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 at a rate of one every two days. Their wealth has increased by 13 percent... 

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 reversed, the number of people trapped in poverty will increase... 

At least one in six children in Britain lives in relative poverty. 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 percent when... 

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 with the financial crisis accelerating rather than slowing the process,”... 

Indian labourers work in a field of Jatropha in the village of Hassan, some 250 kms from Bangalore. Jatropha, a wild shrub that grows abundantly across India, has been hailed as an eco-friendly solution to the energy needs. 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...