Despite having its budget cut significantly in recent years the Insolvency Service has made orders against 119 rogue directors in the year ending 31 March 2015, compared to 65 the year before, economia reported. The government body has laid off more than a third of its workforce in recent years, going from 3,200 staff to 2,000. Accountancy firm Moore Stephens has called on the new government to back the Insolvency Service as, despite the crackdown, there is still too much criminal director behaviour slipping through the cracks.

Unemployment across emerging markets has risen sharply this year, reversing a six-year slide, even as it has continued to fall in developed countries, the Financial Times reported. The figures compound a worsening slowdown in emerging markets, driven by a fall in commodity prices and a pullback in global trade, which threatens to drag consumer spending down. “Unemployment is rising rapidly,” said Bruce Kasman, chief economist at JPMorgan, who described the trend as ”broad-based”. “Recessions in Russia and Brazil have been a major driver of the slump in job growth in recent months.

The Greek government submitted legislation to parliament on Tuesday required by its international lenders to start talks on a multi-billion euro rescue package, the Irish Times reported. Prime minister Alexis Tsipras has until Wednesday night to get those measures adopted in the assembly. A first set of reforms triggered a rebellion in his party last week and passed only thanks to votes from pro-EU opposition parties. The second bill, though less divisive, will still be a test his weakened majority.

In a related story, the Financial Times reported that Athens has left a measure imposing higher taxes on farmers out of a reform bill that is essential to securing a new financial rescue worth up to €86bn. The bill, which was submitted to parliament on Tuesday, includes an overhaul of the civil justice system and the incorporation into Greek law of an EU directive on procedures for closing down banks in a crisis. The legislature will vote on the measure on Wednesday.

U.K. Treasury chief George Osborne Tuesday announced plans to sell billions of pounds of publicly owned buildings and land in the latest stage of his 10-year plan to repair Britain’s public finances, The Wall Street Journal reported. As part of a review of government spending due in the autumn, the Treasury has asked government departments to earmark bits of their estates that could be sold to raise cash. Properties that may end up on the block include some of the Ministry of Defence’s 15 golf courses and dozens of prime central London offices.

Insolvency rates on the Isle of Wight are among the highest in the country according to latest figures, the County Press reported. They paint a bleak picture for the Island which has been ranked joint 18th in a league table of local authority areas with the highest levels of insolvency, and named in the top ten for the highest number of Debt Relief Orders (DRO). The figures, released by the Association of Business Recovery Professionals (R3), show the rate of individual insolvencies per 10,000 adult population.

An interim examiner has been appointed to Best, the company operating thirteen Best Menswear stores across Ireland and two other fashion stores employing 130 people, the Irish Times reported. The sudden closure of Clerys department store in Dublin last month had a “catastrophic” effect on the cashflow of Best as it was a concession holder operating its largest store from the Clerys premises, the court heard.

In a related story, the Financial Times reported that Poland’s banking sector is bracing itself for a $2.5bn hit as the fallout from the Swiss franc’s appreciation continues to hurt the country’s lenders. Seven of the country’s largest banks could see their combined pre-tax profit fall by more than a quarter, rating agency Moody’s said, under a government plan to force them to convert Swiss franc mortgages to Polish zloty.

The European Central Bank’s quantitative easing programme risks fuelling house price bubbles in several countries, according to new research, as investors pour cash into real estate, the Financial Times reported. Germany, Norway and the UK are judged most at risk because ultra-low interest rates and bond yields have fuelled rapid house price growth, said the report by Moody’s Analytics. Anna Zabrodzka, the author, said rising prices and the ECB’s €60bn-a-month asset-buying programme have caused “the risk of house price bubbles” to “resurface”.

Reopening the doors of Greek banks on Monday was just the beginning. Restoring trust in the banks, so that customers will be willing to deposit their money again, is one of the most important tasks that Greek and eurozone officials will face as they try to get the economy moving again, the International New York Times reported. But undoing the damage wrought in recent months will take money and time, as well as agreement among quarreling eurozone nations.