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Global wealth is increasingly concentrated in the hands of a small wealthy elite. This briefing explains Oxfam’s methodology and data sources and updates key inequality statistics.

New estimates show that just eight men own the same wealth as the poorest half of the world. As growth benefits the richest, the rest of society – especially the poorest – suffers. Our economy must stop excessively rewarding those at the top and start working for all people.

Oxfam welcomed today’s vote by the European Parliament in favor of emergency measures to save the ailing European Emissions Trading System (ETS) and boost the EU carbon price to help curb CO2 emiss

New IPC figures show that famine has been pushed back in South Sudan, but the food crisis continues to spread across the country and 6 million people are facing severe hunger and need immediate help.

Oxfam International Executive Director, Winnie Byanyima, will use the WEF Africa meeting in Kigali, Rwanda this week to call for a radical overhaul in the way African countries manage the income from natural resources, an end to tax havens and the use of progressive taxation to fight inequality.

By 2030, the richest 1% are on course for an even greater share of total global emissions than when the Paris Agreement was signed. Tackling extreme inequality and targeting the excessive emissions linked to the consumption and investments of the world’s richest people is vital to keeping the 1.5⁰C Paris goal alive.

Shane Stevenson, Oxfam Country Director for the Occupied Palestinian Territory and Israel said:    “Finally, for the first of 12 consecutive nights, two million Palestinians in Gaza, including hundreds of thousands of traumatized children, can rest rather than lie awake in fear as bombs fly over their homes.  And civilians across Israel will be spared the threat of rocket attacks.  

The Control Arms alliance expressed some satisfaction at progress made at the preliminary Arms Trade Treaty negotiations but urged governments to maximize time before the next meeting in 2011 to develop a draft Treaty further.

Torrential rains and a slow-moving Hurricane Ida caused severe flooding in several regions of El Salvador over the weekend, resulting in more than 140 confirmed deaths, 60 people missing, and more than 12,900 people in shelters

The US government’s plans to give every State a veto over a crucial arms trade treaty must be rejected by the British government as US Secretary of State Hilary Clinton and UK Foreign Secretary David Miliband are set to meet.