Reuters

DUBAI (Reuters) - Growth in non-oil business activity in Saudi Arabia eased in May as new orders rose at the slowest pace in 25 months, a survey showed on Tuesday.

The seasonally-adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index fell to 56.4 in May, from 57.0 the previous month, and was the second lowest reading in 22 months. A reading above 50 marks growth in activity.

The output sub index slipped to 60.1, its lowest level... (continue reading...)

By Bharath Rajeswaran and Ankur Banerjee

MUMBAI/SINGAPORE (Reuters) -Indian financial markets sold off sharply on Tuesday morning, as early vote counting trends suggested Prime Minister Narendra Modi's Bharatiya Janata Party (BJP)-led alliance is unlikely to win a decisive majority as predicted by the exit polls over the weekend.

"The numbers for NDA are subdued and below expectations. So we are witnessing profit booking as investors are... (continue reading...)

HSINCHU, Taiwan (Reuters) - Taiwanese contract chipmaker TSMC has held talks with its customers about whether to move its fabs off the island amid increased tensions with China, although such a move would be impossible, a senior executive said on Tuesday.

Speaking to reporters after the company's annual shareholder meeting in Hsinchu, where TSMC is headquartered, Chairman C.C. Wei said that given 80-90% of its production capacity is in Taiwan, it would... (continue reading...)

PORT-AU-PRINCE (Reuters) - Haiti's new interim Prime Minister Garry Conille said on Monday members of the new administration were setting aside their differences to work for the good of the country, which is battling a devastating crisis fuelled by gang wars.

Fighting among gangs in the capital has forced hundreds of thousands from their homes while closing major ports, cutting off key supplies of food, medicine and aid, intensifying a food crisis that... (continue reading...)

By Steven Scheer

JERUSALEM (Reuters) - Israel's high-tech sector now accounts for 20% of the country's economic output, the Israel Innovation Authority (IIA) said on Tuesday as it urged the government to invest more to allow tech to grow faster.

In its 2024 State of the High Tech Sector in Israel report, the state-funded authority said that despite the eight-month-old war against Palestinian Islamist group Hamas in Gaza, the tech sector... (continue reading...)