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Here's what you need to know: The richest 1% of people on the planet have seen their wealth increase by an average of $2.7 billion per day since 2020.
That's the first time in 25 years that extreme wealth and extreme poverty have increased at the same time, according to Oxfam's "Survival of the Richest" report.
"While ordinary people are making daily sacrifices on essentials like food, the super-rich have outdone even their wildest dreams," says Gabriela Bucher, executive director of Oxfam International, per the Guardian.
Oxfam is calling for a wealth tax on the world's richest, arguing that such a tax could raise $1.7 billion a year, enough to lift 2 billion people out of poverty.
Giving to Amplify Earth Action: The WEF on Tuesday launched Giving to Amplify Earth Action, an initiative to increase philanthropic funding to tackle climate change and biodiversity loss, per the Guardian.
The group estimates that $3 trillion is needed to address climate change and biodiversity issues, and CEO Per Heggenes of the Ikea Foundation says it's "unacceptable" that just 2% of... Read the Entire ArticleSelected Grant News Headlines
When it comes to artificial intelligence, the European Union's General Data Protection Regulation (GDPR) is a no-brainer.
But when it comes to the environment, it's a little more...more
Walmart is donating $1 million to help people in the Gaza Strip who have been affected by the recent conflict between Israel and Hamas, the New York Times reports.
"With the pause in fighting,...more
The government of Nigerian President Muhammadu Buhari has come up with a novel way to create jobs and boost the country's economy, the Guardian reports.
According to a statement from the office...more
Nigeria's president says he wants to create 2 million jobs by the end of his term in 2023, the AP reports.
President Bola Tinubu announced the plan Sunday in Abuja, saying $200 million would be...more
Scientists in Spain say they've created an artificial leaf capable of turning water and carbon dioxide into fuel and chemicals, the Guardian reports.
"When we recognized our prototype after...more
Delegates from nearly 200 countries are meeting in Dubai this week for the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change, and a new report from the...more
The Asian Development Bank says it plans to invest $100 billion to fight climate change in Asia over the next decade.
The bank says the money will be used to help the region's cities, towns, and...more
"When RICE opened in 2019, the vision was clear: to create a thriving ecosystem where Black entrepreneurs could turn their dreams into successful businesses," Jay Bailey, president and CEO of the...more
California voters have given their thumbs-up to a ballot measure that aims to boost arts education in public schools.
Proposition 28 will provide $500,000 a year for the next five years to the...more
South Africa's Animation School is ranked 12th in the world for animation education by the Animation Career Review website, and now it's joining the Honoris United Universities network of colleges...more
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Tom’s Partner with Make It Right to Build Sustainable Homes for People in Need
Tom’s, the social enterprise popular for its shoes, has released a pair of shoes and a pair of shades to benefit Make It Right, a nonprofit founded by Brad Pitt in 2007 that builds affordable, green homes, buildings and communities for underserved and low-income populations.
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