Turkey's antitrust authority opens probe of Coca-Cola over possible competition violation
In a statement, the competition board said that an investigation into Coca-Cola was launched after initial findings of suspicions that the soft-drinks giant had implemented practices aimed at preventing and obstructing the sales of its competitors at its sales points.
The investigation will also examine whether Coca-Cola complied with the commitments it submitted to the board in 2021, the statement also said.
Coca-Cola did not immediately respond to a Reuters request for comment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
3 hours ago
- Daily Mail
Revealed: How Christian Horner was informed of his shock Red Bull sacking, one year on from sexting scandal - 'as clay pigeon shoot exposed team principal's crumbling relationship with bosses'
A new report has detailed how Christian Horner was informed of his shock Red Bull sacking earlier this week. Horner was dismissed on Wednesday after 20 years at the constructor, having overseen the team's transformation from upstart on the grid to winner of six constructors' championships and eight drivers' championships. While the official reason for Horner's firing remains unstated, it comes almost exactly a year after the team principal was engulfed in a high-profile investigation. In February last year, the 51-year-old was accused of sexual harassment and coercive and controlling behaviour by a female employee. He was twice cleared, initially after an internal investigation conducted by a lawyer, and then by another lawyer who dismissed the female employee's appeal. The episode cast a long shadow over the team and left Horner's public image severely tarnished. And now, German outlet Bild has revealed how the fallout from that turbulent period culminated in Horner's dramatic sacking. The veteran team principal was reportedly informed of his Red Bull dismissal in a London hotel suite, blindsided by the energy drink empire's top brass. Horner was told face-to-face by advisor Helmut Marko and global sports director Oliver Mintzlaff on Tuesday afternoon. It is understood that he was left stunned by the news. While the sacking may have shocked Horner personally, the groundwork had been quietly laid for weeks. Mintzlaff reportedly began privately considering personnel changes during Red Bull's home race - the Austrian Grand Prix - at the end of June. A decisive conversation reportedly took place at Red Bull's headquarters between Mintzlaff and the team's billionaire owners, Chalerm Yoovidhya and Mark Mateschitz. One week later, during a Zoom call, Mintzlaff confirmed the decision: Horner would be removed - the owners gave the green light. It is understood that Horner's expanding grip on power within the Red Bull structure, including control over marketing, technical, and engine departments, had caused friction at the top. His reluctance to step back from these roles reportedly angered Yoovidhya, who at one point threatened to cut off contact unless Horner complied. Max Verstappen sided with Marko when the advisor threatened to quit during a power struggle between himself and Horner in early 2024 Perhaps the clearest sign that Horner's position was becoming untenable came just days before the British Grand Prix. At his annual clay pigeon shoot event near Oxford - a tradition typically attended by Red Bull's inner circle - Yoovidhya and Max Verstappen were both conspicuously absent. Verstappen excused himself with a supposed stomach bug, but his absence was noted, especially as tensions between driver and boss have grown. On the track, Red Bull are in unfamiliar territory. After dominating the sport in recent years, they've slipped to fourth in the constructors' standings. Verstappen - winner of the last four titles - is only third in the Drivers' Championship, behind the McLarens of Lando Norris and Oscar Piastri. Even more troubling for Red Bull is that Verstappen has an exit clause that allows him to leave if he isn't in the top three by the end of July. Throughout it all, Verstappen's loyalty has remained with Marko, the man who discovered and backed him as a teenager. When Marko threatened to quit during a power struggle between himself and Horner in early 2024, Verstappen made his stance clear. From then onwards, Horner's position at the team was precarious.
The Independent
11 hours ago
- The Independent
Have holiday prices really surged by a quarter?
Travel and data are made for each other. With thousands of suppliers catering to the holiday needs of millions of customers, the more numbers the merrier. Travel firms, the media and holidaymakers can keep track of who is going where and how much they are paying. But there are limits – and I think they may have been reached with the survey this week from the holiday price-comparison website TravelSupermarket. The headline: 'Family Holiday Price Surge for Summer 2025'. The accompanying press release said data showed ' significant price increases for family holidays in 2025 ' and that costs to some destinations have risen 'by more than a quarter' compared with last year. The key rises for 'all-inclusive seven-night family breaks for August' are: UAE: 26 per cent Egypt: 20 per cent Turkey: 15 per cent Greece: 12 per cent Spain: 9 per cent. With inflation at barely 3 per cent, those are concerning figures. The data is doubtless reliable. But what exactly do the numbers tell us? Context is important. As the firm makes clear: 'The data is based on TravelSupermarket package holiday clicks between 18 April and 17 June in both 2024 and 2025.' That's clicks, not what people paid. Now, rational behaviour cannot be assumed of someone seriously contemplating an August visit to the UAE or Egypt: the average high in Dubai is 41C, and the Red Sea resorts are only a couple of degrees cooler. That is 'unfit for human habitation' territory. However, presumably those sunseekers took one look at the prices and decided to search elsewhere, such as Tunisia, the all-inclusive budget destination for summer 2025 (average high 33C). What puzzles me is: why are the rates in Greece and Turkey up so sharply (12 and 15 per cent respectively)? For the last few weeks, I have been looking at deals from the big holiday companies. The strong sense I get is that prices are falling. Right now, I am looking at a package holiday from Bournemouth to Icmeler in Turkey, departing Friday, 18 July, with Tui, for an astonishing £195. And another from Gatwick to Corfu on Sunday, 20 July, for £190. That includes round-trip flights clocking up thousands of miles; checked baggage, transfers, and a self-catering apartment. For a family of four to be able to buy a proper package holiday in Greece or Turkey in late July for under £800 indicates what the companies call a "soft" market. Insist on all-inclusive? That will be £328 per person from Birmingham to Crete on Tuesday, 15 July. Anecdotally, some travellers are deterred from visiting Turkey, Cyprus and some Greek islands because of the proximity to the tragic conflict in the Middle East. I will happily be visiting Turkey in a couple of weeks. But I am not yet buying my ticket in the hope that prices will fall further. Back to that survey. Chris Webber, head of deals at TravelSupermarket, says: "We've seen price rises of between 4 per cent and 26 per cent across popular destinations like Spain, Greece, Turkey, the UAE and Portugal.' Seen, but not necessarily sold. I prefer data about what people buy – and this week Jet2 Holidays revealed a 5 per cent year-on-year increase in package prices, from £830 to £873, 'as supplier-led cost increases were passed through to customers'. My conclusion: talk of a 'holiday price surge' is misplaced – but possibly only premature. Meanwhile, make the most of those bargain holidays next week if you possibly can. Simon Calder, also known as The Man Who Pays His Way, has been writing about travel for The Independent since 1994. In his weekly opinion column, he explores a key travel issue – and what it means for you
Times
21 hours ago
- Times
James McMurdock took bank salary while ‘claiming Covid loans'
A former Reform MP who allegedly borrowed tens of thousands of pounds in Covid loans received a salary from an international bank throughout the pandemic. James McMurdock suspended himself from Reform UK last week after The Sunday Times posed questions about £70,000 he borrowed through two firms in 2020: one previously dormant, the other with negligible assets. The South Basildon & East Thurrock MP later said he had quit Nigel Farage's party after taking 'specialist advice' which 'is privileged and which I choose to keep private at this time'. He remains under investigation by the parliamentary commissioner for standards and was separately referred to the Public Sector Fraud Authority by the Covid corruption commissioner last week. Reform has called for him to resign so a by-election can take place.
