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As Elon Musk’s personal fortune is expected to surpass $1 trillion with tomorrow’s SpaceX IPO, making him the world’s first trillionaire, a new Oxfam analysis reveals Musk would be richer than the poorest 46% of the world population, or 3.8 billion people, combined. Hitting $1 trillion would mean Musk’s wealth grew by over $550 billion over the past year, equivalent to an average rate of over $1 million per minute. According to Oxfam, such extreme concentrated wealth is symptomatic of decades of pro-billionaire politics that have allowed the ultra-rich to write economic rules in their favor.

Seven more states will ratify the Arms Trade Treaty today – bringing the overall total  to over 50 and triggering the countdown to entry into force.

Oxfam's "Vetoing Humanity," studied 23 of the world’s most protracted conflicts over the past decade, and found that 27 of the 30 UNSC vetoes cast on these conflicts were on Palestine, Syria and Ukraine. Oxfam and partners are at UNGA 79 this year, to call for a wholesale reform of the UN Security Council that starts with abolishing the veto power of the "elite club" - five permanent members China, France, Russia, UK and the US.

Responding to the decision by the government of Chile not to host the UN Climate Change Summit in December 2019 following weeks of social unrest, Asier Hernando, Deputy Director of Oxfam in Latin America and the Caribbean said: “Oxfam supports the right of the Chilean people to peaceful protest, and their right to demand that their government works in the interests of all citizens and not just a fortunate few.  We condemn the heavy-handed response of the Chilean government to the protests.” “The same flawed economic policies that have sparked protests on the streets of…

Oxfam reports every six months against its Safeguarding and Culture Improvement Plan. The latest report covering the period April to Sept 2020 is published today.

Between October 8, 2023, and November 27, 2024, Israeli attacks led to widespread devastation acrossLebanon, resulting in over 4,000 deaths and more than 16,000 injuries.1 On September 23, 2024, theIsraeli forces significantly escalated the scope and intensity of their offensive, launching sustained andindiscriminate attacks on civilians and civilian infrastructure across the country.

What progress has been made towards ending violence against women worldwide?

Oxfam is extremely concerned about the humanitarian impact of any foreign military intervention in Somalia – no matter who it involves – as it is taking place at a time when humanitarian needs are

 As UN Secretary-General Ban Ki-moon and other high level officials visit Goma today, Joanna Trevor of Oxfam in DRC, said:

Oxfam spokesperson Elizabeth Stuart said: