Activity in India`s dominant services industry contracted in May for the first time in eight months as strict lockdowns to curb the second wave of COVID-19 dampened demand, prompting firms to cut jobs at the fastest pace since October, a private survey showed.

India's services activity shrank in May due to lockdowns, job cuts quicken

Chinese Foreign Minister Wang Yi on Tuesday hosted a virtual meeting of his counterparts from some South Asian countries to deal with the COVID-19 situation during which he proposed flexible methods for "diversified and stable" vaccine supplies.

China holds COVID-19 cooperation meet with five South Asian nations, offers vaccines

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India's services activity shrank in May due to lockdowns, job cuts quicken

China holds COVID-19 cooperation meet with five South Asian nations, offers vaccines