1. The EU has suspended its push for ratification of the EU-China Investment Agreement
Recently, the European Commission's executive vice-president, Andriy Dombrovskis, who is in charge of the EU-China approval process, said the commission had "in a sense" suspended political outreach activities surrounding the EU-China investment treaty. Later, the EU issued a statement saying that the prospects for ratification would depend on the circumstances and not be completely suspended.
2. The dollar's share of global foreign exchange reserves has fallen to a low point
The proportion of dollar reserves held by central banks fell to 59 per cent in the fourth quarter of 2020, the lowest level in 25 years, according to the latest survey by the IMF's official reserve currency composition (Cofer). This is partly due to competition from other currencies against the dollar.
3. Britain and India to sign £1 billion investment deals
The UK is set to sign a £1 billion trade and investment deal with India, the British government has announced. In addition, British companies will sign more than 446 million pounds of new export deals with India, which will boost the UK economy.
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4. Vietnam's imports and exports grew at a record pace in the first four months
Vietnam's import and export growth in the first four months of 2021 was the highest in 10 years compared with the same period last year, the General Bureau of Statistics revealed recently. In the first four months, Vietnam's merchandise exports reached about $103.9 billion, up 28.3 percent year on year. There were 19 categories of goods whose exports exceeded US $1 billion, accounting for 84.5 percent of the total.
5. Pakistan will go into a national lockdown
Pakistan has announced that a total lockdown will be imposed across the country during the Eid holiday, which falls on May 8 and 15, to ban unnecessary movement of people and any kind of gathering. Tourist attractions, parks and picnic sites across the country remain closed, while bakeries, food stores, medical and pharmaceutical stores that provide basic services can operate normally.