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BusinessPhoto: Mint Companies

UBS Wins Case Against Former Credit Suisse Directors Over Deferred Pay

UBS Group AG won a legal battle against two former Credit Suisse managing directors, Martin Ego and Jeffrey Jennings, who challenged the write-down of their deferred-compensation certificates during the 2023 merger. The Swiss government brokered the merger to save Credit Suisse, requiring UBS to write down these certificates and $17 billion in additional tier 1 instruments. The court upheld arbitrators' decisions rejecting the claims, despite arguments that no "viability event" triggered the write-down.

Mint Companies·

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PoliticsPhoto: HT World

Putin Calls for Security-Focused Talks on Russia-Ukraine War

Russian President Vladimir Putin stated that future negotiations to resolve the Ukraine war should prioritize security guarantees for both Russia and Ukraine, as well as a broader European security framework. After meeting US envoy Steve Witkoff, Putin confirmed Russia's readiness to resume US-mediated talks next month. He emphasized seeking a lasting peace, not just a temporary ceasefire.

HT World·

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EntertainmentPhoto: TOI Entertainment

Judi Dench Reveals Vision Loss Ends Her Acting Career

Judi Dench, aged 91, has disclosed that worsening eyesight due to age-related macular degeneration has made it impossible for her to act on stage, in films, or even read. On BBC Radio 4’s Today programme, the Oscar-winning actress said she struggles to recognize faces and missed seeing bluebells this summer, highlighting the daily challenges she faces since her 2012 diagnosis.

TOI Entertainment·

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PoliticsPhoto: HT World

DOJ Probes Corey Lewandowski for Alleged Misconduct at DHS

Corey Lewandowski, former campaign manager for Trump and aide to DHS head Kristi Noem, is reportedly under investigation by the Department of Justice for alleged misconduct during his DHS tenure. The DOJ probe follows a criminal referral from the DHS inspector general concerning contract malpractices. Lewandowski's attorney says they have not been contacted by the DOJ, and no criminal charges have been made yet.

HT World·

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EntertainmentPhoto: News18Hi Entertainment

Kunika Sadanand Criticizes Minister's Behavior Towards Daler Mehndi

At an event in Mumbai, actress Kunika Sadanand expressed anger over a minister's rude behavior towards singer Daler Mehndi. She praised Mehndi's personality and legacy, criticizing many current leaders for lacking civility. Kunika stated that paying 35 lakh rupees does not give anyone the right to insult others.

News18Hi Entertainment··Mumbai

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PoliticsPhoto: Amar Ujala

Supreme Court Strict on SC-ST Act Misuse in Loan Recovery Case

The Supreme Court criticized the misuse of the SC-ST Act, stating that business disputes like loan recovery should not be framed as caste-based atrocities. The court emphasized that criminal cases require concrete caste-based insult allegations. A bench led by Justices JB Pardiwala and K. Vinod Chandran quashed a 2019 FIR against State Bank of India officials in Hyderabad, filed by company director Y Rajshekhar, who accused bank staff of caste discrimination and fraud after the company's loan accounts became NPAs in 2016.

Amar Ujala··Hyderabad

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