Internal communications reviewed by ABC News show that the Trump administration plans to strictly implement an executive order from the president mandating a 90-day freeze on almost all U.S. foreign aid amid a review, a measure that already has sparked widespread concern among humanitarian organizations.
Last year marked the second-largest annual increase in billionaire wealth since records started, according to Oxfam.
Billionaire wealth in Ireland increased by €35.6 million per day, Oxfam Ireland said upon the January 20 publication of Oxfam's "Takers Not Makers" report. There were two new billionaires in Ireland last year, Oxfam Ireland said on Monday, adding that Irish billionaire wealth could carpet the whole of Phoenix Park in €50 notes almost 1.5x over.
Suspending funding "could have life or death consequences" for children and families around the world, warned the head of Oxfam America.
There is increasing disparity in the world today as an "aristocratic oligarchy" is amassing wealth at unforeseen levels, a report published by development organization Oxfam said. Published ahead of the World Economic Forum (WEF) in Davos,
Oxfam report said billionaire wealth grew by $2 trillion last year, or roughly $5.7 billion a day, three-times faster than in 2023.
Group’s report comes as the world’s political and financial elite prepare for an annual gathering in Davos, Switzerland.
U.S. President Donald Trump on Wednesday re-designated Yemen's Houthi movement, known formally as Ansar Allah, as a "foreign terrorist organization", the White House said.
Oxfam Ireland CEO predicts incoming US president Donald Trump will 'slash taxes for the ultra-rich and mega-corporations at the expense of everyone else'
President Donald Trump moved on Wednesday to re-designate the Iran-proxy Houthi militia as a Foreign Terrorist Organization, as he continues to undo the policies of former President Joe Biden.
Anti-poverty report sees billionaire wealth surging as poverty is unchanged since 1990 COVER STORY | RONALD MUSOKE | On Jan.20, the global anti-poverty NGO, Oxfam International published its 2025 report.
ICE conducted "enhanced targeted operations," in certain cities like Chicago. President Donald Trump took a victory lap at a Las Vegas casino on Saturday after a five days of issuing executive ...