UAW President Shawn Fain marches with UAW members through downtown Detroit after a rally in support of United Auto Workers members as they strike the Big Three auto makers on September 15, 2023 in Detroit, Michigan. Bill Pugliano | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Nasty SeptemberJapan outperformed other major markets in Asia-Pacific on Monday. The benchmark Nikkei 225...

McDonald’s franchisees who add new restaurants will soon have to pay higher royalty fees. The fast-food giant is raising those fees from 4% to 5%, starting Jan. 1. It’s the first time in nearly three decades that McDonald’s is hiking its royalty fees. The change will not affect existing franchisees who are maintaining their current footprint or who buy a franchised location from another operator. It will also not apply to rebuilt existing locations or restaurants transferred between family members. However, the higher rate will affect new franchisees, buyers of company-owned restaurants, relocated restaurants and other scenarios that involve the...

PARIS, FRANCE – NOVEMBER 01: Gamers play the video game ’Street Fighter 6’ developed and edited by Capcom during Paris Games Week 2022 at Parc des Expositions Porte de Versailles on November 01, 2022 in Paris, France. After two years of absence linked to the Covid-19 pandemic, Paris Games Week is making a comeback in Paris. The event celebrating video games and esports will be held from November 2 to 6, 2022. (Photo by Chesnot/Getty Images) Chesnot | Getty Images Entertainment | Getty Images Japanese game developer Capcom is well known for video games like Resident Evil, Marvel vs. Capcom,...

Microsoft submitted a new proposal to U.K. regulators for the takeover of American game publisher Activision Blizzard after its initial proposal was rejected. Nurphoto | Nurphoto | Getty Images UK’s competition regulator on Friday said Microsoft’s restructured takeover proposal of Activision Blizzard, submitted in August, ”opens the door to the deal being cleared.” This is a breaking news story and will be updated shortly. Source link

A Polish Leopard 2PL tank during a Defender Europe 2022 military exercise of NATO troops including those from France, the U.S. and Poland, at the military range in Bemowo Piskie, near Orzysz, Poland, on May 24, 2022. Kacper Pempel | Reuters Poland has said it will no longer supply its neighbor Ukraine with weapons, as a rift over agricultural exports deepens. ”We no longer transfer weapons to [Ukraine], because we are now arming Poland,” Poland’s Prime Minister Mateusz Morawiecki said Wednesday on the X social media platform, previously known as Twitter, according to a Google translation. ”Ukraine is defending itself...

A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK. The OECD recently predicted that the UK will experience the highest inflation among all advanced economies this year. Bloomberg | Bloomberg | Getty Images U.K. inflation came in at 6.7% in August, below expectations and down slightly from the previous month. On a monthly basis, the headline consumer price index (CPI) rose by 0.3%. Economists polled by Reuters expected the headline figure to come in at 7% annually and up 0.7% month-on-month amid a slight uptick in prices at the pump. July saw a 6.8%...

The New York Stock Exchange welcomes executives and guests of Ormat Technologies, Inc. (NYSE: ORA), on Sept. 6, 2023, to celebrate entering its 20th year of trading on the NYSE. This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Bracing for Fed meetingU.S. stocks were little changed Monday as traders await the Federal Reserve’s September meeting. Asia-Pacific markets retreated Tuesday. Australia’s S&P/ASX 200 slipped...

Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Sept. 14, 2023. The ECB raised interest rates again, acting for the 10th consecutive time to choke inflation out of the euro zone’s increasingly feeble economy. Bloomberg | Bloomberg | Getty Images The central banks of some of the world’s biggest economies are now widely considered to have reached, or be at the brink of reaching, the highest level they will take interest rates. The European Central Bank last week signaled that its Governing Council feels rates may have got...

Demonstrators during a United Auto Workers (UAW) practice picket outside the Stellantis Mack Assembly Plant in Detroit, Michigan, US, on Wednesday, Aug. 23, 2023. Jeff Kowalsky | Bloomberg | Getty Images Stellantis said Saturday that its most recent proposal to the United Auto Workers includes raises of nearly 21% over the course of the contract, including an immediate 10% pay increase, and the end of wage tiers for some workers, the latest development in a historic showdown between the big three Detroit automakers and the union. The Jeep maker’s proposal, which is in line with proposals from Ford and General...

DETROIT — The United Auto Workers strike is bringing a blue-collar versus billionaire battle to the Motor City, just as UAW President Shawn Fain wanted. The outspoken union leader has weaponized striking — historically a last resort for the union — after less than 24 hours into a work stoppage arguably better than any UAW president has in modern times. It wasn’t by accident. Fain, a quirky yet emboldened leader, has meticulously brought the UAW back into the national spotlight after decades of near irrelevance. He wants to represent not just union members but also America’s embattled middle class, which...