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Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population – a figure that has fallen from 388 just five years ago, according to an Oxfam report published today ahead of the annual gathering of the world’s financial and political elites in Davos.

Super Typhoon Mangkhut is the 15th storm to hit the Philippines this year and, so far, the strongest for 2018. An average of 20 typhoons hit the country each year.

Responding to the UK Government’s announcement that G7 leaders will agree to new financing for infrastructure projects in developing countries and an increase international climate finance, Oxfam's climate change lead Nafkote Dabi said: "This plan could support green development in poorer countries, but it is lacking in detail including on who will foot the bill."

In reaction to today’s UN 2023 Global Humanitarian Outlook report, revealing that 339 million people are in urgent need of humanitarian aid - the highest caseload in history -  Oxfam’s Global Humanitarian Director Marta Valdes Garcia said: “One in every 23 people around the world –the equivalent of nearly half of the entire population of Europe– is now in urgent need of humanitarian aid. This news must be an immediate wake-up call. 

Billionaire fortunes have grown at a rate three times faster than the previous five years. The number of billionaires has surpassed 3,000 for the first time, and the level of billionaire wealth is now higher than at any time in history. Meanwhile, one in four people globally face hunger. 

Have a query about Oxfam's work? Need a lead on a story about fighting the injustice of poverty? Find an Oxfam media officer near you.

A staggering 40 per cent drop in funding focused on climate change adaptation, revealed by the OECD yesterday, should prompt renewed action at the Ministerial Meeting on Mobilizing Climate Finance in Washington and meetings of EU climate experts in Brussels next week.

Europe is facing unacceptable levels of poverty and inequality. This briefing paper reviews the current situation and presents recommendations to help put an end to poverty and extreme inequality in Europe.

As the climate talks in Durban enter the final day the emerging deal remains uncertain. But the catastrophic climate impacts the world faces if tough and ambitious decisions are not taken within the next 24 hours are crystal clear.

As rains continue to lash the flood ravaged Sindh province in Pakistan, Oxfam warns of a severe risk of a public health crisis if clean water and sanitation is not urgently provided.