Bloomberg The world’s first diamond futures exchange begins trading in India on Monday, enabling companies in the largest producer of the cut and polished gems to better hedge price risks. “Indian manufacturers most require this type of financial product,” said Sanjit Prasad, managing director of the Indian Commodity Exchange Ltd. India carries the price risk of holding huge inventories of …

Bloomberg ­­­­­­­­­­­­­­­ US President Donald Trump’s strategy for the nation’s longest-running war in Afghanistan will meet the same fate as the plans of his predecessors, according to Pakistan’s Prime Minister Shahid Khaqan Abbasi. Failure. “From day one we have been saying very clearly the military strategy in Afghanistan has not worked and it will not work,” Abbasi, who took over …

BEIRUT / Reuters The Syrian army and Hezbollah on Monday prepared to escort IS fighters to eastern Syria from their enclave on the border with Lebanon under an agreement following a week-long offensive against the extremist group. It will end any Sunni militant presence on the border, an important goal for Lebanon and the Shi’ite Hezbollah group, and is the …