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29th Mar 2024

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Oxfam: Wealth of eight same as half world's population

Oxfam in a report ahead the World Economic Forum conference said eight men own the wealth of half of the world's population. It noted their combined net wealth is equivalent to the world's poorest 3.6 billion people. Six are from the US and one each from Spain and Mexico. At the top of the wealth list is Microsoft founder Bill Gates ($75 billion), followed by Amancio Ortega ($67 billion).

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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