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"In lieu of global cooperation and solidarity, pharmaceutical companies are being empowered to act as kingmakers ―deciding who lives and who dies― and using this new-found power to extract subsidies and potentially high prices for new COVID-19 vaccines," said Oxfam today in response to reports that French pharmaceutical company, Sanofi, will prioritize the US for any new COVID-19 vaccine.

Given the tremendous financing needs, Oxfam supports a strong IDA20 replenishment. We are calling for a robust policy package that is appropriately ambitious for the next three years, aimed at propelling IDA countries forward towards a just economy after COVID-19 that is more equal and inclusive.

As the US, Ethiopia and European Union coalesce around a climate finance package of $100 billion, Oxfam is calling for rich countries to provide at least $200bn a year in new money to help poor countries adapt to a changing climate and reduce their emissions.

International agency Oxfam has welcomed the announcement by international drug purchasing agency UNITAID to create a patent pool for HIV drugs. Millions of poor people will now have access to cheaper, more appropriate medicines.

Billionaire fortunes have grown at a rate three times faster than the previous five years since the election of Donald Trump in November 2024. While US billionaires have seen the sharpest growth in their fortunes, billionaires in the rest of the world have also seen double digit increases. 

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.