Search results

Wealthy elites have co-opted political power to rig the rules of the economic game, undermining democracy and creating a world where the 85 richest people own the wealth of half of the world’s population, worldwide development organization Oxfam warns in a report published today. 

Today the shape of the new European Parliament was revealed, with the results marred by weak turnout and a ri

Today, EU Development Ministers meeting at the Foreign Affairs Council approved conclusions on social protection in development cooperation.

EU finance ministers still cannot agree on decisive elements of a European Financial Transaction Tax - a missed chance for a strong signal to the climate summit in Paris.

The EU’s five richest billionaires increased their wealth by 76 percent since 2020, from 244 billion euro to 429 billion, at a rate of 5.7 million euros per hour, Oxfam reveals today. At the same time, 99 percent of the EU’s population has become poorer. These findings are based on Oxfam’s new report on inequality and global corporate power. The report also reveals that if current trends continue, the world will have its first trillionaire within a decade, but poverty will not be eradicated for another 229 years. 

Oxfam welcomes the call for regulation of tax havens and illicit financial flows. Oxfam spokesperson Stephen Hale said: “The Panel's unanimous call for the r

“Today President Sarkozy signaled that a number of ‘lead’ countries could forge ahead this year with a tiny levy on financial transactions – a Robin Hood tax – and that he is confident othe

Development Finance International and Oxfam have produced the first index to measure the commitment of governments to reducing the gap between the rich and the poor.  

'In terms of a plan to reduce extreme income inequality, we are left empty handed. There has been a lot of talk and a raw sketch of plan of action in the communique, but it’s just a drop in the bucket.”

Christine Lagarde, the International Monetary Fund’s managing director, and Jim Yong Kim, president of the World Bank, spoke Tuesday about their institutions’ priorities ahead of next week’s spring meetings in Washington.