ROUNDUP 2: Raw material hedges ruin Volkswagen's profit target

WOLFSBURG - The VW Group has increased sales and operating profit in the third quarter. But it is becoming more cautious about operating profit for the current year. Admittedly, the board of management sees the group still on track to meet its sales target, and the delivery margin, which was only capped in the summer, is also expected to be met. For the operating profit, however, the managers are only targeting the previous year's figure of around 22.5 billion euros, as the DAX group announced on Friday evening. Volkswagen's umbrella holding company Porsche SE, on the other hand, confirmed its earnings forecast.

Signa Group's sporting goods division in trouble

VIENNA/BERLIN - The sporting goods division of the Signa Group, founded by Austrian investor René Benko, is in financial distress, according to the company. Germany-based Tennis-Point GmbH, based in North Rhine-Westphalia and one of the largest subsidiaries of Signa Sports United N.V., has filed for insolvency with the competent district court, Signa Sports United (SSU) announced on Friday. The reason was the insufficient financial cover after the termination of an equity commitment by Signa Holding GmbH. Other units of the sports division, including Signa Sports United N.V. as the parent company, would prepare to file for insolvency proceedings in the coming days, the statement added.

Dortmund celebrates jubilarian Brandt - Terzic: 'Less sexy, more success'

DORTMUND - Matchwinner Julian Brandt just wanted to go to bed. The Dortmund midfielder therefore mastered the interviews following the 1-0 (0-0) over Werder Bremen in a rush, despite all the feelings of happiness. "I'm very happy - and tired," admitted the jet-lagged noble technician.

ROUNDUP 2: Tesla expansion near Berlin criticized before hearing

ERKNER - Environmentalists see risks in the electric car maker's handling of peat falls in the planned expansion of the Tesla factory near Berlin. Ahead of a hearing of critics Monday involving more than 1,000 objections, the Green League of Brandenburg objected to certain details not being made public. "The security report is blacked out in significant parts," League state director Michael Ganschow told the German Press Agency. The report is also incomplete, he said, because not all plant types are named. "This turns public participation into a farce."

ZDF Saturday thriller ahead in TV ratings

BERLIN - The crime thriller on ZDF attracted the most TV viewers on Saturday night. An average of 5.08 million tuned in at 8:15 p.m. to "Helen Dorn - Der kleine Bruder," starring Anna Loos. That corresponded to a market share of 20.7 percent. Das Erste had the show "Schlagerbooom 2023 - Alles funkelt! Alles glitzert!" with Florian Silbereisen. The show was watched by 4.61 million viewers (market share also 20.7 percent).

BER boss: There is no reason for flight shame

SCHÖNEFELD - BER boss Aletta von Massenbach has no guilty conscience when flying. "Not in any way. If someone is in aviation like that and knows all that is being done, all that has already been achieved, he knows that there is no reason at all to feel flight shame," the chairwoman of the management board of Flughafen Berlin Brandenburg GmbH told the "Tagesspiegel" (Saturday). She herself flies two or three times a month.

France fears for its tourism because of bomb threats

PARIS - For days now, it has been the same spectacle again and again at the Palace of Versailles: thousands of tourists have to evacuate the world-famous sight near Paris, usually around noon, because the authorities have received a bomb threat. This happened for the seventh time in eight days on Sunday - after a check by the police, the palace has so far always been able to reopen, a false alarm. Regional airports and schools have also recently been increasingly affected by such threats. In view of the highest terror alert level imposed for the country a good two weeks ago, the police are not taking any of these threats lightly.

Poor harvest on meadow orchards makes apple juice scarce

HANOVER - Apple juice is likely to become scarcer and thus more expensive for consumers in the coming months - a major reason being the very poor harvest in meadow orchards this year. Lower Saxony is also affected by this nationwide slump, said Sabine Washof, chairwoman of the board of the Lower Saxony Orchard Alliance: "It's really catastrophic." Compared to last year, she said, the yield in orchard meadows is noticeably lower.

Scholz praises role of energy suppliers in overcoming crisis

ESSEN - German Chancellor Olaf Scholz (SPD) has praised the role of energy suppliers in coping with the energy crisis caused by the Russian gas supply freeze. A feared energy shortage did not materialize "because we stuck together and acted decisively," Scholz told several thousand employees of energy company RWE in Essen on Saturday.

ROUNDUP 2: Habeck and IG Metall join forces for bridge electricity price

FRANKFURT - German Economics Minister Robert Habeck has backed IG Metall in the discussion about a discounted industrial electricity price. It is a matter of keeping energy-intensive industries in Germany and shaping their ecological transformation, the Green politician said on Sunday at the opening of the IG Metall trade union congress in Frankfurt.

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