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The cost of vaccinating the world against COVID-19 could be at least five times cheaper if pharmaceutical companies weren’t profiteering from their monopolies on COVID-19 vaccines, campaigners from the People’s Vaccine Alliance said today.

Average global CEO pay hit $4.3 million in 2024, reveals new analysis from Oxfam ahead of International Workers’ Day (1 May). This is a 50 percent real-term increase from $2.9 million in 2019 (adjusted for inflation) —a rise that far outpaces the real wage growth of the average worker, who saw a 0.9 percent increase over the same five-year period in the countries where CEO pay data is available.

The unprecedented generosity of publics around the world to help people hit by the Indian Ocean Tsunami of 2004 saved lives and gave affected people the means to make genuine long-term recoveries, says international aid agency Oxfam.

The World Bank’s report shows clearly that billions of people were more vulnerable to the economic impacts of COVID-19 because of decades of economic policies which have kept them living one paycheck away from poverty, while the richest in society accumulate ever more wealth.

We are appalled that individuals found guilty of sexual misconduct in Haiti were unwittingly employed by other aid agencies. We strongly believe that anyone engaged in such reprehensible behavior should be barred from working with vulnerable communities.

Water-related disasters forced people to flee from their homes nearly eight million separate times in 10 of the world’s worst-hit countries last year, with many having to move multiple times – a 120% increase compared to a decade ago, said Oxfam today. 

G20 countries spend far more subsidizing the coal and oil industry than developed countries provide in adaptation finance to poor and vulnerable countries.

Following Typhoon Rai, hundreds of thousands of families are spending the new year in cramped evacuation centers, some being confined in rooms hosting seven families at a time, according to Oxfam.

Public aid money should not be used to fund corporate-backed private school chains that fuel inequality. Other donor agencies and governments now need to follow suit, said Oxfam today in response to the US House Financial Services Committee’s (HFSC) announcement that the World Bank and its private sector arm have approved a package of reforms.

An important International Monetary Fund (IMF) initiative to shore up poor people in the Global South from the worst effects of its own austerity measures and the global economic crisis is in tatters.