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All countries must use the COP20 Summit in Lima to resolve the impasse over “climate finance,” and make success possible at the critical Paris talks in December 2015, says international agency Oxfam.

The economic fallout from the coronavirus pandemic could push half a billion more people into poverty unless urgent action is taken to bail out developing countries, said Oxfam 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. 

Rich countries have secured almost three times as many courses of a World Health Organisation (WHO)-recommended COVID-19 medicine, Pfizer’s Paxlovid, according to new analysis from Oxfam and the People’s Vaccine Alliance.

Contrary to the positive picture painted by the International Monetary Fund in its 2010 World Economic Outlook, poor countries are being forced to cut back on their economic crisis-response spending too soon.

Members of the Disaster Emergencies Committee (DEC) are warning governments meeting at the UN climate talks in Warsaw that the devastating super typhoon that struck the Philippines is a glimpse of the future if urgent action is not taken.

Many countries in Asia, including Bangladesh, Viet Nam, Indonesia, Pakistan, and the Philippines, should invest more in their governments’ capacity to protect their citizens given the region's vulnerability to climate change.

Seven more states will ratify the Arms Trade Treaty today – bringing the overall total  to over 50 and triggering the countdown to entry into force.

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

Yemenis are battling a third wave of COVID, which threatens 99 per cent of the population who are unvaccinated, Oxfam said today.