The first batch of foreign central banks, sovereign wealth funds and international financial institutions have been registered to enter China’s interbank foreign exchange market. This registration comes ahead of a highly-anticipated announcement by the IMF that China’s yuan may join its foreign exchange basket. Source: Reuters
French President Emmanuel Macron signs the controversial labor reform legislation, which sparked mass protests in the country. The reforms would make it easier for companies to hire and fire workers, as well as give them more authority over pay and working conditions. Source: Sputnik
Banks and building societies are to carry out immigration checks on 70m current accounts from January in the biggest extension of Theresa May’s plans to create a “hostile environment” for illegal immigrants in Britain, the Guardian has learned. Source: The Guardian
Donald Trump ordered new sanctions on Thursday that open the door wider to blacklisting people and entities doing business with N. Korea, including its shipping and trade networks, further tightening the screws on its nuclear and missile program. Source: France 24
