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Nearly two out of every five families in Yemen buy food and medicines using debt, according to Oxfam research published today. 

For every new billionaire created during the pandemic — one every 30 hours — nearly a million people could be pushed into extreme poverty in 2022 at nearly the same rate, reveals a new Oxfam brief today. “Profiting from Pain” is published as the World Economic Forum — the exclusive get-together of the global elite in Davos — takes place for the first time face-to-face since COVID-19, a period during which billionaires have enjoyed a huge boost to their fortunes. 

Today, Oxfam publishes “Takers Not Makers” as business elites gather in the Swiss resort town of Davos and, billionaire Donald Trump backed by the world’s richest man, Elon Musk, is inaugurated as President of the United States. The report shows that globally, billionaire wealth grew by $2 trillion in 2024 alone, at a rate three times faster than the previous year.

Massive displacement and cross-border fighting are spilling over neighbouring countries, worsening the already catastrophic crisis.

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.

Patients living in poverty in the Global South are being bankrupted by private healthcare corporations backed by multi-million-dollar investments from development finance institutions (DFIs) run by the UK, French, German and other rich country governments. DFIs like the World Bank’s International Finance Corporation (IFC) and the European Investment Bank (EIB) invest public funds via the private sector to help foster economic development in the Global South and tackle poverty. However, Oxfam published two investigations on DFI funding into private hospital chains and other for-profit healthcare corporations operating in low- and middle-income countries and found cases of them.   

Oxfam leaders, experts, and partners will be in New York for the UN General Assembly with a focus on the SDGs, inequality, climate, access to healthcare, humanitarian issues, and more. Oxfam is a global organization that fights inequality to end poverty and injustice and will bring this focus on inequality (Goal 10) and how it intersects with the entire 2030 agenda.

A dramatic rise in Israeli military violence has caused the largest forced displacement in the West Bank since the illegal Israeli occupation began. As the ‘Gazafication’ of the West Bank unfolds, vital humanitarian work and projects are being delayed or destroyed, Oxfam warned today.  

We are esponding to Typhoon Haiyan currently with four teams in the affected areas (Northern Cebu, Leyte and Samar) providing water and hygiene kits.

Reacting to the series of airstrikes in Sana’a on Thursday morning, Muhsin Siddiquey, Oxfam’s Yemen Country Director, said: “Despite recent reports of a withdrawal of troops from the port of Hudaydah, the tragic loss of life in Sana’a shows that death and destruction are continuing across Yemen. …