India’s competition between colas
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 22 January 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
From the BBC World Service: For decades, the two multinational giants Coca-Cola and PepsiCo have been competing for Indian consumers. But now they face competition from a brand launched by Asia’s richest man. Plus, the chair of a British antitrust regulation agency is out as the United Kingdom goes for growth. And, a Dutch court has ordered the government to drastically cut nitrogen emissions in the Netherlands.
Transcript
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| 0:00.0 | The chair of the UK's competition watchdog is out as the British government goes for growth. |
| 0:07.8 | Live from the BBC World Service, this is the Marketplace Morning Report. |
| 0:11.5 | I'm Luke Wilson in for Leanna Byrne. Good morning. |
| 0:14.7 | The UK finance minister, Rachel Reeves, has talked a lot about boosting growth in recent months. |
| 0:20.2 | And with bond markets jittery |
| 0:22.3 | and lackluster economic data, the Chancellor is in Davos looking to secure investment. Now, there's |
| 0:28.8 | change at the top of the British antitrust regulator, the Competition and Markets Authority, |
| 0:34.2 | amid concerns it's not focusing enough on growth. Its chair, Marcus Boker-ink, |
| 0:39.1 | is out and will be replaced by Doug Ger, the former UK boss of Amazon. Here's the BBC's Simon Jack. |
| 0:45.5 | Last week, the Chancellor hauled in the heads of key regulators to read them the Riot Act. Stop |
| 0:50.5 | getting in the way of growth was the message. It's understood that the Chancellor was |
| 0:54.2 | underwhelmed by the CMA's ideas and with the Chancellor and Business Secretary meeting the |
| 0:58.6 | global business elite in Davos, the government wanted to send a signal that it was serious about growth, |
| 1:03.9 | and Mr Bukering's ousting was evidence of that new approach. The CMA's primary responsibility |
| 1:08.8 | is to ensure consumers are well served by effective and fair competition. |
| 1:13.1 | The government has warned it, however, that it must not present impediments to growth. |
| 1:17.2 | It recently held up a merger between Vodafone and three that was eventually approved. |
| 1:21.8 | Simon Jack there. So is it possible to balance growth with protecting consumers? |
| 1:27.1 | Lord Tyree was chair of the CMA until 2020. |
| 1:30.4 | Yeah, people see this as a conflict between these two. |
| 1:33.5 | It's incorrect. |
| 1:36.4 | If you get high levels of competition into an economy, |
... |
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