Billionaires' wealth soared in 2024, a top anti-poverty group said ahead of an annual gathering in Davos, Switzerland of some of the world's political and financial elite.
A latest inequality report revealed a major prediction that within the coming decade approximately five renowned personalities on this planet can eventually become trillionaires.
Billionaire wealth skyrocketed by USD 2 trillion in 2024, highlighting increasing inequality. Oxfam's report underscores the growing gap, with Asia contributing USD 299 billion. The wealth gap is fueled by inheritance,
Five people are expected to amass at least $1 trillion in wealth within the next decade, if current trends continue, according to Oxfam’s annual inequality report, released Sunday. Tesla and ...
According to the anti-poverty group Oxfam International, billionaire wealth surged by $2tn (€1.93bn) in 2024, equivalent to roughly $5.7bn (€5.5bn) a day, three times faster than the year ...
The New Zealand Government has just announced its climate target for 2035 under the Paris Agreement. New Zealand is obliged to set a Nationally Determined Contribution (NDC) that shows ‘maximum possible ambition’ to reduce climate-harming emissions. The NDC must also show progress from the 2030 target.
The findings of the inquiry in the protection of personal information will not be released on Monday 3 February as announced earlier this afternoon. The Public Service Commissions
In the wake of a deadly air disaster, Trump and Musk aim to gut the federal workforce and eliminate regulatory efforts.
Elon Musk’s Tesla paid a total of $0 in federal income taxes in 2024, new tax reports show, despite the company having raked in billions of dollars in income and being the most valuable car company in the world.
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DeepSeek’s free, open-source AI model is upending financial predictions and causing major turmoil in the stock market.
Oxfam’s calculates that 36% of billionaire wealth is now inherited. Research by Forbes found that every billionaire under 30 has inherited their wealth, while UBS estimates that over 1,000 of today’s billionaires will pass on more than $5.2tn to their heirs over the next two to three decades.