Oxfam – The European Union Times ⚡ Shocking Hidden News Reports ⚡

World's richest 1% bagged 82% of global wealth in 2017, while poorest half got nothing

EU Times — Tue, 23 Jan 2018 14:37:47 +0000

The inequality crisis is worsening, according to a new study by global charity Oxfam, which found that the world’s richest 42 people own the same amount of wealth as the poorest 50 percent worldwide. The annual report showed that 2017 saw the biggest increase in the number of billionaires in history, with new ones created […]

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Up to 146 million risk poverty if EU's austerity drags on

EU Times — Tue, 24 Sep 2013 22:30:29 +0000

As EU countries battle the financial crisis with austerity, average citizens get hurt while unemployment rises and social programs disappear. Up to 146 million Europeans are at risk of falling into poverty by 2025, the head of Oxfam’s EU office told RT. If the damage being inflicted by the European Union’s austerity measures is not […]

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1 in 6 UK children lives in poverty

EU Times — Fri, 14 Jun 2013 13:13:33 +0000

At least one in six children in Britain lives in relative poverty, new figures released by the Department for Work and Pensions (DWP) have revealed. In 2011-12, 2.3 million or 17 percent of UK children were recorded as “living in homes with substantially lower than average income”. The figure rises to 3.5 million or 27 […]

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World's 100 richest earned enough in 2012 to end global poverty 4 times over

EU Times — Mon, 21 Jan 2013 22:17:49 +0000

The world’s 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over, Oxfam has revealed, adding that the global economic crisis is further enriching the super-rich. “The richest 1 percent has increased its income by 60 percent in the last 20 years […]

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Land sold off and used for biofuels could have fed 1 billion people

EU Times — Fri, 05 Oct 2012 13:23:41 +0000

2 million kilometers of foreign purchased land in developing countries is either idle or used for Western biofuel production, according to a British charity. Oxfam’s report estimates an area the size of London is sold every six days. The report states that between 2000 and 2010, 60% of investment in agricultural land by foreign traders […]

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