capacity in the uk, and also trying to send a signal by firing a key regulator, the competition and markets authorityhairman being fired. and apparently that being used to send a message that the uk is open for business. that organisation had been targeting various big tech companies. so the search for growth, concerns about trade here at the world economic forum. and let's stay with that last item faisal mentioned, the firing of the boss of the uk's competition and markets authority because it was not allegedly sufficiently focused on growth. marcus bokkerink who has chaired the cma since 2022 will be replaced on an interim basis by doug gurr, former boss of amazon uk. gervais williams, head of equities, premier miton gave me his view. it's a good move this, because actually the cma has actually been quite slow at actually coming to a decision on its mergers. clearly, the one which is particularly in focus at the moment is the vodafone merger with three network, which has been open since october 2023. but if you go back a little further to activision merger, that was actually opened injuly 2022 and

capacity in the uk and also, trying to send a signal by firing a key regulator, the competition and markets authorityn being fired and apparently, that being used to send a message that the uk is open for business, the organisation had been told various big tech companies. so the search for growth concerns about trade here at the world economic forum. and let's stay with that last item faisal mentioned — the firing of the boss of the the uk's competition and markets authority because it was not — allegedly — sufficiently focused on growth. marcus bokkerink who has chaired the cma since 2022 will be replaced on an interim basis by doug gurr, former boss of amazon uk. gervais williams, head of equities, premier miton. nice to see you. it's interesting because last week, the chancellor, she did hold a meeting with all the heads of key regulators and her message to them was, do not get in the way of growth and then late yesterday, we heard of the news that the head of the cma, the chair is off, he's been told to go. chair is off, he's been told to .o_ ., �* , chair is off, he's been told to go. that's ab

met a series of regulators in recent days and yesterday sacked the chair of the uk's competition and markets authoritysufficiently focused on growth. marcus bokkerink who has chaired the cma since 2022 will be replaced on an interim basis by doug gurr, former boss of amazon uk. gervais williams, head of equities, premier miton said the move was an important step for the chancellor. it's a good move, this, because actually the cma has actually been quite slow at actually coming to a decision on its mergers. clearly the one which is particularly in focus at the moment is the vodafone merger with three network, which has been open since october 2023, but if you go back a little further to the microsoft—activision merger, that was actually opened injuly 2022 and didn't opine, find a determination until november 2023 — it was the last of all of the regulatory authorities to clear it. so, really, we've seen a regulatory authority which is probably excessively bureaucratic, and i presume what they are looking to do is accelerate decision—making in this going forward. yael selfin is chief economist at kpmg uk

competition watchdog has launched an investigation into google search and search advertising services. google processes 90% of all general search queries in the uk and the competition and markets authoritynsumers and businesses are getting a fair deal. the investigation will also examine whether the company leverages its dominant position to unfairly promote its own shopping and travel services over those competitors. finally, two lunar landers built by private companies have left the earth aboard a space x rocket as part of a rideshare to the moon. the falcon nine took off from the kennedy space centre in florida, carrying landers belonging to america's firefly aerospace and japan's space. the landers will eventually separate once they reach the moon's orbit and conduct independent exploration. are you excited to be in las vegas? cheering. in his trademark black leather, the boss of nvidia, jensen huang, has no problem packing an arena. do you like myjacket? audience: yeah! huang, who founded the trillion—dollar chip company that helped power an ai revolution, made a slew of announcements. but it was these highly detailed computer graphics — well, more like what made them possible — th

a lot of discussion of the firing of the boss of the competition and markets authority.ccording to the government,, the cma is not sufficiently focused on growth. marcus bokkerink, who has chaired the cma since 2002, will be replaced by the former boss of amazon uk. the head of equities at premier brighton gave his view. it's a good move this, because actually the cma has actually been quite slow at actually coming to a decision on its mergers. clearly, the one which is particularly in focus at the moment is the vodafone merger with three network, which has been open since october 2023. but if you go back a little further to the microsoft activision merger, that was actually opened injuly 2022 and didn't opine a final determination until november 2023, it was the last of all of the regulatory authorities to clear it. so really we've seen a regulatory authority which is probably excessively bureaucratic, and i presume what they're looking to do is accelerate decision—making in this going forward. figures just out show uk government borrowing rose to £17.8 billion last mon

and in terms of big tech investment, it also trumps concerns about competition. we've effectively fired our chief competition regulator. now, what message does that send? the chair of the competition and markets authoritytors can hold up decisions where other regulators around the world have already decided. that's no good for stability and that's no good for encouraging investment into britain. one top british export around the world, heralded here for his charity work, was talking up the country. great britain will always be great to me. that's what i'm all about. you know, i'm not a politician, i'm not a scientist, i stay out of all those kind of things. and as britain makes its play for some part of the hundreds of billions big tech is investing in al dominance, the chancellor is striking a more optimistic economic tone. faisal islam, bbc news, in davos. in tonight's football, manchester city have lost their cruicial champions league game against paris st—germain in dramatic fashion. natalie pirks is at the parc des princes. natalie. well, we thought this would be tasty, and so it proved. when pep guardiola brought on super substitute jack realit, he made an immediate impact, scoring city's first g

. - so it was things - like the competition and markets authority and 0fcom and the like, and the message focussed on risk. j you need to go for growth. now we've heard this story before. - it's not the first time that has happened famously l in financial services- in the blair government. and many would argue it was| what was the breeding ground for the extreme risks taken in uk financial services - that led to the great financial crisis? - right? so what are they actually saying? | you know, here's a classic, here's a here's a big example. one of the great tech . and business and future industry success stories in the uk is google's. investments in deepmind. this is absolutely frontier stuff. - we could definitely. beat the world in how they're applying that. and it's not very far - from us here in in london. but at the same time, one - of these regulators is cracking down on some aspectl of google's dominance of a certain industry. i won't go into too . much detail on that. are they saying to the cma, you know, just just - chill out on some of that stuff? - and markets authority. is th

and google, another investigation. what are the grounds this time? >> yeah, the competition markets authority're going to be examining or investing some of the mobile ecosystems. remember, google and apple are one of the sort of top providers within the u.k., right? so they want to look at competition, dominance and developer terms. the cma is basically saying that they want more competition because that leads to more innovation, so this is unlike maybe perhaps the free market finding its own competition -- brian: you had a great point about how few big companies the e.u. has produced over the past. >> yep. brian: that -- >> may i? remember the old comment why did you rob the banks, willie sutton? because that's where the money is. why are you going after big tech? if because that's where the money is. brian: if shooting themselves in the foot all the time. tesla says they'll be raising prices in canada. hasn't canada had enough? if how much? >> significantly. okay, so according to the web site, starting february 1st the model,'s going up by $9,000 canadian. that's about $6500 u.s. u.s. model

that is not the beginning and it how competition policy, covers all of these additional authorities and federal regulators and agencies that are in the business of shaping marketse way or another in the decisions these agencies make the agriculture department transportation department i am packing the markets are more consolidated or competitive and so we want to make sure they are conscious ofg that in the recognizing that we want everybody to be going in the same direction predict think that was incredibly important this was not a neo- the kind of went out kind of the week discussion that was the end of it, the president and team prioritized bringing togetherze the cabinet and federal agencies at least twice a year sit down with the president andd tell hm what we had done. i think i was incredibly important to help further focus the agencies to practice with a priority braided newsgathering formal element but also just kind of force all of us in the same room in a way that helped organically create the relationships in ways it is been easy to pick up the phone and say hey i know you're all looking at this and have you thought about this one area where it real

and ends of competition policy. it covers all of these additional tools and authorities spanning all of these federal regulators and agencies that are in the business of shaping markets in one way or another. and the decision these agencies make be the agriculture department. transportation, are impacting whether markets are more consolidated or competitive. so we want to headache sure they are conscious of that and recognizing that we want everybody to be rowing in the same direction. that was incredibly important. this was not an e.o. that went out there was a week of discussion and that was the end of it. the president and his team prioritized bringing together the cabinet and heads of federal agencies at least twice a year to sit down with the president and tell him what we had done. i think that was incredibly important and helped further focus agencies on the fact that this was a priority. and toes gatherings there would be a formal pwoeuplt it forced all of us in the same room in a way that helped or organically create relationships in ways that made it easier to pick up a phone say i know you are looking at this, have you thought about this. one area where it

and small the support to realize the full potential of those infrastructure deployments. second, fcc has with congressional authority congressional authority experimented with new regulatory models to create competitive opportunities in the marketoster innovation. there is no greater example of regulatory innovation the success of wi-fi. wi-fi technology was invented in the 1980s when fcc opened unlicensed spectrum from experimentation by engineers and inventors. these unlicensed spectrum bands like anyone to use any device for any purpose under rules authorized by the fcc to fort interference with licensed services. wi-fi carries 53% of all internet traffic almost 90% of wireless internet traffic. without supporting wi-fi unlicensed spectrum innovation would not have mobile communications which we now enjoy. in this century knew what new ry models for spectrum access sharing models are increasing access for small community institutions, rural and tribal communities other private industry outside of the big wireless carriers. the third and finally congress is carefully divided between federal and nonfederal users acquiring cooperation between agencies between federal and nonfederal users. the public may not follow the day-to-da