A group of senior staff at Petroceltic International are expected to voice concerns about the alleged writing down of their employment rights in opposing a survival scheme for the company due to be put before the High Court next week for approval, the Irish Times reported. About 30 senior staff, including senior executives and management, have voted against the proposed scheme at creditors’ meetings. Under the proposals prepared by examiner Michael McAteer, the staff are due to receive just 5 per cent of monies owed to them under “change of control” clauses in their contracts.

The trial of four former Anglo Irish Bank and Irish Life & Permanent executives – Willie McAteer, John Bowe, Denis Casey and Peter Fitzpatrick – on charges connected with a €7.2 billion circular deposit between the two financial institutions in 2008 is just one of a number of criminal cases involving former Anglo directors, the Irish Times reported. The trial of Mr McAteer and Pat Whelan, another former Anglo Irish Bank executive, over an alleged fraudulent loan of over €8 million is slated to start in January 2017.

If the U.K. votes to leave the European Union, it is now clear it will be largely because a majority of Britons are no longer wiling to accept the right of EU citizens to live and work in the U.K., The Wall Street Journal reported in a commentary. The campaign was electrified by data published last month that showed a net 333,000 immigrants came to the U.K. in 2015—184,000 of them from the EU.

The chief executive of BHS told British lawmakers that Dominic Chappell, the former bankrupt who bought the company in 2015, threatened to kill him after being confronted about cash transferred out of the retailer that is now being wound down, Reuters reported. Appearing at a parliamentary hearing on Wednesday, CEO Darren Topp was scathing in his assessment of Chappell, whose Retail Acquisitions Ltd (RAL) bought BHS from billionaire Philip Green for 1 pound in March 2015.

Czech coal miner OKD, the insolvent unit of New World Resources (NWR), urgently needs a state loan of up to 1 billion crowns ($42.1 million) to keep operating, Industry Minister Jan Mladek said on Wednesday, Reuters reported. Mladek, in a statement, said that a state-backed loan was the only option for OKD to secure financing to keep operating this month. OKD, a major employer in the Czech Republic's industrial northeast, was declared insolvent by a court in May after its owners failed to secure government aid to help it through a sharp fall in global coal prices.

The European Commission is unlikely to extend global rules on how failed banks absorb losses to European lenders below the top tier of international institutions, a Commission official told Reuters on Wednesday. Such a decision would find favour with Germany and Britain, which have urged the EU executive not to extend the so-called TLAC requirement beyond the very biggest banks.

Emerging nations’ drive to catch up with the incomes of the developed world has been set back decades by the slowdown in their economies and the impact of the commodities slump, according to World Bank research, the Financial Times reported. The bank on Tuesday downgraded its global growth forecast becasue of what it said was a much worse than expected performance by commodity-exporting countries.

Russian farming conglomerate Rusagro has filed a bankruptcy claim against Razgulay , according to materials of the Moscow Arbitration Court, Reuters reported. Rusagro, a fast-growing pork and sugar producer, confirmed submitting the claim, saying it was a technical move. Rusagro acquired all existing debt, as well as around 20 percent of shares of the Razgulay Group from Razgulay creditor VEB last year. Razgulay has subsequently put its assets up for sale and Rusagro agreed to buy three sugar-processing plants and one for buckwheat from the firm.

Is there a path towards making Greece a successful self-financing economy within the eurozone? What would be required to put it on that path? These are the big questions about the economic plight of Greece and its ghastly relations with its partners, the Financial Times reported. Neither has much to do with what is going on, which is “extend and pretend”: the eurozone pretends Greece is not in default; Greece pretends it will reform; and both play for time. What would an honest reckoning look like?

UK banks' subordinated debt has tumbled as the threat of the country leaving the European Union later this month escalates, Reuters reported. Polls of polls on Sunday showed the Leave and Remain camps split down the middle at 50/50, shaking up those that have been counting on the UK staying in the EU. Additional Tier 1 bonds have dropped up to three points in the last week, while Tier 2 debt has also taken a knock.