Bloomberg Zimbabwe’s central bank lifted its key interest rate to a record high, to halt a decline in its currency and rein in surging inflation amid food and fuel price pressures that have been exacerbated by the war in Ukraine. The monetary policy committee (MPC) hiked the rate to 80% from 60%, Governor John Mangudya said in a statement. …

  Bloomberg Australia’s largest bank removed secrecy clauses on salaries in its contracts, just days after a similar move by its rival. Commonwealth Bank of Australia told employees they would be free to discuss their pay starting April 11 to boost pay equity, though they shouldn’t pressure co-workers to discuss the topic, the Australian Financial Review (AFR) reported. “As part …

  Bloomberg Oil held its earlier gains as the European Union (EU) was said to plan a phaseout of Russian coal imports but steer clear of sanctioning the country’s oil and gas for now. West Texas Intermediate was up 1.2% after earlier advancing as much as 2.2%. EU nations are deeply split over the next steps to take against Russia, …