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The Latest Breaking News from Oxfam

Afternoon Update: world’s billionaires vastly richer since pandemic; Woolies store vandalised; and Victoria defends $100m Tennis Australia bailout

The wealth of the world’s billionaires grew three times faster than the rate of inflation

The Guardian - AU

Five richest men doubled fortunes after 2020, Oxfam says as Davos opens

Charity says billionaires $3.3 trillion richer than in 2020 as annual gathering of business elites take place.

Al Jazeera

World's Richest Five Men Double Fortune Since 2020: Oxfam

The world's wealthiest five men have more than doubled their fortune since 2020, the charity Oxfam said on Monday, as it called on nations to resist the ultra-rich's influence over tax policy.

International Business Times

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As the billionaires gather at Davos, it's worth examining what's become of their dreams

Gathering for their annual World Economic Forum at Davos in Switzerland this week, the world’s business and political elite will be digesting some unpleasant reading courtesy of the aid agency Oxfam International.

The Conversation

World’s five richest men double their money as poorest get poorer

Oxfam predicts first trillionaire within a decade, with gap between rich and poor likely to increase

The Guardian - UK

So far it's a grand decade for billionaires, says new report. As for the masses ...

As the World Economic Forum kicks off in Davos, the charity Oxfam has issued its annual report on wealth, poverty and inequality. It makes some bold assertions. But there are skeptics.

WEKU

Three richest Australians’ combined wealth doubles since 2020 at $1.5m an hour – Oxfam

Report says combined fortunes of Gina Rinehart, Andrew Forrest and Harry Triguboff doubled between 2020 and 2023, while one in eight Australians live in poverty

The Guardian - AU

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The 3 Richest Aussies Have Made $1.5M An Hour Since 2020 While We’re In A Cost Of Living Crisis

The richest three Australians made $1.5 million every hour since 2020, Oxfam’s shocking inequality report has found.

Pedestrian.tv

Thousands march on Washington to demand ceasefire in Gaza

Flyers indicate protesters came from as far as Florida, Minnesota, Texas and Wisconsin to protest war and US aid to Israel

The Guardian - US

Gaza daily deaths exceed all other major conflicts in 21st century: Oxfam

Human Rights Watch also says Israel’s war has included ‘acts of collective punishment that amount to war crimes’.

Al Jazeera

UN resolution on Gaza aid criticised as ‘insufficient’, ‘meaningless’

US negotiated for days to weaken the language of the resolution to ensure there is no call for an immediate ceasefire.

Al Jazeera

EU Agrees 'Historic' Reform Of Asylum Laws

The EU on Wednesday agreed to an overhaul of its asylum laws that includes more border detention centres and speedier deportations, prompting migrant charities to slam the changes as "dangerous" and "cruel".

International Business Times

EU Court Rejects Brussels Appeal Over Amazon Tax Ruling

A top EU court rejected Thursday Brussels' appeal against a ruling blocking its bid to force Luxembourg to recover 25 million euros ($272-million) in back taxes from Amazon.

International Business Times

Britain’s record on aid has been badly tarnished. Here’s how Labour can restore it

People are sceptical of Britain’s role as a force for good. But Keir Starmer can change that, writes Oxfam GB chief executive Dhananjayan Sriskandarajah

The Guardian - UK

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The Guardian - UK

One in four billionaire Cop28 delegates made fortunes from polluting industries

Exclusive: analysis by Oxfam raises concerns about influence wielded by ultra-rich mega-emitters at summit

France 24

How lending-based climate finance is pushing poor countries deeper into debt

After more than a decade of disappointment, the world’s wealthiest countries may have finally fulfilled their 2009 promise to mobilise $100 billion a year to help developing countries face the climate crisis. But the harsh truth is that developing nations are going to have to pay most of that money…

The Guardian - UK

Oxfam’s first ever strike suspended after charity offers ‘improved pay deal’

Action scheduled for 14, 15, 16 and 17 December postponed while members vote on deal

Evening Standard

Oxfam workers to stage 17 days of strike action: When and why?

The strikes will be a first for the charity in 81 years

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The Guardian - UK

Oxfam shop and office workers strike for first time

Unite union says average wages have been cut by 21% in real terms since 2018

The Conversation

From rented Christmas jumpers to ‘shwopping’, the secrets of successful business-charity collaborations

While the world’s governments meet at COP28 to take stock of progress against the UN’s Sustainable Development Goals, business leaders are also considering the impact their organisations have on the environment.

The Guardian - UK

Israel pounds ‘250 Gaza targets in a day’ as UN chief warns order may break down

Twenty people killed in airstrikes that hit two homes in Rafah, a town to which IDF told Palestinians to flee

The Conversation

Emissions inequality is getting worse – here's how to end the reign of the ultra-polluters

Climate change is overwhelmingly a problem of wealthy people. The wealthiest 1% of humanity produce over 1,000 times the emissions of the poorest 1%. In fact, these 77 million people are responsible for more climate-changing emissions than the poorest 66% (5 billion people) of humanity.

Fortune

Future generation of billionaires will inherit their wealth and be less generous: UBS

UBS expects $5.2 trillion to be transferred to the children of billionaires over the next few decades—they'll act a lot differently to their parents.

The Guardian - UK

Next phase of Gaza war risks unprecedented humanitarian crisis

It is far from clear how Israel can attack south of territory without making dire situation even worse

AAP

Ceasefire, aid calls for 'unprecedented crisis' in Gaza

As hostilities pause in Gaza, humanitarian organisations are calling for aid to be greatly increased with fears fuel, food and water are running out.

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