Governments need to take urgent action to combat inequality -Oxfam

FILE PHOTO: People walk past the congress center, the venue of the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 22, 2022. REUTERS/Arnd Wiegmann

LONDON (Reuters) - Governments need to take urgent action to tackle rising inequality which emerged over the COVID-19 crisis with a surge in energy and food prices ramping up pressures on millions of people around the world, Oxfam said on Monday.

The report, released by the Nairobi-based charity as top policy makers and industry chiefs arrive in the Swiss town of Davos for the annual meeting of the World Economic Forum (WEF), found the number of billionaires had risen by 573 to just under 2,700 from 2020.