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The Latest Breaking News from Oxfam

CEOs got an 11% pay raise in 2025. Workers got 0.5%

A new ITUC-Oxfam report covering 1,500 companies found CEO pay is outpacing worker wages by a factor of 20—and the gap is only getting wider.

Fortune

CEO Pay Rises 20 Times Faster Than Worker Wages In 2025, Oxfam-ITUC Report Says

Executive compensation rose sharply across major global firms in 2025 while worker wages remained largely flat, according to a new Oxfam and ITUC analysis released ahead of International Workers' Day.

International Business Times

Mike Morrissey obituary

Other lives: Journalist who helped investigate the source of the ‘Teesside smell’

The Guardian - UK

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Australia low on list as global foreign aid in freefall

Australia ranks as the 25th most generous of 32 donor nations on foreign aid according to new figures, with Germany and Norway the most substantial givers.

AAP

Untaxed wealth of the top 0.1% eclipses assets of the poorest half of the world

The world's ultra-rich have stashed around $2.84 trillion (€2.47tn) in untaxed offshore accounts, a figure that surpasses the combined wealth of the bottom 50% of the human population, according to a new report.

Euronews

Global super-rich may have hidden $3.55tn from tax officials, says Oxfam

Charity calls for a levy on the very richest and the closing of tax loopholes in its report on offshore wealth

The Guardian - UK

First-edition novel from Sherlock Holmes series sells for more than £10,000

The novel, titled The Sign Of Four, is the second book in Doyle’s best-selling series.

Evening Standard

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Rare Sherlock Holmes book discovered in Oxfam charity shop sells for £11,520 at auction

The novel, titled ‘The Sign of Four’, is the second book in Doyle’s bestselling series

The Independent UK

New York is home to 154 billionaires. Together they're worth $975.7 billion—and some of them are even making $2 million an hour

It would take the typical New York private-sector worker 82,863 years to earn as much as one of the 10 wealthiest billionaires did last year on average, according to a new Oxfam America report.

Fortune

1 in 5 Americans thinks it's 'morally wrong' to be a billionaire—Gen Z in particular finds it distasteful

People aged between 18 and 29, who are Gen Z, were the most likely to find extreme wealth distasteful. One-third said it was morally wrong.

Fortune

‘Stark global inequality’: Calls for taxes on private jets grow louder as uber-wealthy flee Dubai

Private jets are up to 14 times more polluting than commercial planes – and are now being used to escape escalating conflict in the Middle East.

Euronews

Man spends years looking for rare book – only to find it in his local Oxfam

His search saw him trawl bookshops and specialist sellers across the UK

The Independent UK

Africa ‘needs permanent place on UN Security Council’ – with 80% of resolutions involving conflict on the continent

Exclusive: The disproportionate number of armed conflicts taking place Africa – many of which are climate-driven – has led campaigners to call for the continent to have better representation

The Independent UK

The great power gap: Billionaires are 4,000 times more likely to hold office than you are, and Oxfam warns it’s ruining democracy

“We actually do face a moment in which there is a fundamental choice between oligarchy and democracy,” Oxfam America senior director of economic justice Nabil Ahmed said.

Fortune

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International Business Times UK

This Davos-Inspired £1 Million Pint Has People Furious — Here's Why

Oxfam's pop-up pub charged billionaires £1 million per pint to highlight record wealth inequality as global protests surge and UK households face ongoing cost-of-living pressures.

The Guardian - UK

First Thing: ‘I no longer feel an obligation to think purely of peace,’ says Trump amid Greenland threats

Donald Trump links Greenland seizure threats to Nobel snub in letter to Norway’s prime minister. Plus, unseen home video of Martin Luther King Jr

Radio France Internationale

Billionaire wealth at new high, Oxfam warns of political influence ahead of Davos

The fortunes of the world’s ultra-rich have surged to a record high and now pose political threats, warns Oxfam’s annual report on billionaires released ahead of the World Economic Forum at Davos, which opens Monday.

The Independent UK

Billionaire wealth jumps to highest ever at $18.3 trillion as Oxfam warns of ‘dangerous inequality’

The total number of billionaires in the world has now reached 3,000 for the first time ever, while nearly half of the world’s population lives in poverty, the report says

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The Guardian - UK

‘Brazen’ political influence of rich laid bare as wealth of billionaires reaches $18.3tn, says Oxfam

Governments opting for oligarchy while brutally repressing protests over austerity and lack of jobs, charity report says

The Guardian - AU

Australian billionaires increased their wealth by almost $600,000 a day on average over last year, report shows

Data collected by Oxfam shows 48 billionaires hold more wealth than bottom 40% of the population – 11 million people – combined

The Guardian - UK

Oxfam trustee quits board over ‘cruel’ treatment of ex-boss

Balwant Singh calls for regulatory intervention after Halima Begum was forced out as chief executive

The Guardian - UK

First Thing: Trump weighs ‘very strong’ military options against Iran as death toll of protesters climbs

US president claims ‘Iran wants to negotiate’ as rights groups report that regime’s crackdown on protest has killed hundreds. Plus, how Grok’s nudification tool went viral

Evening Standard

Charity shop staff ‘thrilled’ as rare edition of The Hobbit fetches £3,000

The edition of JRR Tolkien’s much-loved classic was among a pile of old children’s books donated to the Oxfam bookshop in Stirling.

Euronews

Richest 1% have ‘blown through’ their carbon budget for 2026 in just 10 days - experts warn

Governments are being pressured to ban carbon-intensive luxury items and tax fossil fuel profits to meet climate targets.

The Guardian - UK

World’s richest 1% have already used fair share of emissions for 2026, says Oxfam

Richest 1% took 10 days while wealthiest 0.1% needed just three days to exhaust annual carbon budget, study shows

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