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2 mins read

Wealth of 5 richest men doubled since 2020; five billion people made poorer: Oxfam

Fortunes of five richest men have more than doubled since 2020 and the world could have its first-e…

PTI   


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6 mins read

Amazon and Walmart warehouse employees are so surveilled that they're worried about breaking to use bathroom: Oxfam report

One Amazon worker quoted in Oxfam's new report likened their experiences on the warehouse floor to …

Natalie Musumeci   


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3 mins read

Vaccine makers are making over $1,000 per second and furiously holding on to their monopolies

The COVID-19 pandemic created over 40 new billionaires in the pharmaceutical sector in the last two…

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2 mins read

The pandemic created 62 new ‘food’ billionaires and the Ukraine war will make them richer

The overall wealth of food corporations and billionaires in this business swelled by 45% in mere tw…

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3 mins read

Billionaire wealth rose more in 2 years than in the last 23 years combined

The pandemic created 573 new billionaires at the jet rate speed of — one every 30 hours. Every 33 …

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4 mins read

India's richest 1% own more than 40% of total wealth: Oxfam's Survival of the Richest report

The richest one percent of India now own more than 40% of the country's total wealth, while the bot…

PTI   


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1 min read

Oxfam calls for 'billionaire-busting' policies, says the world's top 1% has been getting richer much faster than everyone else

The UK non-profit wants to halve the wealth and number of billionaires for a "fairer, more rational…

Huileng Tan   


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2 mins read

Canada has enough COVID-19 vaccine doses to cover each citizen five times over while the fate of 67 poor countries remains undecided

As the pharmaceutical companies around the world are locked in a race to develop a vaccine for the …

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3 mins read

Most of the world's poorest countries haven't administered a single COVID-19 vaccine dose, according to the People's Vaccine Alliance

As wealthier nations speed up their COVID-19 vaccine rollout, poorer countries are being left behin…

Grace Dean   


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2 mins read

Billionaires made $3.9 trillion during the pandemic - enough to pay for everyone's vaccine

The increase in wealth of the 10 richest billionaires could pay for everyone worldwide to get the C…

Juliana Kaplan   


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3 mins read

From Mukesh Ambani to Gautam Adani — India's top billionaires increased their wealth by 35% during COVID-19 pandemic

Since March as the government announced lockdown, India's top 100 billionaires saw their for…

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2 mins read

One billionaire was minted every 30 hours during the pandemic. Now, a million people may fall into extreme poverty every 33 hours, Oxfam estimates.

In 2021, China minted 62 new billionaires, including Chris Xu, the founder of online fashion giant …

Katie Boon   


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3 mins read

Food and energy tycoons made $1 billion every 2 days amid soaring inflation while millions 'are skipping meals, turning off the heating': Oxfam

Oxfam is calling for permanent wealth taxes and windfall taxes on the super-rich and large corporat…

Huileng Tan   


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2 mins read

Huileng Tan   


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Adam Payne   


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3 mins read

India’s billionaires saw their wealth grow by ₹22 billion every day last year while the poorest 50% only saw a 3% rise in income: Oxfam

In its annual report, entitled “Public Good or Private Wealth,” Oxfam found that the bottom …

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3 mins read

World Economic Forum: How India Made Its Presence Felt?

There are two reasons why this is so. For one, across the world people mostly don’t trust business …

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2 mins read

Eight men own half of the world's wealth: Oxfam

"Over the next 20 years, 500 people will hand over USD 2.1 trillion to their heirs - a sum larger t…

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2 mins read

Big Tech companies and government officials praised the 'significant, unprecedented' G7 deal to back a global corporate tax rate of at least 15%

Silicon Valley companies on Saturday signaled approval of a G7 deal to back a 15% minimum global co…

Kevin Shalvey   


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1 min read

A mere 62 people hold wealth equal to half of the world says Oxfam

The anti-poverty agency was speaking on the eve of the World Economic Forum (WEF) in Davos, Switzer…