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A coalition of organizations has published a new database today revealing $38.2 billion worth of investment and financial relationships that involve 318 financial intermediary clients of Dutch development bank FMO and the World Bank’s private lending arm, the IFC. 

Today, Tuesday 5 October, European economic and finance ministers met to approve an update to the EU’s list of tax havens. This comes in the midst of the unfolding Pandora papers scandal and global tax negotiations. 

In response to the Global Report on Food Crises released today, Oxfam International’s Global Advisor for Emergency Food Security and Livelihoods Emily Farr said: “Oxfam is deeply concerned by the findings from the Global Report on Food Crises released today, which show that the confluence of conflict, economic shocks including from COVID-19, and extreme weather exacerbated by climate change has radically increased extreme hunger and inequality around the globe.

Europe’s General Court ruled that Amazon did not profit from illegal state aid in Luxembourg. This ruling dates back to a 2017 European Commission decision which stated that Amazon benefited from an illegal tax deal with Luxembourg and had to repay €250 million in unpaid taxes to the Grand Duchy. Amazon and Luxembourg have appealed this decision. The verdict follows last year’s defeat for the Commission in its high-profile case against Apple and Ireland.  

In reaction to the GRFC 2023, Oxfam Global Food and Economic Security Lead, Emily Farr, said:  “For global hunger to rise for a fourth consecutive year in a world of plenty is a stain on our collective humanity. Decades of progress made to end poverty and hunger are being fast-reversed by conflict, economic shocks, and climate change.  

The European Parliament voted on the report "Own resources: a fresh start for the EU Finances, a new start for Europe". The ONE Campaign, Oxfam, ActionAid and Global Citizen are campaigning for any new own resources to be used to increase the EU’s external action budget to deliver on the EU’s promises on global development and climate action.  

Families still reeling from the aftermath of a two-year conflict in Tigray are now resorting to increasingly desperate measures to survive. The conflict and erratic rainfall throughout the north of the country has further exacerbated the planting season which threatens to plunge the region into deeper humanitarian catastrophe if nothing is done, warns Oxfam.

Oxfam warns that over six million people from farming families in Zambia are facing acute food shortages and malnutrition until next growing season, which is twelve months away, due to a severe drought, exacerbated by climate change and El Nino, which has caused massive crop failures for half of the nation’s “planted area”. 

Today, European finance ministers updated the EU tax havens list. They added Antigua and Barbuda, Belize and Seychelles to the blacklist and removed the British Virgin Islands, Costa Rica and the Marshall Islands.

Cyclone Amphan has left a trail of devastation throughout north-east India and the Bangladesh coast, with over 80 deaths reported so far, destroying homes, embankments and crops, and compounding the suffering in many communities already hit by coronavirus and the impact of the lockdown.