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.
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.
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 European Parliament voted today on a resolution on the Arms Trade Treaty (ATT) that will be negotiated at a major UN conference in New York on 2 – 27 July.
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On 4 December 2014, Winnie Byanyima was announced as co-chair of the World Economic Forum’s 2015 Annual Meeting in Davos-Klosters, Switzerland. Here is her response:"There is overwhelming consensus that things must change. The World Economic Forum has listed growing income inequality as a major global risk for several years running. Business leaders, faith leaders, and leaders of governments agree: extreme and growing inequality must be addressed urgently.…
In reaction to Ukraine and Russia's recent grain deal, Max Lawson, Oxfam International's Inequality and Policy Lead said: “This is extremely important decision that puts people before politics. The deal will help calm spiralling food prices which have fuelled poverty and hunger around the world".
A global bank tax to help poor countries survive the economic crisis must be urgently agreed, Oxfam said today ahead of the G20 meeting of finance ministers in Busan, South Korea.
The first anniversary of the European External Action Service (EEAS) finds the European Union (EU) in the midst of a financial and identity crisis that has precipitated Europe’s ongoing dec