Trouble for Temu?
Marketplace Morning Report
Marketplace
4.5 • 928 Ratings
🗓️ 5 November 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
From the BBC World Service: The European Union has launched a formal investigation into the Chinese e-commerce site Temu over concerns it may be allowing the sale of illegal goods. But first, British Columbia’s port employers have locked out workers there in response to strike action. That could potentially halt $575 million in daily trade. Plus, we’ll unpack the ripple effects of a car finance court ruling in the U.K.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Buying a car on finance in the UK has hit a stop sign. Hello, this is the Marketplace Morning Report, |
| 0:07.0 | and we're coming to you live from the BBC World Service. I'm Leanna Byrne. But first, our top story, |
| 0:12.4 | we begin in Canada, where British Columbia's port employers have locked out foreman in response to strike action. |
| 0:18.5 | And that could potentially halt $575 million in daily trade. |
| 0:23.7 | The union says this move is an overreaction, |
| 0:26.2 | but employers say it's necessary to prevent escalation. |
| 0:29.4 | Businesses are looking for a federal intervention. |
| 0:32.3 | And as disruption begins in Vancouver, |
| 0:34.2 | another major strike has come to an end in the US. |
| 0:37.3 | Factory staff at Aviation |
| 0:38.5 | Giant Boeing are set to return to work from a seven-week walkout after accepting a new pay deal. |
| 0:44.5 | You can hear the full details on Marketplace Morning Report later this morning. Now here in the UK, |
| 0:49.4 | the world of car finance sales worth $50 billion last year has been thrown into chaos by a court ruling. |
| 0:56.8 | It said dealerships must make it clear how much commission they are making. The ruling could lead |
| 1:01.5 | to multi-billion dollar compensation payments. Shelly and Horne is an economist at Grand Thornton |
| 1:07.1 | who's working with some of the parties affected. Hi, Shellyne. Good morning. |
| 1:11.5 | Shellyan, really quick question for you. How does car finance in the UK work? |
| 1:16.6 | A consumer would go into a car showroom and quite often they would want to buy finance. So rather |
| 1:21.0 | than sort of paying for the car up front, they would in effect take a car loan. And that car loan, |
| 1:25.8 | you would think maybe you were getting it from the showroom, |
| 1:27.8 | but actually there'd be a finance agreement that would be backed by a lender. So it typically |
| 1:32.7 | be a sort of high street bank or another bank that you may have heard of. They would be selling |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

