Extreme wealth gap widens globally as top 1% gains $42tn — Report

The world’s richest 1 per cent have amassed $42 trillion in new wealth over the past decade. This is nearly 34 times more than the entire bottom 50 per cent of the world’s population, according to a new analysis released by Oxfam. Oxfam is a British-founded confederation of 21 independent non-governmental organisations, focusing on the