'Billionaire bonanza' driving huge global inequality, says Oxfam

London

FOUR out of every five dollars of wealth generated last year ended up in the pockets of the richest one per cent, while the poorest half of humanity got nothing, said a report published by Oxfam on Monday.

As global political and business leaders gather for this week's World Economic Forum annual meeting in Davos, Switzerland, the charity's report highlights a global system that rewards the super-rich and neglects the poor.