Bloomberg Indian diamond tycoon Nirav Modi, who allegedly defrauded a state-run bank of $2 billion, was arrested and is due to appear in court on Wednesday, London’s Metropolitan police said in a statement. Indian authorities are seeking to extradite Modi, who dressed stars including Kate Winslet, Dakota Johnson and Priyanka Chopra, and face charges of fraudulently acquiring guarantees from Punjab ...

Bloomberg Kazakhstan began a new political era, at least formally, as Kassym-Jomart Tokayev was sworn in as president on Wednesday, succeeding leader-for-life Nursultan Nazarbayev. One of his first acts was to move Nazarbayev’s daughter into contention as a successor. The Kazakh Senate unanimously elected Dariga Nazarbayeva as the body’s new chairwoman, putting her formally in the line of succession to ...

Bloomberg Britain’s messy divorce from the European Union is once again stuck between the demands of Theresa May’s divided government and the reality of what the bloc is willing to offer her — this time over how long the delay to Brexit should be. With just nine days left until the UK is due to exit the EU, the prime ...