Dominic Chappell, the former owner of BHS, tried to pay for a family holiday to the Bahamas on company expenses and took a £90,000 loan from the department store chain to pay a personal tax bill, according to evidence submitted to MPs, The Guardian reported. The allegations were made by Darren Topp, chief executive of BHS, in a submission to the parliamentary committee investigating the demise of the company, which accuses Chappell of treating the retailer’s money as if it was his own personal funds.

Multinational corporations may find it harder to escape taxation after European Union states tightened rules on Tuesday to counter tax avoidance, the International New York Times reported. Public anger has grown since news articles revealed how companies such as Amazon and Starbucks have used legal means to vastly reduce their tax bills and since the Panama Papers and the so-called Luxleaks scandals exposed the extent of problem.

Germany’s top court ruled Tuesday that an unlimited bond-buying program created by the European Central Bank at the height of Europe’s debt crisis complies with German law, ending a yearslong legal challenge to a program credited with easing fears of a breakup of the currency zone, The Wall Street Journal reported. The verdict is an important victory for ECB President Mario Draghi over his German critics at a time of renewed tensions between the ECB and its biggest shareholder, Germany.

Living expenses for members of businessman Sean Quinn’s family must continue to be paid from accounts frozen four years ago rather than from their personal accounts, the High Court has ruled. Mr Justice Brian McGovern refused an application from a receiver appointed over their assets aimed at having the money come from their personal accounts first before any call is made on the frozen accounts, the Irish Times reported.

Romania's largest power producer Hidroelectrica is no longer insolvent, Bucharest's main court ruled on Tuesday, paving the way for the first initial public offering of a state firm in the country since 2014. After the ruling, Hidroelectrica said it planned to sell a minority stake in an initial public offering in November. Hidroelectrica has been run by a court-appointed manager since it became insolvent for the first time in 2012. "The court ruled today to end Hidroelectrica's insolvency process," a court clerk who read out the ruling at the Bucharest Tribunal told Reuters.

The European Central Bank’s top policymakers will meet on Tuesday to discuss how to ensure that a possible British exit from the EU would not snuff out the eurozone’s tentative economic recovery, the Financial Times reported. The ECB believes it has the tools to weather the immediate aftermath of a Brexit and ensuing global market turmoil.

Multinational corporations may find it harder to escape taxation after European Union states tightened rules on Tuesday to counter tax avoidance, the International New York Times reported. Public anger has grown since news articles revealed how companies such as Amazon and Starbucks have used legal means to vastly reduce their tax bills and since the Panama Papers and the so-called Luxleaks scandals exposed the extent of problem.

Lenders to Irish mining group Kenmare Resources have approved the company’s restructuring plan, which will see the group cut its debt by $269 million (€238m) through a share sale, the Irish Times reported. In a statement on Monday, Kenmare said that “significant progress” had been made ahead of the proposed capital raise and it is “confident” that it will be able to deliver the agreed debt restructuring and working capital requirements of the group. The company defaulted on its debts earlier this year after failing to reach agreement with lenders on a deleveraging plan.

As a deal to sell BHS was hammered out in 2015, lawyers for the buyer repeatedly reduced the amount of cash they wanted Sir Philip Green to inject into the ailing retailer’s underfunded pension scheme, documents reveal, the Financial Times reported. MPs are probing the funding arrangements of the BHS pension plan after the group’s collapse this year left about 20,000 scheme members facing cuts to their retirement income.

Every weekday morning, Christian Bjørløw drives 12 miles from his home in southern Spain, parks his car in a sunbaked lot and, flashing his passport, walks into this sliver of Britain at the tip of the Iberian Peninsula. The Danish banker is one of about 10,000 people accustomed to an easy cross-border commute to work here. The prospect of a British vote next week to leave the European Union has put them—and Gibraltarians, who depend on easy access to Europe’s market—on edge, The Wall Street Journal reported. Spain and the U.K.