The global inequality crisis is reaching new extremes. The richest 1% now have more wealth than the rest of the world combined. A global network of tax havens further enables the richest individuals to hide US$7.6 trillion. Click below to download the summary or the full report.
News & Media
62 people own same wealth as half the world
Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population – a figure that has fallen from 388 just five years ago, according to an Oxfam report published today ahead of the annual gathering of the world’s financial and political elites in Davos.
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Cyclone Ula approaches Vanuatu
Tropical Cyclone Ula could bring further heartache to people hit by Cyclone Pam last year as it passes close to Vanuatu’s southern islands this afternoon.
Tonga rings in 2016 with Cyclone Ula
The extent of damage in Tonga is becoming more clear in the wake of Cyclone Ula.
Cyclone Ula strikes Tonga: Oxfam poised to respond
Oxfam New Zealand is ready to respond to cyclone Ula, which swept through Tonga overnight and is expected to continue its course through the country until this evening.
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Early action on super-charged El Niño vital to saving lives
A super-charged weather phenomenon will see millions of poor and vulnerable people face hunger and poverty this year and next, as recent record global temperatures, droughts and erratic rains are compounded by what could be the most powerful El Niño on record. Harvests and livelihoods have faltered as drought has taken hold across parts of Africa, the Pacific, Asia, the Caribbean and Central and South America.
This super El Niño is causing real suffering and pushing people who are already at risk from climate change deeper into poverty, loss and extreme vulnerability. The New Zealand Government NZD$2.5 million to support Papua New Guinea and other countries in the Pacific to prepare for and respond to the effects of El Niño. While this funding announcement is a welcome start, it is clear that much more will be needed over coming months as the impacts of this potentially unprecedented El Niño event become greater.
This report builds on Oxfam’s recent briefing, “Entering Uncharted Waters: El Niño and the threat to food security”, and calls on the affected governments, regional bodies and the international community to work together in early response and preparedness in the face of an unfolding crisis.
