Bloomberg The pound slumped more than 1% after UK prime minister Boris Johnson moved to change the law to guarantee the Brexit transition phase isn’t extended beyond the end of next year, reviving the threat of a no-deal split. Sterling dropped by the most since July as traders reacted to the news. Johnson’s planned legislation will include legal text to …

Bloomberg A German court paved the way for the trial of six people including three former London-based investment bankers for their role in the nation’s Cum-Ex tax scandal. The ruling by a court in the city of Wiesbaden sets up a second trial in the country over the trading strategy that’s triggered multiple probes by German prosecutors involving about 500 …

Bloomberg Nigeria’s inflation rate rose in November as food prices continued climbing following border closures. Consumer prices rose 11.9% from a year earlier compared with 11.6% in October, the Abuja-based National Bureau of Statistics said in a report published on Tuesday. The median of three economists’ estimates in a Bloomberg survey was 11.8%. Nigeria’s central bank held its benchmark rate …