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While the United States faces the deepest economic downturn since the Great Depression because of COVID-19, a subset of corporations is reaping dramatic profits that are flowing to their already wealthy, mostly white male shareholders, further exacerbating existing inequalities, according to a new analysis released by Oxfam today.

International development organizations Oxfam, Plan, Eurodad and Concern Worldwide called today on EU leaders, meeting tomorrow for the first time to examine Europe’s role as a global power, to shift gear in their response to Pakistan.

In reaction to the announcement by the Saudi coalition of a ceasefire in Yemen, Muhsin Siddiquey, Oxfam Yemen Country Director, said : "The announcement from the Saudi-led coalition that it will be laying down arms is a welcome move that offers Yemen a chance to avert a fresh disaster.  

The Coronavirus crisis could result in a catastrophic loss of life in poorer countries and push half a billion more people into poverty. This week, the G20 finance ministers, the IMF and the World Bank can offer an instant lifeline – by cancelling all external debt payments for 2020. This could save $40 billion immediately and support almost 500 million of the world’s poorest to survive this crisis.

With shock and sadness 16 humanitarian organizations received the news of a fatal shooting incident involving a vehicle of the World Health Organization (WHO) carrying COVID-19 test samples in Rakhine State, Myanmar.

Meeting today in Brussels, European Finance Ministers failed to take bold action against tax evasion and avoidance, leaving a great deal still to be achieved at next week’s EU leaders’ summ

Today the European Parliament’s Environment Committee voted in favor of tightening the cap on biofuels competing with food production for land and other precious resources, such as water.

Today, EU Development Ministers meeting at the Foreign Affairs Council approved conclusions on social protection in development cooperation.

Oxfam reaction to the announcement by the European Commission that $10.4 billion had been raised to fund the research and development of vaccines, treatments and tests for the coronavirus.  

A one-off 99 percent levy on billionaires’ wealth gains during the pandemic could pay for everyone on Earth to be vaccinated against COVID-19 and provide a $20,000 cash grant to all unemployed workers, according to new analysis released today by Oxfam, the Fight Inequality Alliance, the Institute for Policy Studies and the Patriotic Millionaires.