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Rising inequality could set the fight against poverty back by decades, Oxfam warned today as it published a new report showing that the number of billionaires worldwide has more than doubled since the financial crisis. 

Billionaire fortunes increased by 12 percent last year – or $2.5 billion a day - while the 3.8 billion people who make up the poorest half of humanity saw their wealth decline by 11 percent, reveals a new report from Oxfam today.

Oxfam reaction to the publication of a new World Bank – World Health Organization report which reveals that half the world do not have access to essential quality healthcare, and 800 million people face severe financial difficulties because of healthcare costs.

Despite there being more young people in the world today than ever before, they are excluded from decision-making and are the most vulnerable to economic crises, says a new Oxfam report.

Three African billionaires today have more wealth than the poorest 50% - or 650 million people across the continent, reveals a new Oxfam report today.

We need to transform our economies to deliver universal health, education and other public services. To make this possible, the richest people and corporations should pay their fair share of tax. This will drive a dramatic reduction in the gap between rich and poor and between women and men.

Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.

Oxfam welcomes the investigation of tax deals major companies strike with EU member states, but tax reform is key to end harmful and unfair tax practices.

Oxfam leaders, experts, and partners are joining the UN 79th General Assembly, Summit of the Future, and Climate Action week in New York, hosting and attending events focused on UN Security Council Reform, gender, digital rights, inequality, climate action, and humanitarian issues. They will be urging global leaders to take bold decisions and action as they deliberate on the pressing issues of our time.

EU governments are unwilling to tackle large-scale tax avoidance of multinational companies, Oxfam says in reaction to a new directive formally approved today.