San Francisco mayor declares rent emergency as housing costs soar
Median rent for one-bedroom apartment in city tops $4,495 with a national median of $1,900 San Francisco ’s mayor, Daniel Lurie, declared a rent emergency on Thursday, proposing reforms aimed at curbing evictions and preventing rent spikes as the city grapples with soaring apartment prices. The Bay Area city, home to a large number of high-earning tech workers, has long been one of the most expensive housing and rental markets in the country.
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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.
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The GuardianSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-09-11. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.