Oxfam

The Covid pandemic has created a new billionaire every 30 hours and now one million people could fall into extreme poverty at the same pace, Oxfam said Monday as the Davos summit returns.

The pandemic has worsened income inequality, with the world's richest people regaining their losses in nine months while the number of people living in poverty has doubled to more than 500 million, according to a new report from the anti-poverty group Oxfam. 

The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half a billion people into poverty, Oxfam said on Thursday.

The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half a billion people into poverty, Oxfam said on April 9.

About 2,000 of the world's richest people own more than the poorest 4 billion and 600 million. The new inequality statistics has been published by the large association of charities Oxfam.

The report focuses on policies that allow men to dominate the top ranks of business and government. Economic inequality, the report argues, is built on gender inequality.

The world's richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam said on Jan. 20.

UK-based humanitarian relief agency Oxfam and another 24 nongovernmental organizations sent an open letter to European leaders calling for changes to migration policy, especially with regards to Greece, where the situation for thousands of refugees and migrants is "unsustainable."

The world's 26 richest people own the same wealth as the poorest half of humanity, Oxfam said Monday, urging governments to hike taxes on the wealthy to fight soaring inequality, reports AFP. 

Hours after a 24-year-old man from Cameroon was found dead at Moria camp on the Aegean island of Lesvos, international relief group Oxfam published a scathing report detailing inhumane conditions at the infamous facility and other sites.

Twenty human rights organizations - including Amnesty International, Oxfam, the Greek Council for Refugees, Oxfam and the local branch of Medecins Du Monde - have urged the Greek government and its European Union partners to ensure that all asylum seekers stranded on the Aegean islands are moved to suitable accommodation on the mainland or relocated to other EU countries as winter approaches.