As the cost of essential goods rises faster than it has in decades, billionaires in the food and energy sectors are increasing their fortunes by $1 billion every two days, according to Oxfam.
Over a quarter of a billion more people could crash into extreme levels of poverty in 2022 because of COVID-19, rising global inequality and the shock of food price rises supercharged by the war in Ukraine, reveals a new Oxfam brief.
The COVID-19 death toll has been four times higher in lower-income countries than in rich ones, according to a new report published by Oxfam on behalf of the People’s Vaccine Alliance.
According to the Hunger Hotspots Report from the World Food Programme and Food and Agriculture Organization, Ethiopia, Nigeria, South Sudan and Yemen remain the countries of highest concern.
