A RETIREE bought a brand-new car online without seeing it in what is thought to be a landmark moment for the auto industry.Most people don't think twice these days about buying electrical goods or doing their food shop online, but they still face the task of haggling with a salesman when buying a new car.But Keith Peile, 65, skipped the middle man and didn't even test-drive his new Hyundai i10 after using the manufacturer's new Click To Buy website.The retired security officer put details about his current car - a previous generation i10 - into the website and was given an automatic trade-in price on the £8,000 supermini.He then went ahead with the purchase, paying a discounted online price and avoiding any awkward negotiating with the showroom staff.The entire process, billed as an industry first, can be completed in less than five minutes when purchasing with cash.Keith, from Poole, Dorset, said: "I picked up my tablet computer, looked at the site and was so impressed that by … [Read more...] about Retiree buys brand-new car online without taking it for a test spin, in industry first
SPLITTING your train fare is a completely legit way to save £100s off the cost of your ticket.It involves calculating if it's cheaper to buy multiple tickets for the same journey - usually without having to change trains.A new fare-splitting website called Ticketclever.com launched today and it promises to save passengers up to 60 per cent off their usual fare.It claims to “unlock more cheap train fares than you can find anywhere else” with a brand new algorithm.A pretty bold claim. Jeremy Acklam, the CEO, Ticketclever told The Sun Online that he wanted to create a website that did more than what existing ones already do.He said: “The biggest savings are for journeys over an hour and on the day of travel.“But we show all the tickets. You can search for advance, flexible and same day travel. We’ll show the cheapest tickets.”There’s also no admin or booking fees for customers. Instead, Ticketclever makes it cash through deals with … [Read more...] about New fare splitting website claims to save up to 60% off train tickets with clever algorithm
The state is to initially recapitalize the Munich-based financier by purchasing an 8.7-per-cent stake in the business, HRE said in a statement. In the long term however, the German government bank bailout agency SoFFin is to take complete control of the bank, HRE said. SoFFin is to purchase 20 million shares at a price of three euros each, granting a 60-million-euro ($80.1-million) capital injection to HRE. The current shareholders will initially remain on board. "(SoFFin) intends to take action to stabilize Hypo Real Estate Group, in the interest of stabilizing the financial markets," SoFFin said. "SoFFin will implement measures to achieve a sufficient recapitalization" of HRE, the statement added. However, the prerequisite for SoFFin to stabilize the ailing bank is said to be a complete state takeover, either through the bailout fund or by direct government intervention. "To this end it is intended to make use of the options that will be provided by the German Financial … [Read more...] about German Government to Buy Stake in Ailing Lender HRE
France and Australia have agreed to sign a multi-billion dollar deal - which Paris has billed as the "contract of the century" - for 12 state-of-the-art submarines, their defence ministers said Monday. Prime Minister Malcolm Turnbull and France's Minister of Defence, Jean-Yves Le Drian, will ink the inter-governmental accord in Adelaide. The French shipbuilder DCNS will design and build the subs, dubbed Shortfin Barracudas, but most of the assembly work will be done in Adelaide, Australia. Australian Defence Minister Marise Payne said in Sydney the fleet of subs was the "largest defence procurement programme in Australia's history". The overall cost of the submarine fleet, which includes separate agreements with US and Australian contractors, totals Aus$50 billion (US$37 billion, 35 billion euro). The new contract, to be signed Tuesday, will lay out the "legal framework under which Australia and France will partner on the future submarine programme over the coming decades." Payse said … [Read more...] about Australian navy buys French-designed subs
"The celebration of Valentine’s Day did arrive in Germany much later than in the UK or the United States," the Wall Street Journal wrote back in 2014, "so it stands to reason the holiday’s rampant consumerism may arrive later too." But businesses here in Bonn are hardly holding their breath. With Karneval season now over, the clowns are coming down in the city center and the hearts are finally going up, with the day of love just days away. Advertisements on the shop windows of jewelers though hardly indulge notions of romance and luxury. The goal of many, it seems, is to remind shoppers that the holiday exists. "Valentine's Day is on February 14," more than a few signs humbly state. Though American pop culture continues to be prevalent in Germany - with all the Valentine's Day television specials and social media memes this entails - and the commercial potential of the holiday continues to tempt worldwide, the country's flirtation with the tradition seems to be … [Read more...] about Will Germany ever really buy Valentine’s Day?