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Oxfam and over 20 other organizations call on all States to immediately halt the transfer of weapons, parts, and ammunition to Israel and Palestinian armed groups while there is risk they are used to commit or facilitate serious violations of international humanitarian or human rights law.

Today, Oxfam publishes “Takers Not Makers” as business elites gather in the Swiss resort town of Davos and, billionaire Donald Trump backed by the world’s richest man, Elon Musk, is inaugurated as President of the United States. The report shows that globally, billionaire wealth grew by $2 trillion in 2024 alone, at a rate three times faster than the previous year.

Restrictions on movement and total siege making aid operations almost impossible.

Israel’s intent to displace around 1 million civilians, half of whom are living in famine, is impossible and illegal Oxfam said today, while the Israeli military continued to flatten Gaza City building by building as its mass forced displacement of civilians in the city gains terrifying momentum.

Today, Members of the European Parliament voted on a report for corporate responsibility in global supply chains.   

Responding to the announcement today that the G7 will back a global minimum corporate tax rate of 15 percent, Gabriela Bucher, Executive Director of Oxfam International, said: “Fixing a global minimum corporate tax rate of just 15 percent is far too low. It will do little to end the damaging race to the bottom on corporate tax and curtail the widespread use of tax havens."

The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. If current trends continue, the world will have its first trillionaire within a decade but poverty won’t be eradicated for another 229 years.

Food inflation in some East African countries outstrips the global average leaving millions hungry, while food billionaires increased their wealth by $382bn over the last two years.

The European Commission’s new plan to boost the role of the private sector in development cooperation could put efforts to reduce poverty second to the interests of European companies, said leading

Donors attending Monday’s pledging conference in Brussels must address a massive funding shortfall – over $900 million - on work needed to tackle the food crisis in the Sahel.