Oxfam said billionaire wealth rose by more than 16% in 2025 to a record US$18.3 trillion, growing at a pace three times faster than the average of the past five years.

In a striking critique of France’s socio-economic policies, an article in Le Monde titled “In France, the Pace of Poverty Reduction Has Stalled for 20 Years and Continues to Increase” sheds light on a critical issue that has remained overlooked in public discourse: the persistent and rising poverty levels in France’s overseas territories. While metropolitan France has seen notable strides in poverty reduction over the years, its overseas regions paint a starkly different picture, with nearly 40% of their populations living in poverty.

Late last month, Argentinian President Javier Milei uploaded a characteristically odd photo on social media. It showed him posing with his cabinet behind a golden chainsaw – a callback to the campaign prop Milei wielded at rallies to punctuate his support for spending cuts. An accompanying caption read: “The best government in history,” News.az reports citing Al Jazeera.

A UN Development Program report released Thursday reveals that more than one billion people worldwide are living in acute poverty, with children making up over half of those affected.

By News.Az