Wolfgang Schaeuble: Wolfgang Schaeuble, veteran of German politics, dies at 81

Wolfgang Schaeuble, who served as a member of the German parliament for over half a century, has died aged 81, ending one of Germany’s longest political careers in which he helped secure his country’s place at the heart of Europe. Schaeuble, who spent much of his career devoted to re-unifying his country and later served … Read more

2024 Might Finally Be A Good Year For Car Buyers

Happy Tuesday! It’s December 26, 2023, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. Ed Begley Jr. On The Past And Present Of Electric Vehicles 1st Gear: 2024 Will Be A … Read more

Nearly $1 Million In Cars Confiscated From Latvian Drunk Drivers Head To Ukraine

The country with the highest drunk driving rate in Europe has been sending confiscated cars to Ukraine to help in the war effort against Russia for over a year now and, by Christmas Eve, the country managed to move another 271 cars to frontline fighters, and that’s not all. The Dirtiest Things On An Airplane … Read more

Used Car Dealer Allegedly Sold One Wheelchair-Accessible Van To 13 People

Edward Scott Rock, a Philadelphia used car dealer, was arrested last week by federal authorities on charges of mail and wire fraud. Rock is accused of accepting payments from around 120 buyers across 36 states but failing to deliver a vehicle. Most of the vehicles involved were accessible for seniors, wheelchair users and people with … Read more

Rental Car Companies Made A Record-Breaking $38.3 Billion In 2023

Photo: Joe Raedle (Getty Images) When travel bans lifted and the activities of the world resumed in the wake of the COVID-19 pandemic, the folks who had been confined to their homes were eager to hit the road — and they haven’t stopped. This year, the car rental industry earned a record-breaking $38.3 billion, according … Read more

July 1 marks start of new financial year, bringing changes to Centrelink payments and wages

The new financial year is here — which means a raft of changes is set to impact Australians’ home budgets. From July 1, millions of Australians will receive a weekly pay increase of about $47 as minimum and award wages are bumped up to catch up with rising inflation and cost of living expenses. WATCH … Read more

Americans Are Driving Less, But Buying More Cars

When the world shut down in early 2020, the whole idea of “driving a car” ground to a halt for a lot of people. All those hours that would’ve been spent commuting, stuck in traffic, were now spent at home nurturing sourdough starter. But while the amount Americans drive has yet to reach the heights of … Read more

Australian borrowers face ‘mortgage cliff’ with half of all fixed rates set to expire

Australian borrowers face falling off a “mortgage cliff” as their fixed rates expire and the Reserve Bank of Australia’s repeated hikes to the cash rate set in. Analysis by finance comparison website Canstar shows fixed rate borrowers could see their monthly repayments rise by up to 63 per cent overnight. WATCH THE VIDEO ABOVE: Sunrise … Read more

Warning to Aussies building recession ‘war chests’ as banks offer tempting savings rates

Interest rates on some Australian savings accounts could soon surpass six per cent, but one financial expert has issued a warning to savers weighing up a tempting switch. A dozen banks are currently offering customers savings rates above 5 per cent and there are forecasts savings rates could hit 6 per cent in the coming … Read more