Essay: Six ways inequality holds back climate action
Against the backdrop of the World Economic Forum taking place this week, EMMA GARNETT and CHARLOTTE A KUKOWSKI explain, in an article first published on The Conversation, why inequality remains one of the biggest barriers to the net zero transition…
The richest one per cent own 43 per cent of global assets, Oxfam study says
London Thomson Reuters Foundation The world’s wealthiest one per cent of people own nearly 43 per cent of all global financial assets and emit as much carbon as two-thirds of the planet’s poorest, according to an Oxfam report published on Monday. Heads of state are joining chief executives, business leaders and other prominent figures this […]
Impacting the vulnerable: High power prices drive some patients in Spain into poverty
NACHO DOCE and HORACI GARCIA, of Reuters, report on the impacts higher power prices are having on some of the most vulnerable…
Biden urges G7 to stay together as leaders target Russian gold, oil price
Schloss Elmau, Germany Reuters US President Joe Biden told allies “we have to stay together” against Russia on Sunday as G7 leaders gathered for a summit dominated by war in Ukraine and its impact on food and energy supplies and the global economy. At the start of the meeting in the Bavarian Alps, four of […]
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 […]
‘Pandora Papers’ bring renewed calls for tax haven scrutiny
Washington DC, USAP Calls grew Monday for an end to the financial secrecy that has allowed many of the world’s richest and most powerful people to hide their wealth from tax collectors. The outcry came after a report revealed the way that world leaders, billionaires and others have used shell companies and offshore accounts to […]
UN chief, UK PM increase pressure on leaders for climate change funds
United Nations/Washington DC, USReuters UK Prime Minister Boris Johnson urged leaders of the world’s major economies including the United States to deliver on their commitments toward a $US100 billion per year climate fund with less than six weeks to go before a UN climate summit. Johnson and UN Secretary-General António Guterres hosted a roundtable of […]
Anti-poverty groups criticise rich countries over G7 tax deal
Frankfurt, GermanyReuters Anti-poverty campaigners on Monday criticised a deal reached by seven wealthy countries to impose a minimum tax on multinational companies, saying it would benefit rich nations at the expense of the poor. Finance Ministers from the Group of Seven advanced economies agreed on Saturday to back the creation of a global minimum corporate […]
COVID fight could return ‘to square one’: experts sound vaccines alarm
London, UKReuters India’s export ban on COVID-19 shots risks dragging the battle against the pandemic “back to square one” unless wealthy nations step in to plug a gaping hole in the COVAX global vaccine-sharing scheme, health specialists said on Thursday. COVAX, which is critical for poorer countries, relies on AstraZeneca shots made by the Serum […]
COVID-19’s pharma billionaires could vaccinate the world’s poor, charities say
Nairobi, KenyaThomson Reuters Foundation COVID-19 vaccine profits have created at least nine billionaires whose combined wealth would be enough to inoculate all of the world’s poor, a coalition of charities and activists said on Thursday, calling for a more equitable distribution of jabs. The new billionaires – who include senior executives from US firm Moderna […]