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Today, the European Parliament voted in favour of an European Financial Transaction Tax (FTT), with 487 votes in favour out of 685.

Plus, three other critical questions ahead of Friday’s G20 summit.

Oxfam International Executive Director Winnie Byanyima has been appointed to a new "Commission on Global Economic Transformation" led by Nobel Prize-winning economists Joseph Stiglitz and Michael Spence, initiated by the Institute for New Economic Thinking (INET).

Monday’s UN World Food Summit in Rome (16-18th) could be a waste of time and money unless world leaders intervene now to salvage it. International agencies ActionAid and Oxfam say governments are at risk of throwing away a great chance to stop more than one billion people going hungry.

Poor countries are cutting back investment in farming, health service and services to help women because of fears about rising debts and the impact of the economic crisis, according to a new database launched today. 

Today's food crisis could worsen dramatically as decades of declining investment in agriculture have constrained the ability of the world's poorest people to cope with climatic and economic shocks, according to a new report released today by international agency Oxfam International.

New Oxfam analysis describes a $27 trillion black hole – accumulating at around $3.9 trillion a year to 2030 – that low-and-middle income countries face to meet climate-related loss and damages, adaptation, and mitigation measures, along with their health, education and social protection needs.

Max Lawson, Head of Inequality Policy at Oxfam, said: "This G7 summit will live on in infamy. Faced with the biggest health emergency in a century and a climate catastrophe that is destroying our planet, they have completely failed to meet the challenges of our times. Never in the history of the G7 has there been a bigger gap between their actions and the needs of the world."

As UNGA77 kicks off, Oxfam experts are engaging with a delegation in New York along with remote participation. Oxfam experts will be focused on issues including Hunger and the Global Food System, Climate Justice, the crisis in Yemen, Ukraine, COVID-19 recovery, Inequality, Education, and more. 

More than half the population of South Sudan – 6.6 million people – are severely hungry, including 2.2 million people at risk of starvation. Yet the humanitarian response remains woefully underfunded and without an urgent increase in aid now, 7.7 million people or two-thirds of the population will face severe food shortages next year, Oxfam warned today.