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Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population combined, according to an Oxfam report published today ahead of the annual gathering of the world’s financial and political elites in Davos.

People seeking safety are trapped at borders across Eastern Africa due to COVID-19 measures.    

As many as 12,000 people could die per day by the end of the year as a result of hunger linked to COVID-19, potentially more than could die from the disease, warned Oxfam in a new briefing published today. The global observed daily mortality rate for COVID-19 reached its highest recorded point in April 2020 at just over 10,000 deaths per day.

Oxfam’s new report, ‘The Inequality Virus’, reveals that the wealth of the ten richest men has increased by half a trillion dollars since the pandemic began - more than enough to pay for a vaccine for all and prevent anyone on Earth from falling into poverty because of the virus.  We have received lots of great questions about the report − here’s our answer to the 10 most frequently asked questions.

The cost of vaccinating the world against COVID-19 could be at least five times cheaper if pharmaceutical companies weren’t profiteering from their monopolies on COVID-19 vaccines, campaigners from the People’s Vaccine Alliance said today.

Today the European Commission presented its flagship European Green Deal. Oxfam welcomes the ambition of the deal to make Europe the first climate neutral continent, and to transform itself into a sustainable circular economy. However, it is vital that the European Green Deal ensures revision of Europe’s climate targets for 2030 in time for next year’s UN climate summit.

Today, EU finance ministers again failed to agree on an EU minimum tax for multinational companies. This follows a deal struck at the international level to implement a global minimum tax. 

Today, EU negotiators have reached a long-awaited political agreement on the EU migration pact. In response, Stephanie Pope, Oxfam EU migration expert, said: “As we hear EU statements celebrating this deal, the question is, at what cost?"  

Claims today have surfaced that Europe will fall €200 million short of its previous pledge to raise €2.4bn to help poor countries cope with climate change in 2010, and by as much as €357 mi

The European Commission today published an action plan for a fairer corporate tax system in the European Union.