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For every new billionaire created during the pandemic — one every 30 hours — nearly a million people could be pushed into extreme poverty in 2022 at nearly the same rate, reveals a new Oxfam brief today. “Profiting from Pain” is published as the World Economic Forum — the exclusive get-together of the global elite in Davos — takes place for the first time face-to-face since COVID-19, a period during which billionaires have enjoyed a huge boost to their fortunes. 

Urgent call on parties to abide by their commitments towards a permanent ceasefire in Lebanon and appeal to the international community.

With violence escalating over the past week, now is the time for both Palestinians and Israelis to show immediate restraint, says humanitarian aid agency Oxfam. All sides must do everything they can in order to protect innocent civilians.

In response to the statement issued today by the Organization for Economic Cooperation and Development’s (OECD) Development Assistance Committee, which says that countries will be able to count donations of unwanted vaccine doses as part of their foreign aid commitment, for a guideline cost of $6.72 a dose, Oxfam’s Health Policy Manager, Anna Marriott, said: “This guidance is a double insult to the world’s poorest countries. Firstly, rich countries bought up many more doses than they could use at a time of limited supply, preventing millions of people in developing countries from getting life-saving vaccines. Now they are free to charge any donations of unwanted doses to their aid budgets, to the detriment of other essential aid spending." 

Poor-quality, or “substandard”, medicines threaten patients and public health in developing countries.

At today’s EU summit, European leaders collectively pledged to raise their financial contribution to help respond to the Ebola crisis, bringing Europe’s total commitment to €1 billion.

In answer to the World Bank additional $100 million pledge for health workers in Ebola stricken countries, Nicolas Mombrial, Head of the Oxfam International office in Washington D.C says:"We applaud President Kim's leadership in committing further funding from the World Bank Group to support countries affected by Ebola. The deployment of health workers it will support is critically necessary. We…

EU finance ministers failed to agree on a ‘digital services tax’ that would ensure big tech companies pay a minimum level of tax at a meeting today in Brussels. Instead, France and Germany have presented a watered-down new proposal to only tax online advertisements.

EU Finance Ministers have dropped five of the world’s worst tax havens from the EU 'black' and 'grey' list of tax havens published today.

The EU's plans for 'controlled centers' for refugees and other migrants on European soil, as well as their proposed disembarkation arrangements in countries outside the EU for migrants rescued in the Mediterranean, are a recipe for failure.