Dutch art sleuth recovers stolen trove of UNESCO-listed documents
Arthur Brand, nicknamed the "Indiana Jones of the Art World" for his high-profile recovery of stolen masterpieces, said the latest discovery was among his most significant.
"In my career, I have been able to return fantastic stolen art, from Picassos to a Van Gogh... yet this find is one of the highlights of my career," Brand told AFP.
Many of the documents recount the early days of the Dutch East India Company (VOC), whose globetrotting trading and military operations contributed to the Dutch "Golden Age", when the Netherlands was a global superpower.
The 17th century VOC documents contain a "fascinating glimpse into the events of that time in places like Europe, India, Indonesia, South Africa and Latin America," said Brand.
One document from 1602 recounts the first meeting of the VOC, during which its famous logo -- considered the world's first corporate logo -- was designed.
VOC merchants criss-crossed the globe, catapulting the Netherlands to a world trading power but also exploiting and oppressing the colonies it conquered.
The company was also a leading diplomatic power and one document relates a visit in 1700 by top VOC officials to the court of the Mughal emperor in India.
"Since the Netherlands was one of the most powerful players in the world at that time in terms of military, trade, shipping, and colonies, these documents are part of world history," said Brand.
UNESCO agrees, designating the VOC archives as part of its "Memory of the World" documentary heritage collection.
"The VOC archives make up the most complete and extensive source on early modern world history anywhere," says UNESCO on its website.
The trove also featured early ships logs from one of the world's most famous admirals, Michiel de Ruyter, whose exploits are studied in naval academies even today.
De Ruyter gained fame for his daring 1667 raid to attack the English fleet in the River Medway, one of the greatest humiliations in world naval history.
The ship's logs, written in his own hand, relate the admiral's first experience of naval warfare, the 1641 Battle of St Vincent against the Spanish fleet.
- 'An extraordinary treasure' -
No less enthralling is the "who-dunnit" of how Brand came by the documents.
Brand received an email from someone who had stumbled across a box of seemingly ancient manuscripts while clearing out the attic of an incapacitated family member.
This family member occasionally lent money to a friend, who would leave something as collateral -- in this case the box of documents.
"I received some photos and couldn't believe my eyes. This was indeed an extraordinary treasure," Brand told AFP.
Brand investigated with Dutch police and concluded the documents had been stolen in 2015 from the vast National Archives in The Hague.
The main suspect -- an employee at the archives who had indeed left the box as collateral but never picked it up -- has since died.
Brand compared the theft to a daring heist by a curator at the British Museum, who spirited away some 1,800 objects, selling some of them on eBay.
The art detective said he spent many an evening sifting through the documents, transported back in time.
"Wars at sea, negotiations at imperial courts, distant journeys to barely explored regions, and knights," he told AFP.
"I felt like I had stepped into Robert Louis Stevenson's 'Treasure Island."
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Daily Telegraph
25 minutes ago
- Daily Telegraph
Stock markets dip as US inflation puts focus on Trump's tariffs
Don't miss out on the headlines from Breaking News. Followed categories will be added to My News. Most US and European share indices slid on Tuesday, as US inflation data indicated President Donald Trump's tariffs could be feeding into the American economy. In New York, the Nasdaq traded higher, propelled by buoyant news from tech darling Nvidia. But the blue-chip Dow and broader S&P 500 both struggled. The dollar gained ground as prospects of a US interest rate cut dimmed, while oil prices slipped. The US consumer price index for June showed inflation rose 2.7 percent compared with a year earlier. Though in line with economists' forecasts, the rate was above the Federal Reserve's two-percent target. Jochen Stanzl, an analyst at CMC Markets, said detail in the CPI report "points to a trend toward stagflation -- an unwelcome topic for investors in an increasingly overvalued market". Stephen Innes, managing partner at SPI Asset Management, said that "the CPI release showed some early signs of tariff pass-through but underlying inflation remains muted". Analysts said US inflation could pick up further in coming months, as businesses exhaust pre-tariff stockpiles and pass on their higher import costs to consumers. "Rising prices will make it harder for the Federal Reserve to cut interest rates and tougher for families living paycheck to paycheck," said Heather Long, chief economist at the Navy Federal Credit Union. Since April, the United States has imposed a baseline 10-percent tariff on goods imported from main trading partners, with steeper levies on steel, aluminium and cars. Trump has threatened 30-percent tariffs on European Union and Mexican goods from August 1 if they do not cut trade deals with Washington. - Tariff threat to Russia - Most Asian indices closed higher before the US inflation report came out, except for those in Shanghai and Mumbai. China and India are both big trading partners of Russia -- which Trump said would be hit with tariffs of up to 100 percent within 50 days if President Vladimir Putin did not end his war on Ukraine. China, which has negotiated a US tariff truce, had on Tuesday issued economic growth data that met expectations, largely thanks to an April-June export surge to get ahead of Trump's levies. Even though Russia is a major crude producer, oil traders bid prices lower, not higher, following Trump's announcement. "The fact that oil prices fell suggests investors are relieved that Trump has allowed sufficiently enough time for Putin to agree to a ceasefire," said Fawad Razaqzada, analyst at "They are also getting used to Trump threating tariffs, only to change his mind in the last minute and extend deadlines," he said. OPEC said in its latest monthly market report it was holding firm on its production forecasts for oil demand to rise by 1.3 million barrels in 2025 and again in 2026. "Continued robust global economic growth is expected... despite ongoing US-centred trade challenges and geopolitical uncertainties," it said. In corporate news, US banks JPMorgan Chase, Wells Fargo and Citi posted strong second-quarter results. And Nvidia's share price jumped after it said US export restrictions will be eased to allow it to sell its H20 artificial intelligence chips to China. - Key figures at around 1545 GMT - New York - Dow: DOWN 0.6 percent at 44,190.75 points New York - S&P 500: FLAT at 6,267.11 New York - Nasdaq Composite: UP 0.6 percent at 20,771.85 London - FTSE 100: DOWN 0.7 percent at 8,938.32 (close) Paris - CAC 40: DOWN 0.5 percent at 7,766.21 (close) Frankfurt - DAX: DOWN 0.4 percent at 24,060.29 (close) Tokyo - Nikkei 225: UP 0.6 percent at 39,678.02 (close) Hong Kong - Hang Seng Index: UP 1.6 percent at 24,590.12 (close) Shanghai - Composite: DOWN 0.4 percent at 3,505.00 (close) Euro/dollar: DOWN at $1.1615 from $1.1670 Pound/dollar: DOWN at $1.3393 from $1.3428 Dollar/yen: UP at 148.87 yen from 147.77 yen Euro/pound: DOWN at 86.73 pence from 86.88 pence Brent North Sea Crude: DOWN 0.4 percent at $68.97 per barrel West Texas Intermediate: DOWN 0.5 percent at $66.66 per barrel burs/rmb/rlp Originally published as Stock markets dip as US inflation puts focus on Trump's tariffs

ABC News
2 hours ago
- ABC News
Laura Tingle on tricky diplomacy in China
Sam Hawley: Will Australia join a US war against China if it invades Taiwan? That's the stark question Anthony Albanese faced during his delicate visit to Beijing. He's trying to strengthen trade and business ties. So with the prime minister meeting the Chinese president, can he drum up more business while managing tensions in the relationship? Today, the ABC's newly appointed global affairs editor, Laura Tingle, joins us from Beijing. I'm Sam Hawley on Gadigal land in Sydney. This is ABC News Daily. Sam Hawley: Laura, Anthony Albanese and President Xi, they're two leaders that have a lot to talk about, to say the least, aren't they? Laura Tingle: They do have a lot to talk about, Sam. News report: Prime Minister is sitting down with China's president in Beijing in a high profile meeting being closely watched in Canberra and Washington. Anthony Albanese, Prime Minister: Australia values our relationship with China and will continue to approach it in a calm and consistent manner. It's important we have these direct discussions on issues that matter to us and to the stability and prosperity of our region. Xi Jinping, Chinese President: With joint efforts from both sides, the China-Australia relationship has rose from the setback and turned around. Laura Tingle: There are all the sort of cliches about relationships and all those sorts of things, but it's interesting to me to come back to China on a prime ministerial trip after a bit of a break, because it does feel very much like the trips of the 80s and 90s, where it was all love and kisses and opportunities, which, given that there are points of significant difference between the two sides, is interesting. Sam Hawley: Well, Laura, the prime minister did speak after the meeting. He says he raised the detention of the Australian writer Yang Hengjun with the Chinese president. But overall, he was really positive about the economic relationship that Australia has with China right now. Anthony Albanese, Prime Minister: We had a very constructive meeting with President Xi in which we spoke about the range of issues facing our relationship with China. My government's approach to our relationship with China is patient, is calibrated and is deliberate. Sam Hawley: Not to mention, of course, Donald Trump. He's ever present, isn't he? And his tariffs. Laura Tingle: Absolutely. He's ever present. And just in the last 24 hours, we've had yet another announcement from Donald Trump, of course, about the possibility of really tough tariffs on Russia, over Ukraine, if Vladimir Putin doesn't do as he should, according to Donald Trump. And he's threatening secondary sanctions on China, or he hasn't named China, but on countries that have strong trading relationships with Russia, which would hit China as its biggest trading partner. So it affects everything that's going on here in Beijing at the moment. The world is being rewired before our eyes, I think, Sam. Sam Hawley: Well, we know, of course, that trade and business are crucial items for Anthony Albanese during this trip. Anthony Albanese, Prime Minister: And given that China is overwhelmingly, by far, the largest trading partner that Australia has, it is very much in the interest of Australian jobs and the Australian economy to have a positive and constructive relationship with China. Sam Hawley: But the thing is, Laura, we've seen before that this relationship with China is so delicate that it can fall apart in a nanosecond. We saw that, didn't we, with Scott Morrison when he called for an inquiry into COVID, trade was just cut by Beijing. So why are we trying to build it up when we know that it can fall apart so easily? Laura Tingle: Well, it can fall apart around the edges, but realistically, we still have this massive trade relationship with China. That's the reality of it. They've cut us off on some particular markets in the past few years, but still 25% of our exports go to China. So that relationship is really solid. China, for the time being, certainly, or for the next little while, is reliant on our iron ore. So while you have these disruptions and things, it's still a fundamental relationship. Now, it is extraordinary to just think about how bad things did get a few years ago, where basically no minister could get a phone call from anybody in China. They were throwing Australian journalists out of the country and jailing others. It was, you know, it was pretty ugly. News report: An Australian journalist working in China has been detained by the Chinese government in a highly sensitive case, posing a fresh challenge to those already fraught Australia-China relations. News report: First, it was barley. Now it's beef. Our largest trading partner suspending imports from four abattoirs. News report: Beyond meat, China is now refusing to accept timber from four states. Lobsters are shut out. Wine exporters face up to 200% tariff. Laura Tingle: I think there's been a bit of a change at the Chinese end. I think the whole culture of the so-called wolf warrior diplomacy was something that they ultimately decided wasn't really working in their interests. And I think once again, to mention Donald Trump, you can see, I think, that not just in their relationship with Australia, but in their relationship with countries like Vietnam. China is really pushing this message that, you know, we're the safe and steady, you know, people who make very sensible, rational, calm decisions about our trade relationships. China's playing the sort of adult in the room role, if you like. Sam Hawley: Well, Laura, of course, trade is one thing. But then there is the flip side to this relationship, and that is security, of course, and the elephant, if you like, in the room, which is Taiwan. And that is when things get really complicated, don't they, for Anthony Albanese? Laura Tingle: Well, they do and they don't get complicated in some way, Sam. If you think about sort of the domestic way this issue has to play out at some point and also then how it plays out on the international stage. Now, a story was leaked over the weekend, just as the prime minister was arriving in Shanghai, about how the Under Secretary of Defense, Elbridge Colby, was pushing Australia and Japan to say exactly what their position would be in the case of a war with Taiwan. On one level, that's sort of a bit embarrassing for the prime minister, but he's made it clear that, you know, we make our own decisions about these things. Reporter: Do you think it's important, from the point of view of deterrence, of China, that you say, yes, we're involved or no, we're not involved? Anthony Albanese, Prime Minister: I think it's important that we have a consistent position, which Australia has had for a long period of time. We support the status quo when it comes to Taiwan. We don't support any unilateral action. Laura Tingle: And it was being linked to the AUKUS submarines, the Virginia class submarines that we're supposed to be getting from the Americans. Now, it's quite clear, talking to Australian officials, that they don't regard the AUKUS deal is in any way, gives the Americans any right to tell us what we would do with the US submarines once we got them, because they'd be ours, you know, we would buy them. Now, there seems to be a fair degree of confidence that despite these stories, you know, that will all sort of settle down. And I sort of also think you've got to back engineer this a little bit. I mean, if you took Elbridge Colby's comments seriously and said, he's saying that we can't get the submarines unless we're prepared to go to war with Taiwan. Well, wait a minute. The Americans haven't said that they would go to war with China over Taiwan. It sort of doesn't all quite stack up. Sam Hawley: There was some confusion, wasn't there, when Joe Biden was president over some questioning on this, whether the US would support Taiwan militarily. Laura Tingle: Yes. Sam Hawley: That was never really cleared up, but he came pretty close to saying they would. Laura Tingle: He certainly did come close to saying that they would. Donald Trump certainly hasn't. Sam Hawley: What do you think, though, Laura, is the Trump administration justified in asking this question, asking nations if they would support the US if China did invade Taiwan? You know, China has continually been flexing its muscles, hasn't it? Military exercises around the Pacific, including almost all the way around Australia. So there's reason for concern. There's reason for discussions like this. Laura Tingle: Absolutely. There's a really legitimate reason for discussions. And I think it's really important that Australia has that discussion internally, because I don't think we've been having it until now. And it affects those decisions about whether we have a forward strategic stance in the South China Sea or not. But I think the crucial question is it's fine for the Americans to ask that question if their own position is clarified. And I think this is the dodgy bit of it, to use the technical phrase. I mean, I think the Americans don't want to say what their position is. And it's not clear that they would go to war over Taiwan with China. Reporter: Would it be reasonable for the United States to demand any sort of assurances from Australia on a Taiwan contingency, given the United States itself maintains a policy of strategic ambiguity, at least in theory, on Taiwan? Anthony Albanese, Prime Minister: Well, you've just answered the question yourself, I think, through the comments that you've made. Sam Hawley: Well, Laura, just sum this up for me. How successful do you think the prime minister's approach to China will be? Because it is remarkably different, isn't it, to the way that Scott Morrison, for instance, dealt with Beijing or Donald Trump, for that matter? Laura Tingle: Well, you'd have to say at this stage, it's certainly more successful, Sam, just because we have restored those trade links. He's here. This is another visit. You know, as you say, it's always volatile. But for now, it's quite a good relationship. And it serves both countries well in the context of this global trade war that Donald Trump has started. So I think, you know, it's a it's a good basis to be operating in this very uncertain world. Sam Hawley: But Laura, what about tensions in the relationship? What do you think? Will Anthony Albanese actually tackle those head on? Or is he going to bring some sort of softer approach for fear of backlash from China? Laura Tingle: Look, well, I suppose there are two observations on that. One of them is Penny Wong has in the last week gone out very hard on these issues, both in a speech and also in her meetings with her counterpart when she was at the ASEAN meeting. Penny Wong, Foreign Minister: China continues to assert its strategic influence and project its military power further into our region. And we have seen the worrying pace of China's nuclear and conventional military build up without the transparency that the region expects. We are realistic about China's objectives in changing the regional balance of power. Laura Tingle: So she's laid down Australia's protests on all these issues in a very forthright way. And the prime minister has said that, you know, these issues will not be avoided in his conversations with the president and premier while he's here in Beijing. But, you know, it's always the case that those leader to leader meetings, they're a little bit more diplomatic about what they might say publicly. But Anthony Albanese says that, one, he's on the case and two, that it's been successful in the interests of Australia since he's been prime minister. Sam Hawley: All right. Well, Laura, it's a true balancing act. That's for sure. The PM's trying to work with China, but he also wants to keep the US happy too. So this, I think, is one of the most complicated relationships he has to deal with as the leader of Australia, right? Laura Tingle: Absolutely. Absolutely. But I can't help but feeling that the way that the Trump administration has been behaving, if you like, in that broader description of its sort of erraticness and everything, has created both political space at home and abroad for the prime minister to establish a more assertive position with both major powers and sort of establish that more independent voice of our own. I think it's been quite useful because I think people at home are sort of, they look at what Donald Trump's been doing with a bit of confusion and concern, and it's just given him some space. And of course, also, you know, three years ago, there was this sense that the Labor Party couldn't say anything negative about the United States at all or about the alliance because they'd get absolutely pummelled by the coalition. It's harder to do that now because of the way the US has been going. But also, of course, the coalition is weakened politically and its both its capacity and its taste for, you know, fighting every last fight as a sign of, you know, being disloyal to the Americans has really subsided. So I think there's a lot of tectonic plate shifting, which give government of the day room to manoeuvre with both major powers. Sam Hawley: Laura Tingle is the ABC's Global Affairs Editor. This episode was produced by Sydney Pead and Kara Jensen-Mackinnon. Audio production by Sam Dunn. Our supervising producer is David Coady. I'm Sam Hawley. Thanks for listening.

News.com.au
4 hours ago
- News.com.au
Stocks diverge, as US inflation puts focus on Trump's tariffs
Global stock markets went in different directions on Tuesday, as an uptick in US inflation suggested President Donald Trump's tariffs could be beginning to feed into the American economy. New York was generally trading higher on the back of healthy results from major US banks and buoyant news in the tech sector. The S&P 500 and Nasdaq were up, though the Dow Jones was struggling. Most Asian indices rose but Europe's stock markets slipped into the red late in the day. The US consumer price index for June showed an acceleration to 2.7 percent from a year earlier, in line with economists' forecasts. "The CPI release showed some early signs of tariff pass-through but underlying inflation remains muted," said Stephen Innes, managing partner at SPI Asset Management. While US inflation remained relatively tame, analysts said businesses were working through stockpiles amassed in anticipation of Trump's duties and further price rises could be expected later this year. Since April, the United States has imposed a baseline 10-percent tariff on goods imported from almost all trading partners, with steeper levies on steel, aluminium and cars. Trump has threatened 30-percent tariffs on European Union and Mexican goods from August 1 if they do not cut trade deals. The US Federal Reserve, which has an inflation target of two percent, could cut rates in September -- but not if the tariffs also end up putting a brake on US economic growth. China, which has negotiated a US tariff truce, issued economic growth data that met expectations, largely thanks to an April-June export surge to get ahead of Trump's levies. But the US president on Monday warned of new tariffs of up to 100 percent on Russia's trading partners -- which include China -- if Moscow does not end its war on Ukraine within 50 days. Even though Russia is a major crude producer, oil prices dropped after Trump's announcement and continued lower on Tuesday. "Investors seem convinced that the 50-day window gives the US, Russia and Ukraine an opportunity to hammer out some kind of deal," said David Morrison, senior market analyst at Trade Nation. - OPEC forecast - OPEC said in its latest monthly market report it expected its production forecasts for this year and next to hold, despite uncertainties generated by the US tariffs. It forecast that oil demand would rise by 1.3 million barrels in 2025 and again in 2026. "Continued robust global economic growth is expected... despite ongoing US-centred trade challenges and geopolitical uncertainties," it said. In corporate news, US banks JPMorgan Chase and Wells Fargo posted better-than-expected second-quarter results. JPMorgan boss Jamie Dimon described the US economy as "resilient" while facing "significant risks", including over tariffs uncertainty. And tech darling Nvidia's share price jumped after it said US export restrictions will be eased to allow it to sell its H20 artificial intelligence chips to China. That gave fuel to the Nasdaq, which had closed on Monday on another record high. Bitcoin slid on likely profit-taking, after having hit a record high above $123,200 on Monday, thanks to optimism over possible regulatory changes for crypto assets in the United States. - Key figures at around 1345 GMT - New York - Dow: DOWN 0.3 percent at 44,329.45 points New York - S&P 500: UP 0.2 percent at 6,283.26 New York - Nasdaq Composite: UP 0.7 percent at 20,790.24 London - FTSE 100: DOWN 0.2 percent at 8,979.87 Paris - CAC 40: DOWN 0.2 percent at 7,791.87 Frankfurt - DAX: DOWN 0.1 percent at 24,134.73 Tokyo - Nikkei 225: UP 0.6 percent at 39,678.02 (close) Hong Kong - Hang Seng Index: UP 1.6 percent at 24,590.12 (close) Shanghai - Composite: DOWN 0.4 percent at 3,505.00 (close) Euro/dollar: DOWN at $1.1644 from $1.1670 Pound/dollar: DOWN at $1.3408 from $1.3428 Dollar/yen: UP at 148.55 yen from 147.77 yen Euro/pound: DOWN at 86.86 pence from 86.88 pence Brent North Sea Crude: DOWN 0.3 percent at $69.00 per barrel