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While one person is dying every 48 seconds in Ethiopia, Kenya, and Somalia alone, Oxfam report that food billionaires have increased their collective wealth by $382 billion since 2020.
As the cost of essential goods rises faster than it has in decades, billionaires in the food and energy sectors are increasing their fortunes by $1 billion every two days, according to Oxfam.
A growing number of billionaires is not a sign of success; it is a sign of the failure of the economic system we have created — particularly in the context of millions of people sliding into poverty. By Amitabh Behar for IPS news.
The COVID-19 death toll has been four times higher in lower-income countries than in rich ones, according to a new report published by Oxfam on behalf of the People’s Vaccine Alliance.
Dozens of youth-led advocacy groups from around the world have published an open letter urging the European Union, the United Kingdom, Norway, and Switzerland to immediately end their opposition to a proposed patent waiver for coronavirus vaccines.
