Economy
World / Countries / MNCs
The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. more
Annual cost for reaching the SDGs? More than $5 trillion

The cost of achieving ambitious sustainable development targets is estimated at between $5.4 and $6.4 trillion per year between now and 2030, UN economists said on Tuesday.

COVID-19 could drive global poverty back over one billion people: Study

New York: In dramatic new numbers researchers estimate that extreme poverty could spike as a result of the COVID-19 pandemic, on the day the postponed meeting of the world’s richest ...

COVID-19 to cause biggest economic contraction ever in Latin America & Caribbean

New York : The COVID-19 pandemic will herald the worst economic contraction in the history of Latin American and the Caribbean, with a projected -5.3 per cent drop in activity this year, ...

Ending extreme poverty crucial to sustainable future for all: UN chief

New York: A sustainable future for all is unlikely unless globalization benefits all children, their families and communities, UN Secretary-General António Guterres said in his mes ...

Food safety critical to development and ending poverty: FAO deputy chief

New York: Ensuring that people everywhere can trust the safety and quality of the food they eat is the focus of a UN meeting taking place this week in Rome.

Just 8 men own same wealth as half the world, says Oxfam

New York, Jan 16 (Just Earth News): Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam on Monday t ...