which carries a maximum penalty of 10 years in prison, if convicted. He is set to be arraigned in court Thursday.
Crews began draining the Reflecting Pool over the weekend to make repairs, according to Interior Secretary Doug Burgum, for the second time in three months.
The move comes after weeks of problems – algae blooms, green-hued water, a chipping bottom and the administration’s allegations of vandalism – that have plagued the iconic landmark, making its woes the subject of national interest.
Supreme Court Justice Amy Coney Barrett speaks at the Reagan Library on Sept. 9, 2025, in Simi Valley, Calif. Barrett discussed and signed copies of her new book, Listening to the Law: Reflections on the Court and Constitution.
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Even as the Supreme Court was handing down one legal thunderbolt after another last week, the justices were quietly releasing their annual financial reports. Justice Samuel Alito was the only sitting justice to request an extension, which he has done for 15 years. The disclosures do not give a complete account of the justices’ total income and wealth, but they give insights into their concertgoing, guest professorships and even their involvement in youth sports.
In addition to their salaries, much of the justices’ reported income came from their book deals. Justice Ketanji Brown Jackson led the pack earning more than $1.1 million last year for a total of roughly $4 million since her memoir, Lovely One, was published in 2024.
Justices Sonia Sotomayor, Neil Gorsuch, Amy Coney Barrett and retired Justice Anthony Kennedy also reported income from published books. Earnings from their books ranged from $849,000 for Barrett, to $300,000 for Gorsuch and $88,000 for Sotomayor, whose books include her 2013 autobiography and five children’s books. Justice Clarence Thomas, who previously earned $1.5 million for his 2007 memoir, listed no publisher payments last year, and Justice Brett Kavanaugh, one of 13 co-authors of a 2016 legal treatise, also received no payments last year. Kavanaugh is said to be working on a memoir but he listed no payments for the anticipated book. Alito does have a book coming out in the fall, but with his financial report still outstanding, there is no data on how much he was paid for the work in 2025.
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The only two sitting justices who have not written books are Chief Justice John Roberts and Justice Elena Kagan.
Many justices also earned income from teaching at law schools. Roberts reported income from New England Law, located in Boston, and Gorsuch reported teaching income from George Mason University in Virginia. Thomas taught classes at Catholic University in Washington, D.C., and Barrett and Kavanaugh taught at Notre Dame Law School. Barrett graduated from the school and began teaching there 23 years ago; Kavanaugh has family connections to Notre Dame.
The disclosures also report gifts, travel, food and lodging that the justices received in 2025. Jackson and Sotomayor were the only two to report gifts. Jackson was given a painting for her chambers valued at $2,500, and Sotomayor reported a trip to Kansas City to watch the opening of a musical based on her children’s book, Just Ask.
In addition, she reported receiving free tickets worth $4,333 while on “a private trip to Puerto Rico.” The tickets were from the record label that represents Bad Bunny, and her trip coincided with the artist’s months-long concert series in San Juan. Sotomayor’s parents were from Puerto Rico, and she has spent much time there over the years.
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The justices also disclosed significant reimbursements for travel throughout 2025. Thomas’ travel, food and lodging expenses were paid for by the Hoover Institution for speaking at a celebration of conservative economist Thomas Sowell.
Sotomayor, Gorsuch, Barrett and Jackson were reimbursed for international travel, where they gave speeches, spoke about their books or taught. Roberts was the only sitting member of the court not to report any gifts or travel reimbursements.
The annual filings also shed some light on the justices’ activities off the bench. Kavanaugh reported that in addition to his duties as a Supreme Court justice, he serves as a coach to multiple D.C.-area Catholic Youth Organization girls’ basketball teams. Coach K, as he is known by his players, wrote the court’s June decision declaring that states can ban transgender women and girl athletes from playing on women’s and girls’ sports teams.
The justices’ salaries are established by law. The chief justice earns the most, at $320,700 per year. The eight associate justices earn $306,600 per year. While that is a lot of money to most Americans, the justices and even their law clerks could earn more the minute they leave their Supreme Court jobs for large law firms.
Roberts was the only member of the court to report investing in individual stocks. Alito in the past has also owned shares of individual stocks, but his report is not due for three months when his extension runs out. For the most part, the justices do not own individual stocks, but do invest in index funds, mutual funds and other such investment programs in order to both make money and limit potential conflicts of interest that would require their recusal from certain cases.
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However — and this is a big however — the financial reporting forms the justices are required to fill out are so unspecific and the reporting ranges for investment earnings are so broad that it is impossible to determine any justice’s overall wealth. In addition, the current value of the justices’ homes isn’t reported. Neither is their spouses’ income, which in the case of the chief justice, for instance, likely far exceeds his take-home pay.
