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The world can halve global hunger within five years says a new Oxfam report launched today. The launch of the report coincides with an announcement by the UN Food and Agriculture Organization that the number of hungry people worldwide has dropped to 925 million in the past year.

Today, EU countries agreed on a renewed EU global health strategy - the EU’s global vision for funding and international cooperation in relation to health. In response, Oxfam EU health expert, Piotr Kolczynski, said: “In the EU’s Health Commissioner's own words, where you live should not determine whether you live or die. But EU countries only pay heed to these words within Europe’s borders. In the rest of the world, the EU is playing the industry's game and undermining the right to health of the world's poorest people. 

Oxfam International announced today the appointment of Amitabh Behar as its new Executive Director. Behar is a global civil society leader, with three decades of experience and extensive work on human rights, economic inequalities, governance accountability, philanthropy, democracy and social justice. 

The world spent yearly an estimated $112 billion on arms imports between 2018-2022, even as 9,000 people die each day from hunger driven primarily by conflict. The top five-arms exporters – the USA, Russia, France, China and Germany - which account for over three-quarters of the global arms trade, together sold an estimated $85 billion worth of arms yearly.  

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Today, 26 EU leaders agreed on a revision to the EU’s long-term budget, with one EU country blocking the agreement. If confirmed in the new year, the deal would slash the new funding for external action proposed by the European Commission and supported by the European Parliament by prioritizing investment in migration management instead. 

Responding to the Intergovernmental Panel on Climate Change’s Working Group I contribution to the Sixth Assessment Report, Oxfam Climate Policy Lead Nafkote Dabi said: “Amid a world in parts burning, in parts drowning and in parts starving, the IPCC today tables the most compelling wake-up call yet for global industry to switch from oil, gas and coal to renewables."

In January alone, billionaire wealth surged by $314 billion ―around $10 billion a day. This is more than the combined wealth of the 2.8 billion people who make up the poorest third of humanity. 

Billionaire wealth grew by $2 trillion in 2024 alone, equivalent to roughly $5.7 billion a day, at a rate three times faster than the year before. An average of nearly four new billionaires were minted every week. Meanwhile, the number of people living in poverty has barely changed since 1990, according to World Bank data. 

The world’s biggest aid donor, the European Union, was sidelined at the High Level Forum on Aid Effectiveness taking place in Busan, South Korea from 29 November – 1 December.