Governments need to take urgent action to combat inequality – Oxfam
London, UKReuters Governments need to take urgent action to tackle rising inequality which emerged over the COVID-19 crisis with a surge in energy and food prices ramping up pressures on millions of people around the world, Oxfam said on Monday. The report, released by the Nairobi-based charity as top policy makers and industry chiefs arrive […]
Davos 2021: Billionaires, big tech and vaccines top the WEF agenda
London, UKThomson Reuters Foundation The World Economic Forum’s gathering of global political and business elites in Davos, Switzerland took place online this year because of COVID-19 and was covered less avidly than usual by the media. But, through its digital platform, the forum’s organisers laid out an agenda more ambitious than usual, invoking the need […]
Billionaires thriving as poor suffer in widening COVID-19 divide – Oxfam
London, UKThomson Reuters Foundation Billionaires including Amazon’s Jeff Bezos and Tesla founder Elon Musk have seen their wealth soar during the COVID-19 pandemic while the world’s poor face years of hardship, charity Oxfam said on Monday as it demanded steps to tackle inequality. Nations have a “shrinking window of opportunity” to build a fair, green […]
UN food chief urges Bezos, other billionaires to step up to help world’s starving
United NationsReuters UN food chief David Beasley called on the world’s billionaires on Thursday to step up to help save some 30 million people he said are at risk of dying if they don’t receive help from the World Food Programme. Globally some 270 million people were headed toward the brink of starvation and WFP […]
US super-rich found failing in pledge to donate most of wealth
London, UKThomson Reuters Foundation Super-rich individuals who pledged to give away most of their money to good causes are instead sitting on rising wealth, with many also “warehousing” donations in dedicated family foundations or funds, a new study has found. More than three quarters of a group of US billionaires who signed up to the […]
Most people want billionaires to pitch in to aid poverty and inequality
New York City, USThomson Reuters Foundation Eight out of 10 people think billionaires should help end poverty, inequality and a host of global ills, a poll showed on Wednesday, as funding shortages and the new coronavirus stymied hopes of meeting the United Nations’ development goals for 2030. The ambitious plans, known as the Sustainable Development […]
Wealth of billionaires grows by $US2.5 billion a day while 3.4 billion live on less than $US5.50 a day – Oxfam report
The fortunes of the world’s 2,208 billionaires grew by $US2.5 billion a day last year while the 3.8 billion people who make up the poorest half of humanity saw their wealth decline by 11 per cent. The figures – which also show some 3.4 billion people are now living on less than $US5.50 a day […]
A new billionaire every two days in 2017, says Oxfam study
A new billionaire was created around the globe every two days in 2017, taking the total number to more than 2,000, according to a new report from Oxfam. Released ahead of the upcoming World Economic Forum in Davos, Switzerland, the briefing paper – Reward Work, Not Wealth – also found that the wealth of the […]