World Bank sounds alarm on “historical reversal” of development for poorest nations
Washington DC, US Reuters Half of the world’s 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, the World Bank said in a report on Monday. The differential between per capita income growth in the poorest countries and the […]
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 […]
World’s richest 2,000 people hold more than poorest 4.6 billion combined – Oxfam
Nairobi, KenyaReuters The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam said on Monday. The Nairobi-headquartered charity said in a report released ahead of […]
Just eight of the world’s richest have more wealth than the poorest 3.6 billion
Just eight of the world’s richest men have more wealth than the poorest half of the global population – some 3.6 billion people, according to a new analysis from Oxfam. A briefing paper from Oxfam, An economy for the 99%, says that while since 2015, the world’s richest one per cent of people have owned more […]