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Diplomats at the United Nations’ talks on the future Arms Trade Treaty have made serious progress this week with a growing number of key countries bringing their support to the process. The week was also marked by pro-ATT statements from global investors’ with over US$ 1.2 trillion in assets.

The World Bank is forecasting that, for the first time ever, the number of people living in extreme poverty will fall under 10% of the world's population, to around 702 million people.

The European Parliament voted today on a resolution on the Arms Trade Treaty (ATT) that will be negotiated at a major UN conference in New York on 2 – 27 July.

Today’s World Wealth Report from Capgemini shows that times have never been better for the world’s wealthiest - since 2009 more than 4.5 million new millionaires have been created, rising to a total of 15.4 million millionaires across the world last year. Yet while the wealthy prosper, 702 million people living in extreme poverty are being left behind.

Eighty two percent of the wealth generated last year went to the richest one percent of the global population, while the 3.7 billion people who make up the poorest half of the world saw no increase in their wealth, according to a new Oxfam report released today.

Dangerous, poorly paid work for the many is supporting extreme wealth for the few. Women are in the worst work, and almost all the super-rich are men. Governments must create a more equal society by prioritizing ordinary workers and small-scale food producers instead of the rich and powerful.

In a new report released today, Oxfam exposes the weaknesses in New Zealand company law that enabled unscrupulous international arms brokers to drag the country into the deadly business of the illegal arms trade, highlighting the urgent need for a global Arms Trade Treaty.

The Viktor Bout case shows need for global rules on arms trading – a global arms trade treaty.

Global sales of ammunition are worth more than $4 billion and are growing at a faster rate than trade in guns, yet there is virtually no regulation in place to control where the bullets end up.

More than $2.2 billion worth of arms and ammunition have been imported since 2000 by countries operating under arms embargoes, according to new figures released today by international humanitarian agency Oxfam.