All articles tagged with #oxfam
Originally Published 2 days ago — by The Guardian
Oxfam reports that the world's richest 1% have already used up their fair share of carbon emissions for 2026, with the top 0.1% exhausting their budget in just three days, highlighting the disproportionate impact of the wealthy on climate change and urging tax reforms to address this imbalance.
Originally Published 26 days ago — by BBC
Former Oxfam GB CEO Halima Begum plans to sue the charity for constructive dismissal, claiming she was forced to resign due to a hostile and discriminatory work environment amid allegations of bullying and an independent review of workplace culture.
Originally Published 1 year ago — by Al Jazeera English
Oxfam accuses Israel of deliberately obstructing aid to Gaza, leading to impending famine, with trucks waiting an average of 20 days to access the enclave. Israel is accused of using bureaucracy to hinder aid supplies, with Oxfam detailing the rejection of a warehouse full of international aid. The United Nations warns that more than 200,000 people in northern Gaza face famine between now and May, with virtually all households across Gaza experiencing starvation.
Originally Published 2 years ago — by Cheddar
Oxfam International's annual assessment of global inequalities suggests that the world could see its first trillionaire within the next decade, pointing to the exponential growth of the fortunes of the world's five richest people, including Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, and Warren Buffett. The report coincided with the gathering of political and business elites in Davos, where numerous billionaires called for fair taxation of the super-rich. Elon Musk currently holds the title of the world's richest person, with a net worth of $226.6 billion, followed by Bernard Arnault and family with $175.1 billion, Jeff Bezos with $173.6 billion, Larry Ellison with $134.9 billion, and Warren Buffett with $119.5 billion.
Originally Published 2 years ago — by Rolling Stone
Oxfam's report predicts the world's first trillionaire within the next decade, highlighting the widening wealth gap between the richest individuals and the rest of the population. The wealth of the top five billionaires surged by 114% during the pandemic, while the bottom 60% of the world's population collectively lost about $20 billion. The report calls for government intervention to redistribute wealth and power from corporations and billionaires back to ordinary people, with Sen. Bernie Sanders emphasizing the unprecedented level of greed and inequality in the ruling class.
Originally Published 2 years ago — by Al Jazeera English
Oxfam's report reveals that the world's five richest individuals have doubled their wealth since 2020, earning $14m an hour, while global poverty has increased for the first time in nearly three decades. The report attributes this widening inequality to multiple crises, including the COVID-19 pandemic and the Russia-Ukraine war, as well as the absence of progressive taxation on new wealth being generated. Oxfam suggests higher taxes as a way to redistribute concentrated wealth and close the inequality gap, estimating that a yearly 5 percent wealth tax could mobilize up to $1.7 trillion to address humanitarian crises and support countries affected by climate change.
Originally Published 2 years ago — by CBS News
Oxfam International warns that the world is on track to produce its first trillionaire within a decade, while the wealth gap has been "supercharged" during the pandemic, with the fortunes of the five richest men doubling since 2020. The organization highlights that nearly 5 billion people have become poorer, emphasizing the urgent need for measures to address inequality, such as permanent taxation of the wealthiest individuals, more effective taxation of large corporations, and a renewed effort against tax avoidance.
Originally Published 2 years ago — by CNBC
According to an Oxfam report, the combined wealth of the world's five richest men has more than doubled since 2020, reaching $869 billion in November 2023. The report highlights the increasing wealth gap, with the richest 1% owning 43% of global financial assets, and calls for measures to curb corporate power and reduce wealth inequality, as the charity warns that extreme poverty persists while a small number of individuals race to become the world's first trillionaire within the next decade.
Originally Published 2 years ago — by Al Jazeera English
Oxfam reports that the daily death toll of Palestinians in Israel’s war on Gaza exceeds that of any other major conflict in the 21st century, with Israel's military killing Palestinians at an average rate of 250 people a day. Human Rights Watch also highlights acts of collective punishment and war crimes, including the use of starvation as a method of warfare. Satellite data analysis shows that the war in Gaza has resulted in unprecedented destruction, with tens of thousands of homes and critical infrastructure damaged or destroyed.
Originally Published 2 years ago — by Euronews
A report by Oxfam reveals that the richest 10% of Europeans are responsible for as much carbon pollution as the poorest 50%. Oxfam is calling for a European wealth tax to raise funds for reducing pollution and inequality, estimating that it could generate nearly €250 billion annually. The report also highlights the global inequalities fueling the climate crisis, with the richest 1% of the world's population producing as much carbon pollution as the poorest two-thirds. Oxfam urges governments to address these inequalities through a global redistribution of income, a transition away from fossil fuels, and a shift towards prioritizing the wellbeing of humans and the planet.
Originally Published 2 years ago — by The Washington Post
The world's richest 1% produced as much carbon emissions as the poorest two-thirds of the global population in 2019, according to a report by Oxfam. The report highlights the extravagant lifestyles and investments in heavily polluting industries by the ultra-wealthy, exacerbating the devastating effects of global warming on vulnerable communities. Oxfam calls for world leaders to address extreme wealth and suggests taxing the rich to invest in renewable energy, proposing that a 60% tax on the incomes of the richest 1% could cut emissions and raise trillions of dollars annually for the transition away from fossil fuels.
Originally Published 2 years ago — by Al Jazeera English
Oxfam has accused Israel of using starvation as a "weapon of war" in Gaza, as supplies of food, water, electricity, and fuel have been cut off. The organization called for essential goods to enter the besieged territory and warned of a humanitarian catastrophe. UN officials have also pleaded for more aid trucks to be allowed into Gaza, where only 2% of the food that would have been delivered has entered since the total siege began. Oxfam stated that about 104 trucks a day would be needed to overcome the urgent food crisis.
Originally Published 2 years ago — by Al Jazeera English
Rich G7 nations owe poor countries an estimated $13tn in unpaid development aid and support in the fight against climate change, according to British charity Oxfam. Developed countries promised in 2009 to transfer $100bn annually between 2020 and 2025 to climate-vulnerable states, but that target has not been met. Instead, the G7 nations and their banks are demanding debt repayments of $232m per day. Carbon emissions from rich nations are estimated to have caused $8.7tn in losses and damage to low and middle-income countries.
Originally Published 2 years ago — by CNN
Hong Kong has raised its minimum wage by 32 cents to HKD 40 ($5.1) per hour, but activists and community workers have criticized the increase as insufficient to cover basic needs in one of the world's most expensive cities. The minimum wage was frozen in 2021 due to the Covid-19 pandemic, but Oxfam has urged the government to raise it to at least HKD 45.4 ($5.78) an hour. The city's median hourly wage last year was HKD 77.4 ($9.86), and the wealth gap has widened during the pandemic, with the richest households making 47 times more than the poorest ones.