Despite promises, world leaders are failing to tackle inequality as the wealth of the richest 62 people jump by 44 per cent in five years to $1.76 trillion, owing the same as half of the world.

According to the report, An Economy for the 1%, the wealth of the poorest half of the world’s population has fallen by a trillion dollars since 2010, a drop of 41 percent. The drop has occurred in parallel with the increase of the global population by 400 million. Out of the current ‘62’, rulers of the...

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