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Destinations

Switzerland is betting big on luxury tourism – and it’s paying off

American travellers have visited Switzerland in record numbers, leading to a surge in overnight stays.

Economy

French lawmakers back tax on ultra-rich proposed by Ecologist Party

Supporters say the levy would tackle inequality in France, although some fear the effect on investment, business expansion and jobs.

Economy

UK inheritance tax receipts hit record levels after threshold freezes

The amount of money collected through inheritance tax is likely to rise further in the UK due to recent policy changes.

Economy

The world will have five trillionaires within a decade, predicts Oxfam

Billionaire wealth grew by $2tn in 2024, three times faster than the previous year, according to Oxfam's latest report on wealth.

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Green News

Richest 1% burn through their annual carbon budget in just 10 days

Climate campaigners are calling for wealth taxes on the top 1 per cent to limit their pollution and pay for damages.

Tech News

Founder of TikTok owner ByteDance tops China's rich list

The total worth of those on the list was down €2 trillion on last year's listing.

Europe in Motion

What are Europe's most unequal countries?

Over a fifth of the EU's population is currently at risk of poverty or social exclusion, says a new damning Eurostat report on living conditions. The document also highlights huge income inequalities in the Baltic states and southern Europe.

Economy

French lawmakers vote in favour of new tax on wealth of billionaires

A majority of lawmakers supported the proposition from the far-left LFI party, despite warnings from the incumbent government.

Economy

Will France's looming tax hikes force wealthy citizens to move away?

The French government is desperate to find savings of €60bn next year, part of it is going to be sourced through 'exceptional' and 'temporary' tax hikes.

Economy

Where are Europe's tax havens - and how are they luring in the rich?

Hungry for investment, countries in Europe are competing to attract and retain the wealthy. Euronews Business explores the tax perks on offer, along with the pushbacks against them.

Green News

Calls to tax super-rich for climate are gaining momentum

The carbon emissions of the world's richest 1 per cent are thought to be the same as poorest two thirds of humanity.

Business

Temu's billionaire owner takes the top spot in China's rich list

The company, along with rival Shein offer heavily discounted items and have seen increased popularity in the US and UK.

Economy

Italy doubles 'billionaires' tax on wealthy new arrivals

Locals had criticised the previous tax rules after rich expats buying property in Italy sent house prices spiking.

India

Anant Ambani, son of Asia's richest man, married in lavish wedding

The four-day wedding celebrations began on Friday with the traditional Hindu wedding ceremony and will be followed by a grand reception that’s expected to run throughout the weekend.

Economy

The world is getting richer, but who is benefiting the most?

Financial markets rallied last year after a dip in 2022, boosting global net wealth by more than 4%. Growth in Western Europe was slightly more subdued in terms of financial wealth.

Economy

Thousands of UK-based millionaires set to move overseas

The UAE remains the world's leading millionaire magnet, while China and the UK are set to see mass exoduses.

Europe News

Austrian heiress lets fifty random citizens give away her €25m fortune

Austrian-German heiress Marlene Engelhorn allowed fifty members of the public to donate her inheritance to various organisations, including a homeless aid charity and a nature conservation association.

Economy

Wealth of nations: Gap between rich and poor in Europe widens

Wealth inequality between countries across Europe is very strong. In the EU, the difference in wealth per adult between the countries with the highest and lowest levels exceeds a factor of ten.

Business

Hargreaves Lansdown rejects private equity takeover bid

The UK investment platform says the offer from a group including the Abu Dhabi Investment Authority undervalues the firm.

Economy

Wealth report: What are the richest people investing in this year?

A total of $483 billion (€443.5 billion) is waiting to be invested in 2024 across the globe. What's the smart money on?