BusinessNews brief
South African rand slides as oil price surge pressures emerging market currencies
South Africa's rand weakened against the dollar on Tuesday as a stronger greenback, high energy prices, and softer precious metals heightened concerns over inflation and a wider import bill.
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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
ReutersSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-09-15. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.
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