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Following Typhoon Rai, hundreds of thousands of families are spending the new year in cramped evacuation centers, some being confined in rooms hosting seven families at a time, according to Oxfam.

A group of economists, activists, politicians and millionaires from seven countries across Europe today registered a ‘European Citizens’ Initiative’ (ECI) calling on the European Union (EU) to adopt a permanent annual wealth tax on Europe’s biggest fortunes to raise revenue to reduce poverty and inequality both at home and in poorer countries, and to tackle the climate crisis.

#OpenLux shows how big companies and billionaires use EU tax havens to set up shell corporations and dodge their tax bills.     

Coronavirus has breached the Sahrawi refugee camps in Algeria, putting over 170,000 chronically ill refugees at significant risk, Oxfam said today. 

Today, the European Commission unveiled a package of emergency measures to curb the surge in energy prices which are hitting European consumers hard. The package includes two measures to capture extraordinary profits from energy and fossil fuel companies.

Today, the EU reached a provisional agreement on a new carbon tariff on goods imported into Europe (the Carbon Border Adjustment Mechanism).

Climate negotiations stuck: US becoming key obstacle on the road to Copenhagen. Rich countries have not put serious money on the table to help poor countries adapt to the escalating impacts of climate change.

Nearly 90% of Somalia is now in a severe drought, following three consecutive failed rain seasons. Some areas facing their driest season in 40 years. Nearly 3.5 million people are already acutely food insecure and millions more are now at risk of going hungry by the beginning of next year.

The G7 must pursue windfall taxes on excess corporate profits including from those making huge returns from surging food and energy prices. The revenues can be used to fund an end to global hunger and to tackle climate change, says Oxfam.

There has been a catastrophic failure by the international community to forge a global ceasefire in order for countries in conflict – and the world at large – to stop the coronavirus and save millions of lives, said Oxfam today.