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.
Oxfam said in a report that Trump's election win and tax-cut plans are a boon to billionaires. 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 ...
Suspending funding "could have life or death consequences" for children and families around the world, warned the head of Oxfam America.
Oxfam report said billionaire wealth grew by $2 trillion last year, or roughly $5.7 billion a day, three-times faster than in 2023.
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's research "Takers Not Makers" was published as some of the world's political and financial elite prepared for an annual gathering in Davos, Switzerland to attend the World Economic Forum. Meanwhile, billionaire Donald Trump, backed by the world's ...
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'
Last year marked the second-largest annual increase in billionaire wealth since records started, according to Oxfam.
But nothing all that golden is minting these new wealthy individuals.“Most billionaire wealth is taken, not earned, 60% comes from either inheritance, cronyism and corruption or
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.
Billionaire wealth surged last year, with the world's richest individuals adding $2 trillion to their pockets in 2024, according to a new report released Monday.
In their first unified opposition to President Trump, Democrats across the ideological spectrum accused him of preying on the nation’s most vulnerable citizens by denying them government aid.