China’s holdings of U.S. Treasuries declined for a sixth straight month in November, as the world’s second largest economy continued to dip into its reserves to prop up a weakening yuan and stem capital flows. China’s holdings declined to $1.049 trillion, a drop of about $66 billion. Source: Reuters
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Maine’s largest city will no longer celebrate Columbus Day as a municipal holiday. The Portland City Council voted unanimously Monday to designate the second Monday in October as Indigenous Peoples’ Day. The vote came after nearly an hour of public comment. Source pressherald
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