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Credit Suisse shareholders are seeking compensation from the Swiss Confederation following the bank's takeover by UBS, claiming losses after purchasing shares based on misleading reassurances about the bank's stability. The Federal Department of Finance is appealing a court ruling that deemed the reduction of bonuses for former executives unlawful, arguing that exceptional circumstances justify their stance. Meanwhile, Japan faces rising inflation, with consumer prices hitting 3.5% in April, driven by soaring rice prices, prompting speculation about potential monetary policy changes by the Bank of Japan.
The Swiss Federal Department of Finance is appealing to the Federal Supreme Court against a ruling that deemed the reduction or elimination of bonuses for former Credit Suisse executives unlawful. This follows the Confederation's financial support to Credit Suisse during its liquidity crisis in March 2023. Meanwhile, Germany's economy showed unexpected growth in Q1 2025, attributed to anticipatory effects of US tariffs, although experts warn of a potential GDP contraction later in the year due to ongoing industrial challenges.
Katherina Reiche
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Japan and Germany Face Economic Challenges Amid Rising Inflation and Trade Tensions
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Alain Berset
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14:00 23.05.2025
Japan's Inflation Hits 3.5 Percent as Rice Prices Soar Nearly Double
Euro
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USA
JPN
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Donald Trump
Alain Berset
Friedrich Merz
Matthew Jordan
Karin Keller-Sutter
Katherina Reiche
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11:53 23.05.2025
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