Topic: Corporate power
Wall Street giants set to smash profit records off global hunger, energy crisis
Blog / 14th September 2022Russia's war on Ukraine has wreaked havoc on global commodity markets, driving up energy and food prices and exacerbating hunger emergencies around the world.
Record profits for grain firms amid food crisis prompt calls for windfall tax
News / 25th August 2022Companies at the centre of the global grain trade have enjoyed a record bonanza amid soring food prices around the world, raising concerns of profiteering and speculation in global food markets that could put staples beyond the reach of the poorest.
Envisioning a better world without the WTO
Report / 30th July 2022The outcome of the 12th Ministerial Meeting (MC12) of the World Trade Organisation (WTO) is a big win for rich countries, but a massive defeat for the global South, explains a dossier by Focus on the Global South.
Just two weeks of food billionaire wealth gains could fund anti-hunger effort in East Africa
Blog / 19th July 2022While 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.
‘Profiting from Pain’: Covid created a billionaire every 30 hours
Report / 24th May 2022As 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 a sign of failure’
Blog / 18th March 2022A 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.
Pandemic of greed: A wake-up call for vaccine equity at a grim milestone
Report / 4th March 2022The 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.
Global youth demand EU, UK ‘unconditionally’ back vaccine patent waiver
Blog / 21st February 2022Dozens 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.
World spends $1.8tn a year on subsidies that harm environment, study finds
Report / 21st February 2022The world is spending at least $1.8tn every year on subsidies driving the annihilation of wildlife and a rise in global heating, according to a new study, prompting warnings that humanity is financing its own extinction.
Pharmaceutical companies’ failure on equal vaccine access contributed to human rights catastrophe in 2021
Report / 14th February 2022Despite urgent calls to ensure the equal distribution of Covid-19 vaccines, pharmaceutical companies tragically failed to rise to the challenge of a once-in-a-century global health and human rights crisis.