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☆ The Ambani Wedding Event Signifies the Rise of the Oligarch in Modi’s India - The New York Times
▼ + stars: | 2024-03-17 | by ( Sonia Faleiro | ) www.nytimes.com time to read: +2 min

Those were some of the highlights of what is likely the most ostentatious “pre-wedding” ceremony the modern world has ever seen. Watching the event, I couldn’t help thinking of the 1911 durbar, or royal reception, when King George V was proclaimed emperor of India. It’s difficult to imagine the Ambani-Merchant wedding event in an India that isn’t ruled by Prime Minister Narendra Modi. India’s richest 1 percent now own more than 40 percent of the country’s wealth, according to Oxfam. Oxfam has described this new India as the “survival of the richest.”

Persons: Rihanna, Mark Zuckerberg, Mukesh Ambani’s, Anant, Radhika Merchant ., Bill Gates, Ivanka Trump, King George V, Ambani, isn’t, Narendra Modi, Modi, ” Organizations: Radhika Merchant . Monarchs, India, Oxfam Locations: Gujarat, India, Britain

☆ The extravagant Ambani pre-wedding party was an affront to the millions of Indians in poverty, critics say
▼ + stars: | 2024-03-08 | by ( Joshua Zitser | Spriha Srivastava | ) www.businessinsider.com time to read: +5 min

But critics say it showed a telling disregard for the struggles of the many millions of Indians living in poverty. Spanning three days, the pre-nuptial event included a private performance by Rihanna, which estimates suggest cost up to $9 million. AdvertisementTripathi pointed out that 800 million of India's 1.4 billion population receive monthly food rations of wheat or rice. Sohini Kar, an associate professor at the London School of Economics, whose work focuses on urban India, told BI she agrees. Anant Ambani and Radhika Merchant serve traditional Gujarati food to villagers ahead of their pre-wedding celebrations on the outskirts of Jamnagar, India.

Persons: —, Anant Ambani, Asia's, Radhika Merchant, Rihanna, Nita Ambani, Shyam Bihari, WaterAid, Haldia, Rakhi Tripathi, Tripathi, Sohini Kar, Kar, St Louis Fed, Mukesh Ambani, Ratan Tata, Nita, Stringer Organizations: Service, Business, Bank, New, of Management, London School of Economics, BI, Oxfam International, St, Bloomberg, Architectural Digest, Reliance Foundation, Reuters Locations: India, Delhi, Asia, Mumbai, Jamnagar, Gujarat

☆ Jeff Bezos dethrones Elon Musk to become the richest person on earth again
▼ + stars: | 2024-03-04 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Jeff Bezos has reclaimed the title of the richest person on earth, surpassing Elon Musk, according to the Bloomberg Billionaires Index on Monday. The Amazon founder’s net worth was $200 billion, while Musk followed at $198 billion. Musk has lost about $31 billion over the past year, while Bezos has gained $23 billion, according to the index. The three centibillionaires — Musk, Arnault and Bezos — have been in competition with each other for the top spot for months. Of course, the title of the richest person on earth swaps every few months, depending on markets performance.

Persons: Jeff Bezos, Elon, Musk, Bezos, Bernard Arnault, Louis Vuitton, Dior, Celine, Arnault, Michelle Toh, Tami Luhby, Chris Isidore Organizations: New, New York CNN, Bloomberg Locations: New York, Delaware

☆ A global tax on billionaires is on the G20 agenda. Will it ever happen?
▼ + stars: | 2024-03-01 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —Finance officials from the world’s biggest economies began talks this week on introducing a global minimum tax on billionaires. According to the EU Tax Observatory, the super-rich in big countries pay a far smaller share of their income in taxes than ordinary people. The world’s current patchwork of tax regimes fails “to properly tax the individuals with the highest ability to pay taxes,” he added. The negotiations on a minimum tax on corporations took years,” Quentin Parrinello, senior policy advisor at the EU Tax Observatory, told CNN. Practical headachesA global minimum tax on billionaires would be more complicated to implement than the one introduced for corporations, says Arun Advani, an economics professor at the University of Warwick.

Persons: ” Gabriel Zucman, ” Quentin Parrinello, ” Parrinello, Arun Advani, “ It’s, ” Advani, “, ’, Advani, ” Organizations: London CNN — Finance, EU, Observatory, Oxfam, EU Tax Observatory, Independent, Climate Finance, European Union, CNN, University of Warwick Locations: São Paulo, Brazil, France, Italy, United States, China, India, Saudi Arabia, Argentina, London, New York

☆ Calls grow in Europe to halt arms exports to Israel as US Senate passes aid package
▼ + stars: | 2024-02-13 | by ( Christian Edwards | ) edition.cnn.com time to read: +7 min

The concern around continuing arms exports to Israel comes after the International Court of Justice (ICJ) last month ordered Israel to “take all measures” to comply with international laws on genocide. “In the government’s view, the distribution of American F-35 parts is not unlawful. Dutch Prime Minister Mark Rutte met Israeli cabinet minister Benny Gantz at the Knesset in Jerusalem, February 12, 2024. Meanwhile, Italian Foreign Minister Antonio Tajani told local media in late January that Italy had stopped all arms shipments to Israel since October 7. Spanish Foreign Minister Jose Albares too said in late January that his country had also halted arms sales to Israel in October.

Persons: “, Josep Borrell, ” Borrell, Mike Johnson, Joe Biden, Benjamin Netanyahu, Biden, Mark Rutte, Benny Gantz, Gantz, Abir, Justin Bronk, ” Bronk, Bronk, Lockheed Martin, ”, ‘, ’ ”, Antonio Tajani, Jose Albares Organizations: CNN, United States Senate, Israel, Monday, Oxfam, Hague, International Court of Justice, Israeli, Hamas, US, Stockholm International Peace Research Institute, State, Dutch, Royal United Services Institute, Israeli Air Forces, Lockheed, Netherlands Air Force, Pagella, Spanish, El, Amnesty International Locations: Israel, Gaza, Netherlands, Belgium, Brussels, Ukraine, Stockholm, Dutch, Jerusalem, Abir Sultan, Israeli, London, Lebanon, Syria, Iran, Italy, Spain

☆ With a low cocoa supply, this Valentine’s Day chocolate prices are up
▼ + stars: | 2024-02-12 | by ( John Towfighi | ) edition.cnn.com time to read: +9 min

Rising cocoa prices aren’t the only concern for customers this Valentine's Day. Last Thursday, Hershey Co. said it would cut 5% of its workforce after historic cocoa prices and inflation-weary consumers dampened fourth quarter earnings. “And it looks like it’s not necessarily going to subside anytime soon.”The Supreme Valentine’s Day SweetRoughly 92% of Americans say they plan to share chocolate and candy for Valentine’s Day this year, according to the National Confectioners Association. In 2023, Valentine’s Day chocolate and candy sales exceeded $4 billion, the NCA says. Issaka said that while high demand and low supply raise prices, cocoa farmers are getting squeezed.

Persons: ”, Michele Buck, Billy Roberts, ” Roberts, Lindsey Nicholson, Marnie Ives, Ives, ” Ives, “ It’s, Karl Schneider, Roberts’s, Issifu, Issaka, ” Issaka, “ I’m, Cote, Will Kletter, Sabi Ibarra Guerrero, Uwe Gneiting, Gneiting, Joke Aerts, Aerts, ” Aerts, Sia Kambou, Price, Tony’s, “, they’ve, CNN’s Eva Rothenberg Organizations: CNN, Hershey Co, National Confectioners Association, NCA, Cocoa, Oxfam America, Getty, Fairtrade, Cote d’Ivoire, “ Locations: West Africa, North America, Manhattan, Queens , New York, Neck, NY, Bloomfield , NJ, Ghana, North Region, Cote d’Ivoire, Silicon, Africa, Accra, Cote, Hermankono, AFP

☆ Family offices are booming. Here's where they're putting their money now — and in the next 5 years
▼ + stars: | 2024-02-02 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

Family offices have boomed in the last few years, thanks in part to the growing number of wealthy individuals. Family offices typically cater to investors with $100 million or more in net worth. Themes for the coming years What type of assets are family offices looking to buy in the next few years? Other themes that family offices are bullish on include health care and longevity, the energy transition and generative artificial intelligence, said Citi's Hofmann. Alternative assets are also becoming more popular with family offices, such as private equity, private debt and infrastructure, according to the providers.

Persons: There's, Hannes Hofmann, Citi's, That's, Robin Harris, Harris, Citi's Hofmann, Ocorian's Harris Organizations: Oxfam, Economist Intelligence, KPMG, UBS, CNBC, CNBC Pro, Citi, Tech, Equity, U.S . Federal Reserve Locations: United States, Asia, India, Europe, America, U.S, Ocorian, Japan, Middle East, Africa, Pacific, North America, —

☆ The top 4 ways big corporations are fueling global wealth inequality: report
▼ + stars: | 2024-01-28 | by ( Katie Balevic | ) www.businessinsider.com time to read: 1 min

Withholding their fair share in taxes. The wealthy business owners and their corporations have engaged in a "sustained and highly effective war on taxation," Oxfam found. Though some of the mega-wealthy have voiced the need for them to pay their fair share, but the disparities are still gaping and calls for a global billionaire tax, which could yield as much as $250 billion annually, have not gained traction. "Corporate taxes are disproportionately borne by the richest, thus the collapse in corporate taxes in recent decades has essentially provided another tax cut for the wealthy," Oxfam's analysis found.

Organizations: Oxfam

☆ The world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years, report finds
▼ + stars: | 2024-01-22 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

In just three years, the world has witnessed a "supercharged surge in extreme wealth," new data shows. In the U.S. alone, billionaires are 46% richer than they were in 2020, while the three wealthiest men — Elon Musk, Jeff Bezos and Larry Ellison — have increased their net worth by 84%, a recent Oxfam report on global inequality found. If current trends continue, the world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years. "We expect to see continued concentration of extreme wealth at the very top," added Rebecca Riddell, policy lead economic and racial justice at Oxfam. There are, however, signs of progress, noted Steven Hamilton, assistant professor of economics at George Washington University.

Persons: — Elon Musk, Jeff Bezos, Larry Ellison —, Amitabh Behar, Rebecca Riddell, Steven Hamilton Organizations: Oxfam, America, U.S . Census, Interim, Finance, House Republicans, George Washington University Locations: U.S

☆ Wealth inequality and 'billionaire supremacy' have gotten so bad that at this rate, it will take 230 years to end poverty
▼ + stars: | 2024-01-20 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Oxfam International published its inequality report, finding it could take 230 years to end poverty. AdvertisementIt will take multiple centuries to end poverty at the rate we're going, according to a recently published report. Oxfam International published its inequality report this month, detailing a slew of grim predictions about the ever-widening wealth gap. Advertisement"To end extreme inequality, governments must radically redistribute the power of billionaires and corporations back to ordinary people," the report's authors concluded. AdvertisementThe participation of global governments in the initiative to decrease wealth inequality will determine whether the world lapses into a future of "billionaire supremacy" or public power, the Oxfam report concluded.

Persons: —, Rebecca Riddell, Nabil Ahmed, Alex Maitland, Max Lawson, Anjela, Oded Galor, Galor Organizations: Oxfam International, Service, Oxfam

☆ Bill Gates thinks the super-wealthy should pay more tax – and plenty of rich people agree
▼ + stars: | 2024-01-20 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Bill Gates wants ultra-wealthy individuals to pay more tax — and now a growing chorus of billionaires agree. Gates doubled down on his calls to tax the rich in a panel at the World Economic Forum in Davos this week. It seems others agree, as more than 250 ultra-wealthy people signed an open letter calling for global leaders to impose a wealth tax. "Our request is simple: we ask you to tax us, the very richest in society," the letter says. The open letter's signatories includes Abigail Disney , whose grandfather Roy O. Disney cofounded The Walt Disney Company.

Persons: Bill Gates, Gates, Abigail Disney, Roy O, Disney, Brian Cox, Valerie Rockefeller, Rockefeller Organizations: Service, Business, Microsoft, Economic, Walt Disney Company, Patriotic Millionaires, Patriotic Millionaires UK, TaxMeNow, Humanity, Oxfam, Boeing, Disney Locations: Davos, California, New York

☆ Mega rich renew call on global leaders at Davos to 'tax our extreme wealth'
▼ + stars: | 2024-01-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Austrian Marlene Engelhorn, who inherited from her family who owns the Germany's chemical giant BASF, poses with a placard reading "Tax the rich!" at the entrance of the Congress center on the opening of the annual meeting of the World Economic Forum (WEF) in Davos, on January 15, 2024. In an open letter to political leaders gathered at the annual World Economic Forum in Davos, Switzerland, the rich signatories said they wished to deliver a clear message: "Tax our extreme wealth." "We are surprised that you have failed to answer a simple question that we have been asking for three years: when will you tax extreme wealth?" But it will turn extreme and unproductive private wealth into an investment for our common democratic future."

Persons: Marlene Engelhorn, Fabrice COFFRINI, FABRICE COFFRINI, Abigail Disney, Simon Pegg, Valerie Rockefeller, Brian Cox, Logan Roy, Cox Organizations: BASF, Economic, Getty, Oxfam Locations: Davos, AFP, Switzerland, HBO's

But aid officials expressed concern. The sanctions that come with the formal designation are meant to sever violent extremist groups from their sources of financing. Aid groups during the height of Yemen's war issued repeated warnings that millions of Yemenis were on the brink of famine. Aid groups said that step could have the effect of criminalizing ordinary trade and assistance to Yemenis. At home, the designation helps the Houthis' message to Yemenis that the U.S. is the cause of their suffering, Al-Omeisy said.

Persons: Scott Paul, Jared Rowell, Biden, “, Hisham Al, Omeisy, ’ ” Organizations: Oxfam America, U.S, Nations, International Rescue Locations: Iran, Saudi, Britain, Yemen, Israel, U.S, Gaza, Saudi Arabia, Washington

☆ Premarket stocks: The rich and powerful are meeting in Davos. Here’s what they’re talking about
▼ + stars: | 2024-01-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Climate catastrophes: Climate change is a hot topic as leaders meet to discuss balancing economic growth with sustainability. Davos comes just days after scientists around the globe reported that the average temperatures last year reached a new record high. The report also said that cooperation among global leaders on the issue is scarce. So while leaders will likely discuss the use of fossil fuels and green development, there may not be much agreement. Leaders gathered in Davos Sunday to discuss Ukrainian President Zelensky’s 10-point peace plan to end Russia’s war with his country.

Persons: Isaac Herzog, Volodymyr Zelensky, Emmanuel Macron, Li Qiang, Antony Blinken, Jake Sullivan, John Kerry, Satya Nadella, Sam Altman, Jamie Dimon, Brian Moynihan, Larry Fink, Donald Trump, ”, Philipp Hildebrand, CNN’s Richard Quest, ” “, ” Nicolai Tangen, CNN’s, “, Kristalina Georgieva, OpenAI’s Altman, Microsoft’s, Zelensky’s, JPMorgan’s Dimon, Herzog, Klaus Schwab, Tami Luhby, Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, Warren Buffett, Nabil Ahmed, ” Ahmed, Jordan Valinsky, Comité Organizations: New, New York CNN, World Economic, National, Business, Microsoft, JPMorgan, Bank of America, BlackRock, Republican, GOP, ” BlackRock, Bank, Norges Bank, International Monetary Fund, IMF, State, Amazon, Oracle, Berkshire Hathaway, Oxfam, Workers Locations: New York, Davos, United States, Iowa, Europe, Taiwan, India, Mexico, China, Covid, Champagne, France

The move comes as the Houthis have launched dozens of attacks on commercial vessels in the Red Sea. In its waning days, the Trump administration designated the Houthis a foreign terrorist organization over the strong objections of human rights and humanitarian aid groups. Yemen, on the tip of the Arabian Peninsula bordering the Red Sea, is the poorest country in the Arab world. While supporters of broad sanctions argue it’s possible to shape any enforcement mechanisms so to exempt food and humanitarian aid, aid organizations worry that fears of running afoul of U.S. regulation could scare away shippers, banks and other players vital to Yemen’s commercial food supply. The Red Sea attacks have already caused significant disruptions to global trade.

Persons: —, Biden, Antony Blinken, Trump, Blinken, ”, Scott Paul, “, Yemen’s Houthi, Jake Sullivan, Linda Thomas Greenfield, Brent, Houthis, Sullivan, Joe Biden's, ” Sullivan, Sheikh Mohammed bin Abdulrahman, Sheikh Mohammed bin Abdulrahman Al Thani, Al Thani, Mohammed Shia, Masrour Barzani, Jon Gambrell, Edith M, Lederer, Ellen Knickmeyer Organizations: WASHINGTON, White, U.S, Nations, Oxfam America, White House, House, Economic, British, United Nations, Consulate, Islamic, Tuesday, ___ Associated Press Locations: Yemen, Red, Gaza, Israel, Yemenis, U.S, Davos, Switzerland, Iran, Malta, Tehran, Lebanon, Syria, Iraq, Sheikh Mohammed bin Abdulrahman Al, Qatar, Kurdish, House, Irbil, ___, Jerusalem, Washington

Political Cartoons View All 253 Images"Very soon Oxfam predicts that we will have a trillionaire within a decade. With Brazil hosting this year's Group of 20 summit of leading industrial and developing nations, Lawson said it was a “good time for Oxfam to raise awareness” about inequalities. Brazilian President Luiz Inacio Lula da Silva has put issues that concern the developing world at the heart of the G20 agenda. To calculate the top five richest billionaires, Oxfam used figures from Forbes as of November 2023. For the bottom 60% of the global population, Oxfam used figures from the UBS Global Wealth Report 2023 and from the Credit Suisse Global Wealth Databook 2019.

Persons: — Tesla, Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, Warren Buffett, ”, Amitabh Behar, John D, Musk, Lawson, Luiz Inacio Lula da Silva, Forbes, ___ Pylas Organizations: Oxfam, Amazon, Oracle, Rockefeller of Standard Oil, Forbes, Brazil, UBS Global, Credit Suisse Global Wealth Locations: DAVOS, Switzerland, Swiss, Davos, Saudi Arabia, Ukraine, London

☆ The world could have its first trillionaire within 10 years, while most of us are getting poorer, report says
▼ + stars: | 2024-01-15 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

AdvertisementThe world could mint its first trillionaire within a decade as the majority of us gets poorer, according to a new report. The prediction came in Oxfam's annual inequality report, published on Monday to coincide with the World Economic Forum in Davos, Switzerland. The predicted trillionaire would represent an unprecedented high-water mark in levels of global inequality that even now are starker than ever, the report said. Oxfam makes regular headlines with its annual wealth inequality report, which in recent years has made some jarring assessments. The report's calculations are based on Forbes' "Real-Time Billionaires" list and UBS' Global Wealth Report of 2023.

Persons: —, Bernard Arnault, Jeff Bezos, Warren Buffett, Larry Ellison, Elon Musk, Rachel Riddell, Forbes, Charles Kenny Organizations: Oxfam, Service, World Economic, NPR, UBS, Global, Center for Global Development, World Bank Locations: Davos, Switzerland, Saharan Africa

☆ World's five richest men have doubled their wealth since 2020, report finds
▼ + stars: | 2024-01-15 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The Amazon founder and chairman is one of the world's richest men. The world's five richest men have more than doubled their vast wealth since 2020, according to an Oxfam report, as the charity calls for curbs on "corporate power." Oxfam used data from Forbes and Wealth X which has not been independently verified by CNBC. Seven of the world's ten biggest companies have a billionaire as their CEO or main shareholder, the report found. Meanwhile, the world's richest 1% of people own 43% of global financial assets, according to the research, such as publicly listed instruments like stocks and bonds, along with stakes in privately-held businesses.

Persons: Jeff Bezos, Elon Musk, Bernard Arnault, Larry Ellison, Warren Buffett — Organizations: Kansas City Chiefs, Los Angeles Chargers, Arrowhead, Oxfam, Oracle, Forbes, Wealth, CNBC Locations: Kansas City , Missouri, Davos, Switzerland

☆ The wealth of the world’s five richest men more than doubled since 2020
▼ + stars: | 2024-01-14 | by ( Tami Luhby | ) edition.cnn.com time to read: +4 min

His wealth soared to $245.5 billion at the end of November, up 737% from March 2020, after accounting for inflation. Amazon founder Jeff Bezos had a fortune of $167.4 billion, up 24%; while Oracle founder Larry Ellison’s wealth totaled $145.5 billion, up 107%. US billionaires, many of whom derive their wealth from the equity in the companies they lead, are $1.6 trillion richer. Seven out of 10 of the world’s largest public companies have either a billionaire CEO or a billionaire as its principal shareholder. What’s more, the top 1% holds 43% of the world’s financial assets, according to Oxfam, drawing on data from Wealth X.

Persons: Nabil Ahmed, ” Ahmed, Elon Musk, Bernard Arnault, Jeff Bezos, Larry, Warren Buffett, Amitabh Behar Organizations: CNN, Forbes, Oxfam, Workers, Tesla, SpaceX, Amazon, Oracle, Berkshire Hathaway, Wealth, Oxfam International’s Locations: Davos, Switzerland, United States, Asia, Europe, “

☆ Court hears suit to stop Netherlands exporting F-35 parts to Israel
▼ + stars: | 2023-12-04 | by ( Stephanie Van Den Berg Tosterling | Stephanie Van Den Berg | ) www.reuters.com time to read: +3 min

[1/3] A district court hears a case against the Dutch state launched by human rights organisations, who say the export of F35 fighter jet parts to Israel makes the Netherlands complicit in alleged war crimes in Gaza, in The Hague, Netherlands, December 4, 2023. The Netherlands houses one of several regional warehouses of U.S.-owned F-35 parts which are then distributed to countries that request them, including Israel. Preventing that was more important than the Netherlands fulfilling its commercial or political obligations to allied countries, they argued. "The (Dutch) state must immediately stop its deliveries of F-35 parts to Israel," lawyer Liesbeth Zegveld said in summary proceeding at the Hague District Court. Lawyer for the Dutch state Reimer Veldhuis said it was "legitimate" to wonder whether Israel's reaction to Hamas had gone too far.

Persons: de Wouw, Israel, Liesbeth Zegveld, Zegveld, Reimer Veldhuis, Stephanie van den Berg, David Holmes, Alex Richardson Organizations: REUTERS, HAGUE, Oxfam Novib, Hague, Thomson Locations: Israel, Netherlands, Gaza, The Hague, U.S, Geneva

☆ What is the humanitarian situation in besieged Gaza?
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

Parts of northern Gaza has been cut off from outside help for weeks, with one U.N. spokesperson describing it as a "hell on earth". AID DELIVERIESThe Rafah crossing reopened for limited aid supplies on Oct. 21 and all other crossings into Gaza remain shut. Egypt has said 130,000 litres of diesel and four trucks of gas will be delivered daily to Gaza when the truce starts, and that 200 trucks of aid would enter Gaza daily. WATERFresh fuel deliveries in recent days has allowed some water wells and pumping stations to resume operations in southern Gaza. FUELIsrael has been allowing a limited daily amount of fuel to enter Gaza from Egypt, with 75,000 litres arriving on Nov. 23.

Persons: Khan Younis, Abu Mustafa, OCHA, Emma Farge, Miral Organizations: REUTERS, Rights, Hamas, World Health Organization, WHO, Oxfam, UNRWA, Thomson Locations: Israel, Gaza, Palestinian, Khan, Egypt, Rafah

Vacuum maker Dyson has in recent years tied up with eBay UK to sell officially refurbished products at a hefty discount to the price of new ones. Some 23% of consumers globally say they are buying more second-hand products, according to the EY Future Consumer Index, a survey of 22,000 consumers published earlier this month. "I found a waistcoat for my dad in a charity shop in Peckham the other day – I saw it and I thought I have to get it, he's going to love it," Baker said as she browsed in a Crisis charity shop in Camberwell, south-east London. In the fourth quarter of last year, sales in UK charity shops grew by 8.6% compared the previous year, according to the Charity Retail Association. Lesley Wright, a volunteer at an Oxfam shop in Brighton, England, is gearing up for her "busiest-ever" holiday season.

Persons: Eve Williams, Dyson, Lorna Fallon, Lucy Baker, Baker, Lesley Wright, Wright, Richa Naidu, Helen Reid, Matt Scuffham, Elaine Hardcastle Organizations: eBay Inc, Oxfam, Apple, eBay, Dyson, Regent, Sustainability, Charity Retail Association, Reuters, Thomson Locations: British, London, Peckham, Camberwell, Brighton , England

☆ Carbon emissions of richest 1% equal to those of poorest 66%, Oxfam report finds
▼ + stars: | 2023-11-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Private jets are seen on the tarmac at Friedman Memorial Airport ahead of the Allen & Company Sun Valley Conference, July 5, 2022 in Sun Valley, Idaho. The world's richest 1% of people are responsible for around the same percentage of global carbon emissions as the 5 billion people who represent the 66% poorest, according to a report published Monday by Oxfam. The charity's analysis, conducted with the Stockholm Environment Institute, found both groups contributed to 16% of emissions in 2019. The wealthiest 10% were responsible for 50% of global emissions, it found, while the bottom 50% were responsible for just 8%. Within the top 1%, the report links one-third of the carbon emissions to personal consumption in the U.S., followed by China and the Gulf countries.

Organizations: Friedman, Allen & Company Sun Valley Conference, Oxfam, Stockholm Environment Institute, SEI Locations: Sun Valley , Idaho, Stockholm, U.S, China

☆ Israel-Hamas War Israel Says Its Troops Are in the Heart of Gaza City
▼ + stars: | 2023-11-08 | by ( Aaron Boxerman | Victoria Kim | ) www.nytimes.com time to read: +6 min

The Shati refugee camp in Gaza City was one of the neighborhoods hit by Israeli airstrikes on Monday. Hundreds of thousands of people have remained in northern Gaza despite warnings to move south. David Satterfield, U.S. special envoy for Mideast humanitarian issues, estimated on Saturday that at least 350,000 to 400,000 people remained in northern Gaza. Bushra Khalidi, Oxfam International’s policy lead for the Palestinian territories, said that her in-laws were among the many people who had abandoned their homes in Gaza City, only to return. In their case, the place where they had sought refuge, in central Gaza, received an evacuation order from the Israeli military.

Persons: Al Salya, ”, “, Ms, Ahmed Ferwana, Al Shati, Ferwana, Iyad, David Satterfield, Mohammed Dahman, Bushra Khalidi, ‘, ’ ”, Khalidi, Mohammad Abu Salmiya, Al Shifa, ” Dr, Abu Salmiya, Arijeta Lajka, Riley Mellen, Iyad Abuheweila Organizations: Jinan Al, The New York Times, Associated Press, United Nations, Hamas, Oxfam Locations: Gaza City, Gaza, Jinan, Jinan Al Salya, Rafah, Egypt, Jabaliya, Swiss, Rimal, Al Shifa, Israel, Al

Most of Gaza’s water comes from local sources – but the fuel required to pump and clean it is fast running out. As the water system collapses, some Gazans have been forced to drink dirty, salty water, sparking concerns of a health crisis and fears that people could start dying from dehydration. Without it, Gaza’s water system has crumbled. Gaza’s fuel supplies could be exhausted in as little as 48 to 72 hours, Ghunaim, from the PWA, said on Monday. Even before the conflict, many experts were saying the water situation would be “catastrophic in the future,” Hall said.

Persons: Mohammad Al Shanti, ”, Natasha Hall, Mazen Ghunaim, Mohammed Abed, Ghunaim, Richard Peeperkorn, “, Kellogg Schwab, ” Schwab, Al Shanti, Omar Shaban, COGAT, Mark Regev, Benjamin Netanyahu, Herzi Halevi, Philippe Lazzarini, ” Hall, ‘, Khan Younis, Mahmud Hams, Hall, Haitham Hassan, – Organizations: CNN, Aqsa, UNICEF, Palestinian Water Authority, UN, Health, Middle, Center for Strategic, International Studies, Oxfam, PWA, West Bank, CSIS, Johns Hopkins University ., Strategic Studies, Getty, WHO, Israel Defence Forces, UNRWA, “ Locations: Al, Gaza, Israel, Rafah, Egypt, AFP, “, Territories, Egypt’s, Khan

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