Poor

Kenya protests: Ruto pulling the finance bill is unlikely to satisfy angry young protesters – here’s why

By Kathleen Klaus, Uppsala University In a move that shocked observers, Kenya’s President William Ruto announced on 26 June he was withdrawing his government’s highly controversial finance bill. This followed two days in which tens of thousands of mostly young protesters took to the streets in nationwide rallies against the proposals contained in the country’s 2024 budget. Kathleen Klaus, who has studied […]

June 27, 2024 99

Business / Economics

Wealth of five richest men doubles since 2020 as five billion people made poorer in “decade of division,” says Oxfam

The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. If current trends continue, the world will have its first trillionaire within a decade but poverty won’t be eradicated for another 229 years. […]

January 15, 2024 7