Reuters

DUBAI (Reuters) - A merchant vessel off the Yemeni coast took on water and tilted to one side after being targeted with three missiles, British security firm Ambrey said on Tuesday.

The vessel issued a distress call stating it had sustained damage to the cargo hold and was taking on water approximately 54 nautical miles southwest of Yemen's Hodeidah, Ambrey added.

"According to the distress call, the vessel was listing," it said.

By Supantha Mukherjee

STOCKHOLM (Reuters) - Fintech firm Klarna, one of the early adopters of generative AI (GenAI), said on Tuesday it is using AI for purposes such as running marketing campaigns and generating images, saving about $10 million in costs annually.

The company has cut its sales and marketing budget by 11% in the first quarter, with AI responsible for 37% of the cost savings, while increasing the number of campaigns, the... (continue reading...)

By Deena Beasley

(Reuters) - As millions seek access to weight-loss drugs from Novo Nordisk and Eli Lilly, increasing supplies, possible wider usage and a growing number of would-be rivals are leading some experts to raise annual global sales forecasts for the treatments to about $150 billion by the early 2030s.

A year ago, top sales estimates were in the $100 billion range.

"It is very unusual to have a medicine that is... (continue reading...)

By Laura Matthews and Carolina Mandl

NEW YORK (Reuters) - U.S. trading moves to a shorter settlement on Tuesday, which regulators hope will reduce risk and improve efficiency in the world's largest markets, but is expected to temporarily increase transaction failure for investors.

To comply with a rule change the U.S. Securities and Exchange Commission (SEC) adopted last February, investors in U.S. equities, corporate and municipal... (continue reading...)

BRUSSELS (Reuters) - Ukraine's Volodymyr Zelenskiy said on Tuesday that if U.S. President Joe Biden missed a peace summit organised by Kyiv in Switzerland next month, it would be like a standing ovation for Russian President Vladimir Putin.

Ukraine hopes to host as many countries as possible in an attempt to unite opinion on how to halt the war and pile pressure on Russia, which has seized almost a fifth of Ukraine's territory. Washington has signalled... (continue reading...)