30 million euro to aud

By Isla Binnie MADRID (Reuters) - Spain aims to invest 30 million euros (£26.7 million) in an emergency plan to manage its new status as the main destination for seaborne migration from Africa, the government said. During two months in office, Socialist Prime Minister Pedro Sanchez has asserted his liberal credentials by offering to receive hundreds of migrants rescued in the Mediterranean, as the European Union struggles to agree on how to handle them. The money will go towards covering the initial costs of managing arrivals on the beaches, from staff to hand out blankets and food to managing the process of identification and determining whether people qualify for asylum, a spokeswoman for the Prime Minister's office said. On Monday, Madrid opened a temporary reception centre in the Andalusia region which is separated from Africa by the Strait of Gibraltar, just 14 km (nine miles) at its narrowest point. Visiting the centre, which has space for up to 700 people to stay around … [Read more...] about Spain to invest 30 million euros in initial costs of migrant influx

Updated 9:20 am CDT, Tuesday, May 7, 2019 FRANKFURT, Germany (AP) — Volkswagen's Porsche division says it has agreed with prosecutors to pay a 535 million euro ($598 million) fine for negligent oversight for installing engines that violated emissions norms. Porsche does not make diesel engines but got V6 and V8 powerplants from Volkswagen's Audi division. Volkswagen was caught in 2015 using engine control software to cheat on diesel emissions tests. The scandal cost the Volkswagen group 30 billion euros in fines, repairs and settlements. Porsche has announced it will stop selling diesel cars and concentrate on gasoline, hybrid and battery-only cars. It said Tuesday it would not contest the fine. Former Volkswagen CEO Martin Winterkorn and four others have been charged with fraud in Germany and two executives went to prison in the United States. … [Read more...] about VW’s Porsche agrees to 535 million euro fine in diesel case

A man who regularly plays the lottery with the same numbers at the same place in eastern France has beaten huge odds, winning the My Million lottery twice in 18 months. Le Parisien newspaper says mathematicians it queried calculated the double win at 1 chance in 16 trillion. Radio France Bleu on Thursday quoted state lottery La Francaise des Jeux as saying the winner, who wants to remain anonymous, won 1 million euros ($1.18 million) on May 18 after winning 1 million euros in November 2016. An employee at the cafe La Havane in Evian-les-Bains told the radio that the winner "hasn't changed at all." 10 Things That Are More Likely Than Winning the Lottery Getty Images My Million is part of EuroMillions. Lady luck was also in Australia last month. A Sydney man won twice in a week national, according to NSW Lotteries. Copyright Associated Press … [Read more...] about French Man Wins Million-Euro Lottery Twice in 18 Months

LONDON (Reuters) – Formula E founder and chief executive Alejandro Agag has made a 600 million euro (530 million pound) bid to take full ownership of the company, the all-electric series said on Friday. A Formula E spokesman said the Spanish entrepreneur had written to the chairman of the board of directors setting out his plans. “I strongly believe in the future of Formula E and this offer is an expression of that confidence,” Agag wrote in the letter. “For this reason I would like to make a proposal to buy all the shares in the company at a value of 600 million euros equity value.” Formula E’s shareholders include John Malone’s Liberty Global and Discovery Communications. Excerpts from the letter were published by the motorsport.com website, whose owner the Motorsport Network last year also acquired a stake in Formula E. (Reporting by Alan Baldwin, editing by Christian Radnedge) … [Read more...] about Formula E boss Agag makes 600 million euro ownership bid

FRANKFURT (Reuters) - German premium car brand Audi <NSUG.DE>, a division of Volkswagen <VOWG_p.DE>, said it was fined 800 million euros (703.40 million pounds) on Tuesday for violations tied to heavily polluting six- and eight-cylinder diesel engines. "Considering these special items the Audi Group will significantly undercut major financial key performance indicators forecasted for the fiscal year 2018," Audi said in a regulatory statement. Parent Volkswagen warned its earnings would also be affected. Audi accepts the fine and will not lodge an appeal against it, the company said. By doing so, it said it admits its responsibility for the deviations from regulatory requirements. Earlier this month, Volkswagen terminated the contract of Audi Chief Executive Rupert Stadler, who is under investigation for suspected involvement in emissions cheating. Sales executive Bram Schot is acting as interim CEO. Volkswagen Group received a similar 1 billion euro fine in June when … [Read more...] about German prosecutors fine Audi 800 million euros for diesel violations