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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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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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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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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

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

Huileng Tan   


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Adam Payne   


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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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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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6 mins read

Inequality is only increasing in India — the resulting lack of trust may make climate change a tougher challenge to tackle

And, affordability comes from two places⁠ — the cost of using renewable energy and the i…