Billionaire wealth surged in 2024, says Oxfam
The World Economic Forum in Davos, Switzerland, is underway this week — and there are calls for taxing the extremely rich to address global inequality.
Billionaires' wealth grew three times faster in 2024 than the previous year, anti-poverty group Oxfam International reported in its latest assessment of global inequality as some of the world's political and financial elite prepared for the opening of the World Economic Forum,
The World Economic Forum kicks off in the Swiss Alpine resort on the same day as the presidential inauguration of Donald Trump.
A leading NGO warned Monday of an emerging "aristocratic oligarchy" with massive political clout and primed to profit from Donald Trump's presidency, as global elites descend on Davos for their annual confab.
Davos—where the world's richest and most powerful huddle together for public talks. Here's what happened at the forum on Tuesday.
Trump — who juiced his own net worth by tens of billions of dollars with a memecoin strategically released just before his inauguration — is likely to dominate discussions in the Swiss Alps
"Our commitment to an enterprise rooted in respect and inclusion is appropriate and necessary," Costco's board of directors said
Climate breakdown and inequality are deeply interwoven, with each crisis exacerbates the other; according to a new report.
Billionaire's wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990
The World Economic Forum has officially begun. What's at stake for the global development world? We bring you the chalet play-by-play in this Newswire special edition.
At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.