SUBSCRIBERS
'Billionaire bonanza' driving huge global inequality, says Oxfam
Published Mon, Jan 22, 2018 · 09:50 PM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam April exports up 10.6% y/y, industrial output up 6.3%
Indonesia to drive the growth of Asean’s green economy: PM Lee
Inflation overshadows US economic resilience, hurting Biden
South-east Asia heat wave shuts schools, stokes power demand
Star Entertainment chair Foster steps down, adds to management exodus
Fading bets of early RBA cuts frustrate Albanese reelection plan