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Billionaire wealth surges by $2.8 trillion in 2024, three times faster than the year before, while the number of people living in poverty has barely changed since 1990
Oxfam predicts there will be at least five trillionaires a decade from now. 204 new billionaires were minted in 2024, nearly four every week. In Canada, billionaire wealth increased by $309 million per day, with three new billionaires in 2024. Sixty percent of billionaire wealth is now derived from inheritance, monopoly power or crony connections,…
Oxfam welcomes Gaza ceasefire, urges permanent end to hostilities, accountability, an end to atrocities and lifting of blockade
With Israeli bombings halted, the urgent task of recovery and ensuring accountability begins for mourners enduring unimaginable loss. Oxfam welcomes the announcement of a ceasefire, with the initial agreement on the release of Israeli hostages and some of the Palestinian detainees, and the temporary ceasefire in the Gaza Strip after 15 months of a relentless…
Richest 1% burn through their entire annual carbon limit in just 10 days
The richest 1 percent have burned through their share of the annual global carbon budget -the amount of CO2 that can be added to the atmosphere without pushing the world beyond 1.5°C of warming- within the first 10 days of 2025, reveals new Oxfam analysis. In stark contrast, it would take someone from the poorest…
Africa to receive just 10% of doses needed to control mpox outbreak by end of year
African countries are set to receive just one tenth of the vaccines they need to control the mpox outbreak by the end of 2024, analysis from the People’s Medicines Alliance has found, while rich countries hold nearly all of global supplies. As the outbreak spreads across Africa, high prices are keeping vaccines and tests out…