Bloomberg Prime Minister Rishi Sunak fired Nadhim Zahawi, citing “serious” breaches of ethics rules after revelations about the Conservative Party chairman’s tax affairs made his position untenable. In a letter to Zahawi on Sunday, Sunak said that the independent review of the matter had been concluded and “it is clear that there has been a serious breach of the …

  Bloomberg Britain’s soaring wage inflation is likely to push the Bank of England (BOE) to another sharp increase in interest rates this week. Investors and economists expect the UK central bank to raise its key rate a half point to 4% on February 2. That would mark the highest since 2008 and the quickest string of hikes in three …

  Bloomberg Colombia’s central bank slowed the pace of monetary tightening and signalled that interest rate rises are nearing an end as the economy’s growth outlook dims. The bank lifted its benchmark rate by three quarters of a percentage point to 12.75%, governor Leonardo Villar told reporters after the meeting. Five of the seven-member board voted for the move, while …