Billionaire Wealth Soars to \$15 Trillion Amidst Global Poverty
Global billionaire wealth increased by \$2 trillion in 2024 to \$15 trillion, while 44% of the world's population lives on less than \$6.85 a day, according to an Oxfam report released before the World Economic Forum in Davos.
Billionaire Wealth Soars to \$15 Trillion Amidst Global Poverty
Global billionaire wealth increased by \$2 trillion in 2024 to \$15 trillion, while 44% of the world's population lives on less than \$6.85 a day, according to an Oxfam report released before the World Economic Forum in Davos.
Progress
60% Bias Score
Global Billionaire Wealth Soars as Poverty Stagnates
Oxfam's report reveals a global surge in billionaire wealth, reaching 2,769 individuals in 2022, while poverty remains stagnant and hunger rises; Germany, with 130 billionaires, sees 71 percent of their wealth originating from inheritance, highlighting a growing inequality.
Global Billionaire Wealth Soars as Poverty Stagnates
Oxfam's report reveals a global surge in billionaire wealth, reaching 2,769 individuals in 2022, while poverty remains stagnant and hunger rises; Germany, with 130 billionaires, sees 71 percent of their wealth originating from inheritance, highlighting a growing inequality.
Progress
60% Bias Score
Global Billionaire Count Rises to 2769 Amidst Widespread Poverty
In 2023, 204 new billionaires were added globally, totaling 2769, with Germany showing a 9-billionaire increase and $26.8 billion wealth growth. This contrasts sharply with nearly 3.6 billion people living below the $6.85/day poverty line and 733 million starving, creating concerns about the impact ...
Global Billionaire Count Rises to 2769 Amidst Widespread Poverty
In 2023, 204 new billionaires were added globally, totaling 2769, with Germany showing a 9-billionaire increase and $26.8 billion wealth growth. This contrasts sharply with nearly 3.6 billion people living below the $6.85/day poverty line and 733 million starving, creating concerns about the impact ...
Progress
60% Bias Score
Boeing Faces Pressure from Activist Investors and Potential Buffett Investment
Activist investors and potentially Warren Buffett are circling Boeing, creating pressure on the aerospace giant to address financial issues, manufacturing delays, and reputational damage caused by the 737 MAX grounding and the COVID-19 pandemic.
Boeing Faces Pressure from Activist Investors and Potential Buffett Investment
Activist investors and potentially Warren Buffett are circling Boeing, creating pressure on the aerospace giant to address financial issues, manufacturing delays, and reputational damage caused by the 737 MAX grounding and the COVID-19 pandemic.
Progress
44% Bias Score
EDF CFO Resigns Amidst Hinkley Point C Financial Crisis
EDF's chief financial officer resigned in March 2016 over disagreements about the financially risky Hinkley Point C nuclear power plant project in the UK, which is already significantly over budget and behind schedule, causing major concerns about EDF's financial stability.
EDF CFO Resigns Amidst Hinkley Point C Financial Crisis
EDF's chief financial officer resigned in March 2016 over disagreements about the financially risky Hinkley Point C nuclear power plant project in the UK, which is already significantly over budget and behind schedule, causing major concerns about EDF's financial stability.
Progress
48% Bias Score
Egypt's Agricultural Exports Reach Record High in 2024
In 2024, Egypt's agricultural exports hit a record 8.6 million tons, a 1.2 million-ton increase from the previous year, due to expanded domestic production and decreased production in competing nations affected by climate change; the EU and Arab nations are the top importers.
Egypt's Agricultural Exports Reach Record High in 2024
In 2024, Egypt's agricultural exports hit a record 8.6 million tons, a 1.2 million-ton increase from the previous year, due to expanded domestic production and decreased production in competing nations affected by climate change; the EU and Arab nations are the top importers.
Progress
52% Bias Score
High Street Shops Used as Fronts for Money Laundering and Modern Slavery
Organized crime is using High Street shops as fronts for money laundering and modern slavery, exploiting a rise in cash-only businesses and a lack of public awareness; police busted a Cardiff gang laundering over £1.5 million, while a Camden raid uncovered £5 million in counterfeit goods linked to m...
High Street Shops Used as Fronts for Money Laundering and Modern Slavery
Organized crime is using High Street shops as fronts for money laundering and modern slavery, exploiting a rise in cash-only businesses and a lack of public awareness; police busted a Cardiff gang laundering over £1.5 million, while a Camden raid uncovered £5 million in counterfeit goods linked to m...
Progress
40% Bias Score
US Oil Sanctions, Gas Halt Cripple Russia's Economy
The Russian economy, resilient for three years despite war and sanctions, faces a severe downturn in 2025 due to new US oil sanctions hitting major producers, a halt in gas transit through Ukraine, and internal economic policy discord; inflation exceeds 10 percent while the central bank interest rat...
US Oil Sanctions, Gas Halt Cripple Russia's Economy
The Russian economy, resilient for three years despite war and sanctions, faces a severe downturn in 2025 due to new US oil sanctions hitting major producers, a halt in gas transit through Ukraine, and internal economic policy discord; inflation exceeds 10 percent while the central bank interest rat...
Progress
48% Bias Score
Five Trillionaires Predicted by 2034: Oxfam Highlights Extreme Wealth Inequality
Oxfam's new report reveals that five individuals are projected to become trillionaires in the next decade, highlighting extreme wealth concentration amid persistent global poverty, exacerbated by inheritance and political influence.
Five Trillionaires Predicted by 2034: Oxfam Highlights Extreme Wealth Inequality
Oxfam's new report reveals that five individuals are projected to become trillionaires in the next decade, highlighting extreme wealth concentration amid persistent global poverty, exacerbated by inheritance and political influence.
Progress
64% Bias Score
Seized Funds from Corruption Case to Electrify Rural Nigeria
The United States is returning almost $53 million seized from Diezani Alison-Madueke, a former Nigerian oil minister accused of corruption, to Nigeria; the funds will be used to electrify rural areas, where only 26% of the population has access to power.
Seized Funds from Corruption Case to Electrify Rural Nigeria
The United States is returning almost $53 million seized from Diezani Alison-Madueke, a former Nigerian oil minister accused of corruption, to Nigeria; the funds will be used to electrify rural areas, where only 26% of the population has access to power.
Progress
48% Bias Score
EU Approves France's Revised Budget, Projecting 5.4% Deficit in 2025
On January 20th, the European Commission approved France's revised budget, projecting a 5.4% deficit in 2025 but maintaining the goal of a deficit below 3% by 2029; this follows a government change and aims to address France's high debt.
EU Approves France's Revised Budget, Projecting 5.4% Deficit in 2025
On January 20th, the European Commission approved France's revised budget, projecting a 5.4% deficit in 2025 but maintaining the goal of a deficit below 3% by 2029; this follows a government change and aims to address France's high debt.
Progress
48% Bias Score
Bitcoin Surges Past \$109,000 on Trump's Crypto-Friendly Policies
Bitcoin's price exceeded \$109,000 on Monday, driven by anticipation of pro-crypto policies under President-elect Trump, who plans to create a U.S. crypto reserve and implement industry-friendly regulations.
Bitcoin Surges Past \$109,000 on Trump's Crypto-Friendly Policies
Bitcoin's price exceeded \$109,000 on Monday, driven by anticipation of pro-crypto policies under President-elect Trump, who plans to create a U.S. crypto reserve and implement industry-friendly regulations.
Progress
56% Bias Score