Wealth

Italy’s Borromeo family is listing a company managing real estate sites including a group of islands on Lake Maggiore, aiming to turn the area into a tourism and business hub to rival nearby Lake Como.

Switzerland voted to reject a 50% inheritance tax on super-rich residents after wealthy entrepreneurs threatened to leave the country.

Australian home prices extended gains in November as demand continued to outstrip supply, a dynamic that could add to inflation pressures and keep the country’s central bank from cutting interest rates further.

It’s been a tough time for private equity.