Richest 1% own more than the rest of us: Oxfam
Paris
THE richest one per cent of the world's population now own more than the rest of us combined, aid group Oxfam said on Monday, on the eve of the World Economic Forum (WEF) in Davos.
"Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world's population - a figure that has fallen from 388 just five years ago," the anti-poverty agency said in its report published ahead of the annual gathering of the world's financial and political elites in Davos. The report, entitled "An Economy for the 1%", states that women are disproportionately affected by the global inequality.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Lifestyle
Former Zouk morphs into mod-Asian Jiak Kim House, serving laksa pasta and mushroom bak kut teh
Massimo Bottura lends star power to pizza and pasta at Torno Subito
Victor Liong pairs Aussie and Asian food with mixed results at Artyzen’s Quenino restaurant
If Jay Chou likes Ju Xing’s zi char, you might too
Mod-Sin cooking izakaya style at Focal
What the fish? Diving for flavour at Fysh – Aussie chef Josh Niland’s Singapore debut