BusinessNews brief
Rent control doomed this mayor’s re-election campaign. He has no regrets
Brett Smiley was elected in 2022 on the pledge to build more housing in Providence. He lost re-election for opposing rent control, which he thinks is cheap, easy politics.
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Volkswagen reports €5.8 billion third-quarter loss as Porsche charge and China slump weigh
The German carmaker's July-to-September loss widened sharply from a year earlier, with a large Porsche writedown and falling deliveries in China adding to pressure on its results.
World Bank forecasts 23% commodity price rise as energy and shipping shocks mount
The bank projects higher energy, metals and food prices in 2026, with further risks from conflict, disrupted grain shipments and El Niño.
Sources and context
CnnSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-26. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.