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Fugitive tycoons to get US standard prisons in India

Bloomberg The largest and oldest prison in India’s financial hub Mumbai will get a new block of cells that will meet international norms on prisoner rights. The reason: fugitive businessmen are citing poor jail conditions to stave off extradition. The Mumbai Central Prison, popularly known as the Arthur Road Jail, is demolishing an old structure to make way for the ...

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Australia, Indonesia wrap up talks on free trade agreement

Bloomberg Indonesia and Australia announced the conclusion to talks on a free-trade deal as the Pacific neighbours attempt to boost economic ties. In his first overseas trip since becoming Australia’s prime minister, Scott Morrison met with President Joko Widodo in Bogor, outside the capital Jakarta, where they committed to finalising the Indonesia-Australia Comprehensive Economic Partnership Agreement. The two also signed ...

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S Korea exports rise on record chip, petrochemicals shipments

Bloomberg South Korea’s export growth accelerated in August at the fastest pace in three months, easing concerns that the trade fight between China and the US will sap momentum in Asia’s fourth-largest economy. Exports rose 8.7 percent from a year earlier, the trade ministry said in a statement on Saturday. That compared with a 10.2 percent gain forecast by economists ...

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