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The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today.
Five million children worldwide died before their fifth birthday in 2021, with almost half (47%) dying during their first month, according to new UN figures.
Unless austerity is reversed, people in developing countries will lose social protections and public services just when they are most needed. And it doesn't have to be this way, write Isabel Ortiz and Matthew Cummins for Project Syndicate.
A lack of financial resources was a major sticking point at the talks, as well as vague commitments on reducing consumption and production. Report by Catherine Early for The Ecologist.
