Tag: Oxfam

Top global CEO pay increased 20 times faster than workers’ pay in 2025

Stuart Mitchell

Chief executives of the world’s largest corporations enjoyed an 11 percent real-terms pay hike last year, while the average global worker saw real wages increase by just 0.5 percent, new analysis by the International Trade Union Confederation (ITUC) and Oxfam ahead of International Workers’ Day (May 1) reveals. In other words, top global CEO pay increased 20 times faster than global workers’ pay in 2025. In the U.S. alone, CEO pay increased 20.4 times faster than workers’ wages in the last year. For the 384 CEOs in the S&P 500…

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Fossil fuel profits set to soar to $3000 a second, as families struggle with energy costs

Stuart Mitchell

Forecast comes as majority of UK public back taxing oil and gas profits to drive clean energy transition Six of the world’s biggest fossil fuel companies are projected to earn $2967 a second in profits in 2026, new Oxfam research finds, ahead of the first global conference on Transitioning Away from Fossil Fuels, taking place this week in Santa Marta, Colombia. This marks an increase of almost $37 million a day compared to the 2025 profits of these six corporations – Chevron, Shell, BP, ConocoPhillips, Exxon and TotalEnergies. The total…

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Two-thirds of Brits feel fragmented and back volunteering to bring people together

Stuart Mitchell

New polling shows 68% of Brits believe society has become more fragmented, with fewer people feeling connected to each other, while 69% believe volunteering in charity shops can help bring communities back together in a disconnected world. The new nationally representative poll, carried out by Censuswide, on behalf of Oxfam, also found that: 62% of Brits said young people should consider volunteering in the first three years after leaving school instead of going straight into paid work or further education This was despite the fact that 76% of the group…

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£11,500 Sherlock Holmes first edition detected at Oxfam bookshop

Stuart Mitchell

A rare first edition of The Sign of Four by Arthur Conan Doyle has been uncovered at an Oxfam bookshop in Shrewsbury, selling for £11,520 at Bonhams auction house after staff pieced together clues about its value. The volume surfaced among routine donations, but the Oxfam team identified tell-tale signs that it was something out of the ordinary. Following a closer examination of its condition, provenance and distinguishing features, the book was referred for specialist assessment and later consigned to Bonhams, where competitive bidding drove the final sale price to…

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10 richest New York billionaires gained $42 billion in the last year, as ordinary New Yorkers struggled with affordability

Stuart Mitchell

New Oxfam America brief shows how raising taxes on New York’s ultra-rich could ease the harmful effects of President Trump’s One Big Beautiful Bill Act. As New York policymakers consider a range of proposed tax reforms, Oxfam America, part of the global organization fighting inequality to end poverty and injustice, released a new brief today detailing how a modest increase in taxes for New York’s wealthiest residents could raise revenue and restore tax fairness. According to Oxfam America, such proposals could help offset the One Big Beautiful Bill Act’s (OBBBA)…

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