Half of the world’s population owns just 2% of global wealth, UN report finds
Rising inequality is reinforced by the global financial system, which privileges the wealthier countries and compels the poorer nations to transfer a substantial part of their national income to them.
“Our future is not determined by the US or Europe, it is determined by us, the countries of the Global South”
Economists and researchers from Brazil and Mexico discussed pathways towards ensuring the sovereignty of the Global South over its resources.
Carbon emissions from richest 1% pose fatal threat to humanity
The richest 1% of the world’s population has emitted the same amount of carbon as the poorest two-thirds. The emissions by the ultra-wealthy in 2019 alone were enough to kill 1.3 million people
Oxfam’s report exposes the staggering growth in extreme wealth and poverty
Oxfam has called for the systemic and wide-ranging taxation of the super rich. This includes the introduction of a one-off solidarity tax as well as windfall taxes
Impose 1% surcharge on richest 10% Indians to reduce inequality: Oxfam India
Inequality has always plagued India but it has been exacerbated by the Narendra Modi government in the last eight years. The promotion of corporate giants at the cost of public welfare is the driving force behind the increasing inequality
- Brazil approves end to 6×1 work schedule and reduction of the work week to 40 hours
- Israel kills 31 people in Lebanon on the eve of Eid al-Adha
- Israel carries out sixth consecutive Eid massacre in Gaza
- Far-right Janez Janša to return for fourth government term in Slovenia
- With peace deal nearly final, US launches fresh attacks on Iran
