Poverty

World's 1 percent rich swallows two-thirds of $42 trillion global wealth

Oxfam says that a 5 percent tax on billionaires and multi-millionaires of the globe could generate $1.7 trillion annually, which would be sufficient to bring 2 billion people out of poverty.

Brazil's potential left win: a sign of public defiance, bad news for US

All six of the region’s biggest economies may soon be run by leftist presidents with all eyes on Brazil’s upcoming run-off elections that could see the comeback of Luiz Inacio Lula da Silva in a fresh ‘pink tide’.

UN: Millions trapped in 'modern slavery' as crises fuel poverty

Fifty million people around the world are stuck in modern slavery, which has been exacerbated by crises such as Covid-19, armed conflicts and climate change, the UN International Labour Organization says.

Germany's rising cost of living puts more children at risk of poverty

The founder of children's charity Arche, Bernd Siggelkow, says the state’s support program for unemployed parents and poor families is not enough to meet basic needs.

Millions of people in Germany are poor as inflation soars

In a report by a German welfare organisation, 13.8 million people are currently counted among the poor in the country, which is 600,000 more than before the pandemic.

Who is Colombia’s next president Gustavo Petro?

Gustavo Petro, a former guerilla, who fought against the Colombian government in the past, will now lead the South American country.

Indigenous protests over fuel prices in Ecuador enter eighth day

Powerful Confederation of Indigenous Nationalities of Ecuador –– credited with helping topple three presidents between 1997 and 2005 –– have called the protest as Ecuadorans increasingly struggle to make ends meet.

Fighting global poverty from space

Night satellites orbiting the Earth can be a new way to identify economic inequality.

Honduras: Xiomara Castro sworn in as first woman president

After 12 years of right-wing National Party (PN) rule, Castro's Libre party takes the reins on the challenges facing Honduras.

About half of Myanmar's population may sink into poverty in 2022

The twin impacts of the pandemic and a military coup could reverse the progress made in the past decade, threatening to affect an entire generation, the United Nations says.

Search-and-rescue efforts ongoing in Haiti as death toll rises

The 7.2 magnitude quake flattened hundreds of homes in the impoverished country, which is still clawing its way back from another major temblor years ago, and has been without a head of state since the assassination of its president last month.

Calm restored to most affected areas in South Africa after 'week from hell'

Unrest swiftly degenerated into looting which destroyed hundreds of businesses and killed over 200 people, driven by widespread anger over the poverty and inequality that persist nearly three decades after the end of white minority rule.