May 29, 2023

Bloomberg Surveillance. Live from London and New York, bringing insight on global markets and the top business stories of the day.
The economy and markets are “under surveillance”. Bloomberg Surveillance, covering the latest news in finance, economics and investments.
Cyberpunk 2077 was one of the highest selling games of all time. It’s developer, CD Projekt Red, was seen as one of Poland’s most important companies. But inside the company, leadership pushed developers to get the game out for launch, hid the truth about how bad the game was, and ultimately had it returned by millions of people.
Volkswagen Lines Up Tariff-Friendly Battery Supplies in Deal With Canada
Pimco, Capital Group Say Era of Low Inflation Is Gone for Good
UnitedHealth, Amazon Are Among Bidders for Signify
Branson-Backed Group Starts Virgin Broadband Service in Italy
Singtel Readies $300 Million Sale of Cyber Security Arm Trustwave, Sources Say
Latvia Starts Removing Soviet Monument in Challenge to Russia
EU Foreign Policy Chief Rejects Calls to Ban All Russian Visas
Seized Superyacht to Be Auctioned to Pay JPMorgan Loan
BlackRock Warns SEC’s Plans on ESG Disclosures Will Backfire
As Inflation Soars, Access to Indigenous Foods Declines
One of America’s Top Chefs Is Leaving His Three-Star Restaurant
Fed’s Forward Guidance Is Increasing Market Volatility
Stock Market’s Summer Fling Wasn’t the Real Thing
Want to Slash Billions Off Your Tax Bill? Buy a Container Ship
The $80 Billion IRS Infusion Means More Audits—in 2026 or 2027
Get Ready for the Magic Mushroom Pill
The Finnish Florist Who Brings New Life to Faded Flowers
Fed Diversity Is Improving. It Still Has a Long Way to Go
Singapore Keeps LGBTQ Content Curbs Despite Gay-Sex Ban Repeal
Singapore Sex-Ban Repeal Comes With Big Hurdle for Gay Marriage
Ad Campaign Promotes New Law’s Climate Provisions to Voters
Shell Weighs Australia Wind Expansion Amid Clean Energy Push
Pandemic-Proof Airport Closer to Reality in Post-Covid Singapore
Brazil Set to Build the World’s Biggest Urban Garden by 2024
Electric Scooter Revolution Faces a Reckoning in Stockholm
Biden’s Approach to Crypto
Bitcoin Nurses Losses as Momentum Gauge Flashes Price Warning
Australia to Map Crypto Tokens as Part of Regulatory Ramp-Up
Staff anticipate deep cuts from the latest emergency restructuring, as the Swiss bank gives up its ambitions to be a titan of Wall Street. 
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As someone who’s driven in the Beijing to Paris rally in a vintage Porsche, Ulrich Koerner knows all about staying the course. But the new boss of Credit Suisse Group AG seems to have had enough of the Swiss giant’s investment bank.
The gloves are finally off in Zurich. After years of past chief executive officers tinkering at the edges of a misfiring machine that lost $1 billion in the first six months of 2022, bankers now fear a torching of much of the division. Credit Suisse’s decades of dueling with the titans of Wall Street for a place among the bulge-bracket investment bank elite are potentially over.


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